Allergy Diagnostics Market – To Reckoned Double Digit CAGR of 12 % By 2026

Immune system response to particular substances present in the environment, which are known as allergens is called as allergy of that particular substance. There are various types of allergens present in environment, such as dust mites, pollen, insects, some medicines, some foods, and many more.

There are two type of test viz. in–vivo and in–vitro, followed by healthcare professionals to diagnose allergy type, which includes various type of tests, such as immunoassay test, Elisa test and skin prick test.

The global allergy diagnostics market was valued at US$ 1,732.6 Mn in 2017, and is expected to register a CAGR of over 12%.

Increasing environmental pollution across the globe and increasing incidence of individual suffering from various type of allergy are key factors driving growth of the global allergy diagnostics market. In addition, strategic collaborations among leading market players, and increasing use of antibiotics, which further induce mild allergic reactions are other factors supporting growth of the target market.

However, high cost associated research and development activity for development of new diagnostic test is hampering growth of the global allergy diagnostics market. Also, low awareness about allergy diagnostic test among the individual staying in rural area of developing countries such as India and China is limiting growth of the allergy diagnostics market in those countries.

The global allergy diagnostics market report has been segmented on the basis of product type, allergen type, end user and region. On the basis of product type, the global market is segmented into assay kits, instruments and services. Assay kits witness highest CAGR of over 13%, owing to high preference for assay kits in allergy testing by medical practitioners and high product availability across the globe.

On the basis of allergen type, inhaled allergen segment is expected to register highest revenue as well as CAGR of over 12%, as it is a most common type of allergy causes due to immediate hypersensitivity reaction.

Among all the end user, laboratories segment is expected to contribute major revenue share and expected to maintain its dominance over the forecast period. Also, laboratories witness highest CAGR of over 12% during the forecast period 2017–2026.

On the basis of region, the global allergy diagnostics market is segmented into North America, Europe, Asia Pacific, Latin America, and Rest of the World.

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The market in North America accounted for highest revenue share in the global allergy diagnostics market, owing to high awareness about allergy diagnostic test among individuals in the region. The Europe market accounted for second-highest revenue share, followed by markets in Asia Pacific, Latin America, and Rest of the World. Moreover, Asia Pacific market is projected to witness fastest growth in terms of revenue registering highest CAGR over the forecast period. North America market is expected to dominate the global allergy diagnostics market, and it accounts for largest market revenue over US$ 600 million in 2017 as compared to that of markets in other regions

Prominent players in the global allergy diagnostics market include Hitachi Chemical Diagnostics Inc., HOB Biotech Group Suzhou Co. Ltd., HYCOR Biomedical LLC, Quest Diagnostics Inc., Stallergenes Greer, BioMérieux SA, Omega Diagnostics Group PLC., Siemens AG, Lincoln Diagnostics, Inc., and Thermo Fisher Scientific Inc.

Table Of Content:

1.0 Chapter 1

  • 1.1 Preface
  • 1.2 Assumptions
  • 1.3 Abbreviations

2.0 Chapter 2

  • 2.1 Report Description
    • 2.1.1 Market Definition and Scope
  • 2.2 Executive Summary
    • 2.2.1 Market Snapshot, By Allergen Type
    • 2.2.2 Market Snapshot, By Product Type
    • 2.2.3 Market Snapshot, By End-User
    • 2.2.4 Market Snapshot, By Region

3.0 Chapter 3

  • 3.1 Global Allergy Diagnostics Market Dynamics
    • 3.1.1 Drivers
    • 3.1.2 Restraints
    • 3.1.3 Opportunities
    • 3.1.4 PEST Analysis
    • 3.1.5 PORTER’S Five Forces Analysis

4.0 Chapter 4

    • 4.0.1 Global Allergy Diagnostics Market, by Allergen Type
    • 4.0.2 Overview
    • 4.0.3 Segment Trends
    • 4.0.4 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Million)
  • 4.1 Inhaled Allergen
    • 4.1.1 Overview
    • 4.1.2 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Million)

TOC Continue….

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