Global Allergy Diagnostics Market Report 2021: Market To Reach $ 8.5 Billion By 2027



DUBLIN, July 13, 2021 / PRNewswire / – The “Allergy Diagnostics – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com offer.

Global Allergy Diagnostics Market To Reach 8.5 billion US dollars by 2027

In the midst of the COVID-19 crisis, the global allergy diagnostics market is estimated at 4.6 billion US dollars in 2020, is expected to reach a revised size of 8.5 billion US dollars by 2027, with a CAGR of 9.1% over the analysis period 2020-2027.

Assay kits, one of the segments analyzed in the report, is expected to grow at a CAGR of 9.8% to reach 4.6 billion US dollars at the end of the analysis period. After an initial analysis of the business implications of the pandemic and its induced economic crisis, the growth of the Instruments segment is readjusted to a revised CAGR of 8.9% for the next 7-year period. This segment currently represents a 27.8% share of the global allergy diagnostics market.

The United States accounts for over 27% of the global market size in 2020, while China is expected to grow at a CAGR of 12.1% for the period 2020-2027

The allergy diagnostics market in the United States is estimated at US $ 1.2 billion in 2020. The country currently represents a 27.03% share of the world market. China, the world’s second-largest economy, is expected to reach an estimated market size of US $ 1.8 billion in 2027, with a CAGR of 12.2% until 2027.

Other notable geographic markets include Japan and Canada, each forecasts growth of 6.1% and 7.8% respectively over the period 2020-2027. In Europe, Germany is expected to grow by around 7.1% CAGR while the rest of the European market (as defined in the study) will reach US $ 1.8 billion by 2027.

The services segment holds a 20.6% share in 2020

In the Global Services segment, United States, Canada, Japan, China and Europe will lead to the estimated 7% CAGR for this segment. These regional markets representing a combined market size of US $ 718 million in 2020 will reach a projected size of US $ 1.1 billion before the end of the analysis period.

China will remain among the most dynamic in this group of regional markets. Led by countries such as Australia, India, and South Korea, the market of Asia Pacific should reach US $ 1.2 billion by 2027, while Latin America will increase at a CAGR of 8.8% throughout the analysis period.

Focus on certain players

  • Alk-Abello A / S (Denmark)
  • Allergy Therapeutics PLC (United Kingdom)
  • Angsana Molecular & Diagnostics Laboratory Pte. Ltd. (Singapore)
  • Astra Biotech GmbH (Germany)
  • biomerieux SA (France)
  • Danaher Company (United States)
  • Demeditec Diagnostics GmbH (Germany)
  • EUROIMMUN AG (Germany)
  • GA Generic Assays GmbH (Germany)
  • Hitachi Chemical Co., Ltd. (Japan)
  • INDOOR Biotechnologies, Inc. (United States)
  • Lincoln Diagnostics, Inc. (United States)
  • Omega Diagnostics Group Plc (UK)
  • R-Biopharm Ag (Germany)
  • Roxall Medizin GmbH (Germany)
  • Stallergenes Greer (United Kingdom)
  • Siemens Healthineers (Germany)
  • Tecan Trading AG (Switzerland)
  • Theradiag (France)
  • Thermo Fisher Scientific Inc. (United States)

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

  • Allergens: a prelude
  • Key Allergy Statistics
  • Allergy: Symptoms and causes
  • Global Allergy Diagnostics Market Expected to Grow Rapidly
  • With allergies on the rise for whatever reason, be it our Neanderthal genes, our hygiene hypothesis, or that of vitamin D, the need for effective diagnostics has never been greater.
  • Assay kits dominate the allergy diagnostics market
  • Fastest Growing Inhaled Allergens Segment
  • US to dominate allergy diagnostics market, while China to experience fastest growth
  • Growing demand for in vitro diagnostic tests for the diagnosis of allergies
  • Development of effective allergy diagnostics cuts healthcare costs
  • Labs embrace automation and advanced allergy testing for fast turnaround times
  • The need to offer quality services at affordable costs prompts laboratories to consider rental contracts for reagents
  • In vitro IgE molecular diagnostics to transform the allergy testing market
  • Macro Array Diagnostics Unveils Allergy Explorer for Allergy Diagnosis
  • Increase in alcohol and drug abuse increases demand for allergy diagnoses
  • Increase in allergy cases stimulates the development of advanced allergy diagnostic solutions
  • Focus on simple and protein allergens
  • IgE antibody tests
  • Microchip allergy diagnostic reagents
  • Allergy diagnosis moves from laboratory tests to decentralized POC tests
  • Patch Test to experience healthy growth
  • SmartPractice Obtains FDA Approval for TRUE Test (R) Patch Test for Pediatric Use
  • Allergy diagnostic service providers focus on vertical integration
  • Allergic diagnostic challenges in patients
  • Improved Access to Medical Insurance and Instrument Allowances for Allergy Diagnosis in the United States Broaden Market Outlook
  • Typical cost structure for allergy testing
  • Select digital technologies to help you manage food allergies
  • Select Recent Allergy Diagnostics Market Launches To Strengthen Market Expansion
  • EUROIMMUM develops the EUROLINE DPA-Dx Pollen Southern Europe 1 test for pollen allergies
  • Hycor Biomedical Obtains FDA Clearance for NOVEOS Allergy Testing System
  • ASI Introduces IVT Allergy (R) 3 Screen Panel for Allergic Skin Testing
  • CLA-1 (TM) Luminometer In Vitro Allergy Testing Platform For Accurate And Reliable Results
  • Growth drivers
  • Increasing prevalence and incidence of allergic disorders to stimulate demand for allergy diagnostics
  • Prevalence rate of atopic dermatitis (eczema) among the global adult population
  • Environmental changes and pollution worsen the incidence of allergic reactions, leading to an increased need for allergic diagnoses
  • Main environmental factors linked to allergic diseases
  • Growing number of food allergy cases is fueling demand for allergy testing kits
  • Prevalence rate of five common food allergies in American adults
  • Factors responsible for the increased prevalence of food allergies
  • Booming aging population and longer life expectancy will drive the allergy diagnostics market
  • Market constraints
  • Insufficient Knowledge About Food Allergies Hinder Growth Of Allergy Diagnostics Market
  • Costly Nature of Allergy Diagnostic Approaches Limits Market Growth
  • New regulations and legislative provisions concerning extracts of diagnostic allergens

III. MARKET ANALYSIS

  • Allergy prevalence statistics
  • Increasing incidences of food allergies and intolerances among Americans
  • Abuse of painkillers leads to a high number of allergic reactions to drugs
  • US witnesses increase popularity of home allergy diagnostic kits
  • United States Offers Favorable Refunds For Allergy Testing
  • Food allergy: regulatory overview
  • EU FIC Regulation
  • Soy Allergy Regulations
  • Egg Allergy Regulations
  • Allergy: an overview
  • Food allergies and intolerances on the rise among Indians

IV. COMPETITION

  • Total number of profiled companies: 67

For more information on this report, visit https://www.researchandmarkets.com/r/akx4zt

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Research and markets
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SOURCE Research and Markets

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