(PharmaNewsWire.Com, July 27, 2023 ) Maximize Market research expects, the Peanut Allergy Market to grow from USD 0.108 Bn in 2022 to USD 19.5 Bn in 2029 at a CAGR of 110 percent.
Peanut Allergy Market Report Scope and Research Methodology
The Global Peanut Allergy Market Report provides insights into the growing concerns regarding peanut allergies, considered one of the most common causes of allergy attacks with potentially life-threatening consequences. The report utilizes primary and secondary research methods and employs SWOT analysis and PORTER’s five-force model to analyze market dynamics, drivers, opportunities, restraints, and regional insights.
Rising prevalence of peanut allergy in children and the geriatric population. Growing investment in research and development by key players to introduce new medicines for peanut allergy treatments. The high cost associated with peanut allergy treatment drugs and the lack of awareness regarding available treatments might impede market growth.
Peanut Allergy Market Regional Insights
North America currently dominates the peanut allergy market, with the United States experiencing a prevalence of nearly 2% of the population affected by peanut allergies. Europe is expected to grow rapidly, supported by recent drug approvals for peanut allergy treatments.
Food Allergen Testing Market- The market size is expected to grow at 6.78 percent reaching nearly USD 1273.00 Mn. in the forecast period.
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