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What key factors are powering the surge in the allergy diagnostics market right now?

In recent times, a swift expansion has been observed in the allergy diagnostics market size. The market will experience an advancement from $6.32 billion in 2024 to $7.05 billion in 2025, with a compound annual growth rate (CAGR) of 11.6%. Factors attributing to the growth during the historical period include an escalation in allergy prevalence, investment augmentation in allergy diagnostics research and development, alterations in dietary routines and environmental influences, government-driven initiatives, and an increased demand for personalized medicine.

How fast Is the allergy diagnostics market expected to grow, and what’s its future value?

In the forthcoming years, the allergy diagnostics market is anticipated to experience a quick expansion in size. The market is projected to escalate to $11.71 billion in 2029, with a compound annual growth rate (CAGR) of 13.5%. The predicted growth during this period can be credited to factors like economic upswing, enhanced healthcare infrastructure, augmentation of the aging populace, and increased focus on preemptive diagnosis and prevention. A few key trends during this period comprise molecular allergy diagnostics, tailored allergen profiles, at-home allergy test kits, utilisation of artificial intelligence (AI), telemedicine and long-distance allergy consultations.

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What are the leading drivers of growth in the allergy diagnostics market?

The escalation in frequency of allergic ailments is anticipated to drive the advancement of the allergy diagnostics market. The surge in these diseases is largely due to the amplified environmental pollution resulting from various industries and traffic. An allergy is defined as an aberrant response of the immune system to an allergen. The spectrum of allergy illnesses encompasses anaphylaxis, allergic rhinitis (commonly known as ‘hay fever’), food allergies, skin allergies and allergic asthma. The most crucial remedy for allergic ailments involves allergen avoidance. Consequently, accurate allergy detection is pivotal for effective allergy management. For example, as per the American College of Allergy, Asthma, and Immunology (ACAAI), asthma and allergic diseases were prevalent in all age groups in the US. Asthma impacted 24 million individuals in the US, including over 6 million children. Allergies were the 6th major cause of sickness and resulted in additional expenses of approximately $18 million. Over 50 million Americans were affected by allergies on an annual basis. As such, the increase in the occurrence of allergic diseases will further bolster the development of the allergy diagnostics market.

What are the key segments defining the allergy diagnostics market?

The allergy diagnostics market covered in this report is segmented –

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

Subsegments:

1) By In-vivo Allergy Tests: Skin Prick Tests, Intradermal Tests, Patch Tests, Oral Food Challenge Tests

2) By In-vitro Allergy Tests: Enzyme-Linked Immunosorbent Assay (ELISA), Radioallergosorbent Test (RAST), Component-Resolved Diagnostics (CRD), Basophil Activation Tests (BAT)

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Who are the key players steering the development of the allergy diagnostics market?

Major companies operating in the allergy diagnostics market include BioMerieux SA, Danaher Corporation, HOB Biotech Group Corp. Ltd., HYCOR Biomedical, Lincoln Diagnostics Inc., Omega Diagnostics Group PLC., Siemens Healthineers AG, Thermo Fisher Scientific Inc., PerkinElmer Inc., R-Biopharm AG, Alcon Laboratories Inc., Abbott Laboratories, HollisterStier Allergy, NEOGEN Corporation, AESKU.GROUP GmbH, ACON Laboratories Inc., Erba Group, Astra Biotech GmbH, Stallergenes Greer, Diagenics Limited, DST Diagnostische Systeme & Technologien GmbH, HAL Allergy Group, INDOOR Biotechnologies Inc., MacroArray Technologies LLC, Microtest Laboratories Inc., Phadia AB, Quest Diagnostics, Randox Laboratories Ltd., Symbiotix Biotherapies Inc., Eurofins Viracor Inc., VRL Laboratories

What emerging trends are influencing the growth of the allergy diagnostics market?

A recent trend in the allergy diagnostics market is the increase in collaborations and partnerships between companies to innovate new testing mechanisms or enhance the current ones. For example, in August 2022, a US-based telehealth firm, LifeMD, publicized a strategic partnership with its subsidiary, Cleared and Allergenis, a firm specializing in predictive data analytics. This partnership aims to exploit Cleared’s expertise in allergy telehealth and Allergenis’ diagnostic blood test for peanut allergies in the customer-facing channel.

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Which regions are most influential in expanding the allergy diagnostics market?

North America was the largest region in the allergy diagnostics market in 2024. The regions covered in the allergy diagnostics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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