Spain Allergy Diagnostics And Therapeutics Market Size & Outlook
Spain allergy diagnostics and therapeutics market, 2018-2030 (US$M)
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Spain allergy diagnostics and therapeutics market highlights
- The Spain allergy diagnostics and therapeutics market generated a revenue of USD 885.5 million in 2023 and is expected to reach USD 1,331.7 million by 2030.
- The Spain market is expected to grow at a CAGR of 6% 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 885.5 million |
| Market revenue in 2030 | USD 1,331.7 million |
| Growth rate | 6% (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, Spain accounted for 2.8% 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 49.54% in 2023. Horizon Databook has segmented the Spain 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 is projected to showcase a significant growth rate over the forecast period due to rising incidence of allergies, growing healthcare infrastructure in the region, and increasing government initiatives to spread awareness about diagnostics & therapeutics related to allergies.
Furthermore, increasing investments by key players in the market to launch new products to expand their dominance in the market. Entry of new startups is further expected to increase the competition in the market.
For instance, Bioherent, a Spain-based company established in 2021, is focusing on developing photonic biosensors for diagnosing drug allergies. Some of the key players in the region are Danaher, GSK, and Pfizer, Inc.
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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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Spain allergy diagnostics and therapeutics market size, by allergen type, 2018-2030 (US$M)
Spain Allergy Diagnostics And Therapeutics Market Outlook Share, 2023 & 2030 (US$M)
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