Allergy Diagnostics Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR43789
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The allergy diagnostics market has the potential to grow by USD 2.11 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 11.55%.

This allergy diagnostics market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (consumables and systems), end-user (diagnostic laboratories, hospitals and clinics, and physician office laboratories), and geography (North America, Europe, Asia, and ROW). The allergy diagnostics market report also offers information on several market vendors, including Abbott Laboratories, Astra Biotech GmbH, bioMérieux SA, Danaher Corp., Hitachi Chemical Co. Ltd., Lincoln Diagnostics Inc., Omega Diagnostics Group Plc, PerkinElmer Inc., R-Biopharm AG, Siemens Healthineers AG, and Thermo Fisher Scientific Inc. among others.

What will the Allergy Diagnostics Market Size be in 2021?

Allergy-Diagnostics-Market-Market-Size-2020-2025

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Allergy Diagnostics Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing healthcare expenditure is notably driving the allergy diagnostics market growth, although factors such as high cost of allergy diagnostic products and procedures may impede the market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the allergy diagnostics industry get your FREE report sample now.

This allergy diagnostics market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Allergy Diagnostics Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Abbott Laboratories
  • Astra Biotech GmbH
  • bioMérieux SA
  • Danaher Corp.
  • Hitachi Chemical Co. Ltd.
  • Lincoln Diagnostics Inc.
  • Omega Diagnostics Group Plc
  • PerkinElmer Inc.
  • R-Biopharm AG
  • Siemens Healthineers AG
  • Thermo Fisher Scientific Inc.

 

The allergy diagnostics market is fragmented and the vendors are deploying growth strategies such as upgrading their existing products and bringing innovative technologies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the allergy diagnostics market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Allergy Diagnostics Market?

Allergy-Diagnostics-Market-Market-Share-by-Region-2020-2025

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36% of the market’s growth will originate from North America during the forecast period. The US is a key market for allergy diagnostics in North America. However, market growth in this region will be slower than the growth of the market in Asia and Europe.

Advances in diagnostic technologies and the availability of automated and integrated allergy diagnostic systems will facilitate the allergy diagnostics market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Product Segments in the Allergy Diagnostics Market?

Allergy-Diagnostics-Market-Market-Share-by-Product-2020-2025

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The allergy diagnostics market share growth by the consumables segment will be significant during the forecast period. The increasing demand for consumables such as immunoassays and rapid allergy diagnostic test kits is significantly contributing toward the accelerated growth of the market during the forecast period.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the allergy diagnostics market size.

 

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What are the Key Factors Covered in this Allergy Diagnostics Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive allergy diagnostics market growth during the next five years
  • Precise estimation of the allergy diagnostics market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the allergy diagnostics industry across North America, Europe, Asia, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of allergy diagnostics market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The allergy diagnostics market growth will increase by $2137.22 million during 2019-2024.
The allergy diagnostics market is expected to grow at a CAGR of 12.89% during 2019-2024.
Technavio has segmented the allergy diagnostics market by product (Consumables and Systems) and geographic (North America, Europe, Asia, and ROW).
Abbott Laboratories, Astra Biotech GmbH, bioMérieux SA, Danaher Corp., Hitachi Chemical Co. Ltd., Lincoln Diagnostics Inc., Omega Diagnostics Group Plc, PerkinElmer Inc., R-Biopharm AG, Siemens Healthineers AG, Thermo Fisher Scientific Inc. are a few of the key vendors in the allergy diagnostics market.
North America will register the highest growth rate of 33.97% among the other regions. Therefore, the allergy diagnostics market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the allergy diagnostics market growth are:
  • Expansion of product ranges through M&A
  • Increasing funding for allergy diagnostic devices
The allergy diagnostics market vendors should focus on grabbing business opportunities from the consumables segment as it accounted for the largest market share in the base year.
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