Thailand Allergy Diagnostics And Therapeutics Market Size & Outlook
Thailand allergy diagnostics and therapeutics market, 2018-2030 (US$M)
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Thailand allergy diagnostics and therapeutics market highlights
- The Thailand allergy diagnostics and therapeutics market generated a revenue of USD 55.6 million in 2023 and is expected to reach USD 94.3 million by 2030.
- The Thailand market is expected to grow at a CAGR of 7.8% 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 55.6 million |
| Market revenue in 2030 | USD 94.3 million |
| Growth rate | 7.8% (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, Thailand accounted for 0.2% 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 55.22% in 2023. Horizon Databook has segmented the Thailand allergy diagnostics and therapeutics market based on inhaled, drug, other allergens, food covering the revenue growth of each sub-segment from 2018 to 2030.
Thailand’s allergy diagnostics and therapeutics market is projected to grow at a lucrative rate over the forecast period. The anticipated revenue growth can be attributed to the increasing prevalence of allergic disorders and their burden in the country. Complex disorders of allergies with higher morbidity serve as a huge burden on the healthcare system, thus driving R&D in this market for the launch of novel diagnostic and therapeutic products.
Furthermore, rising air pollution, both indoors and outdoors, has led to a rise in the prevalence of asthma and allergic disorders of the respiratory tract. Moreover, availability of a strong pipeline for immunotherapy products is projected to create new opportunities in the market in the coming years.
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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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Thailand allergy diagnostics and therapeutics market size, by allergen type, 2018-2030 (US$M)
Thailand Allergy Diagnostics And Therapeutics Market Outlook Share, 2023 & 2030 (US$M)
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