Global Allergy Diagnostics Markets 2021-2027: Environmental Changes and Pollution Aggravate Incidence of Allergic Reactions, Resulting in Increased Need for Allergy Diagnostics
Dublin, July 13, 2021 (GLOBE NEWSWIRE) -- The "Allergy Diagnostics - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Allergy Diagnostics Market to Reach US$8.5 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Allergy Diagnostics estimated at US$4.6 Billion in the year 2020, is projected to reach a revised size of US$8.5 Billion by 2027, growing at a CAGR of 9.1% over the analysis period 2020-2027.
Assay Kits, one of the segments analyzed in the report, is projected to grow at a 9.8% CAGR to reach US$4.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Instruments segment is readjusted to a revised 8.9% CAGR for the next 7-year period. This segment currently accounts for a 27.8% share of the global Allergy Diagnostics market.
The U.S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 12.1% CAGR for the Period of 2020-2027
The Allergy Diagnostics market in the U.S. is estimated at US$1.2 Billion in the year 2020. The country currently accounts for a 27.03% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.8 Billion in the year 2027 trailing a CAGR of 12.2% through 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.1% and 7.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.1% CAGR while Rest of European market (as defined in the study) will reach US$1.8 Billion by the year 2027.
Services Segment Corners a 20.6% Share in 2020
In the global Services segment, USA, Canada, Japan, China and Europe will drive the 7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$718 Million in the year 2020 will reach a projected size of US$1.1 Billion by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.2 Billion by the year 2027, while Latin America will expand at a 8.8% CAGR through the analysis period.
Focus on Select Players
Alk-Abello A/S (Denmark)
Allergy Therapeutics PLC (UK)
Angsana Molecular & Diagnostics Laboratory Pte. Ltd. (Singapore)
Astra Biotech Gmbh (Germany)
biomerieux SA (France)
Danaher Corporation (USA)
Demeditec Diagnostics GmbH (Germany)
EUROIMMUN AG (Germany)
GA Generic Assays GmbH (Germany)
Hitachi Chemical Co., Ltd. (Japan)
INDOOR Biotechnologies, Inc. (USA)
Lincoln Diagnostics, Inc. (USA)
Omega Diagnostics Group Plc (UK)
R-Biopharm Ag (Germany)
Roxall Medizin GmbH (Germany)
Stallergenes Greer (UK)
Siemens Healthineers (Germany)
Tecan Trading AG (Switzerland)
Theradiag (France)
Thermo Fisher Scientific Inc. (USA)
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
Allergens: A Prelude
Key Allergy Stats
Allergy: Symptoms and Causes
Global Allergy Diagnostics Market Set to Witness Rapid Growth
With Allergies on the Rise for Whatever Reason Be It Our Neanderthal Genes or Hygiene Hypothesis or Vitamin D Hypothesis, the Need for Effective Diagnostics Has Never Been Greater
Assay Kits Dominate the Allergy Diagnostics Market
Inhaled Allergens Segment to Witness Fastest Growth
US Dominates the Allergy Diagnostics Market, While China to Witness the Fastest Growth
Rising Demand for In-Vitro Diagnostic Tests for Allergy Diagnosis
Development of Effective Allergy Diagnostic Products Cuts Down on Healthcare Spending
Labs Embrace Automation and Advanced Allergy Tests for Fast Turnaround Times
Need to Offer Quality Services at Affordable Costs Prompts Labs to Consider Reagent Rental Agreements
In-Vitro IgE Molecular Diagnostics to Transform Allergy Testing Market
Macro Array Diagnostics Unveils Allergy Explorer for Allergy Diagnostics
Rising Alcohol and Drug Abuse Increases Demand for Allergy Diagnostics
Increasing Cases of Allergies Drive Development of Advanced Allergy Diagnostics Solutions
Focus on Single and Protein Allergens
IgE Antibody Tests
Allergy Diagnostic Reagents on Microchip
Allergy Diagnosis Moves from Lab-based to Decentralized POC Tests
Patch Test to Experience Healthy Growth
SmartPractice Secures FDA Approval for T.R.U.E. Test(R) Patch Test for Pediatric Use
Providers of Allergy Diagnostic Services Focus on Vertical Integration
Allergic Diagnostic Challenges in Patients
Enhanced Access to Allergy Diagnosis Medical Insurance & Instrument Allowances in the US Widen Market Prospects
Typical Cost Structure for Allergy Testing
Select Digital Technologies to Provide Help in Managing Food Allergy
Select Recent Launches in the Allergy Diagnostics Market to Bolster Market Expansion
EUROIMMUM Develops EUROLINE DPA-Dx Pollen Southern Europe 1 Test for Pollen Allergies
Hycor Biomedical Secures FDA Clearance for NOVEOS Allergy Testing System
ASI Introduces IVT Allergy(R) 3 Screen Panel for Allergy Skin Testing
CLA-1 (TM) Luminometer In-Vitro Allergy Testing Platform for Accurate, Reliable Results
Growth Drivers
Increasing Prevalence and Incidence of Allergic Disorders to Drive the Demand for Allergy Diagnostics
Atopic Dermatitis (Eczema) Prevalence Rates among Global Adult Population
Environmental Changes and Pollution Aggravate Incidence of Allergic Reactions, Resulting in Increased Need for Allergy Diagnostics
Major Environmental Factors with Link to Allergic Diseases
Growing Number of Food Allergy Cases Fuels Demand for Allergy Testing Kits
Prevalence Rate of Five Common Food Allergies among US Adults
Factors Responsible for Rising Prevalence of Food Allergy
Burgeoning Aging Population and Longer Life Expectancy to Drive Allergy Diagnostics Market
Market Restraints
Inadequate Knowledge about Food Allergy Inhibits Growth of Allergy Diagnostic Market
Expensive Nature of Allergy Diagnostics Approaches Limits Market Growth
New Regulations and Statutory Provisions to Affect Diagnostic Allergen Extracts
III. MARKET ANALYSIS
Allergy Prevalence Statistics
Incidences of Food Allergy and Intolerance on the Rise among Americans
Pain Killer Abuse Leads to High Incident of Drug Allergy Reactions
US Witnesses Increasing Popularity of At-Home Allergy Diagnostic Kits
US Offers Favorable Reimbursements 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 Companies Profiled: 67
For more information about this report visit https://www.researchandmarkets.com/r/t4vcfo
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