openPR Logo
Press release

Allergy Diagnostics Market Forecast By 2022 | Hitachi Chemical Co., Ltd Thermo Fisher Scientific, Inc., Siemens Healthineers, Danaher Corporation,., HOB Biotech Group Co, bioMérieux

11-23-2018 11:34 AM CET | Health & Medicine

Press release from: Future Market Insights

Allergy Diagnostics Market Forecast By 2022 | Hitachi Chemical

Growing cases of allergy incidences are increasing the number of referrals to allergy clinics. This has led to an increase in the number of waiting-list patients seeking allergy diagnostic & treatment. This longer waiting time for treatment can led to eruption of severity in allergy patients. According to a latest research by Future Market Insights (FMI), the global allergy diagnostics market is anticipated to account for over US$ 4,000 Mn, in terms of value, by 2022 end. The report on allergy diagnostics further projects significant growth potential with average year-on-year growth rate pegged at 10% through 2022.

To know key findings Request Sample Report @:

According to the Food Allergy Research & Education (FARE), approximately 200,000 patients suffering from food allergies in the U.S. require emergency medical care every year. Such cases of food allergies have surged the demand for home-based allergy diagnostic techniques. Patients with history of food allergy are becoming self-aware about allergy epidemics. Allergic reactions to anaphylaxis is one of the major causes of food allergies and affect more than 40% of the children witnessing allergic reactions. The growing number of children suffering from allergic reactions is also increasing the number of patients that qualify for protection under the Americans with Section 504 of the Rehabilitation Act of 1973 & Disabilities Act of 1990 (ADA). This factor, in particular, is likely to play an instrumental role in driving the growth of the allergy diagnostic market.

A rapid increase in the number of allergic patients and longer waiting time for allergy diagnostic & treatment has created the need for more advanced and rapid allergy diagnostic solutions. Hence, in order to overcome this alarming situation, companies have introduced ready-to-use allergy diagnostic kits which can be used for on-site testing. Lateral flow assay technology in allergy diagnostic has been playing an important role as its increases allergy diagnostic test sensitivity and specificity of point of care allergy tests.

Request for Report customization @:

Drug allergies are the second most prominent type of allergic reactions in the global allergy diagnostic market. According to the Asthma and Allergy Foundation of America, 10% of the patient population prescribed with antibiotics witnesses allergic reactions, especially while consuming penicillin. This number gets doubled for all hospitalized patients. Conventional blood testing approach is more popular in drug allergy diagnostic due to its higher test specificity. Blood-based allergy test in allergy diagnostic are more reliable in case of server delayed reactions. However, skin prick tests/patch tests are more popular for antibiotics allergy diagnostic tests. Diagnostic laboratories performing allergy diagnostics are the primary point of contact for patients experiencing allergy shocks. According to FMI, the diagnostic laboratories segment accounted for over 40% revenue share in the overall allergy diagnostic market in 2017. However, the growing popularity of point of care allergy diagnostic and its crossover success in clinical studies for developing rapid allergy diagnostic solutions might limit the segment’s growth in near future.

Diversification of food consumption in Asia region signifies varied difference in allergens. Difference in type of food allergens between West and East Asia leads to demand for a unique test measure. Further, the growing number of allergic incidences in Asia Pacific region due to migration of people for education and employment is likely to boost the growth of the allergy diagnostics market in the Asia Pacific region. Increasing geriatric population and rising disposable income in Japan is expected to surge the demand for more advanced allergy diagnostic solutions. Japan allergy diagnostic market is estimated to create absolute $ opportunity worth approximately US$ 150 Mn between 2017 and 2022.

FMI has segmented the global allergy diagnostic market into assay kits, consumables and instruments. In terms of revenue, the instruments segment in allergy diagnostic will hold significant share over the forecast period. In contrary, the services segment in allergy diagnostic market will exhibit limited investment opportunities, in terms of revenue, through 2022.

Get access to full summary @:

FMI’s report tracks some of the key companies operating in the allergy diagnostics market, such as Hitachi Chemical Co., Ltd Thermo Fisher Scientific, Inc., Siemens Healthineers, Danaher Corporation,., HOB Biotech Group Co, bioMérieux, Hycor Biomedical Inc Stallergenes Greer, R-Biopharm AG and Lincoln Diagnostics, Inc.

About Us
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

Contact Us
U.S. Office
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Allergy Diagnostics Market Forecast By 2022 | Hitachi Chemical Co., Ltd Thermo Fisher Scientific, Inc., Siemens Healthineers, Danaher Corporation,., HOB Biotech Group Co, bioMérieux here

News-ID: 1394960 • Views: 261

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases

More Releases for FMI

Combat Support Vehicle Market: Global Forecast over 2028 Says FMI
Combat Support Vehicle Market: Introduction Combat support vehicles are units that provide fire assistance and operational assistance to combat elements. Combat support vehicles fulfil a wide variety of support roles. For instance, they act as a protected ambulance, provide enhanced fire power, command and control, combat engineering functions and serve as a base for intelligence, security and communications. Combat support vehicles also provide a high degree of maneuverability and protection. With
Agar Market to surpass US$ 357,091.6 by 2026 | FMI
Agar being used as an essential natural ingredient in food and beverages; in technical application; in bacteriological and many other sectors is propelling the demand for agar. Future Market Insights (FMI) estimates global agar volume to surpass 10,968.8 tonnes by 2016 end and represent market value of over US$ 220,838.5. In global market, the demand for agar is dominated by food and beverage segment which especially includes bakery and dairy products.
FMI Releases New Report on the Camphor Market 2015 – 2025
Camphor is a crystalline and translucent terpene ketone with a pleasant odor. Camphor is predominantly produced from distillation of wood and bark of the camphor tree. Physical properties of camphor differ depending on the origin, species and growing conditions of the tree. Camphor is generally whitish or has light shades of different colors including gray and olive among others. Moreover, camphor can be synthetically produced by synthesis of turpentine oil
Duodenoscope Market Intelligence and Forecast by FMI 2016-2026
Duodenoscope is a side viewing endoscope primarily designed for Endoscopic Retrograde Cholangiopancreatography (ERCP) to diagnose diseases associated with pancreas and bile ducts with the help of fluoroscopic imaging procedure. Duodenoscopes are flexible, light weighted tubes that are relieved through the mouth, throat, and stomach till the duodenum portion. Duodenoscopes are being used in more than 500,000 gastrointestinal procedures in the U.S each year as a minimally invasive way than traditional
Pharmaceutical Solvent Market Forecast and Prospectus : FMI Research
Global Market for Pharmaceutical Solvents Projected to Witness Sluggish Growth A majority of medicines & drugs produced in the world are derived from formulating Active Pharmaceutical Ingredients (API), and such processes require alcoholic solvents such as ethanol, isopropanol, propanol and propylene glycol. Production of pharmaceutical solvents continues to be concentrated in the Asia-Pacific excluding Japan (APEJ) region as leading API suppliers and drug manufacturers in the world have based their production units
Temperature Controlled Packaging Solutions Market Analysis : FMI
While North America will continue to be the most attractive market, the temperature controlled packaging solutions market in Asia Pacific excluding Japan (APEJ) will witness steady gains. According to a comprehensive analysis on the global temperature controlled packaging solutions market by Future Market Insights, companies seeking thermally-regulated packaging solutions for unhampered delivery of their products will continue to opt for insulated containers, with chest-type containers accounting for significant demand. However, during