The Research Report on “Allergy Diagnostics Market by Products (Assay Kits, Immunoassay & Elisa Analyzers, Luminometers, Services), Allergens (Food, Inhaled, Drug), Tests (In Vivo, In Vitro), End Users (Hospital, Diagnostic Laboratory) – Global Forecast” published by MarketsandMarkets™, is projected to reach USD 5.74 Billion, at a CAGR of 10.5%
What Drives the Market Growth?
The allergy diagnosis is an important introductory step for effective allergy treatment. Current allergy tests are more convenient and accurate compared to the tests that were available before. With the help of a detailed medical history, allergy tests can identify specific triggers for an individual’s allergic reactions. This process is also required in drug development and the production process of allergy treatments.
Don’t miss out on business opportunities in “Allergy Diagnostics Market”. Speak to Our Analyst and gain crucial industry insights that will help your business growth:
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=232871701
Market Segmentation in Detailed:
Based on product & service, the allergy diagnostics market is segmented into assay kits, instruments, and services. Assay kits form the largest and the fastest-growing segment in this market majorly due to the wide availability, large consumption, and the need for the repeat purchase of these kits in allergy testing. Although the cost of instruments is significantly higher than that of assay kits, they account for a lower share of the market owing to their long lifespan (the lifespan of a single instrument is 5 to 10 years) and the limited need for repeat installations. Also, there is a secondary market for used instruments, which are majorly procured by smaller healthcare organizations that cannot afford new instruments.
Based on the allergen, the allergy diagnostics market is segmented into inhaled allergens, food allergens, drug allergens, and other allergens. The inhaled allergens segment is expected to witness the highest growth during the forecast period owing to the increasing environmental pollution levels across the globe.
Geographical View in-detailed:
The allergy diagnostics market is segmented into four major regions, namely, North America, Europe, Asia, and the Rest of the World. In 2017, North America accounted for the largest share of this market owing to the high healthcare expenditure and the strong presence of key market players in the region. These factors, coupled with the rising prevalence of different types of allergies, have resulted in the wide availability and adoption of various allergy diagnostic products and services in the US and Canada.
Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=232871701
Global Key Leaders: The key players operating in the allergy diagnostics market include Thermo Fisher Scientific Inc. (US), Siemens AG (Germany), Danaher Corporation (US), Omega Diagnostics Group PLC (UK), Hitachi Chemical Co., Ltd. (Japan), bioMérieux SA (France), Stallergenes Greer (UK), HOB Biotech Group Suzhou Co., Ltd. (China), HYCOR Biomedical (US), Lincoln Diagnostics, Inc. (US), EUROIMMUN AG (Germany), INDOOR Biotechnologies, Inc. (US)
Thermo Fisher Scientific Inc. (US) accounted for the largest market share of the market in 2016. The company caters to the allergy diagnostics market through its Clinical & Diagnostics product segment. The end users that the company caters to are pharmaceutical and biotechnology companies, hospitals and clinical diagnostic laboratories, universities, research institutions, government agencies, and environmental & process control industries. Thermo Fisher offers a broad range of products covering all segments of the market. The company launched innovative products for allergy diagnosis over the last three years in all categories, namely, assay kits and instruments. Thermo Fisher used product innovation as the main strategy to maintain its competitive position in the market. For example, the company launched Thermo Scientific B·R·A·H·M·S Procalcitonin (PCT) assay for allergy diagnosis in 2016.
The allergy diagnosis is an important introductory step for effective allergy treatment.
Current allergy tests are more convenient and accurate compared to the tests that were available before.
With the help of a detailed medical history, allergy tests can identify specific triggers for an individual’s allergic reactions.
This process is also required in drug development and the production process of allergy treatments.How the Market Growth looks like and Industry Segmentation?The Allergy Diagnostics Market is projected to reach USD 5.74 Billion, at a CAGR of 10.5%Based on product & service, segmented into assay kits, instruments, and services.
Assay kits form the largest and the fastest-growing segment in this market majorly due to the wide availability, large consumption, and the need for the repeat purchase of these kits in allergy testing.
Although the cost of instruments is significantly higher than that of assay kits, they account for a lower share of the market owing to their long lifespan (the lifespan of a single instrument is 5 to 10 years) and the limited need for repeat installations.
Value Market Research has published a report on Allergy Diagnostics Market with the assessment year 2020 to 2027.
This report is full of qualitative and quantitative data, which provide comprehensive insights to get a better understanding of the market.
This Allergy Diagnostics Market report comprises the market size, share, value, and trends over the forecast period, it also provides an attractive market analysis with potential segments to invest in along with strategic steps taken by the key players.
Additionally, the market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa, including major countries analysis.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Allergy Diagnostics include lerchek Inc., Stallergenes SA, DST Diagnostische Systeme & Technologien GmbH, Lincoln Diagnostics Inc., Hitachi chemical Diagnostic Inc., Siemens Healthcare Diagnostics, Inc., BioMerieux, Inc., Hycor Biomedical Inc., Danaher Corp., HOB Biotech Group Co. Ltd., Omega Diagnostic, and Thermo Fisher Scientific Inc., among others.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Request FREE sample copy of the report "Global ALLERGY DIAGNOSTICS Market" at: https://www.valuemarketresearch.com/contact/allergy-diagnostics-market/download-sampleMarket SegmentationThe broad Allergy Diagnostics has been sub-grouped into the Product Type, Allergen Type, end-user and region.
