Allergy Diagnostics Market by Type, Product Type, Test, End User

List of Tables

[187 Pages Report] The Allergy Diagnostics Market size was estimated at USD 5.63 billion in 2023 and expected to reach USD 5.94 billion in 2024, at a CAGR 5.76% to reach USD 8.35 billion by 2030.

Allergy diagnostics encompass a range of medical procedures and tests used to identify specific allergens responsible for causing allergic reactions in individuals. These diagnostics are crucial for the precise management and treatment of allergies, aiding in developing personalized treatment plans. The escalating prevalence of allergic conditions globally is a primary driver for expanding the use of allergy diagnostics. Environmental factors such as pollution and changes in lifestyle also contribute to this growth, alongside heightened awareness and advancements in diagnostic technologies, which offer more accurate and quicker results. However, one significant disadvantage is the high cost of allergy diagnostic tests, making them less accessible to a population segment, particularly in lower-income regions. Moreover, there might be false positives or negatives, which could lead to incorrect diagnosis or treatment. These issues can be addressed through the continuous development and refinement of testing technologies to reduce costs and improve accuracy. Looking toward the future, opportunities in the allergy diagnostics market lie in integrating digital health technologies, such as telehealth and mobile health applications, which can potentially increase accessibility. Furthermore, ongoing research and development could pave the way for innovative diagnostic methods, contributing to the growth and efficiency of allergy diagnostics, making it a vital field in managing and treating allergies.

KEY MARKET STATISTICS
Base Year [2023]	USD 5.63 billion
Estimated Year [2024]	USD 5.94 billion
Forecast Year [2030]	USD 8.35 billion
CAGR (%)	5.76%

Regional Insights

The Americas represents one of the most prominent markets for allergy diagnostics due to a high prevalence of allergic conditions. Innovation and technological advancements drive growth, with consumers prefer quick, reliable, and easy-to-use diagnostic solutions. Recent investments are geared towards expanding testing capabilities and exploring digital health solutions to enhance patient outcomes. The European market is highly fragmented with regulations and guidelines driving the adoption of standardized allergy diagnostic tests. The EU's focus on healthcare quality and accessibility has led to the adoption of advanced diagnostic technologies. Consumer behavior in Europe shows a preference for personalized medicine, driving demand for customized diagnostic solutions. The allergy diagnostics market in the Middle East is growing, with an increasing incidence of allergic diseases. The region sees investments in healthcare infrastructure and a rising awareness about the importance of early diagnosis. Consumers are becoming more health-conscious, reflected in the demand for high-quality diagnostic services. Africa's market is nascent but shows potential due to a growing middle class and efforts to improve healthcare accessibility. Challenges include the lack of awareness and inadequate healthcare infrastructure. However, initiatives to strengthen healthcare systems are expected to boost the market for allergy diagnostics. The APAC market for allergy diagnostics is expanding rapidly, driven by urbanization, pollution, and changing lifestyles that are leading to an increase in allergic conditions. The government and private sector are investing in healthcare reforms, including allergy diagnosis and treatment.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Allergy Diagnostics Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Rising incidences of allergy cases and changes in weather patterns across the world
- Awareness regarding allergies and government initiatives supporting the deployment of diagnostics solutions
- Expansion of pharmacies and diagnostics facilities providing allergy management solutions

Market Restraints
- Incidences of product recall of certain allergy diagnostics solutions and tools

Market Opportunities
- Ongoing technological innovations to improve the accuracy and sensitivity of allergy diagnostics solutions
- Expansion of digital and telehealth platforms and preference for personalized diagnostic solutions

Market Challenges
- Variability in results and low sensitivity issues associated with allergy diagnostics solutions

Market Segmentation Analysis
- Type: Ubiquitous nature of inhaled allergens in the environment and chances of frequent exposure
- End User: Expansion of diagnostic laboratories across the world supported by government initiatives for modernizing healthcare

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Allergy Diagnostics Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Allergy Diagnostics Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Revolutionary Advancements in Milk Allergy Diagnostics and Management Presented by AllerGenis

AllerGenis Inc. made significant contributions with two groundbreaking presentations aimed at enhancing the diagnosis and management of cow's milk allergy. The company introduced an innovative blood test for distinguishing between baked and non-baked milk allergies through epitope-specific IgE antibody profiling. This technique represents a safer alternative to traditional oral food challenges, potentially transforming how milk allergies are diagnosed and managed. Furthermore, AllerGenis presented another study focusing on the prediction of outcomes in milk allergy oral immunotherapy. This epitope-specific approach aims to personalize treatment plans by identifying patients likely to achieve sustained unresponsiveness, thereby optimizing the timing for oral food challenges. [Published On: 2023-06-07]

Metropolis Healthcare's Introduction of AI-Powered Component Resolved Diagnostics (CRD)

Metropolis Healthcare Limited has introduced a cutting-edge Component Resolved Diagnostics (CRD) testing platform, leveraging the power of artificial intelligence (AI) to enhance clinical decision-making and treatment optimization for patients with allergic conditions. This innovative fourth-generation allergy testing technology, underpinned by nanotechnology-based Multiplex systems, facilitates the detection of specific IgE antibodies against an exhaustive array of 295 allergens, including 158 food allergens, 127 respiratory allergens, and ten contact allergens, all through a simple blood test. The CRD test stands out for its ability to pinpoint the exact protein-level sensitization in patients, thereby offering precise identification and characterization of the allergens responsible for reactions. [Published On: 2023-05-17]

Introduction of Allergynius Dx by Dr. Dang's Lab For Allergy Diagnostics through AI

Dr. Dang's Lab introduced Allergynius Dx, a cutting-edge Molecular Allergy Diagnostic test harnessing the power of Artificial Intelligence (AI). This state-of-the-art test utilizes Microarray technology enhanced with Nano Particles to identify allergies, providing comprehensive analysis for 163 food and respiratory allergens and 294 specific components. This advancement is a significant stride towards personalized medicine, enabling doctors to make precise assessments of a patient's allergic reactions. [Published On: 2023-05-02]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Allergy Diagnostics Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Allergy Diagnostics Market, highlighting leading vendors and their innovative profiles. These include ALK-Abello A/S, Allergy Therapeutics PLC, Astra Biotech GmbH, Bausch & Lomb Incorporated, Biomerieux SA, Danaher Corporation, Dr. Fooke-Achterrath Laboratorien GmbH, DST Diagnostische Systeme & Technologien GmbH, Erba Group by Transasia Bio-Medicals Ltd., Eurofins Scientific SE, EUROIMMUN Medizinische Labordiagnostika AG, HAL Allergy B.V., Hitachi, Ltd., HOB Biotech Group Corp., Ltd., HollisterStier by Jubilant Life Sciences Limited, HYCOR Biomedical LLC, Lincoln Diagnostics, Inc., Minaris Medical America, Inc., Neogen Corporation, Omega Diagnostics Group PLC, R-Biopharm AG, Romer Labs Division Holding GmbH by Royal DSM, ROXALL Medizin GmbH, Siemens AG, Stallergenes Greer International AG, Tecan Trading AG, and Thermo Fisher Scientific Inc..

Market Segmentation & Coverage

This research report categorizes the Allergy Diagnostics Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Drug Allergen
- Food Allergen
- Inhaled Allergen

Product Type
- Assay Kits
- Consumables
- Instruments
  - Immunoassay Analyzers
  - Luminometers
Test
- In-Vitro Tests
- In-Vivo Tests

End User
- Academic Research Institutes
- Diagnostic Laboratories
- Hospital-Based Laboratories

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-436901065A32

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising incidences of allergy cases and changes in weather patterns across the world
  - 5.1.1.2. Awareness regarding allergies and government initiatives supporting the deployment of diagnostics solutions
  - 5.1.1.3. Expansion of pharmacies and diagnostics facilities providing allergy management solutions
- 5.1.2. Restraints
  - 5.1.2.1. Incidences of product recall of certain allergy diagnostics solutions and tools
- 5.1.3. Opportunities
  - 5.1.3.1. Ongoing technological innovations to improve the accuracy and sensitivity of allergy diagnostics solutions
  - 5.1.3.2. Expansion of digital and telehealth platforms and preference for personalized diagnostic solutions
- 5.1.4. Challenges
  - 5.1.4.1. Variability in results and low sensitivity issues associated with allergy diagnostics solutions
5.2. Market Segmentation Analysis
- 5.2.1. Type: Ubiquitous nature of inhaled allergens in the environment and chances of frequent exposure
- 5.2.2. End User: Expansion of diagnostic laboratories across the world supported by government initiatives for modernizing healthcare
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Allergy Diagnostics Market, by Type

6.1. Introduction
6.2. Drug Allergen
6.3. Food Allergen
6.4. Inhaled Allergen

7. Allergy Diagnostics Market, by Product Type

7.1. Introduction
7.2. Assay Kits
7.3. Consumables
7.4. Instruments

8. Allergy Diagnostics Market, by Test

8.1. Introduction
8.2. In-Vitro Tests
8.3. In-Vivo Tests

9. Allergy Diagnostics Market, by End User

9.1. Introduction
9.2. Academic Research Institutes
9.3. Diagnostic Laboratories
9.4. Hospital-Based Laboratories

10. Americas Allergy Diagnostics Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Allergy Diagnostics Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Allergy Diagnostics Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Revolutionary Advancements in Milk Allergy Diagnostics and Management Presented by AllerGenis
- 13.3.2. Metropolis Healthcare's Introduction of AI-Powered Component Resolved Diagnostics (CRD)
- 13.3.3. Introduction of Allergynius Dx by Dr. Dang's Lab For Allergy Diagnostics through AI
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio