NEW YORK, November 29, 2017 /PRNewswire/ —
MarketResearch.biz announces publication of its most recently generated research report titled, “Global Allergy Diagnostic Market by Product Type (Assay Kit, Instruments, and Services), Allergen Type (Inhaled Allergen, Food Allergen, Drug Allergen, and Others), End User and Region – Global Forecast to 2026“, which offers a holistic view of the global allergy diagnostic market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2017-2021) is projected to be US$ 11,058.2 Mn, which is expected to increase rather significantly over the latter part of the five-year forecast period.
Allergy occurs when a person’s immune system reacts to substances in the environment that are harmless for most people. Allergy refers to the damaged or hypersensitive immune responses towards substances that either enter or come in contact with the human body, such as food, pollen, dust or fur, and pet dander. Although allergies can develop at any age, the risk of developing allergies is genetic in nature. Some of the most common allergic conditions include hay fever, allergic eyes, asthma, and allergic shock.
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Global Allergy Diagnostic Market: Market Dynamics
According to the report, increasing allergic conditions, and changing lifestyle leading to rise in incidences of allergic diseases are some other key factors fuelling demand of the global allergy diagnostic market. Chemicals used during food production plays an important role in increasing food allergic condition, owing to increase in use of certain medicines contributes to rise in allergies due to antibiotics causing mild skin rashes. Moreover, constantly changing climatic condition, increase in carbon dioxide levels in the environment and increased environmental pollution are major factors expected to drive growth of the global allergy diagnostic market over the forecast period.
However, high investment cost related to development activities for the detection of allergies and new innovative diagnostic test material are some major factors restraining growth of the global allergy diagnostic market.
A major and growing trend, especially in developed countries, is minimal or no use of needle for allergy diagnostic detection test and development of new treatment such as bronchial thermoplasty is expected to drive growth of the global allergy diagnostic market to a significant extent during the forecast period. In addition, growing expenditure on infrastructural development is expected to create a wider scope for