Food Allergy Diagnostics & Therapeutics Market Size Is Expected To Reach USD 4.71 Billion By 2026 | CAGR Of 7.4% | Radiant Insights, Inc.

November 12 17:32 2019
Food Allergy Diagnostics & Therapeutics Market Size Is Expected To Reach USD 4.71 Billion By 2026 | CAGR Of 7.4% | Radiant Insights, Inc.

“Radiant Insights, Inc.”
According to new report available with Radiant Insights, the global global food allergy diagnostics & therapeutics market report provides in-depth analysis of market by production, share, size, demand, economic trends, investment feasibility, major key players, analysis and forecast.

The global food allergy diagnostics & therapeutics market size is expected to reach USD 4.71 billion by 2026, according to a new report by Radiant Insights, Inc., exhibiting a CAGR of 7.4%. The market is expected to grow in the coming years owing to increasing incidence of food allergies coupled with rising demand for products for management of these conditions.

There are more than 160 foods that can lead to allergic reactions; however, only 8 most common allergens have been identified by the FDA. These include eggs, milk, peanuts, soy, tree nuts, wheat, shellfish, and fish. Some of the other allergens are corn, meat, gelatin, seeds, spices, and fruits & vegetables. Based on Food Allergy Research and Education (FARE) 2016 data, around 15 million people in the U.S. have food allergy. Ingestion of any of the common allergens might lead to anaphylaxis, a life-threatening allergic reaction, which might further result in anaphylactic shock. Every year, around 2,000 hospitalizations, 30,000 emergency room visits, and 150 deaths due to anaphylaxis are recorded in the U.S.

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However, administering epinephrine using an auto-injector during the early stage of anaphylaxis might help avoid any serious complications. Treatment for food allergy costs around USD 25 billion annually in the U.S. Development of cost-effective in vitro diagnostic tests for detection of allergy is expected to fuel the demand for diagnostic products.

Further key findings from the study suggest:

• Therapeutics segment dominated the market in 2018 due to growing demand for antihistamines and epinephrine auto-injector

• Diagnostic segment includes instruments, consumables, and services, wherein consumables accounted for the largest share in 2018

• The most common tests used to diagnose food allergies are skin prick tests and blood tests

• Peanut allergen source segment is anticipated to register lucrative growth over the forecast period, owing to novel product launches coupled with rising incidence of peanut allergies worldwide.

• Hospitals & clinics dominated the food allergy diagnostics & therapeutics market in 2018 owing to increase in number of hospitalizations due to severe allergic conditions

• Europe held the largest share in 2018 owing to increase in prevalence as well as awareness about various symptoms of food allergic reactions in this region

• Asia Pacific is anticipated to exhibit significant growth during the forecast period due to rising disposable income and incidence of shellfish allergy

• Some of the key companies are Allergy Therapeutics; Cambridge Allergy Ltd; Astellas Pharma, Inc.; Immunomic Therapeutics, Inc.; bioMerieux SA; Omega Diagnostics Group PLC; and HYCOR Biomedical

Download Full Research Report of Food Allergy Diagnostics & Therapeutics Market @ https://www.radiantinsights.com/research/food-allergy-diagnostics-and-therapeutics-market

Table of Contents

Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Market Definition
1.3 Information Procurement
1.3.1 Purchased database
1.3.2 GVR’s internal database
1.3.3 Secondary sources & third-party perspectives
1.3.4 Primary research
1.4 Information Analysis
1.4.1 Data analysis models
1.5 Market Formulation & Data Visualization
1.6 Data Validation & Publishing

Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.3 Competitive Insights

Chapter 3 Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Parent market outlook
3.1.2 Related/ancillary market outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Regulatory Framework
3.3.1 Reimbursement framework
3.3.2 Standards & compliances
3.4 Market Dynamics
3.4.1 Market driver analysis
3.4.2 Market restraint analysis
3.4.3 Industry opportunity
3.4.4 Industry challenges
3.5 Food Allergy Diagnostics & Therapeutics Market Analysis Tools
3.5.1 Industry Analysis – Porter’s
3.5.1.1 Supplier power
3.5.1.2 Buyer power
3.5.1.3 Substitution threat
3.5.1.4 Threat from new entrant
3.5.1.5 Competitive rivalry
3.5.2 PESTEL Analysis
3.5.2.1 Political landscape
3.5.2.2 Environmental landscape
3.5.2.3 Social landscape
3.5.2.4 Technology landscape
3.5.2.5 Legal landscape
3.5.3 Major deals & strategic alliances analysis
3.5.4 Market entry strategies

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