Global Allergy Diagnostics Market 2024

Global Allergy Diagnostics Market 2024

The global allergy diagnostics market is projected to rise by USD 5.1 billion by 2030, according to the latest market study results. It is anticipated to expand at a CAGR of 10.5 percent during the forecast period. Allergy diagnostics encompass clinical procedures conducted to determine the pathological impact of seemingly harmless external agents on human health, leading to discomfort. The diagnostic approach for allergies varies based on the allergen type and transmission mode.

The segment primarily focused on inhaled allergens dominates the allergy diagnostics market, driven by factors like air pollution, environmental shifts, urbanization, and lifestyle changes, all contributing to increased exposure to inhaled allergens. Similarly, the consumables segment holds a significant market share due to rising usage of consumables aimed at reducing infection or allergic reactions during diagnosis.

Diagnostic laboratories play a pivotal role in the allergy diagnostics market, holding a major share due to initiatives such as agreements and product launches. In terms of regional dominance, North America leads the market, attributed to a high prevalence of allergic diseases, the presence of key market players, and rapid advancements in allergy diagnostics. Market drivers include the rising incidence of allergic diseases and environmental pollution, while restraints include limited awareness about allergic diseases and the affordability of allergy diagnostics. These factors collectively shape the landscape of the allergy diagnostics market, influencing its growth trajectory and market dynamics.

This comprehensive industry report provides market estimates and forecasts, accompanied by a detailed examination of the type of allergy, product type, end user, and region aspects. It delivers a quantitative analysis of the market, empowering stakeholders to leverage existing market opportunities. Furthermore, the report identifies key segments for potential opportunities and strategies, drawing insights from market trends and the approaches of leading competitors.

The global allergy diagnostics market has been extensively analyzed by categorizing it according to various sub-segments in order to provide accurate forecasts of industry size and assess trends within specific areas.

The global market for allergy diagnostics can be segmented by type of allergy: food allergens, inhaled allergens, others. Among these, the inhaled allergens segment was accounted for the highest revenue generator in 2023, accounting for more than 44.1% of the total market.

Allergy diagnostics market is further segmented by product type: consumables, instruments, luminometers. The consumables segment is estimated to account for the largest share of the global allergy diagnostics market, accounting for more than 58.6% of the total market.

Based on end user, the allergy diagnostics market is segmented into: diagnostics laboratories, hospitals, others.

On the basis of region, the allergy diagnostics market also can be divided into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. In 2023, North America made up the largest share of revenue generated by the allergy diagnostics market, accounting for more than 46.3% of the total market.

The report has also analyzed the competitive landscape of the global allergy diagnostics market with some of the key players being Abionic S.A., Biomerica Inc., Biomerieux S.A., Danaher Corporation, Hob Biotech Group Corp. Ltd., HYCOR Biomedical LLC, Immunodiagnostic Systems Holdings plc, Lincoln Diagnostics Inc., Omega Diagnostics Group plc, PerkinElmer Inc., R-Biopharm AG, Siemens Healthineers AG, Stallergenes Greer plc, Thermo Fisher Scientific Inc., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

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Gain a reliable outlook of the global allergy diagnostics market forecasts from 2024 to 2030 across scenarios.

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The market estimate for ease of analysis across scenarios in Excel format.

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Market Segments Covered in Global Allergy Diagnostics Industry Analysis:

i.) Type of allergy

• Food allergens
• Inhaled allergens
• Others

ii.) Product type

• Consumables
• Instruments
• Luminometers

iii.) End user

• Diagnostics laboratories
• Hospitals
• Others

iv.) Region

• North America
• Europe
• Asia-Pacific
• MEA (Middle East and Africa)
• Latin America