Allergy Diagnostics Market Size
The size of the global allergy diagnostics market is forecasted to hike at a CAGR of 11.2% between 2020 to 2025 and was worth USD 4.25 Billion in the year 2019.
Allergy diagnostics give accurate steps to treat allergies. These tests are highly accurate, which gives convenient results when compared with the other diagnostic procedures. In drug development, this process is very helpful in developing quality drugs in favor of the end-users. It is important to perform skin tests and blood tests to diagnose the allergy type and treat it accordingly. One of key market participants in this market space, Siemens Healthcare Diagnostics, is planned to launch innovative procedures with the next generation of chemistry and immunoassay systems to reach a high workflow in the United Kingdom.
Key market drivers:
Increasing the children’s population over 14 years that are more eligible to get infected with allergies is propelling the market’s demand. Government initiatives in providing better treatment procedures in rural areas are greatly influencing the demand of the market. The rise in the awareness among people and prevalence for early detection of allergies is likely to fuel the allergy diagnostics market’s growth rate. Also, growing expenditure on healthcare, especially in urban areas, is anticipated to prompt the market’s demand. Adopting the latest technologies and introducing new products are lucrative to bolster the shares of this market extensively.
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Significant Challenges:
However, the high cost for the treatment procedures is slightly impeding the demand of the market. In addition, the government’s strict rules and regulations in approving new procedures in diagnostics are limiting the growth rate of the market.
Impact of Covid-19 On the Global Allergy Diagnostics Market:
The COVID-19 outbreak has shown a negative impact on every platform except for the healthcare sector. Allergy diagnostic market is growing enormously since the COVID-19 pandemic is started. The patients affected with COVID-19 may show different symptoms, and it is worse in people with asthma. Allery diagnostics helps in improving the immunology of the patient and also helps to give proper treatment. There are several clinical trials in the row to develop a vaccine for this virus, where allergy diagnostics procedure is also one that helps the professionals in developing a drug or vaccine. There is a need to manage the patients suffering from allergies and asthma, as COVID-19 can affect them highly. Hence, the demand for the allergy diagnostics market is surging due to the COVID-19 outbreak.
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This research report on the global allergy diagnostics market has been segmented & sub-segmented into the following categories:
Allergy Diagnostics Market – By Product & Service:
- Assay Kits
- Instruments
- Immunoassay Analyzers
- Luminometers
- ELISA Analyzers
- Other Instruments
- Services
Allergy Diagnostics Market – By Test Type:
- In-Vivo Tests
- In-Vitro Tests
Allergy Diagnostics Market – By Allergen:
- Inhaled Allergens
- Food Allergens
- Drug Allergens
- Other Allergens
Allergy Diagnostics Market – By End User:
- Diagnostics Laboratories
- Hospital-based Laboratories
- Academic and Research Institutes
Allergy Diagnostics Market – By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
Geographically, North America is leading the global allergy diagnostics market with dominant shares from the past few years, and it is expected to continue the same growth rate during the forecast period. The US is holding prominent shares among other countries owing to the increasing economy. The launch of various products in healthcare is also prompting the demand of the market.
The Asia Pacific is next to North America in ruling the market. The increasing population and rise in the number of asthma patients are ascribed to propel the allergy diagnostic market’s demand in this region. China is thriving to lead the dominant shares of the Market, By adopting the latest technologies and on-going research on the development of orphan drugs.
Europe is esteemed to have the highest CAGR by 2025. Escalating healthcare expenditure and the rise in the economy in developed countries are major factors for the market to grow in this region. The quick adoption of new technologies in laboratories to boost up the turnaround time is elevating the demand of the allergy diagnostics market.
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Key Market Participants:
Companies that are playing a dominating role in the allergy diagnostics market profiled in this report are Thermo Fisher Scientific Inc. (United States), Siemens AG (Germany), Danaher Corporation (United States), Omega Diagnostics Group PLC (United Kingdom), Hitachi Chemical Co., Ltd. (Japan), bioMérieux SA (France), Stallergenes Greer (United Kingdom), HOB Biotech Group Suzhou Co., Ltd. (China), HYCOR Biomedical (United States) and Lincoln Diagnostics, Inc. (United States).
List of Tables and Figures of the report:
- Global Allergy Diagnostics Market, By Region, From 2019-2025 (USD Million)
- Global Allergy Diagnostics Market, By Product & Service, From 2019-2025 (USD Million)
- Global Assay Kits Market, By Region, From 2019-2025 (USD Million)
- Global Instruments Market, By Region, From 2019-2025 (USD Million)
- Global Services Market, By Region, From 2019-2025 (USD Million)
- Global Allergy Diagnostics Market, By Test Type, From 2019-2025 (USD Million)
- Global In-Vivo Tests Market, By Region, From 2019-2025 (USD Million)
- Global In-Vitro Tests Market, By Region, From 2019-2025 (USD Million)
- Global Allergy Diagnostics Market, By Allergen, From 2019-2025 (USD Million)
- Global Inhaled Allergens Market, By Region, From 2019-2025 (USD Million)
- Global Food Allergens Market, By Region, From 2019-2025 (USD Million)
- Global Drug Allergens Market, By Region, From 2019-2025 (USD Million)
- Global other Allergens Market, By Region, From 2019-2025 (USD Million)
- Global Allergy Diagnostics Market, By End-User, From 2019-2025 (USD Million)
- Global Diagnostics laboratories Market, By Region, From 2019-2025 (USD Million)
- Global Hospital-based Laboratories Market, By Region, From 2019-2025 (USD Million)
- Global Academic Laboratories Market, By Region, From 2019-2025 (USD Million)
+152 more
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