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What is the Expected Growth Rate of the Allergy Diagnostics Market from 2024 to 2033?

The allergy diagnostics market is expected to grow from $5.77 billion in 2023 to $6.48 billion in 2024, at a CAGR of 12.3%. The growth is driven by the rise in allergy prevalence, increased investments in allergy diagnostic research, changing environmental factors, and the growing demand for personalized medicine.

The allergy diagnostics market is expected to grow rapidly, reaching $10.4 billion by 2028, with a CAGR of 12.5%. Growth is driven by expanding healthcare infrastructure, the aging population, and a focus on early diagnosis and prevention. Major trends include molecular diagnostics, customized allergen profiles, home allergy testing kits, AI integration, and remote consultations.

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What Key Factors Are Fueling the Growth of the Allergy Diagnostics Market?

The prevalence of allergic diseases is expected to boost the allergy diagnostics market. Rising environmental pollution from traffic and industrial activities contributes to allergic conditions, including anaphylaxis, allergic rhinitis, food allergies, and asthma. Proper diagnosis is essential for effective treatment, as highlighted by the American College of Allergy, Asthma, and Immunology, which reported that allergies affect over 50 million Americans annually, making them the sixth leading cause of illness in the country.

What Are the Major Segments of the Allergy Diagnostics Market?

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

What New Trends Are Transforming the Allergy Diagnostics Market?

A recent trend in the allergy diagnostics market is the rise in collaborations and partnerships among companies to create new testing methods or improve existing ones. For example, in August 2022, LifeMD, a US-based telehealth company, announced a strategic partnership between its subsidiary, Cleared, and Allergenis, a predictive data analytics company based in the US. This collaboration leverages Cleared’s allergy telehealth expertise and Allergenis’ peanut allergy diagnostic blood test for direct-to-consumer use.

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Which Regions Are Driving Growth in the Allergy Diagnostics Market?

North America was the largest region in the allergy diagnostics market in 2023. The regions covered in the allergy diagnostics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The Allergy Diagnostics Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the allergy diagnostics market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Allergy Diagnostics Market Include

1. Allergy Diagnostics Market Executive Summary

2. Allergy Diagnostics Market Segments

3. Allergy Diagnostics Market Size And Template Market Growth Rate

4. Key Allergy Diagnostics Market Trends

5. Major Allergy Diagnostics Market Drivers

……

25. Key Mergers And Acquisitions In The Allergy Diagnostics Market

26. Top Allergy Diagnostics Companies

27. Allergy Diagnostics Market Opportunities And Strategies

28. Allergy Diagnostics Market, Conclusions And Recommendations

29. Appendix

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The Business Research Company offers the allergy diagnostics market research report 2024 with industry size, share, segments and market growth

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