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Allergy diagnostics market forecast, allergy diagnostics market analysis, allergy diagnostics industry, allergy diagnostics market share, allergy diagnostics market data, allergy diagnostics market overview
How Has The Allergy Diagnostics Market Performed Historically And What Is The Future Outlook?
The Allergy Diagnostics Market has shown promising growth over the years. It was valued at around $6.32 billion in 2024 and is expected to grow to $7.05 billion in 2025, displaying a compound annual growth rate (CAGR) of 11.6%. The significant growth in the historic period is attributed to the rise in prevalence of allergies, increased investments in research and development, changing dietary habits, environmental factors, and government initiatives. The forecast period is expected to witness further increase with predictions of the market growing to a staggering $11.71 billion in 2029 at a compound annual growth rate (CAGR) of 13.5%. Economic growth, expanding healthcare infrastructure and an aging population are the key contributors to this increase, with major trends in the forecast period being molecular allergy diagnostics and customized allergen profiles.
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What Are The Key Drivers For The Allergy Diagnostics Market?
A significant driver of the Allergy Diagnostics Market’s growth is the increase in occurrences of allergic diseases due to increased environmental pollution. These diseases include anaphylaxis, allergic rhinitis, food allergies, skin allergies, and allergic asthma, among others. Proper allergy diagnosis is crucial for effective Allergy treatment, which necessitates the use of Allergy Diagnostics. As a further boost to the Allergy Diagnostics market, over 50 million Americans suffer from Allergies each year, with Allergies being the 6th leading cause of illness.
How Is The Allergy Diagnostics Market Structured?
The Allergy Diagnostics Market is segmented as follows:
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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Who Are The Major Players In The Allergy Diagnostics Market?
Prominent players 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., and others.
What Are The Major Trends In The Allergy Diagnostics Market Now?
Recent trends in the Allergy Diagnostics Market point to a rise in the number of collaborations and partnerships among companies to invent new testing methods or improve existing ones. For instance, in August 2022, LifeMD announced a strategic partnership between its subsidiary, Cleared, and Allergenis, aiming to leverage Cleared’s allergy telehealth expertise and Allergenis’ peanut allergy diagnostic blood test in the direct-to-customer channel.
Which Region Is The Largest In The Allergy Diagnostics Market?
North America dominated the Allergy Diagnostics Market in 2024, with cloud coverage for Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Allergy Diagnostics Market Report 2025 Offer?
The aim of Allergy Diagnostics is to accurately identify specific allergens, such as foods, pollens, or chemicals, that trigger allergic reactions. This allows healthcare providers to suggest appropriate treatments, thus enhancing the management of allergic conditions. The Allergy Diagnostics Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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