New York, NY, March 20, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Allergy Diagnostics Market by Product Type (Luminometers, Assay Kits, Immunoassay & ELISA Analyzers, and Services), by Allergen Type (Inhaled, Food, and Others), and by End-User (Hospitals, Diagnostic Laboratories, Academic Research Institutes, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global allergy diagnostics market was valued at approximately USD 3,892 million in 2018 and is expected to generate around USD 8,878 million by 2025, at a CAGR of around 12.6% between 2019 and 2025.
An allergy is a hyperimmune response to certain products or substances. Allergies occur when a person’s immune system reacts to mild substances present in the environment. There are various different types of allergies, such as skin allergy, food allergy, dust allergy, pollen allergy, etc. These allergies can be fatal to a person under certain circumstances if left untreated. Various procedures that are used for allergy testing include blood tests, skin tests, etc., which helps healthcare professionals to provide treatment and instant relief to patients. Food allergy is caused due to the consumption of some proteins that may lead to discomfort and digestive problems. Drug allergy is caused due to the ingredients of some drugs that may reflect in the form of rashes, swelling, etc.
Browse through 54 Tables & 23 Figures spread over 110 Pages and in-depth TOC on “Global Allergy Diagnostics Market: By Product Type, Industry Size, Share, Growth, Segments Analysis & Forecast 2018–2025”.
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The major factor that contributes to the growth of the global allergy diagnostics market is the increased prevalence of allergy among people. As per Allergy UK 2015, around 20% of allergy patients live with a severe devastating form of their condition and fight with the distress of a most likely anaphylactic shock, asthma attack, or even death from an allergic reaction daily. Tremendous population rise is expected to increase allergic cases in the future. Furthermore, changing food habits, increasing geriatric population, favorable reimbursement scenario in developed economies, and raising awareness among people are expected to promote the global allergy diagnostics market. Moreover, increased healthcare expenditure and infrastructure coupled with changing lifestyles of people are also expected to boost the allergy diagnostic market globally over the forecast time period. On the other hand, various technological advancements are expected to create new growth opportunities for the growth of the allergy diagnostics market. However, the high cost and stringent regulatory approval process may inhibit the global allergy diagnostics market over the forecast time period.
The global allergy diagnostics market is categorized into product type, allergen type, and end-user. By product type, the allergy diagnostics market is segmented into luminometers, assay kits, immunoassay and ELISA analyzers, and services. Assay kits are expected to dominate the market in the future. By allergen type, the allergy diagnostics market is fragmented into inhaled, food, and others. Inhaled allergens are expected to dominate the allergy diagnostics market. By end-user, the allergy diagnostics market is segmented into hospitals, diagnostic laboratories, academic research institutes, and others. The hospitals segment is expected to develop rapidly over the estimated timeframe.
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By region, North America is projected to lead the global allergy diagnostics market over the forecast period. This can be due to the increased prevalence of allergy among the regional population, high adoption of advanced technology, and changing lifestyles of people, and increased environmental pollution. Moreover, the presence of developed countries, such as the U.S. and Canada, with advanced healthcare facilities and infrastructure are expected to further promote the North American allergy diagnostic market over the estimated time period.
Europe is likely to be the second leading region over the forecast time period, closely followed by North America in terms of revenue. Due to the presence of advanced research and development facilities and substantial technological advancements are expected to propel the growth of the region’s allergy diagnostic market in the future.
Browse the full “Allergy Diagnostics Market by Product Type (Luminometers, Assay Kits, Immunoassay & ELISA Analyzers, and Services), by Allergen Type (Inhaled, Food, and Others), and by End-User (Hospitals, Diagnostic Laboratories, Academic Research Institutes, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/allergy-diagnostics-market
The Asia Pacific allergy diagnostics market is expected to grow rapidly over the forecast time period, due to the presence of developing economies, such as India and China, and developing healthcare facilities across the region. Furthermore, increased prevalence of allergies due to changing lifestyles of people coupled with increasing pollination rates and growing investments made in R&D is expected to contribute toward the growth of the region’s allergy diagnostic market in the years ahead.
The Middle East and Africa and Latin America are expected to grow considerably over the estimated time period, due to the increasing awareness, development in medical facilities, economic growth, and favorable government initiatives in both the regions.
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Some major players of the global allergy diagnostics market are Alerchek 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.
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This report segments the global allergy diagnostics market into:
Global Allergy Diagnostics Market: Product Type Analysis
- Luminometers
- Assay Kits
- Immunoassay and ELISA Analyzers
- Services
Global Allergy Diagnostics Market: Allergen Type Analysis
- Inhaled
- Food
- Others
Global Allergy Diagnostics Market: End-User Analysis
- Hospitals
- Diagnostic Laboratories
- Academic Research Institutes
- Others
Global Allergy Diagnostics Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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