According to the new market research report “Allergy Diagnostics Market (Type – Food Allergen, Inhaled Allergen, Drug Allergen, and Others; Product Type – Consumables, Assay Kits, and Instruments; End User – Hospitals, Laboratories, and Academics): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025” The global allergy diagnostics market has observed continuous growth in the past few years and is expected to grow with CAGR of 14.2% over 2019 to 2025. The market size of the allergy diagnostics market in 2018 was approximately USD 1800 Million and is expected to reach USD 3552 Million over the forecast period.
Growing interest among the general public concerning the diagnosis and management of the allergic disease is augmenting the growth of the allergy diagnostics market. Furthermore, the growth in the allergy diagnostics market is also due to the increasing number of cases of allergies and the significant rise in morbidity globally.
Request Report Brochure: https://www.infiniumglobalresearch.com/reports/sample-request/5674
Major Key Players in the Allergy Diagnostics Industry
Some of the leading players in the allergy diagnostic market are Thermo Fischer Scientific, Inc., Quest Diagnostics, Inc., BioMerieux SA, Omega Diagnostics Group Plc., Siemens Healthineers, Lincoln Diagnostics, Inc., Hitachi Chemical Diagnostics, Inc., Stallergenes Greer plc, Hycor Biomedical Inc., and Hob Biotech Group Co. Ltd. and several others. Companies are highly focusing on the development of new products. Biolab, a leading diagnostic laboratory in the Middle East launched the “Middle East 2 Jordan Food Panel”, a newly designed food allergy test customized to Jordan’s population and the Middle East region.
The increasing burden of allergic diseases coupled with changing lifestyles of people is expected to boost the allergy diagnostic market globally, according to CDC report More than 50 million Americans suffer from allergies each year. Rising Environmental Pollution Levels, unhealthy food intake results in increased allergy cases. Furthermore, High Incidence and huge Economic Burden of Allergic Diseases and increased demand for accurate diagnostic tests contributing to the growth of the market. However, less awareness related to allergic diseases, concerns related to the affordability of allergy diagnostics instruments in several small clinics can hamper the growth of the market. On the other hand presence, few players in the market provide ample opportunity for new investors with cost-efficient diagnosis tools in the market.
Speak to our Research Expert: https://www.infiniumglobalresearch.com/reports/enquiry/5674
Allergy Diagnostics Market: Segmentation
The allergy diagnostics market is segmented by allergen type, product type and end-user. Allergen types are categorized into inhaled allergens, food allergens, drug allergens, and others. Inhaled allergens accounted for the sizeable share of the global allergy diagnostics market this is mainly due to increasing air pollution level across the globe. Based on the Product type the segment divided into Assay Kits, Instruments and Services. Assay kits hold a considerable share in the market, easy availability and significant use of assay kits in allergy testing. End-user segment sub-segmented into diagnostic laboratories, hospital-based laboratories, academic research institutes and others. Increased number of diagnostic centres with sophisticated facilities and increasing preference towards diagnostic centres for allergy test dominates diagnostic laboratories in the global market.
North America to Grow at a Significant CAGR During the Forecast Period
Geographically allergy diagnosis market divided into North America, Europe, Asia-Pacific, Latin America and RoW. North America holds the largest share in the global allergy diagnostics market, factors like the rising number of allergy cases, use of advanced diagnostic technologies contributing to the growth of the market in this region. Asia Pacific region anticipated to register high growth during the forecast period, increased number of hospitals and diagnostic laboratories, large patient pool and growing healthcare expenditure are the reasons for the growth of the market in this region.
Browse In-depth TOC on ” Allergy Diagnostics Market“
About Infinium Global Research
Infinium Global Research and Consulting Solutions is started with a single motto of being a business partner of the first choice. We at Infinium work on the strengths of our clients to ensure we help them consolidate their market position. We firmly believe in the fact that ‘if you are able to develop newer opportunities then you find there is no dearth of opportunities for you. With our strategic research approaches and deep dive in the market segments, we try to find out new opportunities that our clients can encash with their existing resources. Our experts with over 100 years of cumulative experience in research offer the best in the industry services to our clients to ensure that they achieve their business goals.
Infinium Global Research
Visit Our Website: https://www.infiniumglobalresearch.com