India Allergy Diagnostics And Therapeutics Market Size & Outlook
India allergy diagnostics and therapeutics market, 2018-2030 (US$M)
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India allergy diagnostics and therapeutics market highlights
- The India allergy diagnostics and therapeutics market generated a revenue of USD 367.3 million in 2023 and is expected to reach USD 683.8 million by 2030.
- The India market is expected to grow at a CAGR of 9.3% 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 367.3 million |
| Market revenue in 2030 | USD 683.8 million |
| Growth rate | 9.3% (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, India accounted for 1.2% 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 55.1% in 2023. Horizon Databook has segmented the India 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 allergy diagnostics and therapeutics market in India is projected to grow over the forecast period due to improving healthcare infrastructure, rising investments by the government and key players for the development of novel drugs & IVD, and increasing expansion of the pharmaceutical sector in the country. For instance, in June 2020, Cadila Pharma launched an anti-allergic drug, Bilastine, in India.
It introduced Bilastine syrup (30 ml) and Bilastine tablets in the strength of 20mg. It is an antihistamine drug that is used in the treatment of allergic rhinitis. Furthermore, the rising population has increased the incidence of various allergic respiratory diseases such as asthma, childhood asthma, and chronic cough, thus positively impacting the market. Some of the key players in the market are Thermo Fisher Scientific, Inc., Danaher, and Sanofi.
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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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India allergy diagnostics and therapeutics market size, by allergen type, 2018-2030 (US$M)
India Allergy Diagnostics And Therapeutics Market Outlook Share, 2023 & 2030 (US$M)
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