Stratview Research has published a new report titled “Allergy Diagnostics Market” which is segmented by Product & Service Type (Consumables, Instruments [Immunoassay Analyzers, Elisa Analyzers, Luminometers, and Other Instruments], and Services), by Test Type (In Vivo Tests [Skin Prick Tests, Patch Tests, and Other In Vivo Tests] and In Vitro Tests), by Allergen Type (Inhaled Allergens, Food Allergens, Drug Allergens, and Other Allergens), by End-User Type (Diagnostic Laboratories, Hospital-based Laboratories, Academic Research Institutes, and Other End-Users), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, the market was estimated to grow from USD 4.96 Billion in 2021 to USD 10.33 Billion by 2028 at a CAGR of 10.94% during the forecast period of 2022-2028.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis –
By Product & Service Type
The Consumables segment is expected to capture the major share of the market during the forecast period.
The market is segmented into consumables, instruments, and services. The growing prevalence of allergies and the need for rapid tests to diagnose allergic conditions can be attributed to the dominance of the consumables segment.
By Test Type
In Vivo Tests are estimated to hold the major share of the market during the forecast period.
The market is segmented into in vivo tests and in vitro tests. In Vivo Tests segment is driven by the growing adoption of various in vivo tests, such as skin prick tests, as these in vivo tests are safe, cost-effective, and more convenient as compared to in vitro tests.
By End-User Type
Diagnostic Laboratories are estimated to hold the major share of the market during the forecast period.
The market is segmented into diagnostic laboratories, hospital-based laboratories, academic research institutes, and other end-users. The diagnostic Laboratories segment is driven by the growing awareness among consumers regarding the management of allergic diseases, preference for proper diagnosis from specialists, and the availability of funds for the operation of independent diagnostic laboratories.
Which Region is expected to remain the largest market?
North America is estimated to be the dominating region in the market over the forecast period.
The region is dominating because of favorable regulations and initiatives by associations, increasing incidences of allergies, and favorable reimbursement conditions for allergy diagnosis, all of which are fuelling regional market growth. Furthermore, Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players active in the Allergy Diagnostics Market:
- Danaher Corporation
- Eurofins Scientific
- Euroimmun Medizinische Labordiagnostika AG
- Hollister Stier Allergy
- Minaris Medical America, Inc.
- Neogen Corporation
- Romer Labs Division Holding GmbH
- Siemens Healthineers AG
- Stallergenes Greer Ltd.
- Thermo Fisher Scientific.
Key questions answered by the report.
- What is the projected CAGR for revenue from the Allergy Diagnostics Market during the forecast period?
- What would the market be valued at by 2028?
- What is a major driving factor for the growth of the market?
- Which region accounted for the largest revenue share in the Allergy Diagnostics Market?
- Which are the major market players?
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