The Asia Pacific Allergy Diagnostics Market would witness market growth of 13.8% CAGR during the forecast period (2022-2028).
Food allergy testing is essential since it enables food providers to list the contents on the packaging. People who have food allergies will be able to stay away from those foods. Some people may experience allergic reactions to a wide range of chemicals. The process of allergy testing is used to identify the specific compounds (allergens) that cause an allergic reaction.
Depending on the allergy, a blood test, a skin test, or an oral food allergen challenge are often utilized procedures. Anaphylaxis, a severe allergic reaction, has the potential to be fatal. It is crucial that allergy tests are carried out by a licensed medical practitioner who can foresee and handle any adverse reactions that may experience.
The Indian government has established FDI-friendly policies and has implemented extensive structural and ongoing changes to enhance the healthcare sector. The Aatmanirbhar Bharat Abhiyaan packages include a number of immediate and long-term health system improvements, such as Production-Linked Incentive (PLI) programmes to increase domestic production of pharmaceuticals as well as medical equipment.
The China market dominated the Asia Pacific Allergy Diagnostics Market by Country in 2021; thereby, achieving a market value of $914 million by 2028. The Japan market would experience a CAGR of 13.1% during (2022 - 2028). Additionally, The India market is exhibiting a CAGR of 14.5% during (2022 - 2028).
Based on End-user, the market is segmented into Diagnostic Laboratories, Academic Research Institutes, Hospital-based Laboratories, and Others. Based on Allergen, the market is segmented into Inhaled, Drug, Food, and Others. Based on Test Type, the market is segmented into In Vivo and In Vitro. Based on Product & Services, the market is segmented into Consumables, Instruments, and Services. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Allergy Diagnostics Market is Projected to reach USD 11.4 Billion by 2028, at a CAGR of 13.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Danaher Corporation, Hitachi chemical Diagnostic Inc., Hycor Biomedical Inc., Lincoln Diagnostics Inc., Omega Diagnostic Llc, Siemens Healthcare Diagnostics, Inc., Thermo Fisher Scientific Inc., Neogen Corporation, Eurofins Scientific Group, and ACON Laboratories, Inc.
By End-user
By Allergen
By Test Type
By Product & Services
By Country
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