allergy diagnostics market
Healthcare Services

What Will The Allergy Diagnostics Market Look Like In 2023?

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s allergy diagnostics market report forecasts the allergy diagnostics market size to grow to $8.52 Billion by 2027, with a CAGR (compound annual growth rate) of more than 10%.

Learn More On The Allergy Diagnostics Market Report 2023 – https://www.thebusinessresearchcompany.com/report/allergy-diagnostics-global-market-report

Allergy Diagnostics Market Size Forecast
The global allergy diagnostics market is expected to grow from $5.1 billion in 2022 to $5.66 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. 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, causing inflation across goods and services and affecting many markets across the globe. The allergy diagnostics market size is expected to grow to $8.52 billion in 2027 at a CAGR of 10.8%.

North America held the largest allergy diagnostics market share.

Key Allergy Diagnostics Market Driver ­– Increase In Occurrences Of Allergic Diseases
For instance, according to the American College of Allergy, Asthma, and Imuunology (ACAAI), asthma and allergic diseases were common in the US for all the age groups. Asthma affected 24 million people in the US which included more than 6 million children. Allergies were 6th leading cause of illness and costed around $18 million in excess. More than 50 million Americans suffered from allergies each year. Thus, the rise in the prevalence of allergic diseases will further support the growth of the allergic diagnostics market.

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Key Allergy Diagnostics Market Trend – Inventing New Testing Methods
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. For instance, in August 2022, LifeMD, a US-based telehealth company announced strategic partnership between its wholly-owned subsidiary, Cleared and Allergenis, a US-based predictive data analytics company. The strategic partnership is aimed at leveraging Cleared’s allergy telehealth expertise and allergenis’ peanut allergy diagnostic blood test in the direct-to-customer channel.

Allergy Diagnostics Market Segment
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

Allergy Diagnostics Market Major Players and Strategies
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.

In October 2021, IMA Group, a physician-founded network of integrated clinical research sites specializing in Phase II-IV clinical trials in multiple therapeutic, announced the acquisition of Diagnostics Research Group for an undisclosed amount. The acquisition provided IMA access to a wider range of patient populations and allows it to expand into the southwest United States. It also expands IMA’s Clinical Research Division and its network of over 90 physical medical offices. Diagnostics Research Group (DXRG) is a clinical research site based in San Antonio, Texas, with expertise in vaccine and medical device development, internal medicine, allergies, and pulmonary and fatty liver diseases.

The Allergy Diagnostics Global Market Report 2023 covers regional data on allergy diagnostics market size, allergy diagnostics market trends and drivers, opportunities, strategies, and allergy diagnostics market competitor analysis. 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, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

An allergy is a reaction of the immune system to an allergen that isn’t normally detrimental to the human body. Allergens are foreign substances that cause allergic reactions. Allergens include foods such as peanuts, milk, eggs, and wheat, as well as pollen and pet dander.Allergy diagnostics is a procedure used by a qualified allergy specialist to evaluate if the body is allergic to a certain substance.

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