Global Allergy Diagnostics Market Size Study, by Product & Service, by Test Type, by Allergen, by End User and Regional Forecasts 2022-2032

Description

The Global Allergy Diagnostics Market is valued at approximately USD 5.96 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 11.4% over the forecast period 2024-2032. Allergy diagnostics is the branch of medical science dedicated to identifying and analysing allergic reactions in individuals. It encompasses a variety of tests and procedures aimed at pinpointing specific allergens that trigger allergic responses in patients. These diagnostic methods may include skin prick tests, blood tests, patch tests, and oral food challenges, among others. By accurately identifying the allergens causing adverse reactions, healthcare professionals can devise effective treatment plans and strategies for managing allergies in patients. Allergy diagnostics play a crucial role in healthcare, facilitating the diagnosis and management of allergic conditions to improve patients' quality of life.

The allergy diagnostics market holds promising growth potential due to several factors, including the increasing prevalence of allergic diseases worldwide, technological advancements in diagnostic techniques, and growing demand for personalized medicine and targeted therapy. Additionally, rising awareness about early diagnosis and treatment of allergies and expansion of healthcare infrastructure in emerging economies are the prominent factors driving the growth of the market. However, high costs of allergy diagnostic instruments and stringent regulatory requirements for approval of diagnostic products are restraining the market growth. On the contrary, the integration of artificial intelligence in allergy diagnostics and the expansion of allergy testing services in retail pharmacies are creating opportunities for market growth.

The diagnostic laboratories segment dominated the market share and is expected to maintain its leading position throughout the forecast period owing to the availability of centralized facilities equipped with advanced equipment and trained personnel capable of conducting a wide range of allergy tests. Patients often rely on these laboratories to obtain accurate and reliable results for their allergy-related concerns. Additionally, diagnostic laboratories offer comprehensive allergy testing panels that cover a broad spectrum of allergens, allowing healthcare providers to identify specific triggers effectively. Moreover, the increasing prevalence of allergic diseases worldwide has led to a surge in demand for allergy testing services, driving patients to seek diagnosis and treatment in diagnostic laboratories. Furthermore, advancements in technology have enhanced the capabilities of diagnostic laboratories, enabling them to offer innovative allergy diagnostic tests with improved accuracy and efficiency. Overall, the diagnostic laboratories segment plays a crucial role in meeting the growing demand for allergy diagnostics by providing accessible, comprehensive, and reliable testing services to patients.

North America leads as the primary market for allergy diagnostics, holding the largest share in the industry during the forecast period due to the rising prevalence of allergic rhinitis, coupled with increased awareness of proper diagnostic procedures across the region. In 2022, the U.S. asserted its dominance within the North America market and is anticipated to sustain healthy growth with the highest CAGR throughout the analysis period. Factors contributing to this trend include a favorable return scenario, heightened funding for allergy diagnostic companies facilitating innovative product launches, and a surge in demand for rapid diagnostic test kits. Additionally, the U.S. witnesses a consistent increase in the population with food and skin-related allergies.

Major market players included in this report are:

Thermo Fisher Scientific Inc.
Danaher Corporation
Erba Group
Lincoln Diagnostics Inc.
Omega Diagnostics Group PLC
Siemens Healthcare Diagnostics, Inc.
Stallergenes SA
Astra Biotech GmbH
ACON Laboratories Inc.
Aesku.Group GmbH

The detailed segments and sub-segment of the market are explained below:

By Product & Service:

Instruments
Consumables
Services

By Test Type:

In Vivo
In Vitro

By Allergen:

Drug Allergens
Inhaled Allergens
Food Allergens
Other Allergens

By End User:

Hospital-based Laboratories
Diagnostic Laboratories
Other End Users

Common content for Report Description:

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Allergy Diagnostics Market Executive Summary

1.1. Global Allergy Diagnostics Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Product & Service
- 1.3.2. By Test Type
- 1.3.3. By Allergen
- 1.3.4. By End User
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Allergy Diagnostics Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Allergy Diagnostics Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Prevalence of Allergic Diseases
- 3.1.2. Technological Advancements in Diagnostic Techniques
- 3.1.3. Rising Demand for Personalized Medicine
3.2. Market Challenges
- 3.2.1. High Costs of Allergy Diagnostic Instruments
- 3.2.2. Stringent Regulatory Requirements
3.3. Market Opportunities
- 3.3.1. Integration of Artificial Intelligence in Allergy Diagnostics
- 3.3.2. Expansion of Allergy Testing Services in Retail Pharmacies

Chapter 4. Global Allergy Diagnostics Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Allergy Diagnostics Market Size & Forecasts by Product & Service 2022-2032

5.1. Segment Dashboard
5.2. Global Allergy Diagnostics Market: Product & Service Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Instruments
- 5.2.2. Consumables
- 5.2.3. Services

Chapter 6. Global Allergy Diagnostics Market Size & Forecasts by Test Type 2022-2032

6.1. Segment Dashboard
6.2. Global Allergy Diagnostics Market: Test Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. In Vivo
- 6.2.2. In Vitro

Chapter 7. Global Allergy Diagnostics Market Size & Forecasts by Allergen 2022-2032

7.1. Segment Dashboard
7.2. Global Allergy Diagnostics Market: Allergen Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Drug Allergens
- 7.2.2. Inhaled Allergens
- 7.2.3. Food Allergens
- 7.2.4. Other Allergens

Chapter 8. Global Allergy Diagnostics Market Size & Forecasts by End User 2022-2032

8.1. Segment Dashboard
8.2. Global Allergy Diagnostics Market: End User Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 8.2.1. Hospital-based Laboratories
- 8.2.2. Diagnostic Laboratories
- 8.2.3. Other End Users

Chapter 9. Global Allergy Diagnostics Market Size & Forecasts by Region 2022-2032

9.1. North America Allergy Diagnostics Market
- 9.1.1. U.S. Allergy Diagnostics Market
  - 9.1.1.1. Product & Service breakdown size & forecasts, 2022-2032
  - 9.1.1.2. Test Type breakdown size & forecasts, 2022-2032
  - 9.1.1.3. Allergen breakdown size & forecasts, 2022-2032
  - 9.1.1.4. End User breakdown size & forecasts, 2022-2032
- 9.1.2. Canada Allergy Diagnostics Market
9.2. Europe Allergy Diagnostics Market
- 9.2.1. U.K. Allergy Diagnostics Market
- 9.2.2. Germany Allergy Diagnostics Market
- 9.2.3. France Allergy Diagnostics Market
- 9.2.4. Spain Allergy Diagnostics Market
- 9.2.5. Italy Allergy Diagnostics Market
- 9.2.6. Rest of Europe Allergy Diagnostics Market
9.3. Asia-Pacific Allergy Diagnostics Market
- 9.3.1. China Allergy Diagnostics Market
- 9.3.2. India Allergy Diagnostics Market
- 9.3.3. Japan Allergy Diagnostics Market
- 9.3.4. Australia Allergy Diagnostics Market
- 9.3.5. South Korea Allergy Diagnostics Market
- 9.3.6. Rest of Asia Pacific Allergy Diagnostics Market
9.4. Latin America Allergy Diagnostics Market
- 9.4.1. Brazil Allergy Diagnostics Market
- 9.4.2. Mexico Allergy Diagnostics Market
- 9.4.3. Rest of Latin America Allergy Diagnostics Market
9.5. Middle East & Africa Allergy Diagnostics Market
- 9.5.1. Saudi Arabia Allergy Diagnostics Market
- 9.5.2. South Africa Allergy Diagnostics Market
- 9.5.3. Rest of Middle East & Africa Allergy Diagnostics Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
- 10.1.2. Company2
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. Thermo Fisher Scientific Inc.
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Market Strategies
- 10.3.2. Danaher Corporation
- 10.3.3. Erba Group
- 10.3.4. Lincoln Diagnostics Inc.
- 10.3.5. Omega Diagnostics Group PLC
- 10.3.6. Siemens Healthcare Diagnostics, Inc.
- 10.3.7. Stallergenes SA
- 10.3.8. Astra Biotech GmbH
- 10.3.9. ACON Laboratories Inc.
- 10.3.10. Aesku.Group GmbH

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes