The Global Food Allergy Market is growing at a rapid pace; mainly due to the increasing prevalence of allergies for various types of food. The market for food allergy in emerging markets of Asia is flourishing, and the demand for various food allergy treatments is expected to rise in the recent future. Technological advancement is also playing an important role in this market by providing effective diagnostic and treatment options that are leading to the high success rate of food allergy treatments. Changing healthcare practices and increasing healthcare expenditure are creating a path for the growth of this market.
Global Key Players and Competition Analysis
The Global Food Allergy Market is driven by some of the leading players including Intertek Group plc (U.K.), SGS S.A. (Switzerland), TUV SUD PSB.PTE. Ltd. (Germany), Eurofins Scientific (Luxembourg), ALS Limited (Australia), Merieux Nutrisciences Corporation (U.S), Microbac Laboratories Inc (U.S.), AsureQuality Ltd (New Zealand), Symbio Laboratories (Australia), Thermo Fisher Scientific Inc. (U.S.), Romer Labs (Austria), and NEOGEN CORPORATION (U.S.).
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Industry Advancements/Related News
December 03, 2018 – AllerGenis, LLC. (the UK), a recently launched new food allergy diagnostics company published its study report in The Journal of Allergy and Clinical Immunology (JACI) that demonstrate company’s ability to predict, with significant accuracy, milk allergy patients’ outcomes before milk oral immunotherapy treatment (Milk-OIT) is administered.
Company’s novel milk allergy diagnostic assay was used during the study for the purpose of bringing innovative, precision diagnostic solutions to food allergy clinicians. This publication is part of the AllerGenis’ broader effort to create a food allergy diagnostics platform.
Regional Analysis
The market appears to be diversified and fiercely competitive with the presence of numerous well-established players having the international presence. These players are investing heavily for the global expansion. Strategic initiatives such as collaboration, acquisition, expansion, product launch, and partnership come forward as key trends among the market players.
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