Allergy Diagnostics Market Insights:
The allergy diagnostics market is projected to be worth USD 10.01 Billion by 2028, registering a CAGR of 9.8% during the forecast period (2022-2028), The market was valued at USD 5.20 Billion in 2021
The Allergy Diagnostics Market Share is projected to grow at a significant pace reaching a CAGR of approximately 9.8%, over the forecast period of 2022–2030, despite a considerable fall in product sales during the initial phase of the pandemic spread and lockdown restrictions imposed globally.
Allergy diagnostics is the process of identifying allergens, or substances that cause an allergic reaction, in a person’s body. This can be done through a variety of tests, including skin tests, blood tests, and challenge tests. The most common form of allergy diagnostics is skin testing, which can be involves exposing a small amount of the allergen to the skin and observing for a reaction. Blood tests can also be used to measure the levels of antibodies in the blood that are specific to certain allergens. Challenge tests involve exposing a person to a suspected allergen to see if it causes a reaction.
One of the primary drivers of the Allergy Diagnostics Market is the increasing prevalence of allergies worldwide. According to the World Allergy Organization, around 30% of the global population is affected by one or more allergic conditions, such as asthma, food allergies, and allergic rhinitis. Additionally, the growing awareness about allergies and their potential impact on health and quality of life has led to an increase in demand for allergy testing and diagnosis.
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The study is consolidated into major segments and further into sub-segments, such as:
· Food Allergens
· Inhaled Allergens
· Other Allergens
By End Use
· Diagnostic Laboratories
· Other End Users
Allergy Diagnostics Market Includes Key Players:
· Omega Diagnostics Group PLC
· BioMerieux SA
· Thermo Fischer Scientific Inc
· Hitachi Chemical Diagnostics Inc.
· Danaher Corporation
· Siemens Healthineers AG
Allergy Diagnostics Market Analysis, and Asian nations are steadily emerging as a result of government policies that are favorable to this market and growing public understanding of the advantages of these systems. Further, regions such as the Latin America, and Europe Middle East and Africa, are expected to boost the market expansion during the forecast period.
• Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)
• Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific)
• North America– (U.S., Canada, Mexico)
• Latin America- (Brazil, Argentina, Chile, Rest of Latin America)
• Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA)
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