Allergy Diagnostics Market Overview
In a recent research report by Market Research Industry the allergy diagnostics Market is expected to surpass USD 10.01 Billion by the year 2028, from USD 5.20 Billion in 2021
An allergy is a reaction due to hypersensitivity that is caused due to histamine release by the immune system. Common allergies are mold allergy, drug allergy, food allergy, allergy to insects, and skin allergies.
The market is projected to grow at a significant pace reaching a CAGR of approximately 9.8%, over the forecast period of 2022–2028, despite a considerable fall in product sales during the initial phase of pandemic spread and lockdown restrictions imposed globally.
In regional segments, Asia Pacific is expected to witness the fastest growth during the forecast period. The factors responsible for the growth of the market are increasing healthcare facilities and investment. Further, demand for minimally invasive treatment is anticipated to support the growth of the market.
In the type segment, food allergy is expected to grab significant attention in the allergy diagnostics market. Infants are more prone to food allergies and increasing prevalence in developing countries such as China, and Africa is expected to support the growth of the market.
Lastly, the report includes a regional analysis and country analysis with the latest trends, along with the major key players including BioMerieux SA, Thermo Fischer Scientific Inc, Omega Diagnostics, Siemens Healthineers AG, Hitachi Chemical Diagnostics Inc., Danaher Corporation, Siemens Healthineers AG, Stallergenes Greer Ltd, Thermo Fischer Scientific Inc, PerkinElmer Inc. (Euroimmun AG), R-Biopharm AG, Immunodiagnostic Systems Holdings PLC (IDS), Biomerica, Inc.
The study is consolidated into major segments and further into sub-segments, such as by Allergen (Inhaled Allergens, Food Allergens, Other Allergens), Product (Instruments, Consumables, Luminometers), End User (Diagnostic Laboratories, Hospitals, Other End Users) to forecast the allergy diagnostics market size by value; also includes the analysis of past market dynamics from 2016 – 2021, considering 2021 as the base year.