May 04, 2021
According to the recent research report titled ‘GLOBAL Allergy Diagnostic And Treatment Market 2019-2027’, available with Market Study Report, global allergy diagnostic and treatment market is anticipated to record a CAGR of 5.27% during 2019-2027.
Global allergy diagnostic and treatment market’s explosive growth is primarily driven by rising prevalence of target diseases attributable to air pollution (such as asthma) and food allergies, fueled by sedentary and dietary lifestyles. Furthermore, increasing urbanization in developing countries, rising environmental pollution, growing ozone-harming substance concentrations in the air are adding impetus to the industry progression.
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Rising healthcare expenses, growing interest in IVD tests for the treatment of allergic diseases, and advancements in cutting-edge determination technology are further augmenting worldwide allergy diagnostic and treatment market size.
Speaking of the negatives, strict government restrictions on the use of medical devices, high treatment costs, and lack of awareness are hampering the remuneration scope of the industry.
Citing the regional landscape, the report states that North America is projected to create lucrative prospects for global allergy diagnostic and treatment market, creditable to growing prevalence of allergic diseases and allergy diagnostics like in-vitro blood tests and mounting cases of allergic respiratory peculiarities.