Food Allergy Market is Determined to Grow at a CAGR of 6.6% by 2023
The Global Food Allergy Market is growing at a rapid pace; mainly due to the increasing prevalence of allergies for various types of food. The increasing number of patient pool suffering from food allergy has spurred the growth of the market. Besides, factors such as the spreading awareness towards the availability of treatments, technological advancement, and the rapid adoption of these procedures to treat food allergies are escalating the market on the global heights.
The Global Food Allergy Market is driven by some of the leading players including Intertek Group plc (U.K.), SGS S.A. (Switzerland), TUV SUD PSB.PTE. Ltd. (Germany), Eurofins Scientific (Luxembourg), ALS Limited (Australia), Merieux Nutrisciences Corporation (U.S), Microbac Laboratories Inc (U.S.), AsureQuality Ltd (New Zealand), Symbio Laboratories (Australia), Thermo Fisher Scientific Inc. (U.S.), Romer Labs (Austria), and NEOGEN CORPORATION (U.S.).
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The MRFR analysis is segmented into six key dynamics for the convenience of understanding;
By Allergen Source: Vegetable Allergens, Animal Allergens, and Pseudo Allergens among others.
By Food Tested: Infant Food, Processed Food, Dairy Products & Alternatives, and Seafood & Meat Products among others.
By Tests: Skin Prick Test, Blood Test, and Oral Food Challenge among others.
By Products/Technology: Test Kits, ELISA Systems, Allergen Assays, PCR (Polymerase Chain Reaction), and Allergen Assays among others.
By End-users: Hospitals, Clinics, and Diagnostic Centers among others.
The North American region is the dominating market for food allergy, accounting for a significant market share. The rise in the prevalence of various types of food allergies drives the regional market. Moreover, factors substantiating the growth of the regional market include the presence of a well-developed healthcare sector and huge healthcare expenditures. Furthermore, the presence of key players such as Thermo Fisher Scientific Inc., and Microbac Laboratories Inc., among others influences the regional market growth positively.
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December 03, 2018 – AllerGenis, LLC. (the UK), a recently launched new food allergy diagnostics company published its study report in The Journal of Allergy and Clinical Immunology (JACI) that demonstrate company’s ability to predict, with significant accuracy, milk allergy patients’ outcomes before milk oral immunotherapy treatment (Milk-OIT) is administered.
Company’s novel milk allergy diagnostic assay was used during the study for the purpose of bringing innovative, precision diagnostic solutions to food allergy clinicians. This publication is part of the AllerGenis’ broader effort to create a food allergy diagnostics platform.
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