Allergy Patch Tests Market to Foresee Growth of a CAGR of Over 7% From 2019 to 2026

  • 05 Jun 2019

Global allergy patch test market is forecasted to grow at a CAGR of over 7% during the forecast period 2019 to 2026.

Allergy Patch Tests are done to check whether a particular substance is causing allergic skin irritation. The patch tests involve applying patches with test substances in the form of small or discs to a person’s back.  Patch test does not test for food allergy and hives. This test can be used for atopic dermatitis, eczema, etc. The increase in the level of pollution in different areas has raised the possibility of an allergy. There are various types of allergies such as rhinitis, eye allergy, asthma, skin allergy, etc. Allergy patch test is cost effective, simple and it improves the compliance of patients. The emerging widespread of allergic contact eczema (dermatitis) among the general population has been one of the drivers of the market. Dermatitis requires continuous management as it’s associated with serious complications. The diagnosis is necessary for proper management of dermatitis and the necessity has fuelled the market of allergy patch tests. The rapid evolution of technologies has led to further innovation of existing portfolios, and the increase in awareness of allergic among the general population has further hinted towards the growth of the market. Also, manufactures are more focused on product line expansions to achieve market share in the international market. However, there are some drawbacks with these patches includes the appearance of darker skin after treatment, sometime rash may be reactivated and it became widespread.
 

The global market is dominated by North America due to high awareness and high per capita healthcare expenditure. Europe is the second major shareholder of the global market due to the high widespread allergic reactions. The Asia Pacific represents a high opportunistic market for both domestic and international manufacturers due to the rising incidence of allergic reactions. It expected to register the highest growth rate during the forecast period. It is followed by Latin America and Rest of the World, as they account small fraction due to a highly untapped market. It also represents opportunistic space for international players.
 

Allergy patch tests market players include Chemotechnique MB Diagnostics AB, Mekos Laboratories AS, Crawford Healthcare Limited, HAL Allergy B.V., Quest Diagnostics, and others.

Allergy Patch Tests Restraints
•    Appearance of darker skin after treatment 
•    Reactivation of rashes and its widespread 

Allergy Patch Tests Market Segmentation
 By Indications

•    Uticaria
•    Atopic dermatitis (eczema)
•    Irritant contact dermatitis (eczema)

By End User
•    Clinics
•    Diagnostic Laboratories 
•    Hospitals

By Region: 
•    North America
•    Latin America
•    Europe 
•    Asia and Pacific 
•    Rest of the World 

Competitive Landscape:
•    Tier 1 players- established companies in the market with a major market share
•    Tier 2 players
•    Emerging players which are growing rapidly
•    New Entrants


FutureWise Key Takeaways
•    Growth Aspects
•    SWOT Analysis 
•    Key Trends
•    Key data-points affecting key growth 


Objectives of the Study:
•    To provide with an exhaustive analysis on the global allergy patch tests market by indications, by end user, and by region.
•    To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
•    To evaluate and forecast micro-markets and the overall market.
•    To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East. 
•    To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions. 
•    Profiling of companies to evaluate their market shares, strategies, financial and core competencies.

 

Get unlimited analyst support and customise this study further to your requirements, contact sales@futurewiseresearch.com