“GLOBAL Allergy Test MARKET REPORT 2017” Purchase This Report by calling ResearchnReports.com at +1-888-631-6977.
The allergy diagnostics market is expected to reach USD X.XX billion by 2021 from USD X.XX billion in 2016, at a CAGR of +12%. The global allergy diagnostics market is segmented based on product, allergen, test, end user, and region. The assay kits segment is expected to register the highest growth rate in the allergy diagnostics market, by product, during the forecast period. The high growth in this segment is attributed to the increase in number of allergens and increasing healthcare expenditure worldwide.
The allergy diagnostics market is segmented based on product, allergen, test, end user, and region. The assay kits segment is expected to account for the largest share of the allergy diagnostics products market in 2016. This segment is also projected to grow at the highest CAGR from 2016 to 2021, owing to the number of allergic diseases.
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Key players in the allergy diagnostics market include bioMérieux SA (France), Danaher Corporation (U.S.), Hitachi Chemical Diagnostics, Inc. (Japan), Siemens AG (Germany), Thermo Fisher Scientific, Inc. (U.S.), Stallergenes Greer (France), HOB Biotech Group Co., Ltd (China), HYCOR Biomedical (U.S.), Lincoln Diagnostics, Inc. (U.S.), and Omega Diagnostics Group PLC (U.K.).
On the basis of product, the allergy diagnostics market is segmented into assay kits, instruments and services. The assay kits segment is expected to account for the largest share of the global market in 2016. Instruments include immunoassay analyzers, luminometers, ELISA analyzers, blot analyzers, scanners, clinical chemistry analyzers, mass spectrometers, centrifuges, and molecular diagnostic equipment. These instruments measure the presence of antigenic products in blood or serum samples through the use of antigen-specific antibodies. Immunoassay analyzers account for largest share of the instruments market owing to its increasing use in allergy diagnostics. However, high cost of instruments hinders its growth.
The major factors contributing to the growth of the allergy diagnostics market include increasing incidences of allergic diseases, rising environmental pollution, increasing healthcare expenditure, and increase in access to medical insurance in the U.S. On the other hand, stringent regulatory policies for validation of medical devices and the highly consolidated market which creates an obstacle for entry of small players are the major factors restraining the growth of this market
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Reason to Buy the Allergy Test Market Research Report:
Based on end users, the allergy diagnostics market is segmented into diagnostic laboratories, hospitals, academic research institutes, and other end users. The diagnostic laboratories segment is expected to account for the largest share of the market in 2016. Increasing prevalence of allergic diseases and the need for developing new therapies will drive the growth of this market.
Geographically, the allergy diagnostics market is dominated by North America, followed by Europe, Asia, and the Rest of the World (RoW). Growth in the North American region is primarily driven by the rising aging population and benefits for youth in health insurance.
The major players in the allergy diagnostics market include Bio Mérieux SA (France), Danaher Corporation (U.S.), Hitachi Chemical Diagnostics, Inc. (Japan), Siemens AG (Germany), Thermo Fisher Scientific, Inc. (U.S.), Stallergenes Greer (France), HOB Biotech Group Co., Ltd (China), HYCOR Biomedical (U.S.), Lincoln Diagnostics, Inc. (U.S.), and Omega Diagnostics Group PLC (U.K.).
The report analysis Market driver, Growing number of fractionating units, Market challenges, Complex and cost-intensive manufacturing, Market trend, Monetary support, Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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