According to Stratistics MRC, the Global Allergy Diagnostics Market is accounted for $2.70 billion in 2015 and is expected to reach $6.29 billion by 2022 growing at a CAGR of 12.8% during the forecast period. Factors such as rising healthcare expenses, growing environmental pollution, increasing geriatric population and huge financial burden of allergic diseases are fueling the market growth. However, stringent regulations and huge capital investments are hampering the market.
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The assay kits segment commanded the largest share of the global market and is also anticipated to grow at the fastest CAGR due to the growing count of allergic diseases. North America dominated the global market owing to the increasing aging population and rising pollution due to urbanization in the region. However, the Asia Pacific is expected to grow at a faster pace due to the presence of largely untapped market.
Some of the key players in allergy diagnostics market include Siemens AG, Danaher Corporation, Omega Diagnostics Group PLC, HYCOR Biomedical, HOB Biotech Group Co., Ltd, Hitachi Chemical Diagnostics, Inc., Stallergenes Greer, BioMérieux, Thermo Fisher Scientific, Inc., Lincoln Diagnostics, Inc., Allercheck Inc., Bio-Diagnostics Ltd., SmartPractice Denmark ApS, ERBA Mannheim Group, Terumo Medical Corporation and Diagenics Ltd.
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