Pune, India -- (SBWIRE) -- 04/29/2019 -- Our latest research report entitled allergy diagnostics market (by type (food allergen, inhaled allergen, drug allergen, and others), product type (consumables, assay kits, and instruments), end user (hospitals, laboratories, and academics)) provides complete and deep insights into the market dynamics and growth of allergy diagnostics. Latest information on market risks, industry chain structure allergy diagnostics cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential allergy diagnostics growth factors.

The forecast allergy diagnostics market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, allergy diagnostics on the global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report.

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Allergy Diagnostics Market: Industry Insights

The global allergy diagnostics market is expected to grow with CAGR of 15% from the year 2018-2023, this is due to the increased number of cases globally provoking allergies diagnosis market. Allergies are hypersensitive responses from the immune system to substances (allergen) that either enter or come into contact with the body. An allergen is a usually harmless substance which is capable of triggering a response that starts in the immune system and results in an allergic reaction.

Allergy Diagnostics Market: Drivers and Restraints

The increasing burden of allergic diseases coupled with changing lifestyles of people is expected to boost the allergy diagnostic market globally, according to CDC report More than 50 million Americans suffer from allergies each year. Rising Environmental Pollution Levels, unhealthy food intake results in increased allergy cases. Furthermore, High Incidence and huge Economic Burden of Allergic Diseases and increased demand for accurate diagnostic tests contributing to the growth of the market. However, less awareness related to allergic diseases, concerns related to the affordability of allergy diagnostics instruments in several small clinics can hamper the growth of the market. On the other hand, presence, few players in the market provide ample opportunity for new investors with cost-efficient diagnosis tools in the market.

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Allergy Diagnostics Market: segmentation

The allergy diagnostics market is segmented by allergen type, product type and end-user. Allergen types are categorized into inhaled allergens, food allergens, drug allergens, and others. Inhaled allergens accounted for the sizeable share of the global allergy diagnostics market this is mainly due to increasing air pollution level across the globe. Based on the Product type the segment divided into Assay Kits, Instruments and Services. Assay kits hold a considerable share in the market, easy availability and significant use of assay kits in allergy testing. End-user segment sub-segmented into diagnostic laboratories, hospital-based laboratories, academic research institutes and others. Increased number of diagnostic centers with sophisticated facilities and increasing preference towards diagnostic centers for allergy test dominates diagnostic laboratories in the global market.

Allergy Diagnostics Market: Regional Insights

Geographically allergy diagnosis market divided into North America, Europe, Asia-Pacific, Latin America and RoW. North America holds the largest share in the global allergy diagnostics market, factors like the rising number of allergy cases, use of advanced diagnostic technologies contributing to the growth of the market in this region. Asia Pacific region anticipated to register high growth during the forecast period, increased number of hospitals and diagnostic laboratories, large patient pool and growing healthcare expenditure are the reasons for the growth of the market in this region.

Allergy Diagnostics Market: Competitive Analysis

Some of the leading players in the allergy diagnostic market are Thermo Fischer Scientific, Inc., Quest Diagnostics, Inc., BioMerieux SA, Omega Diagnostics Group Plc., Siemens Healthineers, Lincoln Diagnostics, Inc., Hitachi Chemical Diagnostics, Inc., stallergenes Greer plc, Hycor Biomedical Inc., Hob Biotech Group Co. Ltd.

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