The Global Egg Allergy Market 2020 is planning to prepare to boost its investments as it seeks to hit a 7.10% hike target in the face of the economic slowdown caused by the Coronavirus pandemic. Market Research Future accumulates the figures and focuses on the study over the Global Egg Allergy Market. The report states that the market will be gaining USD 2304.3 Million by 2023. The growth period is calculated to be between 2017 and 2023.
According to MRFR, the egg allergy market in developing regions is witnessing a growth in terms of its adoption rate, owing to enhanced allergy diagnosis, improved healthcare infrastructure, and rising cases of egg allergy. Eggs are the most common allergy-causing agents, mainly in children. Symptoms of egg allergy can occur instantly or within a few minutes or a few hours. Egg allergy can influence both infants and adults. The unpleasant possessions of egg allergy can fluctuate from hives or rashes to a severe allergic reaction known as anaphylaxis. Egg allergy occurs when there is an overreaction to eggs by the immune system. The immune system identifies egg proteins as injurious and triggers an allergic reaction.
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As per estimates, almost two percent of children are allergic to eggs. However, about 70% of these children are fortunate enough to be able to outgrow the allergy by the time they turn 16. However, numerous therapy options are under clinical trials to provide relief to patients. This factor advances the Egg allergy market. Escalating the tolerance of the immune system to allergens through oral tolerance induction is under simulations and promises a better egg allergy market landscape. In addition to this, current trials have indicated a widely heated egg, which was tolerated by a maximum Egg allergic patient pool.
The Egg allergy treatment landscape consists of symptomatic therapies that convey relief from the symptoms. Such as, antihistamines are approved to treat the symptoms for egg allergy. Initially, epinephrine (adrenaline) is injected, which helps in tackling anaphylaxis. These factors have also influenced the market to develop and are likely to continue to expand in the forecasted period.
Top Players
The top players in the global egg allergy market are Genentech, Inc. (the US), Sanofi SA (France), ImmuneTech (US), Quest Diagnostics (US), Kaleo, Inc. (the US), HYCOR Biomedical (US), Creative Diagnostics (US), Alletess Medical Laboratory (US), Mylan NV (US), Imutest Ltd (UK), and Impax Laboratories (US).
Market Segmentation
The Global Egg Allergy Market has been segmented based on diagnosis & treatment, end user, and age group.
- Based on Diagnosis & treatment, the worldwide egg allergy market has been segmented into diagnosis and treatment. The diagnosis segment has been sub-segmented into food challenge, blood test, skin test, and others. The treatment segment has been sub-segmented into oral immunotherapy and medication. Medication has been further segmented into epinephrine, antihistamine, and others.
- Based on End user, the global egg allergy market has been segmented into research institutes, diagnostic centers, hospitals & clinics, and others.
- Based on Age group, the global egg allergy market has been segmented into adults (18+ years) and children (0-18 years).
Regional Analysis
The Americas might lead the global egg allergy market during the forecast period, mainly due to mounting government support and initiatives and a large number of American companies such as Abbott, Mylan, Impax Laboratories, and Kaleo Inc. They are highly engaged in manufacturing products to treat egg allergy.
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The European market for egg allergy also might gain the second-largest position during the forecast period. The escalating awareness of egg allergy and rising concerns about the safety of children is probable to boost the growth of the market.
Asia-Pacific is estimated to be the fastest-emerging market owing to the presence of countries such as Korea, China, and Japan, which have high adoption rates for new technologies. Moreover, a large pool of the population, intact markets, and favorable government policies are possible to provide excellent opportunities for market players in this region.
