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Allergy diagnostics Market: Global Analytical Study, Growth Strategies, Size, Product Type, End User, Geography and Competitive Analysis to 2027

Allergy diagnostics market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 8.7% in the forecast period of 2020 to 2027 and expected to reach USD 413.60 million by 2027 from USD 212.20 million in 2019. Government initiatives to control environmental pollution are the factors for the market growth.

Allergy diagnostic test is done through clinicians to identify allergy reaction in the body of patient from any known substances. Allergy diagnostics tests might trigger mild itching, skin redness and inflammation. Increasing awareness towards allergy diagnostics is augmenting the market growth.

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Increased number of allergy diagnostics models as compared to the past few years will accelerate the market growth. Incidence of allergic diseases has increased in Middle East and North Africa. For instance, According to the Ministry of Health, in Israel, 25-40% of population is suffering from one of the allergic diseases. In Israel, allergic disease is most common and it includes asthma, allergic rhinitis, atopic dermatitis and allergic sensitivity to drugs, insect venom and foods.

Allergy diagnostics cost in respect to testing kits and diagnostic product which is used at the time of allergy test has become more expensive which is expected to hamper the market. Advancement in the technology helps in extending the scope of the new product developments in the allergy diagnostics market. Such policies support allergy diagnostics market growth in the forecast period to 2027.

This allergy diagnostics market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.

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