According to Market Research Future (MRFR), the global food allergy diagnosis treatment market is estimated to acquire the market value of USD 1830.05 million, expanding at a CAGR of 5.10% during the evaluation period 2023.
The rising incidences of food-borne diseases owing to the increasing environmental pollution is anticipated to be a key factor driving the Food Allergy Diagnosis Treatment Market 2023. The number of patients suffering from food allergies due to changing lifestyle is likely to increase the demand for advanced diagnostic methods that can boost the market in the review period. Furthermore, increasing awareness about various efficient treatment for food allergies is projected to surge the demand for treatment methods, which is anticipated to strengthen the market. Other salient factors contributing to the rise in demand for allergy diagnosis treatment are modernization, food globalization, and higher disposable income, which can grow the market.
On the other hand, the high cost of treatment is predicted to hamper market growth during the forecast period. However, increasing RD programs with above-mentioned factors are expected to counter the restraining causes which can increase the diagnosis demand and grow the market.
The segmental analysis of the global food allergy diagnosis treatment market is done by diagnosis, food source, end-use, and treatment.
The diagnosis-based segments of the global food allergy diagnosis treatment market are primary and secondary. Among all, the secondary segment is projected to acquire the largest market share, with primary segment likely to exhibit the highest CAGR in the review period.
The food source-based segments of the global food allergy diagnosis treatment market are eggs, milk, peanuts, seafood, tree nuts, wheat, soy, and others. Among all, the seafood segment is projected to acquire the largest market share during the evaluation period.
The end-use-based segments of the global food allergy diagnosis treatment market are diagnostic centers, hospitals clinics, and research institutes. Among all, the hospital clinics segment is likely to procure the largest market share during the forecast period.
The treatment-based segments of the global food allergy diagnosis treatment market are adrenalin corticosteroids, and antihistamines. Among all, the antihistamines segment is anticipated to procure the largest market share during the forecast period.
Based on the region, the global market is segmented into the Americas, Asia-Pacific, Europe, and the Middle East Africa.
According to the analysis, the market is anticipated to be dominated by the Americas, owing to the increasing cases of anaphylaxis. Moreover, increasing initiatives taken by the government to control food allergy cases is likely to support the regional market expansion.
Europe market is anticipated to acquire significant market share in the projection period due to the increasing awareness of food allergy. Furthermore, increasing healthcare expenditure and rising RD are predicted to contribute to the expansion of the regional market.
The APAC region is expected to grow at the fastest region with the highest CAGR in the review period owing to the contribution of emerging economies that have high adoption rates of the latest technologies.
The MEA region is anticipated to grow at a CAGR of 4% in the evaluation period. The economic stability in the Middle East countries can contribute to market growth during the forecast period.
Top Key Players:
Some of the prominent players in the food allergy diagnosis treatment market are Intertek Group PLC (U.K.), SGS S.A. (Switzerland), Microbac Laboratories, Inc. (U.S.), and AsureQuality Limited (New Zealand).
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/food-allergy-diagnosis-treatment-market-7562
About Market Research Future:
Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.
Our fast-emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 628 258 0071