Egg Allergy Market Players, Trends, Analysis, Segmentation and Forecast till 2030
The egg
allergy market is anticipated to reach USD 2016.43 Million by
2030 at 6.90% CAGR during the forecast period 2022-2030.
Egg allergy is
caused by a protein in eggs which triggers an abnormal reaction to the immune
system such as rash, vomiting, eczema, stomach pain, wheezing, runny nose,
nausea, and in rare cases, anaphylaxis. Egg allergy is very common in children
and tends to outgrow with age, even though in some cases, egg allergy may
persist for a lifetime. Recent studies indicate that egg allergy has become
more persistent than previously believed. According to the report
published by, McGill University in2016, egg allergy is common in infants and
young children and affects 1 to 2% of the preschool children. Such a rise in
incidences of egg allergies increase the demand for diagnostic tests and
medications and spur the growth of the global egg allergy market. Egg allergy
diagnosis procedures have shown noteworthy developments such as skin test and
blood tests which have become easy and time-saving. For instance, in August
2018, Creative Diagnostics has developed a set of humanized monoclonal
antibodies (IgM, IgG or IgA) that can be used as calibrators, positive,
negative, or quality controls in assay development and manufacturing of
diagnostic kits. Conversely, the growth of the global egg allergy market might
be hampered by a lack of awareness regarding egg allergy. In developing
countries, people are negligent towards egg allergies and tend to avoid
treatment and diagnosis for the same which limits the market growth in such
regions. Also, poor healthcare infrastructure and inaccessibility restrain
market growth. Also, allergy detection tests such as blood tests and skin tests
are expensive, and a small error in the procedure can cause huge loss. Skin
tests cost around USD 60 to 300 while blood tests can go up to USD 200 to 1000
which cannot be afforded by everyone. Furthermore, allergy tests are not
generally covered under health insurance policies. Thus, unfavorable
reimbursement policies and high costs associated with allergy diagnostic tests
constrain the growth of the market to a large extent. Technological advancements
in screening procedures provide favorable backgrounds for the growth of the
market while technical difficulties associated with them are likely to pose a
challenge for the market growth.
Major Key
Players:
Mylan N.V. (US), Genetech, Inc. (US), Sanofi
(France), Creative Diagnostics (US), Alletess Medical Laboratory (US), HYCOR
Biomedical (US), Kaleo, Inc. (US), Impax Laboratories, Inc (US), Kaleo, Inc.
(US), Quest Diagnostics (US), Impax Laboratories (US), Imutest Ltd. (UK), and
ImmuneTech (US) are the Egg
Allergy Market Players.
Segment Analysis
The Global Egg Allergy Market has been segmented based on age group,
diagnosis & treatment, and end user.
By age group, the Global Egg Allergy Market has been segmented into
children (0-18 years and adults (18+ years).
By diagnosis & treatment, the global egg allergy market has been
segmented into diagnosis and treatment. The diagnosis segment has been further
segmented into skin test, blood test, food challenge, and
others. The treatment segment has been further segmented into medication
and oral immunotherapy. The medication
sub-segment has been further segmented into antihistamine, epinephrine, and
others.
By end user, the Global Egg Allergy Market has been segmented into
hospitals & clinics, diagnostic centers, research institutes, and others.
Regional Analysis
Regionally, the Global Egg
Allergy Market is spanned across the Americas, Europe, Asia Pacific (APAC), and
the Middle East & Africa. The Global Egg Allergy Market is dominated
by the Americas which has been further segmented into North America and South
America. North America accounts for the maximum share of the North America
market. Government support in the form of favorable legislation, coupled with
the concentration of prominent market players in the region aid the growth of
the market. Europe is the second largest market for egg allergy.
Increasing prevalence of egg allergy in the region is a prime factor in
boosting the market growth in Europe. The European Academy of Allergy and
Clinical Immunology (EAACI) estimates that the number of people suffering from
food allergy has increased to 17 Million in the last ten years which generates
considerable demand for diagnosis and treatment. Besides, rigorous R&D
efforts and high expenditure on healthcare could drive the market in Europe.
APAC is poised to emerge as the
fastest growing market for egg allergy at a CAGR of 8.71% over the forecast
period. Growing innovation in the field of allergen-free food products, growing
awareness, and faster adoption of new technologies spur the market in
APAC. The MEA market is anticipated to register a CAGR of 5.70% over the
forecast period due to limited access to healthcare in the developing
countries. However, the Middle East market is likely to showcase moderate
growth on account of improving healthcare infrastructure.
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