Increased reliance on R&D to develop innovative diagnostic products Significant impact on market growth. The allergy diagnostics market is expected to grow at 7.7% CAGR through 2033. Rising air pollution and growing prevalence of asthma are fueling the demand for allergy diagnostics
DUBAI, United Arab Emirates, Dec. 31 2022 (GLOBE NEWSWIRE) — The allergy diagnostics market is expected to grow at a CAGR of 7.7% during the forecast period. The global market was valued at US$5.6 billion in 2023 and is expected to reach US$11.8 billion by 2033.
As pollution levels rise, the allergy diagnostics market is expected to grow. Major risk factors for chronic respiratory disease include exposure to allergens, occupational exposure, and exposure to indoor and outdoor air pollution.
Due to their greater exposure to pollutants, city dwellers are more likely than rural dwellers to suffer from allergic disorders. Rise in food allergies is expected to drive the market opportunities for allergy diagnostics.
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The prevalence of sensitive skin and its tendency to irritation have increased due to climate change, air pollution, and the complexity of materials and cosmetics. These reasons are expected to generate market opportunities for allergy diagnostics in the near future.
North America led the global market in terms of region. Growing number of allergy sufferers, improved healthcare infrastructure, and advanced diagnostic technologies are major drivers for the boom in the North American allergy diagnostics market.
In addition, the growth of the allergy diagnostics market is driven by the prominence of leading allergy diagnostics suppliers and manufacturers who offer revolutionary allergy diagnostic tests. As pharmaceutical allergy-related mortality increases, the demand for rapid and accurate allergy diagnostics will also increase.
The high frequency of allergic rhinitis (hay fever) and the prevalence of skin allergies among black Americans, including eczema and skin inflammation, will fuel the expansion of the allergy diagnostics market in the United States.
The US allergy diagnostics market is expected to grow at a CAGR of 7.1% during the forecast period. The US market is expected to reach $4.4 billion by 2023.
Awareness programs put in place by government and non-governmental groups to prevent mortality from food and drug allergies will have a positive impact on the need for allergy diagnosis in the healthcare sector.
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Information on types of allergens
The inhalant allergen sub-segment led the market by allergen. Rising levels of pollen and environmental pollution, among other factors, may contribute to the expansion of the allergy diagnostics market in the inhalant allergen sub-segment. All of these variables have the potential to increase consumer demand for inhaled allergens and accelerate market growth. During the projected period, these are expected to be the major drivers of the allergy diagnostics market size.
The allergy diagnostics market is fragmented and competitive, with many leading players in allergy diagnostic devices. The presence of major companies in the field of allergy diagnostic devices such as BioMérieux SA, Thermo Fischer Scientific Inc, Omega Diagnostics, Siemens Healthineers AG, Minaris Medical America and Danaher Corporation enhances the competitiveness of the market.
Increasing innovation and investment by various public and private entities is expected to exacerbate industrial rivalry around the world.
Using a single finger prick, people can test themselves at home for a variety of common food and respiratory allergies as part of STAT Medical’s initial product line, which launched in August 2022.
A new Allergyfocus test was introduced in June 2022 by Cambridge-based Oncologica, a leading healthcare testing centre, to help patients know which prevalent environmental allergens their body is sensitive to.
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By product type:
By type of allergen:
By type of exam:
In vivo allergy testing
In vitro allergy tests
Per end user:
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-side trends
1.4. Analysis of the technology roadmap
1.5. Analysis and recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limits
3. Market Context
3.1. Market dynamics
3.2. Scenario forecast
3.2.1. Demand in the optimistic scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in the conservative scenario
3.3. Opportunity Map Analysis
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About Healthcare at Future Market Insights
The Future Market Insights healthcare team offers expert analysis, timely research, and strategic recommendations with the aim of providing authentic information and accurate results to help customers around the world. With a repository of over 100 reports and over a million data points, the team has been insightfully analyzing the industry in over 50 countries for over a decade. The team provides a brief analysis of key trends, including the competitive landscape, profit margin, and research development efforts.
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