The global allergy diagnostics and therapeutics market are estimated to grow at a CAGR of11.9% during the forecast period. The major factors contributing to the growth of the market include significant incidences of allergic diseases and emerging demand for innovative in-vitro diagnostic equipment. With the growing prevalence of food allergies coupled with sedentary lifestyle habits are leading to increasing demand for diagnostic tools and treatment to diagnose reaction and thereby recommending treatment to the patients. For instance, as per the Food Allergy Research & Education (FARE), in the US, the treatment of severe food allergy reactions increased by nearly 400% during the period, 2007 to 2016. Additionally, laboratory service costs to diagnose such reactions have also increased over the 10 years, surging by over 5,000%.

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The number of food allergy reactions that require emergency treatment is increased substantially over the years, with a 377% growth in individually listed medical procedures or claim lines which is associated with anaphylaxis, a severe, life-threatening allergic reaction caused by food. Milk allergy is associated with the highest average costs and services per patient in 2016. This accounted for annual charges which surpass $1,000 per year in the US. Allergy to milk is concerned with toddlers and infants, who are usually prescribed a specialized formula to stimulate their growth and nutrition. Blood test and skin test is often recommended to determine the food allergy. This involves taking a blood sample to send to a laboratory for analysis. This, in turn, contributes to the demand for food allergy testing kits across laboratories.

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Allergic Diagnostics and Therapeutics Market Segmentation
By Product
• Instruments
• Consumables

By Drug Class

• Antihistamines
• Decongestants
• Corticosteroids
• Mast Cell Stabilizers
• Leukotriene Inhibitors
• Nasal Anticholinergic
• Immunomodulators
• Auto Injectable Epinephrine
• Immunotherapy
• Global Allergy Diagnostics and Therapeutics Market by End-User
• Diagnostic Labs
• Hospitals and Clinics
• Academic Research Institutions

Regional Analysis

• North America
• US
• Canada
• Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
• Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
• Rest of the World
Company Profiles

• Allergan PLC
• Allergy Therapeutics PLC
• bioMérieux SA
• Danaher Corp.
• HAL Allergy Group
• Hitachi Chemical Diagnostics, Inc.
• HOB Biotech GroupCorp., Ltd.
• Hycor Biomedical, LLC
• Lincoln Diagnostics, Inc.
• Omega Diagnostics Group PLC
• PerkinElmer, Inc.
• Quest Diagnostics, Inc.
• Siemens AG
• Stallergenes Greer PLC
• Thermo Fisher Scientific, Inc.

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