(Health-NewsWire.Net, January 12, 2018 ) According to Publisher, the Global Allergy Diagnostics Market is accounted for $3.04 billion in 2016 and is expected to reach $7.09 billion by 2023 growing at a CAGR of 12.8% during the forecast period. Factors such as rising healthcare expenses, growing environmental pollution, increasing geriatric population and huge financial burden of allergic diseases are fuelling the market growth. Moreover, rapid growth in health care infrastructure in developing economies is also favoring the market growth. However, stringent regulations and huge capital investments are hampering the allergy diagnostics market.
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The assay kits segment commanded the largest share of the global market due to the growing count of allergic diseases. An assay kit provides effective demonstration and accurate test results are the major factors to adopt in diagnostic tests. Besides, inhaled allergen type is expected to command the market share owing to inhaling polluted air. North America dominated the global market owing to the increasing aging population and rising pollution due to urbanization in the region. However, the Asia Pacific is expected to grow at a faster pace due to the presence of largely untapped market.
Some of the key players in allergy diagnostics market include Allercheck Inc., Bio-Diagnostics Ltd., BioMérieux, Danaher Corporation, Diagenics Ltd., ERBA Mannheim Group, Hitachi Chemical Diagnostics, Inc., HOB Biotech Group Co., Ltd, HYCOR Biomedical, Lincoln Diagnostics, Inc., Omega Diagnostics Group PLC, Siemens AG, SmartPractice Denmark ApS, Stallergenes Greer, Terumo Medical Corporation, and Thermo Fisher Scientific, Inc.
Products & Services Covered: -Assay Kits -Consumables -Instruments -Services
Allergen Types Covered: -Food Allergens -Seasonal Allergens -Drug Allergens -Anaphylaxis/Contact Allergens -Inhaled Allergens -Other Allergens
Diagnostic Test Types Covered: -Elimination Diet -In Vitro Tests -In Vivo Tests -Other Diagnostic Test Types
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End User Types Covered: -Academic Research Institutes -Diagnostic Laboratories -Hospitals -Other End Users
Regions Covered: -North America -US -Canada -Mexico -Europe -Germany -UK -Italy -France -Spain -Rest of Europe -Asia Pacific -Japan -China -India -Australia -New Zealand -South Korea -Rest of Asia Pacific -South America -Argentina -Brazil -Chile -Rest of South America -Middle East & Africa -Saudi Arabia -UAE -Qatar -South Africa -Rest of Middle East & Africa
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