Global Allergy Diagnostics Market Size was valued nearly USD 2.66 billion by 2016 and is estimated to reach up to USD xx.xx billion by 2025. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 11.1% during the forecast period that is 2017-2025 due to increasing demand from end user hospital, diagnostic and laboratory sectors as well growing awareness regarding personal healthcare and diseases.   

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

Allergies, also known as allergic diseases, are a number of conditions caused by hypersensitivity of the immune system to typically harmless substances in the environment. Common allergens include pollen and certain food. Metals and other substances may also cause problems. Food, insect stings, and medications are common causes of severe reactions. Their development is due to both genetic and environmental factors. The underlying mechanism involves immunoglobulin E antibodies (IgE), part of the body's immune system, binding to an allergen and then to a receptor on mast cells or basophils where it triggers the release of inflammatory chemicals such as histamine.

Market Dynamics

Allergy Diagnostics market is estimated to value at USD 2.8 billion from 2017-2025. The global allergy diagnostics market growth is majorly driven by the high prevalence of allergic ailments such as asthma, food allergy, allergic rhinitis, sinusitis, and other respiratory allergies. Allergies are the 6th leading cause of chronic illness in the U.S. For a case, according to the Asthma and Allergy Foundation of America, approximately More than 50 million Americans have experienced various types of allergies each year. Moreover, according to the same reports, globally around 15% of the populations are affected by allergic rhinitis.

Growing prevalence of allergies among the global population is anticipated to drive the growth of the global market significantly. Moreover, growing government support and initiatives for development of diagnosis, novel therapies, and vaccines along with high R&D inventiveness for expansion of advanced diagnostic and treatment techniques are expected to fuel the growth of this market in the forecast period. However, high cost for allergy tests and unobtainability of the tests kits are the factors that are expected to hinder the market growth.

Segment Analysis 

On the basis of products, the global Market Share is segmented into Assay Kits, Instruments, and Consumables. Consumables segment dominated the overall industry in 2017 in as it is an essential component of allergy detection. Advancement in technology for allergen microarray kits and ELISA kits, which are more sensitive and bids adapted patient profiling & monitoring. On the basis of allergen, the global market is segmented into Food, Inhaled, Drug.

On the basis of the test, the global market is segmented into in vitro and in vivo tests. Due to linked benefits such as wider availability and sensitivity, time efficiency, and ease of use for clinically valid allergies, in vivo segment is estimated to dominate the market. In vitro test segment is predicted to grow significantly in forecast period majorly due to growing demand for increasing lab automation and a reduced amount of invasive diagnostic methods coupled with highly sensitive & accurate results. While, on the basis of the end user, the global allergy diagnostics market is segmented into Hospital and Diagnostic Laboratory.

Regional Analysis

Geographically, North America is estimated to dominate the allergy diagnostics market. The high occurrence of allergic ailments, rising awareness demanding proper allergy diagnostics and increasing acceptance of in vitro blood tests are attributing to the largest market share in North America. However, Asia-Pacific, on the other hand, is anticipated to dominate the global market shares in the forecast period. This is majorly due to the existence of high clinical unmet needs, developing healthcare organization and rising demand for minimally invasive diagnostic procedures.

Global Allergy Diagnostics Market Size, Share Analysis By Region 2017

Global Allergy Diagnostics Market Study Objective

1. To forecast the market size of allergy diagnostics market, along with describing and defining the market, in terms of volume and revenue.

2. Market analysis and forecast of allergy diagnostics market on the basis of region, substrate and application or end-use industry.

3. To analyze and elaborate significant factors that will have major impact on the growth of allergy diagnostics market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of allergy diagnostics market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the allergy diagnostics market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

7. Analysis of market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

8. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

Key Players

Major key players in global Allergy Diagnostics Market includes bioMerieux, Thermo Fisher Scientific, Danaher Corporation, Omega Diagnostics, Hitachi Chemical Diagnostics, Stallergenes Greer, Siemens Healthcare, Lincoln Diagnostics, Hycor Biomedical, HOB Biotech Group and Alcon Laboratories among others.

Global Allergy Diagnostics Market Study Report Offer You!

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