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Allergy Diagnostic and Treatment Market – Increasing R&D in allergies and their treatment is expected to boost growth of the market

October 8th, 2021 Coherent Market Insights Releases

Allergy Diagnostic Testing is the process of evaluating a patient’s reactions to various allergens by performing a series of allergy tests. The intended aim of this test is to give health care professionals an overall overview of allergy conditions for medical practitioners who treat patients with chronic allergy conditions. This can be done in the office environment or at the home of the individual. Most allergy diagnostic tests are performed on adults whereas children are usually subjected to allergy testing only if their parents or guardians feel that it is necessary for them.

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Several different types of allergy tests may be performed depending upon the individual condition and the specific substance involved. In some allergy tests, blood samples are collected from the person to identify the particular allergen which has caused the allergic reaction. Runny nose, red eyes, itchiness, hives, eczema or more severely an asthma attack are some of the symptoms of allergy. In similar context, allergy diagnostic services are used to identify the type of allergy and accordingly determine treatment regimen of allergic conditions.

Growing preventative measure awareness is projected to boost sales of allergy diagnostic and treatment market size.

Increasing incidence of allergic diseases such as allergic rhinitis, asthma, sinusitis, food allergy and other respiratory allergies are projected to augment growth of the allergy diagnostic and treatment market in the near future. For instance, according to the WHO, globally over 300 million patients suffered from asthma in 2013 and are expected to increase to over 400 million by 2025. Moreover, according to statistics provided by the American Academy of Allergy, Asthma & Immunology, globally around 15% of the population are affected by allergic rhinitis. Additionally, rising prevalence of allergies among the global populace is again expected to drive growth of the global allergy diagnostic and treatment market outlook.

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Furthermore, growing government support for development of novel therapies and vaccines along with rising R &D initiatives for development of advanced diagnostic techniques are further projected to accelerate growth of this market in the near future. Technological advancements in the field of in-vitro diagnostics and growing focus on retaining superior quality of life are some of the factors that are projected to contribute towards growth of this market over the forecast period. On the other hand, high cost of these tests and unavailability of the tests kits across developing regions are some of the factors that are projected to negatively influence growth of this market.

Major Players in Allergy Diagnostic and Treatment Market

BioMérieux, Danaher Corporation, GlaxoSmithKline plc, Hitachi Chemical Diagnostics, Inc., Merck & Co., Inc., Omega Diagnostics Group PLC, Siemens Healthcare, and Thermo Fisher Scientific, Inc.,

Reasons to Purchase this Report

• To gain an in-depth understanding of Allergy Diagnostic and Treatment market globally

• To identify the on-going trends and anticipated growth in the next nine years

• To help industry consultants, Allergy Diagnostic and Treatment market other stakeholders align their market-centric strategies

• To obtain research-based business decisions and add weight to presentations and marketing strategies

• To gain competitive knowledge of leading market players

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About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having an office at global financial capital in the U.S. and sales consultants in the United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies to not-for-profit organizations, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

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