Global Allergy Diagnostics
Market Report
2024
Allergy diagnostics market size will be USD 5.8 billion in 2024. It will expand at a compound annual growth rate (CAGR) of 10.8% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global allergy diagnostics market size will be USD 5.8 billion in 2024. It will expand at a compound annual growth rate (CAGR) of 10.8% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Allergy Diagnostics Market Sales Revenue 2024 | $ 5.8 Billion |
Global Allergy Diagnostics Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 10.8% |
Market Split by Product & Services |
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Market Split by Allergen |
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Market Split by End-user |
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Market Split by Test Type |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Allergy Diagnostics Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
People might be sensitive to environmental allergens such as mold, pollen, and pet dander. Some people are allergic to bee stings or latex. People who are allergic to peanuts, milk, or soy may be unable to consume them. These compounds are referred to as allergens. Allergy diagnostics is a test conducted by a skilled allergy expert to evaluate whether the human body is allergic to a certain allergen. It is used to determine which compounds induce an allergic response in a person. Allergy tests assess the body's reaction to specific allergens or allergy triggers. When you have an allergy, your immune system reacts abnormally. It generates antibodies (proteins) known as immunoglobulin E (IgE). These antibodies cause the release of molecules that cause allergies. Allergy testing methods include skin prick (scratch) tests, intradermal skin tests, patch tests, blood (IgE) tests, challenge tests, and others.
The allergies are dangerous and can even be fatal. A food allergy takes someone to the emergency room every three minutes. More than 40% of children and more than half of adults with food allergies have suffered a severe allergic reaction, such as anaphylaxis. Medical treatments to treat anaphylaxis caused by food allergies rose by 380 percent between 2007 and 2016. According to the American Academy of Allergy, Asthma, and Immunology, allergic rhinitis affects between 10% and 30% of the global population. Similarly, drugs may be responsible for up to 20% of anaphylactic fatalities globally. 5% of the population is allergic to insect stings. Each year, up to 100 people die in the United States as a result of bug sting anaphylaxis. These rising allergy victims raise the demand for allergy diagnostics which in turn propels the market growth.
Allergy diagnostics uses a variety of devices, including an immunoassay analyzer, an ELISA analyzer, and a luminometer. Since these instruments have different functionality and characteristics the cost is high. For instance, Luminometers can cost anywhere between US$3,000 and $14,000. The average cost of an immunoassay analyzer is roughly $7,489. The product's high cost is compounded by the costs of maintenance, labor, accessories, and so on. Large hospitals can afford this, while small hospitals may find it challenging. Thus, High costs associated with the products can hamper the market growth.
Allergies have been around for a long time, but their prevalence has lately grown. Innovative diagnostic approaches are being developed to enhance the diagnosis and treatment of allergy patients. For example, the development of new experimental assays such as antigen-specific cell selection assays (e.g., antigen-reactive T-cell enrichment assay, cytokine secretion assay, and MHC class II tetramers assay) in conjunction with single-cell genomic, epigenomic, and immune repertoire sequencing has paved the way for new scientific discoveries. Similarly, growing automation gives up novel possibilities in allergy diagnostics. Immunoblots can now be totally automated, owing to the RIDA qLine autoBlot. These developments in allergy diagnostics are expected to provide enormous opportunities for the growth of the allergy diagnostics market.
The emergence of COVID-19 has disrupted the allergy diagnostics market. The fear of cross-contamination leads to the postponement of the diagnostic tests and patients are provided with written action plans. However, after the COVID-19 pandemic, the demand for allergy diagnostics was revised. Similarly, due to the lockdown and stay-at-home rules raised the inclination towards digital consultation increased at a rapid rate. Besides this, with the emergence of COVID-19 vaccines, the demand for COVID-19 Vaccine related allergy diagnostics has been raised.
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In 2022, the US Food & Drug Administration (FDA) cleared ImmunoCAP Specific IgE (sigE) Allergen Components for use in in vitro diagnostic testing for wheat and sesame allergies, according to a statement from Thermo Fisher Scientific, Inc. (US).
(Source: https://www.biospace.com/article/releases/fda-clears-immunocap-blood-tests-for-wheat-and-sesame-allergy/)
Top Companies Market Share in Allergy Diagnostics Industry: (In no particular order of Rank)
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North America dominates the allergy diagnostics market due to the rising number of allergy patients in the region. Allergies are the sixth leading cause of chronic illness in the U.S. More than 100 million people in the U.S. experience various types of allergies each year. Each year in the U.S., it is estimated that anaphylaxis (a severe allergic reaction) to food results in 90,000 emergency room visits. Similarly, favorable reimbursement policies, innovative healthcare infrastructure, and government funding propel regional growth.
The current report Scope analyzes Allergy Diagnostics Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Allergy Diagnostics Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Allergy Diagnostics Industry growth. Allergy Diagnostics market has been segmented with the help of its Product & Services, Allergen End-user, and others. Allergy Diagnostics market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The consumable segment dominated the market
Based on the product & services, the consumable segment dominates the allergy diagnostics market. This is due to the rising number of allergy victims and the need for rapid diagnostics.
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Based on allergens, the food segment dominates the market owing to the rising number of food allergy cases. According to researchers, more than 170 foods have been linked to allergic responses. Similarly, according to recent research, between 1.1 and 10.8% of the world’s population has a food allergy, and the prevalence of food allergies appears to be rising.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Allergy Diagnostics market report 2024 Edition by contacting our team.
Based on end-user, diagnostic laboratories dominate the allergy diagnostics market due to the rising awareness regarding allergy diagnostics, and government support for diagnostic laboratories.
Based on test type, the In Vivo test dominates the allergy diagnostics market. This is owing to the rise in the adoption of the In Vivo tests such as skin prick tests.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses
I played a pivotal role in conducting market research and competitive analysis. I have a demonstrated ability to synthesize diverse data sources, identify trends, and translate findings into actionable recommendations. My collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization. I am committed to maintaining excellence through continuous learning and staying ahead of industry trends. Regular participation in conferences and professional development opportunities keeps my skills sharp and relevant.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Allergy Diagnostics Market is witnessing significant growth in the near future.
In 2023, the Consumables segment accounted for noticeable share of global Allergy Diagnostics Market and is projected to experience significant growth in the near future.
The Food segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Thermo Fisher Scientific Inc (US) , Danaher (US) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Product & Services | Consumables, Instruments (Immunoassay Analyzer, ELISA Analyzer, Luminometer), Service |
Allergen | Food, Inhaled, Drug, Others |
End-user | Diagnostic Laboratories, Hospital-based Laboratories, Academic Research Institute, Others |
Test Type | In Vivo, In Vitro |
List of Competitors | Thermo Fisher Scientific Inc (US), Siemens Healthineers AG (Germany), Danaher (US), Canon Inc (Japan), Minaris Medical America Inc (US), Eurofins Scientific (Luxembourg), EUROIMMUN MEDIZINISCHE LABORDIAGNOSTIKA AG (Germany), bioMérieux SA (France), Stallergenes Greer Ltd (UK), Hollister Stier Allergy (US), Omega Diagnostics Group PLC (UK) |
This chapter will help you gain GLOBAL Market Analysis of Allergy Diagnostics. Further deep in this chapter, you will be able to review Global Allergy Diagnostics Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Allergy Diagnostics Market Trends North America Allergy Diagnostics Technological Road Map North America Allergy Diagnostics Market Drivers North America Allergy Diagnostics Market Restraints North America Allergy Diagnostics Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product & Services Analysis 2019 -2031, will provide market size split by Product & Services. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product & Services Analysis 2019 -2031
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Chapter 11 Market Split by Allergen Analysis 2019 -2031
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Chapter 12 Market Split by End-user Analysis 2019 -2031
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Chapter 13 Market Split by Test Type Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Allergy Diagnostics market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Consumables have a significant impact on Allergy Diagnostics market? |
What are the key factors affecting the Consumables and Instruments (Immunoassay Analyzer of Allergy Diagnostics Market? |
What is the CAGR/Growth Rate of Food during the forecast period? |
By type, which segment accounted for largest share of the global Allergy Diagnostics Market? |
Which region is expected to dominate the global Allergy Diagnostics Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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