Allergy Diagnostics Market Segmentation, Business Opportunities and Forecasts
29 May 2019, Global allergy diagnostics market is expected to grow at a significant CAGR of 10% in
the upcoming period as the scope and its applications are rising enormously
across the globe. Allergy diagnostics help to determine if the body has an
allergic reaction to a known substance. It is mainly done using blood or skin
tests as patients show an exclusive range of varying sensation patterns and
symptoms against particular allergens.
The factors that are playing a major
role in the growth of the market are the rise in healthcare expenditure, growing
occurrence of allergic diseases, the rising access for allergy diagnosis
medical insurance in the United States, and increasing environmental pollution
level. However, lack of awareness regarding allergic diseases and the high cost
of instruments are the factors that may restrain overall market growth in the
years to come. Allergy diagnostics market is segmented based on product type,
test, allergen, end-user, and region.
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Instruments, assay kits, services,
and other product types could be explored in allergy diagnostics in the
forecast period. The assay kits sector accounted for the substantial market
share of allergy diagnostics and is estimated to continue its dominance in the
years to come. The reason could be great level of precision, effective performance,
and reliability. In vitro tests and in vivo tests are the test types that could
be explored in allergy diagnostics in the forecast period.
Based on the allergen, drug, inhaled, and food allergens
could classify allergy diagnostics in the forecast period. Inhaled allergen
sector accounted for the substantial market share of allergy diagnostics and is
estimated to lead the overall market in the years to come. The reason could be
a growing environmental pollution. The market may be categorized based on
end-users like academic research institutes, diagnostic laboratories,
hospital-based laboratories, and others could be explored in allergy
diagnostics in the forecast period.
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| Allergy Diagnostics Market |
Europe and the Asia Pacific are also estimated to have a
positive influence on future growth. Europe is the second largest region with
significant market share. However, Asia Pacific is estimated to grow at the
highest CAGR in the forecast period.
The key players of the allergy diagnostics market are
R-Biopharm AG, Thermo Fisher Scientific Inc., Lincoln Diagnostics, Inc.,
Siemens AG, Hycor Biomedical, Inc., Danaher Corporation, Hob Biotech Group
Suzhou Co., Ltd., Omega Diagnostics Group PLC, Stallergenes Greer, Hitachi
Chemical Co., Ltd., and Biomérieux SA. These players are concentrating on
inorganic growth to sustain themselves amidst fierce competition.
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