USD 4.80 billion
Report ID: SQSG35I2040 | Region: Global | Published Date: October, 2022 | Pages: 165 | Tables: 123 | Figures: 73
Allergy Diagnostics Market was valued at USD 4.80 billion in 2021, and the market size is estimated to reach USD 10.03 billion by 2028, at a CAGR of 11.10% over the forecast period (2022-2028).
As pollution levels rise, the market for allergy diagnostics is projected to expand. The main risk factors for chronic respiratory illnesses include allergen exposure, occupational exposure, and exposure to indoor and outdoor air pollution. Because of their higher exposure to pollution, city dwellers are more prone than rural dwellers to suffer allergy disorders. The rise in food allergies is expected to boost the growth of the allergy diagnostic market.
Food allergy is a form of allergic sickness that is more common in cities and first-world countries than in rural and third-world countries. The degree of cleanliness and the risk of infectious diseases are two of the most noticeable differences between these regions. Early exposure to bacterial, viral, and parasitic infections, as well as exposure to a variety of common human body microbes, are likely to influence immune system development. Climate change, air pollution, and the complexity of materials and cosmetic products have all contributed to a rise in the prevalence of sensitive skin and its proclivity for irritation. These factors are expected to drive the growth of the allergy diagnostics market in the near future.
US Allergy Diagnostics Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 4.80 billion
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The global Allergy Diagnostics market is segmented based on product & service, allergen, test type, end user, and region. Based on product & service, the Allergy Diagnostics market is segmented into Consumables, Instruments (Immunoassay Analyzers, ELISA Analyzers, Luminometers, Other Instruments), Services. Based on allergen, the Allergy Diagnostics market is segmented into Inhaled Allergens, Food Allergens, Drug Allergens, Other Allergens. Based on test type, the Allergy Diagnostics market is segmented into In Vivo Tests (Skin Prick Tests, Patch Tests, Other In Vivo Tests), In Vitro Tests. Based on end user, the Allergy Diagnostics market is segmented into Diagnostic Laboratories, Hospital-based Laboratories, Academic Research Institutes, Other End Users. Based on region, the Allergy Diagnostics market is categorized into North America, Europe, Asia-Pacific, and MEA.
Allergy Diagnostics market Analysis by Allergen
In 2021, the inhaled allergens segment dominated the global allergy diagnostics market due to increased pollen levels and other causes such as mold, fungus, and dust. The rising demand for allergy testing and the introduction of specific allergens for allergy identification, the category is expected to rise at the fastest CAGR.
Food allergies were the second-largest revenue sector, and this trend is expected to continue throughout the forecast period. These sorts of allergy disorders are more common in children. According to the National Institutes of Health (NIH) in the United States, the prevalence of food allergies in children is double that of adults.
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In terms of revenue, North America led the global market in 2021 due to a high frequency of respiratory allergic illnesses, increased awareness of allergy diagnostics, and the use of in vitro blood testing. Due to the presence of a strong pharmaceutical sector and rising demand for treatments, Europe is likely to be the second-largest regional market. The region's expansion is also being fueled by an aging population and an increase in allergy disorders. Due to rapidly improving healthcare infrastructure, unmet clinical needs, and demand for minimally invasive diagnostic instruments, Asia Pacific is predicted to be the fastest-growing regional market, with a CAGR of 13.2% over the forecast period.
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Allergy Diagnostics market Driver
The main risk factors for chronic respiratory disorders are exposure to indoor and outdoor air pollution, allergies, and occupational exposure. Because of the higher exposure to environmental pollutants in cities, the prevalence of allergy disorders among the urban population is higher than among the rural population (as a result of vehicular pollution and industrial activities). According to the WHO, more than 80% of people living in urban areas are exposed to air quality levels that exceed WHO safety guidelines; while this is a global trend, the consequences are particularly severe in low-income countries' urban regions. This is a significant indicator for the growth of the allergy diagnostics market, as air pollution from motor vehicles has been identified as a key risk factor for allergic illnesses.
Allergy Diagnostics market Restraint
Several allergy diagnostics tools, including luminometers, blot analyzers, scanners, ELISA analyzers, and immunoassay analyzers, are updated on a regular basis by industry participants. Because these instruments have extensive features and functionalities, they are more expensive (the price of each instrument varies based on its accuracy, flexibility, and TAT). Immunoassay analyzers, for example, cost between USD 10,000 and USD 20,000, while luminometers cost between USD 3,000 and USD 14,000. Semi-automatic ELISA readers range in price from USD 2,000 to USD 5,000, while fully automated analyzers start at roughly USD 14,000. Additionally, maintenance and insurance, laboratory supervision, and overheads (including utilities, space, and administration) are all costs associated with operating this equipment.
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The global allergy diagnostics market is highly competitive and companies are actively involved in new product launches, strategic collaborations, acquisitions, and technological advancements to gain maximum market share.
Allergy Diagnostics market Top Player’s Company Profiles
Allergy Diagnostics market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates, and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research.
According to our analysis, application of mhealth in allergy diagnostics is expected to drive allergy diagnostics market. Currently, the application of mHealth for rhinitis diagnosis is restricted, with only a few mHealth tools for allergic rhinitis (AR) diagnosis reported in peer-reviewed journals. Recent advancements in integrated biosensors, wireless communication, and power harvesting techniques have resulted in the development of a new generation of point-of-care devices. AR, on the other hand, is a highly prevalent disorder. To be economical, any diagnostic equipment connected to a smartphone (e.g., peak nasal inspiratory flow meters or intranasal biosensors) would need to be inexpensive.
|Market size value in 2021||USD 4.80 billion|
|Market size value in 2028||USD 10.03 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
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For the Global Allergy Diagnostics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Allergy Diagnostics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Allergy Diagnostics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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