Global Allergy Diagnostics Market Forecast to 2030
Global Allergy Diagnostics Market Research Report and Forecast to 2030 is an investigative report providing an extensive study of the global Allergy Diagnostics market with regards to market size, market share, current and emerging trends, and latest technological developments. The report also sheds light on the competitive landscape of the Allergy Diagnostics market on the global and regional scale, along with a thorough forecast estimation to 2030. The new report is updated with the impact of the COVID-19 pandemic on the Allergy Diagnostics market. It analyzes the impact of the pandemic with regards to economic landscape and government regulations in each region. It also studies the supply chain disruptions and economic volatility induced by the pandemic and offers a current and future assessment of the impact of the pandemic on the global and regional Allergy Diagnostics market.
The global allergy diagnostics market size is expected to reach USD 12.45 Billion at a steady revenue CAGR of 11.1% in 2030, according to the latest analysis by Emergen Research. One of the primary driving factors leading to increased revenue growth of the market is a high prevalence of allergic diseases. According to estimates, allergic rhinitis, popularly known as hay fever, affects 7.8% of individuals in the U.S. It is estimated that 3.5-4% of the general population in the U.S. has Immunoglobin E (IgE)-mediated food allergy or sensitivity. Thus, rising prevalence of allergic diseases is leading to rising demand for allergy diagnostics. Advances in diagnostic technologies and algorithms assist clinicians in more correctly diagnosing allergies, allowing patients to obtain the appropriate medication. Furthermore, government measures are also contributing to revenue growth of the market.
One of the main things that could prevent the market from growing in terms of revenue is inadequate understanding and utilisation of allergy testing methods. For instance, even though the scientific understanding of allergic illnesses has advanced, every year, roughly half of all allergy patients seek diagnosis and treatment from alternative practitioners. Some people may be required to undergo experimental allergy testing or therapies. The adoption of traditional eastern healthcare ideas into western culture and reckless media attention to claims of novel allergy treatments both contribute to acceptance. These elements may therefore limit the market for allergy diagnostics' revenue growth.
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Competitive Terrain:
The global Allergy Diagnostics industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
Thermo Fisher Scientific Inc., Danaher, Minaris Medical America, Inc., Siemens Healthcare GmbH, Eurofins Scientific, EUROIMMUN Medizinische Labordiagnostika AG, BIOMÉRIEUX SA, Stallergenes Greer, Neogen Corporation, and Omega Diagnostics Group PLC
Research Report on the Allergy Diagnostics Market Addresses the Following Key Questions:
- Who are the dominant players of the Allergy Diagnostics market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Allergy Diagnostics market?
- What are the key growth drivers and restraining factors of the Allergy Diagnostics market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Allergy Diagnostics market and its key segments?
Market Overview:
The report bifurcates the Allergy Diagnostics market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
-
Product & Service Outlook (Revenue, USD Billion; 2019–2030)
- Consumables
- Instruments
- Immunoassay Analyzers
- ELISA Analyzers
- Luminometers
- Others
- Services
-
Allergen Outlook (Revenue, USD Billion; 2019–2030)
- Inhaled Allergens
- Food Allergens
- Drug Allergens
- Others
-
Test Type Outlook (Revenue, USD Billion; 2019–2030)
- In Vivo Tests
- Skin Prick Tests
- Patch Tests
- Others
- In Vitro Tests
- In Vivo Tests
Regional Landscape section of the Allergy Diagnostics report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Allergy Diagnostics market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Points of the Geographical Analysis:
- Data and information related to the consumption rate in each region
- Estimated increase in the consumption rate
- Proposed growth of the market share of each region
- Geographical contribution to market revenue
- Expected growth rate of the regional markets
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