Allergy Diagnostics Market Forecast and Insights: Exploring Growth Trends, Market Size, and Emerging Opportunities
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Major Market Drivers Are Expected to Boost the Growth Potential of the Allergy Diagnostics Market?
The expansion in the automotive catalyst market is projected to be accelerated by state efforts pertaining to emission control. Focused on several programs aimed at regulating emissions into the environment, the Indian government is playing a crucial role. Various sorts of catalysts, including noble metal, base metal, and transition metal catalysts are utilized in the control of car exhaust gas emissions. According to the reports by IndiaSpend, a non-profit Indian media platform, the government of India has committed to five new emission-reducing schemes, aiming to decrease overall carbon emissions by 1 billion tonnes and bring down the economy’s carbon intensity to below 45% by January 2022. As a result, government emissions initiatives are fuelling the progression of the automotive catalyst market.
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#What is the Anticipated CAGR of theAllergy Diagnostics Market, and What Factors Will Drive It?
In the past few years, the size of the allergy diagnostics market has seen a significant growth. It’s predicted to expand from a value of $6.32 billion in 2024 to a worth of $7.05 billion in 2025, reflecting a compound annual growth rate (CAGR) of 11.6%. Factors contributing to this growth during the historic period include an increase in allergy prevalence, financial investments in allergy diagnostics research and development, shifts in dietary practices and environmental factors, government policies, and a rising demand for personalized medicine.
Forecasts indicate that the allergy diagnostics market will experience accelerated expansion in the upcoming years, reaching a valuation of $11.71 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 13.5%. The predicted growth for the forecast period is linked to economic expansion, improved healthcare infrastructure, an increase in the aging population, and a heightened focus on early detection and prevention. Emerging trends for this period comprise molecular allergy diagnostics, personalized allergen profiles, home-use allergy testing kits, and the incorporation of artificial intelligence (AI), telemedicine and remote allergy consultations.
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What Are the Key Market Innovations in theAllergy Diagnostics Market Over the Coming Years?
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.
Who Are the Top Companies Driving Innovation and Growth in theAllergy 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
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Which Key Market Segments Comprise the Allergy Diagnostics Market and Drive Its Revenue Growth?
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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Which Regions Are Emerging as Leaders in 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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