Allergy Diagnostic Market To 2022 – Industry Analysis, Trends: Grand View Research, Inc.

Allergy Diagnostic Market Analysis By Allergen Type (Food,
Inhalers, Other Allergens), By Product (Instruments,
Consumables, Assay Kits), By End Use (Academic,
Laboratories), Application Analysis, Regional Outlook,
Competitive Strategies And Forecasts, 2015 To 2022.
Growing prevalence of allergic disorders caused by environmental factors or hosts
is expected to drive the market for allergy diagnostic market over the forecast
period. Allergy is hypersensitivity disorder in the immune system which may cause
diseases such as asthma. Increasing investment in In-vitro market coupled with
favorable government support against animal testing is likely to boost the growth
for this market.
Increasing investment in healthcare sector, growing geriatric
population base and favorable policies of government is likely to drive the market
over the forecast period. Rising prevalence of lifestyle associated diseases
complemented with changing food habits is another major driver for this market.
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Innovations in technology led to the introduction of advanced lab-automation
Reaction).Furthermore, increasing access to health insurance facility and rising
personal disposable income are expected to trigger the growth of this market by
2022. The emerging nations such as India, China and Brazil are expected to
witness significant growth opportunity over the forecast period owing to large
untapped market.By allergen type, the global allergy diagnostic market was
dominated by food allergens, in 2014.
Due to rapid increase in pollution level and other respiratory disorders the inhaled
allergens segment is anticipated to witness lucrative growth by 2022. On the basis
of products, consumable held the largest share in terms of revenue owing to rapidly
shifting lifestyle coupled with changing food habits. On the basis of end-use
market hospitals, accounted for the largest share in 2014. Increasing incidences of
ADR is anticipated to drive the market for hospitals and diagnostic centers.
In 2014, North America was the dominant market in the global allergy diagnostic
market. This market is anticipated to continue its lead over the forecast period
owing to rising demand for advanced diagnostic procedures coupled with rapid
innovation in technologies. Asia pacific region is expected to be the fastest
growing segment due to increasing geriatric population, rising per capita income
and favorable government policies.
The major players of this market are Danaher Corporation Omega Diagnostics,
Thermo Fisher Scientific, Lincoln Diagnostics and BioMerieux.
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