Food Allergy Diagnosis and Treatment Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Food allergy is a condition or reaction in which the immune system treats a normal harmless type of food as some dangerous virus, bacteria, or other infectious agents. The immune system causes mild rashes, abdominal pain, and sometimes life-threatening complications called anaphylactic shock in response to a food allergy. Food allergies are primarily caused due to foods such as milk, soy, wheat, eggs, tree nuts, fish, shellfish, and peanuts. It is common among children than adults.

MARKET SCOPE

The "Global Food Allergy Diagnosis and Treatment Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the food allergy diagnosis and treatment market with detailed market segmentation by food soure, type, application, and geography. The report provides key statistics on the market status of the leading food allergy diagnosis and treatment market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

- Based on food source, the global food allergy diagnosis and treatment market is segmented into milk, eggs, peanuts, wheat, soy, tree nuts, seafood and others.
- Based on type, the market is segmented into skin prick test, blood test, food elimination test, polymerase chain reaction (PCR), enzyme-linked immunosorbent assay (ELISA) and others.
- On the basis of application, the market is bifurcated into antihistamines, adrenalin and corticosteroids.

MARKET DYNAMICS

Drivers:

- The increasing prevalence of food allergies drives the food allergy diagnosis and treatment market growth.
- Growing awareness regarding food-borne allergies fuels market growth.
- Rapid technological advancements and high research and development initiatives to develop advanced diagnostic techniques boost the market growth.

Restraints:

- High cost associated with the food allergies treatment.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The food allergy diagnosis and treatment market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the food allergy diagnosis and treatment market in these regions.

IMPACT OF COVID-19 ON FOOD ALLERGY DIAGNOSIS AND TREATMENT MARKET

COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The outbreak of the Corona pandemic has bought a change in the life of every individual and business. Continuous lockdowns in order to prevent the spread of the virus have made the situation even more vulnerable. Also, there were disruptions in the supply chain due to the halt in global operations that impacted the food allergy treatment market growth. Although, telehealth medium has been utilized for delivering allergy services within a risk-stratified context of the SARS-CoV-2 pandemic. Therefore, the market witnessed a slow growth in the forecast period.

MARKET PLAYERS

The report covers key developments in the food allergy diagnosis and treatment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from food allergy diagnosis and treatment market are anticipated to have lucrative growth opportunities in the future with the rising demand for food allergy diagnosis and treatment in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the food allergy diagnosis and treatment market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

- Microbac Laboratories, Inc.
- SGS S.A.
- TÜV SÜD
- Intertek Group PLC
- ALS Limited
- AsureQuality Limited
- Merieux NutriSciences Corporation
- Eurofins Scientific SE
- Aimmune Therapeutics
- Neogen Corporation

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Food Allergy Diagnosis and Treatment Report Scope