Kuwait Allergy Diagnostics And Therapeutics Market Size & Outlook
Kuwait allergy diagnostics and therapeutics market, 2018-2030 (US$M)
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Kuwait allergy diagnostics and therapeutics market highlights
- The Kuwait allergy diagnostics and therapeutics market generated a revenue of USD 170.1 million in 2023 and is expected to reach USD 261.1 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 6.3% 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 170.1 million |
| Market revenue in 2030 | USD 261.1 million |
| Growth rate | 6.3% (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, Kuwait accounted for 0.5% 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 Middle East & Africa, Saudi Arabia allergy diagnostics and therapeutics market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 236.0 million by 2030.
Inhaled was the largest segment with a revenue share of 55.09% in 2023. Horizon Databook has segmented the Kuwait allergy diagnostics and therapeutics market based on inhaled, drug, other allergens, food covering the revenue growth of each sub-segment from 2018 to 2030.
Kuwait’s market is projected to grow over the period due to its increasing exports and growing economy. With major advancements in its healthcare infrastructure, the country is tackling the growing prevalence of allergic, infectious, chronic, and lifestyle-associated diseases. Therefore, the rising prevalence of target diseases in the country is a major factor driving the market.
Kuwait is emphasizing early diagnosis and screening for a better treatment outlook. The country launched “National Programme for Healthy Living” for making healthy choices and adopting a healthy lifestyle. The government & nongovernment organizations’ efforts to raise patient awareness and facilitate early detection are fueling the demand for better healthcare infrastructure in the region.
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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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Kuwait allergy diagnostics and therapeutics market size, by allergen type, 2018-2030 (US$M)
Kuwait Allergy Diagnostics And Therapeutics Market Outlook Share, 2023 & 2030 (US$M)
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