Rising instances of ailments resulting from allergies is the primary driver of the global Allergy Diagnostic market. The surging pollution across world on account of changing demographics and increased carbon di oxide emission are the key factors fueling the growth of the gobal allergy diagnostics market. The rising cases of allergies worldwide has warrant demand for better allergy diagnostic procedures. In addition this, the technological developments and innovations in allergy treatment equipment are predicted to ensure a rapid development of the overall market in coming year.
As per a Transparency Market Research report, the global allergy diagnostics is expected to rise at a healthy CAGR of 12.80 percent during the forcast period 2016 to 2024. The market is projected to reach a value of US$3.8 bn by 2024-end.
Increase Demand for In-vivo Tests Propels Global Allergy Diagnostics Market
On the basis of products, the global allergy diagnostics market is segmented into assay kits, instruments and consumables. All the three segments are contributing to the growth of the market whereas consumables accounts maximum share as compared to rest two. And it is likely to hold its position in coming year as well. This is mainly because of the low cost of the product and high production volumes. On the basis of allergen, the global allergy diagnostics market is segmented into inhaled allergens, drug allergens, food allergens, and others. Among them, the inhaled allergens is projected to lead the segments owing to less efficient measures to prevent inhaled allergens. Based on tests, the allergy diagnostics market is segmented into In-vivo tests and In-vitro tests. Among both of them, in-vivo tests is likely to lead the segment because of their affordability, hassle-free procedures, and high degree of efficiency. In the near future too, the segment is expected to maintain its dominance. Based on end users, the market is segmented as hospitals, diagnostic laboratories, academic research institutes, and others.
North America leads the Global Allergy Diagnostics Market
Based on geography, the global allergy diagnostics market is segments into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Among them, North America is supposed to the lead the global market. This is mainly due to the factors like superior healthcare infrastructure and high awaness of the people regarding the allergy treatment in the region. And the presence of countries like U.S. and Canada fueled growth in the region. In future also, North America is expected to hold its position in the global market owing to high investment on cutting-edge research and development to come up with better methods.
The global allergy market depicts a fragmented competitive landscape owing to the presence of numerous players in the market. The key players of the market have adopted innovative strategies like mergers, partnerships, and acquisitions to enhance their market presence and strengthen their market hold. Some of the leading players engaged in the allergy diagnostics market across the globe are Omega Diagnostics Group Plc., Quest Diagnostics Inc., Stallergenes Greer, BioMerieux and Thermo Fisher Scientific Inc..
Allergy Diagnostics Market: Scope and Methodology
Allergy diagnostics includes products and tests that are used to determine the presence of allergens such as grass, weed, peanuts, milk, or drugs etc. in the samples by determining the presence of antibodies developed by the immune system. The report on global allergy diagnostics market, analyzes the current and future prospects of the market. The report consists of an executive summary that provides information about the products, its segments and sub-segments, market opportunity analysis, along with a market snapshot and comparative analysis by geography, in terms of revenue %, for 2015.
A detailed overview of market dynamics, including the drivers, restraints, and opportunities of the allergy diagnostics market, along with porter’s analysis, and value chain analysis, of the global market, has been provided in this report. Market revenue analysis for all the above mentioned segments, and their sub segments has been provided for the forecast period of 2016-2024, considering 2015 as the base year, and 2014 as the historical year, along with compound annual growth rate (CAGR %), for the forecast period of 2016-2024. Market share estimations were based on in-depth analysis and study of products, and their features, prices etc.
This report provides in-depth analysis of the allergy diagnostics market. The stakeholders for this report include companies involved in the manufacturing of products for allergy diagnosis. For providing a snapshot of this market to the stakeholders, executive summary section is included in this report, which summarizes the market size, trends and competition in different regions. Market share analysis among the market players is analyzed to signify percentage share of the major players operating in the allergy diagnostics market. Furthermore, the report incorporates market attractiveness analysis by geography that depicts the most attractive and significant region in the global market in 2015.
The research methodology is a combination of primary and secondary research. Primary research includes information collected via e-mails, and telephonic interviews of Key Opinion Leaders (KOL), and forms the bulk of our research. Secondary research includes information collected from various sources, by study of company websites, annual reports, stock analysis presentations, press releases, and various national and international databases.
Allergy Diagnostics Market: Segmentation
Based on products, the global allergy diagnostics market has been segmented into assay kits, consumables and instruments. The instruments considered in the study include blot analyzers, luminometers, mass spectrometers, ELISA analyzers, immunoassay analyzers etc. Based on allergen type, the allergy diagnostics market is segmented into inhaled allergens, food allergens, drug allergens, and others. Based on tests, the allergy diagnostics market is segmented into In-vivo tests and In-vitro tests. Based on end users, the market is segmented as hospitals, diagnostic laboratories, academic research institutes, and others.
Based on geography, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The regions are further segmented into major countries which include, U.S., Canada, Germany, U.K., France, Italy, Spain, rest of Europe, China, Japan, India, Australia, Rest of Asia Pacific, Brazil, Mexico, Rest of Latin America, Saudi Arabia, South Africa, and Rest of Middle East & Africa.
Allergy Diagnostics Market: Competitive Landscape
The report also comprises list major players in the market, their SWOT analysis, market share of these players in the Allergy Diagnostics market, key business strategies, product portfolios, and recent developments. Key market players profiled in this report include, Thermo Fischer Scientific, Inc., Quest Diagnostics, Inc., BioMerieux SA, Stallergenes Greer, Omega Diagnostics Group Plc, Siemens Healthineers, and HAL Allergy group, among others.
The global allergy diagnostics market has been segmented as follows:
Global Allergy Diagnostics Market, by Product
- Assay Kits
Global Allergy Diagnostics Market, by Allergen Type
- Inhaled Allergens
- Food Allergens
- Drug Allergens
Global Allergy Diagnostics Market, by Tests
- In-vivo tests
- In-vitro tests
Global Allergy Diagnostics Market, by End-users
- Diagnostic Laboratories
- Academic Research Institutes
Global Allergy Diagnostics Market, by Geography
- North America
- Rest of Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of Middle East & Africa