Allergy Diagnostics Market Report

Market Insights

Allergy Diagnostics Market is likely to witness an impressive CAGR of 11.0% during the forecast period. High incidence of allergic diseases, rising levels of environmental pollution, increased funding for allergy diagnostics by organizations, and increasing access to healthcare insurance are some of the major factors accelerating the growth of the market during the forecast period. 

Segments' Analysis

Allergy Diagnostics Market Share: By Product & Service Type

Based on the product & service type, the market is segmented as consumables, instruments, and services. The consumables segment is expected to capture the major share of the market during the forecast period.  The growing prevalence of allergies and the need for rapid tests to diagnose allergic conditions can be attributed to the dominance of the consumables segment.

Allergy Diagnostics Market Share: By Test Type

Based on the test type, the market is segmented as in vivo tests and in vitro tests. In vivo tests are estimated to hold the major share of the market during the forecast period on account of the growing adoption of various in vivo tests, such as skin prick tests, as these in vivo tests are safe, cost- effective, and more convenient as compared to in vitro tests.

Allergy Diagnostics Market Share: By End-User Type

Based on the end-user type, the market is segmented as diagnostic laboratories, hospital-based laboratories, academic research institutes, and other end-users. Diagnostic laboratories are estimated to hold the major share of the market during the forecast period on account of growing awareness among consumers regarding the management of allergic diseases, preference for proper diagnosis from specialists, and the availability of funds for the operation of independent diagnostic laboratories.

Allergy Diagnostics Market Share: By Region

In terms of regions, North America is estimated to be the dominating region in the market over the forecast period on account of favorable regulations and initiatives by associations, increasing incidences of allergies, and favorable reimbursement conditions for allergy diagnosis, all of which are fueling the regional market growth. Furthermore, Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

Market Scope & Segmentation

Allergy diagnostics are performed to identify allergens like mold, bee stings and peanuts, pet dander, which can cause allergies. An allergy is an immune system hypersensitivity disorder. Allergic reactions occur when a person's immune system reacts to harmless substances in the environment known as allergens.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The allergy diagnostics market is segmented into the following categories.

Allergy Diagnostics Market Size, Share, & Forecast, by Product & Service Type:

• Consumables (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Instruments  
  • Regional Analysis: North America, Europe, Asia-Pacific, and RoW
  • Type Analysis: Immunoassay Analyzers, Elisa Analyzers, Luminometers, and Other Instruments
• Services (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Allergy Diagnostics Market Size, Share, & Forecast, by Test Type:

• In Vivo Tests
  • Regional Analysis: North America, Europe, Asia-Pacific, and RoW
  • Type Analysis: Skin Prick Tests, Patch Tests, and Other In Vivo Tests
• In Vitro Tests (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Allergy Diagnostics Market Size, Share, & Forecast, by Allergen Type:

• Inhaled Allergens (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Food Allergens (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Drug Allergens (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Other Allergens (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Allergy Diagnostics Market Size, Share, & Forecast, by End-User Type:

• Diagnostic Laboratories (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Hospital-based Laboratories (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Academic Research Institutes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Other End-Users (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Allergy Diagnostics Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Key Players

Some of the key players in the allergy diagnostics market are-

• Danaher Corporation
• Eurofins Scientific
• Euroimmun Medizinische Labordiagnostika AG
• HollisterStier Allergy
• Minaris Medical America, Inc.
• Neogen Corporation
• Romer Labs Division Holding GmbH
• Siemens Healthineers AG
• Stallergenes Greer Ltd.
• Thermo Fisher Scientific.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the product & service types by end-user type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.