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 diagnostics 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 diagnostics
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 diagnostics 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 diagnostics
market.
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