Global Allergy Diagnostics Market to Grow at CAGR of ~13% During 2022 – 2031 on the Account of Developing Healthcare Infrastructure Worldwide

 Kenneth Research published a report titled “Allergy Diagnostics Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global allergy diagnostics market in terms of market segmentation by product & service, tests, allergens, end users, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global allergy diagnostics market catered the revenue of approximately USD 5.2 billion in the year 2021 and is expected to grow at a CAGR of ~13% over the forecast period, i.e., 2022 – 2031. Based on allergens, the market is bifurcated into inhaled allergens, food allergens, drug allergens, and others. The inhaled allergens segment is anticipated to show tremendous growth during the forecast period by growing at a moderate CAGR. The market growth is a result of rising cases of respiratory allergies along with growing need for allergy testing.

Allergy is defined as an abnormal response of immune system when any foreign substance such as particular food, fur, and pollen among many others enter into a body. There are endless kinds of allergies such as food allergy, skin allergy, dust allergy, allergy, insect stings, drug allergy, and mold allergy among others. The global allergy diagnostics market is majorly driven by the increasing cases of allergies, rising levels of environmental pollutions, and improvement in healthcare infrastructure.   

On the basis of region, the global allergy diagnostics market is divided into five major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa region. Out of these regions, the market in Asia Pacific region is expected to grow tremendously during the forecast period. The market growth in this region is associated with the supportive initiatives taken by government to spread awareness about allergy diagnostics. Additionally, the increasing geriatric population and growing cases of allergic conditions are few other factors anticipated to contribute in the growth of the market in Asia Pacific region.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

Rising Environmental Pollution Levels to Act as a Major Growth Factor for the Global Allergy Diagnostics Market

The key risk factors driving the global allergy diagnostics market include exposure to indoor and outdoor air pollution, allergens, and occupational exposure. Millions of individuals are being infected by rising pollution levels, which in return are spreading uncertain allergies, particularly in urban areas. According to the World Health Organization (WHO), 4.2 million deaths are reported every year due to the ambient air pollution. The increasing level of environmental pollution is therefore anticipated to serve as one of the key reasons for driving the growth of the market.

However, high cost of diagnostic instruments, lack of trained professionals, and lack of awareness about allergy related diseases are expected to operate as key restraint to the growth of global allergy diagnostics market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global allergy diagnostics market which includes company profiling Allergy Therapeutics, Lincoln Diagnostics, Inc., Showa Denko Materials Co., Ltd., Demeditec Diagnostics GmbH, Danaher, Omega Diagnostics Group PLC, bioMérieux Inc., HYCOR Biomedical, PerkinElmer, Inc. (EUROIMMUN Medizinische Labordiagnostika AG), Tecan Trading AG, THERADIAG, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global allergy diagnostics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

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