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The market size of allergy
diagnostic is projected to reach USD
8.02 billion by 2027, up from USD 3.53 billion in 2019, reflecting a Compound
Annual Growth Rate (CAGR) of 10.8% during the forecast period. This growth is
fueled by the increasing prevalence of rare allergies and the global burden of
allergy-related diseases. Common allergies include drug, food, insect, latex,
mold, pet, and pollen allergies, triggered when the immune system perceives
certain substances, known as allergens, as harmful.
Allergies can be seasonal, year-round, or lifelong, and their
rise is attributed to overly clean living conditions in developed countries,
reducing exposure to immune-system-training germs. In contrast, developing and
underdeveloped nations experience increased allergies due to unsanitary
conditions and pollution.
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Healthcare providers conduct skin and blood tests for early
allergy detection, with the adoption of diagnostic kits expected to rise. The
World Allergy Organization estimates a global allergy prevalence of 15-40% by
2030, contributing to the market's revenue. Increased pollution, particularly
in developing countries, is a significant cause of allergies, diagnosable
through various tests, supporting market growth.
The World Health Organization predicts a global asthma
patient count of 400 million by 2025, contributing to the escalating economic
burden of allergies. Direct costs include healthcare and medication expenses,
while indirect costs involve social support, work loss, and lower productivity.
The growing global allergy disease burden will drive market trends.
Allergy Diagnostic
Assay Kits Market: Drive factors
The growth of the Allergy Diagnostic market is propelled by
several key factors:
1. Increasing Prevalence of Rare
Allergies:The
market is driven by a rising incidence of rare allergies globally. As awareness
grows and diagnostic capabilities improve, there is a heightened recognition
and diagnosis of less common allergic reactions.
2. Global Disease Burden of Allergies:The expanding burden of allergies on
a global scale contributes significantly to market growth. Factors such as
environmental changes, dietary habits, and lifestyle choices are escalating the
prevalence of allergies worldwide.
3. Commonly Occurring Allergies:Allergies related to drugs, food,
insects, latex, mold, pets, and pollen are among the most frequently
encountered. The market benefits from the demand for diagnostic tools to
identify and manage these common allergies.
4. Immune System Response and Allergic
Reactions:The
fundamental nature of allergies, where the immune system reacts to substances
it perceives as harmful (allergens), fuels the need for diagnostic assays.
Understanding and identifying these triggers are essential for effective
allergy management.
5. Living Conditions and Hygiene
Hypothesis:The
market is influenced by the "hygiene hypothesis," wherein
increasingly clean living conditions in developed countries may contribute to a
higher incidence of allergies. The lack of exposure to certain germs can impact
immune system development.
6. Global Disparities in Living
Conditions:Varied
living conditions between developed and developing countries play a crucial
role. While overly clean environments in developed nations contribute to
allergies, unsanitary conditions and pollution in developing countries lead to
a different set of allergic challenges.
7. Diagnostic Procedures for Allergy
Detection:The use
of skin tests and blood tests by healthcare providers for the early detection
of allergies supports the growth of the market. This diagnostic approach aids
in identifying the specific type of allergy and guides appropriate medical
interventions.
8. Adoption of Allergy Diagnostic Assay
Kits:The increasing
adoption of allergy diagnostic assay kits is a key driver. These kits offer a
convenient and efficient means of diagnosing allergies, leading to a positive
impact on market share.
9. World Allergy Organization
Projections:Projections by organizations like the World Allergy Organization estimating a
significant increase in global allergy prevalence further contribute to the
growth of the market.
10.World Health Organization Estimates:The World Health Organization's
estimates regarding the increasing number of asthma patients globally
contribute to the market's upward trajectory. Allergies and asthma often share
common triggers, further emphasizing the importance of allergy diagnostics.
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