North America to Dominate the Global Allergy Diagnostics Market till 2026
Increasing geriatric population and expansion of healthcare sector is expected to drive the demand for global allergy diagnostics market in the forecast period.
According to TechSci Research report, “Global Allergy Diagnostics Market By Product (Assay Kits, Instruments, Consumables, Services) By Allergy Type (Food, Seasonal, Drug, Inhalant, Anaphylaxis/Contact Allergies, Others) By Test (In Vivo, In Vitro) By End User (Hospital, Diagnostic Laboratory, Academic and Research Institutes, Others) By Company, By Region, Forecast & Opportunities, 2026”, global allergy diagnostics market is expected to witness steady growth for the upcoming five years. Allergy diagnostics is a crucial step to identify the type of allergy in patients suffering from allergy diseases such as asthma, eczema, conjunctivitis, among others. Allergies cause both direct and indirect economical burden on the patient. Direct costs comprise of healthcare and medical facilities cost occurred due to allergy diseases and indirect costs comprises of loss of work, taxation income, loss of productivity and sometimes huge impacts on job status of patients. Therefore, timely and proper diagnostics of allergy aids in proper and early treatment which is considered a major influencing factor for high market growth during the forecast period.
Government’s initiatives to promote healthcare sector and raise awareness regarding the disadvantages of allergies is fostering the allergy diagnostics market. Alarming rise of pollution across the globe and related diseases are leading the demand for allergy diagnostics market. Increasing number of children below 14 years of age are highly prone to allergy diseases. Implementation of allergy diagnostics equipment, which are technologically advanced, aids in high accuracy and great results. Increasing incidences of diseases caused by food allergens due to sedentary lifestyle of consumers, which leaves less time left for cooking purpose and created the market for unhealthy food habits such as junk food, is accelerating the global allergy diagnostic market. Due to the introduction of advanced technology, blood tests and other related tests are introduced which lower the risks of body catching allergies. Government’s initiatives to launch reimbursements and healthcare services support plans is aiding to increase the demand for allergy diagnostics.
However, strict regulations by government and huge capital requirements may create hindrances in the global allergy diagnostics market growth.
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Global allergy diagnostics market is segmented into product, allergy type, test, end user, region, and company. Based on product, the market is further divided into assay kits, instruments, consumables, and services. Assay kits are expected to dominate the market for the forecast period, 2022-2026, owing to the availability and high demand for allergy diagnostics procedures. Assay kits are more sensitive and provide personalized patient monitoring and profiling which is paving the way for allergy diagnostic market. Based on end user, the market is fragmented majorly into hospital, diagnostic laboratory, academic and research institutes, and others. Diagnostic laboratory is anticipated to hold major market share due to high demand from emerging economies.
Increasing order of allergy diseases in major countries is fostering the high market demand. Advancements in screening techniques to get better diagnosis results and appropriate treatment is a major driver for the allergy diagnostics market around the world. Based on allergy type, the market is majorly divided into food, seasonal, drug, inhalant, anaphylaxis/contact allergies and others. The inhalant segment is expected to hold major market share due to the high prevalence of respiratory diseases and asthma across the globe. Introduction of specific allergen for detection of allergy and high demand for allergy testing due to increased health awareness is aiding the allergy diagnostic market growth. Based on test, the market is categorized into in-vivo and in-vitro tests. In-vivo is expected to hold a major share due to easy use, time efficient nature and highly sensitive nature.
Thermo Fisher Scientific Inc., Siemens Healthineers AG, Danaher Corporation, Omega Diagnostics Group PLC, bioMérieux SA, Stallergenes Greer Ltd., HYCOR Biomedical LLC, Lincoln Diagnostics Inc., Indoor Biotechnologies Inc., Terumo Medical Corporation Ltd., R-Biopharm AG, Diagenics Ltd., Biomerica, Inc., Bio-Diagnostics Ltd., EUROIMMUN AG are the leading players operating in the global allergy diagnostics market. Manufacturers are increasingly focusing on research and development processes to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several allergy diagnostics manufacturers are coming up with their technologically advanced offerings.
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“Laboratory services prefer allergy diagnostics services with quicker turn around time and is considered an important parameter to determine laboratory performance. Adoption of automated and semi-automated technology to reduce the turn around time and obtain early results for quick and efficient treatment is boosting the market demand at global level. High-end investments by major players of allergy diagnostics to provide accurate and elaborate result which is propelling the market growth until 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Allergy Diagnostics Market By Product (Assay Kits, Instruments, Consumables, Services) By Allergy Type (Food, Seasonal, Drug, Inhalant, Anaphylaxis/Contact Allergies, Others) By Test (In Vivo, In Vitro) By End User (Hospital, Diagnostic Laboratory, Academic and Research Institutes, Others) By Company, By Region, Forecast & Opportunities, 2026” has evaluated the future growth potential of global allergy diagnostics market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global allergy diagnostic market.
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