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Allergy Diagnostics - Market Analysis, Trends, and Forecasts

  • ID: 4805131
  • Report
  • January 2020
  • Region: Global
  • 689 pages
  • Global Industry Analysts, Inc
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The Allergy Diagnostics market worldwide is projected to grow by US$3.2 Billion, driven by a compounded growth of 10.1%. Assay Kits, one of the segments analyzed and sized in this study, displays the potential to grow at over 10.9%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$3.4 Billion by the year 2025, Assay Kits will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 9.5% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$93.3 Million to the region's size and clout in the next 5 to 6 years. Over US$96.6 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Assay Kits will reach a market size of US$167.4 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 15% over the next couple of years and add approximately US$442.8 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others:
  • Alk-Abello A/S
  • Allergy Therapeutics PLC
  • Angsana Molecular & Diagnostics Laboratory Pte. Ltd.
  • Astra Biotech Gmbh
  • biomerieux SA
  • Danaher Corporation
  • Demeditec Diagnostics GmbH
  • EUROIMMUN AG
  • GA Generic Assays GmbH
  • Hitachi Chemical Co., Ltd.
  • INDOOR Biotechnologies, Inc.
  • Lincoln Diagnostics, Inc.
  • Omega Diagnostics Group Plc
  • R-Biopharm Ag
  • Roxall Medizin GmbH
  • Stallergenes Greer
  • Siemens Healthineers
  • Tecan Trading AG
  • Theradiag
  • Thermo Fisher Scientific Inc.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Allergens: A Prelude
Key Allergy Stats
Allergy: Symptoms and Causes
Global Allergy Diagnostics Market Set to Witness Rapid Growth
With Allergies on the Rise for Whatever Reason Be It Our Neanderthal Genes or Hygiene Hypothesis or Vitamin D Hypothesis, the Need for Effective Diagnostics Has Never Been Greater
Global Prevalence of Allergies (In Million)
Assay Kits Dominate the Allergy Diagnostics Market
Inhaled Allergens Segment to Witness Fastest Growth
US Dominates the Allergy Diagnostics Market, While China to Witness the Fastest Growth
World Allergy Diagnostics Market by Region (2019 & 2025): Percentage Breakdown of Dollar Sales for Developed and Developing Regions
World Allergy Diagnostics Market - Geographic Regions Ranked by Volume CAGR for 2018-2025: China, Asia-Pacific, Latin America, Middle East, Canada, USA, Africa, Europe, and Japan
Rising Demand for In-Vitro Diagnostic Tests for Allergy Diagnosis
Global In-Vitro Diagnostics (IVD) Market Revenues (in %) by Segment for the Year 2019
Global In-Vitro Diagnostics (IVD) Market Revenues (in %) by Geographic Region for the Year 2019
Competitive Landscape
Allergy Diagnostics Competitor Market Share Scenario Worldwide (in %): 2019

2. FOCUS ON SELECT PLAYERS
Alk-Abelló A/S (Denmark)
Allergy Therapeutics PLC (UK)
Angsana Molecular & Diagnostics Laboratory Pte. Ltd. (Singapore)
Astra Biotech Gmbh (Germany)
biomérieux SA (France)
Danaher Corporation (USA)
Demeditec Diagnostics GmbH (Germany)
EUROIMMUN AG (Germany)
GA Generic Assays GmbH (Germany)
Hitachi Chemical Co., Ltd. (Japan)
INDOOR Biotechnologies, Inc. (USA)
Lincoln Diagnostics, Inc. (USA)
Omega Diagnostics Group Plc (UK)
R-Biopharm Ag (Germany)
Roxall Medizin GmbH (Germany)
Stallergenes Greer (UK)
Siemens Healthineers (Germany)
Tecan Trading AG (Switzerland)
Theradiag (France)
Thermo Fisher Scientific Inc. (USA)

3. MARKET TRENDS & DRIVERS
Development of Effective Allergy Diagnostic Products Cuts Down on Healthcare Spending
World Healthcare Expenditure (In US$ Trillion) for the Years 2017, 2019, 2021 & 2023
Per Capita Healthcare Expenditure (in $) by Select Countries for 2018
Labs Embrace Automation and Advanced Allergy Tests for Fast Turnaround Times
Need to Offer Quality Services at Affordable Costs Prompts Labs to Consider Reagent Rental Agreements
In-Vitro IgE Molecular Diagnostics to Transform Allergy Testing Market
Macro Array Diagnostics Unveils Allergy Explorer for Allergy Diagnostics
Rising Alcohol and Drug Abuse Increases Demand for Allergy Diagnostics
Increasing Cases of Allergies Drive Development of Advanced Allergy Diagnostics Solutions
Focus on Single and Protein Allergens
IgE Antibody Tests
Allergy Diagnostic Reagents on Microchip
Allergy Diagnosis Moves from Lab-based to Decentralized POC Tests
Patch Test to Experience Healthy Growth
SmartPractice Secures FDA Approval for T.R.U.E. Test® Patch Test for Pediatric Use
Providers of Allergy Diagnostic Services Focus on Vertical Integration
Allergic Diagnostic Challenges in Patients
Enhanced Access to Allergy Diagnosis Medical Insurance & Instrument Allowances in the US Widen Market Prospects
Typical Cost Structure for Allergy Testing
Select Digital Technologies to Provide Help in Managing Food Allergy
Select Recent Launches in the Allergy Diagnostics Market to Bolster Market Expansion
EUROIMMUM Develops EUROLINE DPA-Dx Pollen Southern Europe 1 Test for Pollen Allergies
Hycor Biomedical Secures FDA Clearance for NOVEOS Allergy Testing System
ASI Introduces IVT Allergy® 3 Screen Panel for Allergy Skin Testing
CLA-1™ Luminometer In-Vitro Allergy Testing Platform for Accurate, Reliable Results
Growth Drivers
Increasing Prevalence and Incidence of Allergic Disorders to Drive the Demand for Allergy Diagnostics
Atopic Dermatitis (Eczema) Prevalence Rates among Global Adult Population
Environmental Changes and Pollution Aggravate Incidence of Allergic Reactions, Resulting in Increased Need for Allergy Diagnostics
Major Environmental Factors with Link to Allergic Diseases
Growing Number of Food Allergy Cases Fuels Demand for Allergy Testing Kits
Prevalence Rate of Five Common Food Allergies among US Adults
Factors Responsible for Rising Prevalence of Food Allergy
Burgeoning Aging Population and Longer Life Expectancy to Drive Allergy Diagnostics Market
Global Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
Market Restraints
Inadequate Knowledge about Food Allergy Inhibits Growth of Allergy Diagnostic Market
Expensive Nature of Allergy Diagnostics Approaches Limits Market Growth
New Regulations and Statutory Provisions to Affect Diagnostic Allergen Extracts

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Allergy Prevalence Statistics
Incidences of Food Allergy and Intolerance on the Rise among Americans
Pain Killer Abuse Leads to High Incident of Drug Allergy Reactions
US Witnesses Increasing Popularity of At-Home Allergy Diagnostic Kits
US Offers Favorable Reimbursements for Allergy Testing
Market Analytics
CANADA
JAPAN
CHINA
EUROPE
Food Allergy: Regulatory Overview
EU FIC Regulation
Soy Allergy Regulations
Egg Allergy Regulations
Market Analytics
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
Allergy: An Overview
Market Analytics
AUSTRALIA
INDIA
Food Allergies and Intolerances on the Rise among Indians
Market Analytics
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA

IV. COMPETITION
Total Companies Profiled : 61 (including Divisions/Subsidiaries - 67)
Note: Product cover images may vary from those shown
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