Overview and Scope
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.
Sizing and Forecast
The allergy diagnostics market size has grown rapidly in recent years. It will grow from $5.77 billion in 2024 to $6.48 billion in 2024 at a compound annual growth rate (CAGR) of 12.3%. The growth in the historic period can be attributed to rise in prevalence of allergies, investments in research and development of allergy diagnostics, changing dietary habits and environmental factors, government initiatives, rise in demand for personalized medicine.
The allergy diagnostics market size is expected to see rapid growth in the next few years. It will grow to $10.4 billion in 2028 at a compound annual growth rate (CAGR) of 12.5%. The growth in the forecast period can be attributed to economic growth, expanding healthcare infrastructure, expansion of the aging population, greater emphasis on early diagnosis and prevention, . Major trends in the forecast period include molecular allergy diagnostics, customized allergen profiles, allergy testing kits for home use, integration of artificial intelligence (ai), telemedicine and remote allergy consultations.
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Segmentation & Regional Insights
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
Top 5 Major players:
- BioMerieux SA
- Danaher Corporation
- HOB Biotech Group Corp. Ltd
- HYCOR Biomedical
- Lincoln Diagnostics Inc
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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Major Driver Impacting Market Growth
The increased occurrences of allergic diseases will propel the growth of the allergy diagnostics market. The rise in allergy diseases has been attributed to increased environmental pollution from traffic and numerous industries. An allergic reaction is described as an abnormal immune system response to an allergen. Allergy diseases include anaphylaxis, allergic rhinitis (often referred to as ‘hay fever’), food allergies, skin allergies, and allergic asthma. Avoiding the allergen is the most essential treatment for allergic disorders. As a result, proper allergy diagnosis is crucial for effective allergy treatment. For instance, according to the American College of Allergy, Asthma, and Immunology (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.
Key Industry Players
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, Hitachi Chemical Co. Ltd, Minaris Medical America Inc., 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
The allergy diagnostics market report table of contents includes:
1. Executive Summary
2. Allergy Diagnostics Market Characteristics
3. Allergy Diagnostics Market Trends And Strategies
4. Allergy Diagnostics Market – Macro Economic Scenario
5. Global Allergy Diagnostics Market Size and Growth
…….
31. Global Allergy Diagnostics Market Competitive Benchmarking
32. Global Allergy Diagnostics Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Allergy Diagnostics Market
34. Allergy Diagnostics Market Future Outlook and Potential Analysis
35. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Allergy Diagnostics Market, Segmentation By Test Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Allergy Diagnostics Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Allergy Diagnostics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 74: BioMerieux SA Financial Performance
Table 75: Danaher Corporation Financial Performance
Table 76: HOB Biotech Group Corp. Ltd. Financial Performance
Table 77: HYCOR Biomedical Financial Performance
Table 78: Lincoln Diagnostics Inc. Financial Performance
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