China Allergy Diagnostics And Therapeutics Market Size & Outlook
China allergy diagnostics and therapeutics market, 2018-2030 (US$M)
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China allergy diagnostics and therapeutics market highlights
- The China allergy diagnostics and therapeutics market generated a revenue of USD 1,234.8 million in 2023 and is expected to reach USD 2,078.7 million by 2030.
- The China market is expected to grow at a CAGR of 7.7% from 2024 to 2030.
- In terms of segment, inhaled was the largest revenue generating allergen type in 2023.
- Other Allergens is the most lucrative allergen type segment registering the fastest growth during the forecast period.
Allergy diagnostics and therapeutics market data book summary
| Market revenue in 2023 | USD 1,234.8 million |
| Market revenue in 2030 | USD 2,078.7 million |
| Growth rate | 7.7% (CAGR from 2023 to 2030) |
| Largest segment | Inhaled |
| Fastest growing segment | Other Allergens |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Inhaled, Drug, Other Allergens, Food |
| Key market players worldwide | Rohm Co Ltd, Thermo Fisher Scientific Inc, PerkinElmer, BioMerieux SA, Siemens Healthineers AG ADR, Omega Healthcare Investors Inc, Danaher Corp, Alcon Inc, AbbVie Inc, Sanofi SA, Allergy Therapeutics PLC, Pfizer Inc, Teva Pharmaceutical Industries Ltd, GSK PLC, Sun Pharmaceutical Industries, Roche Holding AG, Merck & Co Inc, Astellas Pharma Inc, Epigenomics AG |
Other key industry trends
- In terms of revenue, China accounted for 3.9% of the global allergy diagnostics and therapeutics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan allergy diagnostics and therapeutics market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 683.8 million by 2030.
Inhaled was the largest segment with a revenue share of 55.11% in 2023. Horizon Databook has segmented the China allergy diagnostics and therapeutics market based on inhaled, drug, other allergens, food covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing incidence of allergic diseases such as contact dermatitis, hives, and allergic conjunctivitis, is projected to boost the market growth. Moreover, the rising focus of the companies on various strategic initiatives such as R&D activities to launch novel drugs and diagnostic products and tests, to cater to high unmet medical needs is projected to boost the market growth over the forecast period.
For instance, in November 2020, the China National Medical Products Administration (NMPA) approved Omega Diagnostics’ Omega's food diagnostic test. However, various factors such as lack of proper awareness among people about allergic diseases and the affordability of allergy diagnostics & drugs are projected to negatively impact the market growth over the forecast period.
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Allergy Diagnostics And Therapeutics Market Scope
Allergy Diagnostics And Therapeutics Market Companies
| Name | Profile | # Employees | HQ | Website |
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China allergy diagnostics and therapeutics market size, by allergen type, 2018-2030 (US$M)
China Allergy Diagnostics And Therapeutics Market Outlook Share, 2023 & 2030 (US$M)
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