Food Allergy Diagnostics & Therapeutics Market Worth $4.71 Billion By 2026: Grand View Research, Inc.

Read 120 page research report with ToC on "Food Allergy Diagnostics & Therapeutics Market Size, Share, & Trends Analysis Report By Product Type (Therapeutic), By Allergen Source (Peanut), By End Use (Hospitals & Clinics), By Region, And Segment Forecasts, 2019 - 2026" at: https://www.grandviewresearch.com/industry-analysis/food-allergy-diagnostics-therapeutics-market Read 120 page research report with ToC on "Food Allergy Diagnostics & Therapeutics Market Size, Share, & Trends Analysis...

Read 120 page research report with ToC on "Food Allergy Diagnostics & Therapeutics Market Size, Share, & Trends Analysis Report By Product Type (Therapeutic), By Allergen Source (Peanut), By End Use (Hospitals & Clinics), By Region, And Segment Forecasts, 2019 - 2026" at: https://www.grandviewresearch.com/industry-analysis/food-allergy-diagnostics-therapeutics-market

There are more than 160 foods that can lead to allergic reactions; however, only 8 most common allergens have been identified by the FDA. These include eggs, milk, peanuts, soy, tree nuts, wheat, shellfish, and fish. Some of the other allergens are corn, meat, gelatin, seeds, spices, and fruits & vegetables. Based on Food Allergy Research and Education (FARE) 2016 data, around 15 million people in the U.S. have food allergy. Ingestion of any of the common allergens might lead to anaphylaxis, a life-threatening allergic reaction, which might further result in anaphylactic shock. Every year, around 2,000 hospitalizations, 30,000 emergency room visits, and 150 deaths due to anaphylaxis are recorded in the U.S.

However, administering epinephrine using an auto-injector during the early stage of anaphylaxis might help avoid any serious complications. Treatment for food allergy costs around USD 25 billion annually in the U.S. Development of cost-effective in vitro diagnostic tests for detection of allergy is expected to fuel the demand for diagnostic products.

Grand View Research has segmented the food allergy diagnostics & therapeutics market on the basis of product type, allergen source, end use, and region:

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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