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Allergy Diagnostics Market: Lucrative Opportunities, 2016-2024

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Tarun Kumar

Allergy Diagnostics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

The demand within the global market for allergy diagnostics has been rising on account of the growing culture of dust mites, bacterial agents, and other allergens, finds Transparency Market Research (TMR). The presence of a humongous number of vendors in the global allergy diagnostics market has generated new opportunities for market growth. The competitive landscape of the global allergy diagnostics market displays a picture of cutthroat competition. This is because a large population suffers from various kinds of injuries, and market vendors are aiming to capitalise on this huge consumer base. It is expected that a large number of vendors within the global allergy diagnostics market would resort to the use of inbound marketing tactics to gain a competitive edge. 

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The global market for allergy diagnostics is expected to witness new mergers in the forthcoming years. This projection is based on the apparent benefits that the vendors could reap through collaboration and alliances. Furthermore, the market for allergy diagnostics shall become increasingly fragmented as new vendors make their way into the market. Some of the key vendors in the global allergy diagnostics market are Quest Diagnostics Inc., Omega Diagnostics Group Plc., Stallergenes Greer, and BioMerieux. These vendors in the global allergy diagnostics market are making serious efforts to manufacture improved products. 

Transparency Market Research (TMR) predicts that the global allergy diagnostics market would expand at a stellar CAGR of 12.80% over the period ranging from 2016 to 2024.The total value of the global allergy diagnostics market is expected to reach US$3.8 bn by the end of 2024. On the basis of product, the market for assay kits has been rising at a stellar rate in recent times. Based on regions, the market for allergy diagnostics in North America is expected to grow at a robust.

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Growing Incidence of Dust-Induced Allergies 

Several factors could trigger allergies in humans and animals, making it important to have a swift anti-allergic mechanism. This factor has played s key role in the growth of the global allergy diagnostics market. Medical practitioners have asserted that allergies could be the cause several other chronic diseases, and there is a dire need to find a strong avert mechanism for allergic bodied. This factor has also created a plethora of growth opportunities within the global market for allergy diagnostics. The rising levels of pollution are also projected to aid the growth of the global allergy diagnostics market. 

Availability of Improved Testing Technologies 

It is extremely important to find the root of an allergy, and the subsequent allergen that has caused it. Hence, the demand for diagnostics tests for allergies has been rising at a stellar pace in recent times. The presence of an expansive sector for in-vitro tests has also played a vital role in the growth of the global allergy diagnostics market. Academic research centers have emerged as key consumers of allergy diagnostic product. This factor has also emerged as a strong propeller of demand within the global allergy diagnostics market in recent times. 

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The market has been segmented as below: 

Global Allergy Diagnostics Market, By Product 

  • Assay Kits
  • Consumables
  • Instruments 

Global Allergy Diagnostics Market, By Allergen Type 

  • Inhaled Allergens
  • Food Allergens
  • Drug Allergens
  • Others 

Global Allergy Diagnostics Market, By Tests 

  • In-vivo tests
  • In-vitro tests 

Global Allergy Diagnostics Market, By End Users 

  • Hospitals
  • Diagnostic Laboratories
  • Academic Research Institutes
  • Others

About Us

Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Albany, NY 12207

Tel: +1-518-618-1030

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Website: https://www.transparencymarketresearch.com/

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