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The allergy diagnostics market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 10%, as per The Business Research Company’s market report!

Read More On The Allergy Diagnostics Market Report 2022 – https://www.thebusinessresearchcompany.com/report/allergy-diagnostics-global-market-report

The Allergy Diagnostics Market Size In 2022 And Forecast

The global allergy diagnostics market is expected to grow from $4.62 billion in 2021 to $5.07 billion in 2022 at a compound annual growth rate (CAGR) of 9.78%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The allergy diagnostics market is expected to reach $7.50 billion in 2026 at a CAGR of 10.30%.

The allergy diagnostics market consists of sales of allergy diagnostics solutions by entities (organizations, sole traders, and partnerships) that are used to identify the allergen (substance causing allergic reaction) in a human body.

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Increase In Occurrences Of Allergic Diseases Is Driving The Growth Of The Allergy Diagnostics Market

For instance, according to the community-based EuroPrevall survey report, in 2019, the prevalence of probable food allergy in adults was 0.3%, 1.4%, 2.1%, 2.8%, 3.3%, and 5.6% in Athens, Reykjavik, Utrecht, Lodz, Madrid, and Zurich in 2019. The most common allergy symptoms were oral allergy symptoms (81.6%), followed by skin allergy symptoms (38.2%), and rhinoconjunctivitis (29.5%). Thus, the rise in the prevalence of allergic diseases will further support the growth of the allergic diagnostics market.

Competitive Landscape And The Regional Analysis Of The Allergy Diagnostics Market

Major players in the allergy diagnostics market are BioMerieux SA, Danaher Corporation, HOB Biotech Group Corp. Ltd, HYCOR Biomedical, Lincoln Diagnostics Inc., Omega Diagnostics Group Plc, Siemens Healthineers AG, Thermo Fischer Scientific Inc, PerkinElmer Inc. (Euroimmun AG), R-Biopharm AG, Alcon Laboratories, Inc., Abbott Laboratories, HollisterStier Allergy, NEOGEN Corporation, AESKU.GROUP GmbH, ACON Laboratories, Erba Group, and Astra Biotech GmbH.

Additionally, as per TBRC’s research – North America was the largest region in the allergy diagnostics market in 2021 holding the largest market share.

The Allergy Diagnostics Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the allergy diagnostics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the allergy diagnostics market.

Inventing New Testing Methods – A Key Trend In The Allergy Diagnostics Market

The rise in the number of collaborations and partnerships among companies operating in the allergy diagnostics industry to invent new testing methods or improve existing ones is a recent trend in the market.

Allergy Diagnostics Market Segmentation By The Business Research Company

1) By Test Type: In-vivo Allergy Tests, In-vitro Allergy Tests

2) By Allergen: Inhaled Allergens, Food Allergens, Drug Allergens

3) By Products: Consumables, Instruments, Luminometers

4) By End User: Diagnostics Laboratories, Hospital-based Laboratories, Academic and Research Institutes

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