Allergy Diagnostics Market to be Worth US$3.8 Billion by 2024, Says TMR
Friday, January 11, 2019
ALBANY, New York, January 11, 2019 /PRNewswire/ --
As reported by TMR, the global allergy diagnostics market
[https://www.transparencymarketresearch.com/allergy-diagnostics-market.html ] is likely to
expand at a 12.80% CAGR over the forecast period 2016 to 2024. At this rate, the market is
estimated to be worth US$3.8 bn by 2024. Among the product types, consumable are projected
to gain prominence in the global allergy diagnostics market. Geography-wise, North America
is anticipated to remain a lucrative regional market over the forecast period. This could
be on account on the first-class healthcare infrastructure in the region.
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Surge in Incidence of Allergies to Spur Growth
Patients are required to be diagnosed with allergies such as hay fever accurately.
Food allergies are also increasing. There are about 17 million EU citizens with food
allergies, and in the last ten years hospital admissions for severe allergies and their
reactions have increased seven times in children, according to the European Academy of
Allergy and Clinical Immunology (EAACI). Anaphylaxis, nutritional allergies, forms of
asthma, conjunctivitis, eczema, eosine and allergy to medicinal products and insects
include allergy. The new diagnostic market is therefore expected to grow at a good pace
with the increasing incidence of allergic diseases. Additionally, the emerging strategies
for detection and control through new approaches for allergies are expected to drive the
allergy diagnostics market in the coming years.
Spread of Awareness Regarding Allergens to Boost Opportunity
Governments worldwide are gradually encouraging the expansion of vaccines and new
treatments for different allergic syndromes, thereby fueling the expansion of the market
for allergy diagnostics. Governments also invest in research and development activities to
expand high-tech diagnostic methods for allergic diseases. As governments take actions to
improve health care facilities, the main contributors to the development of the health
sector are major drug companies and medicines for allergic syndromes.
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The global allergy diagnostics market is expected to see high growth in the coming
years, according to a report by Transparency Market Research (TMR). The market's
competitive landscape comprises features consolidation at present, with a small number of
vendors holding substantial shares in the global allergy diagnostics market. The market
fosters moderate competition among the vendors.
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Market players are seen focusing on several organic and inorganic strategies in order
to gain momentum in the global allergy diagnostics market. Among these, mergers and
acquisitions, and partnerships are expected to be adopted gratuitously. Vendors are
furthers seen focusing on adopting the latest technological innovations in their offering.
Research and development of novel products is another area that players are focusing on in
order to gain market shares.
Leading vendors operating in the global allergy diagnostics market include Omega
Diagnostics Group Plc., Quest Diagnostics Inc., BioMerieux, Thermo Fisher Scientific Inc.,
and Stallergenes Greer.
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The study presented here is based on a report by Transparency Market Research (TMR)
titled, "Allergy Diagnostics Market (Product - Assay Kits, Consumables, and Instruments;
Allergen Type - Inhaled Allergens, Food Allergens, and Drug Allergens; Test Type - In-vivo
and In-vitro tests; End Users - Hospitals, Diagnostic Laboratories, and Academic Research
Institutes) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 -
Popular Research Reports by TMR:
- Allergy Immunotherapy Market:
- Allergy Treatment Market:
- Pediatric Health Care Products and Services
Transparency Market Research (TMR) is a global market intelligence company providing
business information reports and services. The company's exclusive blend of quantitative
forecasting and trend analysis provides forward-looking insight for thousands of decision
makers. TMR's experienced team of analysts, researchers, and consultants use proprietary
data sources and various tools and techniques to gather and analyze information.
TMR's data repository is continuously updated and revised by a team of research
experts so that it always reflects the latest trends and information. With extensive
research and analysis capabilities, Transparency Market Research employs rigorous primary
and secondary research techniques to develop distinctive data sets and research material
for business reports.
Mr. Rohit Bhisey
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
Research Blog: https://theglobalhealthnews.com
SOURCE Transparency Market Research
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