Germany Allergy Diagnostics And Therapeutics Market Size & Outlook
Germany allergy diagnostics and therapeutics market, 2018-2030 (US$M)
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Germany allergy diagnostics and therapeutics market highlights
- The Germany allergy diagnostics and therapeutics market generated a revenue of USD 2,350.0 million in 2023 and is expected to reach USD 3,316.4 million by 2030.
- The Germany market is expected to grow at a CAGR of 5% 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 2,350.0 million |
| Market revenue in 2030 | USD 3,316.4 million |
| Growth rate | 5% (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, Germany accounted for 7.5% 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 Europe, Germany allergy diagnostics and therapeutics market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 1,394.7 million by 2030.
Inhaled was the largest segment with a revenue share of 49.51% in 2023. Horizon Databook has segmented the Germany allergy diagnostics and therapeutics market based on inhaled, drug, other allergens, food covering the revenue growth of each sub-segment from 2018 to 2030.
Key drivers fueling the market growth include a significant rise in the prevalence of allergic diseases, increasing adoption of over-the-counter drugs for the treatment of allergies, and rise in self-medication among consumers.
Growing initiatives for research activities and increasing awareness among patients as well as healthcare professionals related to immunotherapy for the treatment of allergies and rising drug approvals are projected to create new opportunities in the region.
For instance, in December 2020, Nestlé announced that it has received the approval of the European Commission for Palforzia, which is a peanut allergy drug that it bought with its acquisition of Aimmune Therapeutics. The company focused on launching the product in the UK and Germany by 2021. Some of the key players in the market are Imupro, Polycheck, Merck & Co., Inc., Sanofi, and Danaher.
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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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Germany allergy diagnostics and therapeutics market size, by allergen type, 2018-2030 (US$M)
Germany Allergy Diagnostics And Therapeutics Market Outlook Share, 2023 & 2030 (US$M)
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