USD 4.80 billion
Global Allergy Diagnostics Market Size, Share, Growth Analysis, By Product & Service(Consumables, Instruments (Immunoassay Analyzers), By Allergen(Inhaled Allergens, Food Allergens), By Test Type(In Vivo Tests (Skin Prick Tests, Patch Tests), By End User(Diagnostic Laboratories, Hospital-based Laboratories) - Industry Forecast 2024-2031
Report ID:
SQSG35I2040 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
123 |
Figures:
73
Global Allergy Diagnostics Market Insights
Allergy Diagnostics Market was valued at USD 4.80 billion in 2019, and the market size is estimated to reach USD 10.03 billion by 2031, at a CAGR of 11.10% over the forecast period (2024-2031).
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.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Inhaled Allergens
Fastest Growth
Inhaled Allergens
Growth Rate
11.10% CAGR
Global Allergy Diagnostics Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Allergy Diagnostics Market Size By Allergen, 2021-2028 ($ Bn)
Global Allergy Diagnostics Market Size By Allergen, 2021-2028 (%)
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Global Allergy Diagnostics Market Segmental Analysis
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.
Global Allergy Diagnostics Market By Allergen, 2021 (%), 2023 (%)
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Global Allergy Diagnostics Market Regional Insights
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.
Global Allergy Diagnostics Market By Geography, 2021-2028, 2024-2031
- Largest
- Fastest
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Global Allergy Diagnostics Market Dynamics
Allergy Diagnostics market Driver
- Rising environmental contamination is propelling the global allergy diagnostics market
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
- High costs associated with allergy diagnostic instruments is hampering the market growth
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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Global Allergy Diagnostics Market Competitive Landscape
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
- Thermo Fisher Scientific Inc., (US)
- Siemens Healthineers (Germany)
- Danaher (US)
- Omega Diagnostics Group PLC (UK)
- BioMérieux SA (France)
- Romer Labs Division Holding (Austria)
- EUROIMMUN Medizinische Labordiagnostika AG (Germany)
- HollisterStier Allergy (US)
- NEOGEN Corporation (US)
- Minaris Medical America, Inc. (US)
- Stallergenes Greer (UK)
- HOB Biotech Group Corp., Ltd. (China)
- HYCOR Biomedical (US)
- R-Biopharm AG (Germany)
- AESKU.GROUP GmbH (Germany)
- ACON Laboratories, Inc. (US)
Allergy Diagnostics market Recent Development
- In September 2022, Neogen announced the release of its Veratox VIP assay to detect cashew allergens. The Veratox VIP for Cashew allergy test is the second in the Veratox VIP line of enhanced quantitative enzyme-linked immunoassay (ELISA) assays from Neogen. It has a high level of sensitivity to very low quantities of cashew protein, down to 0.2 ppm, according to the manufacturer.
- In July 2022, Jerath Path Labs announced their plans to expand with launch of new franchises and allergy treatment centres.
Global Allergy Diagnostics Key Market Trends
- Reagent rental agreements are gaining traction to reduce the high costs of allergy diagnostics. Reagent rental agreements are sales contracts between allergy diagnostic product manufacturers and end users (such as hospitals and diagnostic laboratories). The end user leases or purchases instruments at a subsidized rate under these agreements by engaging into a reagent-purchase contract with the manufacturer. This mutually advantageous agreement reduces the end user's initial capital commitment while assuring the manufacturer of long-term orders. In some circumstances, analyzers are rented to end users on a per-test basis. Reagent rental agreements and cost-per-test contracts provide considerable cost-cutting advantages to laboratories. They also assist laboratories in avoiding large fixed capital expenses connected with the acquisition of new equipment. These costs are significantly greater in high-volume laboratories than in regular laboratories. Furthermore, with the average contract lasting between 5 and 10 years, laboratories may stay up to speed on the newest advancements in allergy diagnostics. Some contracts incorporate service/maintenance costs in the entire cost, providing laboratories with extra savings.
Global Allergy Diagnostics Market SkyQuest Analysis
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.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 4.80 billion |
| Market size value in 2031 | USD 10.03 billion |
| Growth Rate | 11.10% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Allergy Diagnostics Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Allergy Diagnostics Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
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.
Analyst Support
Customization Options
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.
Regional Analysis: Further analysis of the Global Allergy Diagnostics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Allergy Diagnostics Market Report Snapshots
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