Allergy Diagnostics Market to grow further up to USD 14.1 billion by 2031 at a CAGR of 10.9% during the forecast period

New York, The allergy diagnostics market was valued at USD 5 billion in 2021 and it is anticipated to grow further up to USD 14.1 billion by 2031 at a CAGR of 10.9% during the forecast period (2022-2031).

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An allergy is a hypersensitivity condition of the immune system. Allergic reactions occur when a person's immune system reacts to harmless substances which are named allergens in the environment. Major allergens that affect the immune system are dust mites' excretion, pollen, and pet dander. There are different kinds of allergies such as food allergy, skin allergy, dust allergy, allergy to insect stings, drug allergy, and mold allergy. Food allergy is generally caused by the consumption of certain proteins found in food and may activate symptoms such as hives and digestive problems.

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Market Drivers
Increasing environmental pollution levels

Exposure to indoor and outdoor air pollutants, allergens, and occupational exposure are the major risk factors that cause chronic respiratory diseases. The prevalence of allergic disorders among the urban population is higher than those living in rural areas owing to the high exposure to environmental pollutants in cities. A new WHO air quality model confirms that 92% of the world's population lives in places where air quality levels exceed WHO limits. Some 3 million deaths per year are linked to exposure to outdoor air pollution. Indoor air pollution can be just as deadly. In 2012, an estimated 6.5 million deaths (11.6% of global deaths) were associated with indoor and outdoor air pollution together.

Use of mHealth in allergy diagnosis

Recent developments in integrated biosensors, wireless communication, and power harvesting techniques generate a new class of point-of-care devices. Conversely, AR is a very common disease. Any diagnostic device connected to a smartphone (e.g., peak nasal inspiratory flow meters or intranasal biosensors) would need to be inexpensive to be affordable.

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Market Segmental Analysis
The global allergy diagnostics market is segmented into products & services, allergen, test type, and end user.

Global Allergy Diagnostics Market by Product & Services

The various products & services considered in the global allergy diagnostics market are consumables, instruments, and services. The instruments segment is also sub-segmented into immunoassay analyzers, ELISA analyzers, luminometers, and other instruments.

The consumable segment is likely to dominate the market. The key factors such as rising cases of allergies coupled with the need for rapid tests to diagnose allergic conditions are likely to boost the growth of the segment during the forecast period.

Global Allergy Diagnostics Market by Allergen

The various allergens such as inhaled allergens, food allergens, drug allergens, and others are comprised in the global allergy diagnostics market.

The inhaled allergens segment is estimated to dominate the market. The key factors such as increasing environmental pollution combined with rising pollen coupled with other factors like fungus, mold, and dust are propelling the growth of the segment in the market.

Global Allergy Diagnostics Market by Test Type

Test types, such as in vivo tests and in vitro tests are comprised in the global allergy diagnostics market. The in vitro tests segment is also sub-segmented into skin prick tests, patch tests, and other in vivo tests.

In vivo tests is likely to dominate the global allergy diagnostics market. The key factors such as increasing adoption of various in vivo tests, such as skin prick test is boosting the growth of the segment. These tests are dependable, safe, convenient, and cost-effective, as compared to in vitro tests.

Global Allergy Diagnostics Market by End Users

The end-users such as diagnostic laboratories, hospital-based laboratories, and academic research institutes are comprised in the global allergy diagnostics market.

The diagnostic laboratories segment is likely to dominate the market. The large share of the segment can be primarily attributed to the preference for proper diagnosis from a specialist coupled with rising awareness regarding the management of allergic diseases, and the availability of funds for the operation of independent diagnostic laboratories. These factors are likely to propel the growth of the segment during the forecast period.

Geographical Analysis of Global Allergy Diagnostics Market

The global allergy diagnostics market is studied for various key countries of the regions such as North America, Europe, Asia Pacific, and the Rest of the World.

North America is likely to dominate the market during the forecast period. The key factors such as growing cases of allergies coupled with favorable reimbursement scenarios for allergy diagnosis, and the availability of supportive initiatives by associations are boosting the growth of the region.

Market Players of Global Allergy Diagnostics Market
The key players in the global allergy diagnostics market are Thermo Fisher Scientific Inc., Siemens Healthineers, Danaher, Omega Diagnostics Group PLC, bioMérieux SA, Romer Labs Division Holding, EUROIMMUN Medizinische Labordiagnostika AG, HollisterStier Allergy, NEOGEN Corporation, Eurofins Scientific, Minaris Medical America, Inc., Stallergenes Greer, HOB Biotech Group Corp., Ltd., HYCOR Biomedical, R-Biopharm AG, AESKU.GROUP GmbH, ACON Laboratories, Inc., Lincoln Diagnostics, Inc., Astra Biotech GmbH, and Erba Group among others.

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