Egg Allergy Market Overview
The worldwide egg allergy market has been progressing at a consistent pace and is likely to grow at a CAGR of 7.10% over the forecast period of 2018-2023. The global egg allergy market is anticipated to expand from USD 1526.8 Mn in 2017 to USD 2304.3 Mn by the end of 2023.
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Egg Allergy is an immune hypersensitivity response to egg proteins. The egg protein triggers an anomalous reaction to the immune system causing symptoms such as nausea, vomiting, rash, runny nose, stomach pain, eczema, wheezing, and in rare cases, anaphylaxis. Egg allergy is a common phenomenon in children and happens to
Egg allergy is very common in children and tends to outgrow with age. In some cases, egg allergy may persevere for a lifetime. Studies reveal that egg allergy has become more obstinate than previously believed. In 2016, a report published by McGill University revealed that egg allergy is common in young children and infants and affects around 1 to 2% of the preschool children. Such increasing instances of egg allergies boost the demand for medications coupled with diagnostic tests. In turn, it drives the global egg allergy market. Egg allergy diagnosis techniques have shown noteworthy developments such as skin test and blood tests which have become easy and timesaving. However, the development of the worldwide egg allergy market might be hindered by the lack of cognizance concerning egg allergy. In developing nations, people are ignorant regarding egg allergies and tend to avoid diagnosis and treatment for the same which restricts the growth in such markets. Furthermore, inaccessibility and poor healthcare infrastructure limit market growth. Also, allergy detection tests such as skin tests and blood tests are costly, and a minor error in the technique can result in huge loss.
Egg Allergy Market Segmentation
The Global Egg Allergy Market has been segmented based on diagnosis & treatment, end user, and age group.
Based on diagnosis & treatment, the worldwide egg allergy market has been segmented into diagnosis and treatment. The diagnosis segment has been sub-segmented into food challenge, blood test, skin test, and others. The treatment segment has been sub-segmented into oral immunotherapy and medication. Medication has been further segmented into epinephrine, antihistamine, and others.
Based on end user, the global egg allergy market has been segmented into research institutes, diagnostic centers, hospitals & clinics, and others.
Based on age group, the global egg allergy market has been segmented into adults (18+ years) and children (0-18 years).
Egg Allergy Market Regional Analysis
Geographically, the global egg allergy market has been spanned across the Europe, Americas, the Middle East & Africa, and Asia Pacific (APAC). The worldwide egg allergy market has been dominated by the Americas which has been sub segmented into South America and North America. North America represents the maximum share of the egg allergy market. Government aid in the form of favorable legislation, coupled with the concentration of key market players in the region drive the growth of the market. Europe represents the second largest market for egg allergy. Growing incidence of egg allergy in the region is a major force in stimulating the market growth in Europe. The European Academy of Allergy and Clinical Immunology (EAACI) projects that the number of people suffering from food allergy has surged to 17 million in the last ten years which creates substantial demand for treatment and diagnosis. Additionally, extensive R&D efforts and high outlay on healthcare are likely to propel the egg allergy market globally.
Egg Allergy Market Key Players
Global egg allergy market has been dominated by key players such as Genetech, Inc. (US), Mylan N.V. (US), Sanofi (France), Alletess Medical Laboratory (US), Creative Diagnostics (US), Kaleo, Inc. (US), HYCOR Biomedical (US), Kaleo, Inc. (US), Impax Laboratories, Inc (US), Impax Laboratories (US), Quest Diagnostics (US), ImmuneTech (US), and Imutest Ltd. (UK).
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