BANGALORE, India, April 14, 2022 /PRNewswire/ — Allergy Diagnostics Market is segmented by Type – Kit, Instrument, by Application – Food Allergy, Skin Sensitivity, Childhood Allergy, Other. Global Opportunities Analysis and Industry Forecast 2021-2028. It is published in Appreciate the reports under the Allergies Category.
The Global Allergy Diagnostics Market Size is Expected to Reach $5510 million by 2028, $3,563.9 million in 2021, at a CAGR of 6.0% over the period 2022-2028.
Major factors driving the growth of the allergy diagnostics market
The high prevalence of allergic disease and resulting heavy economic burden, rising levels of environmental pollution, increased funding for allergy diagnosis by organizations, and increased access to health insurance are expected to all fueling the growth of the allergy diagnostics market.
In addition, allergies are increasingly common in urban areas. As a result, an increasing number of primary care physicians are offering or recommending allergy diagnoses.
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TRENDS INFLUENCING THE GROWTH OF THE ALLERGY DIAGNOSIS MARKET
Rising levels of environmental pollution are expected to drive the growth of the allergy diagnostics market. The main risk factors for chronic respiratory diseases are exposure to indoor and outdoor air pollutants, allergens and occupational exposure. Due to higher exposure to environmental pollutants in cities, the prevalence of allergic disorders in urban dwellers is higher than in rural dwellers (due to automobile pollution and industrial activities).
The increase in food allergies is expected to drive the growth of the allergy diagnostics market. Allergic diseases, such as food allergies, are more common in urban and first-world settings than in rural and third-world settings. One of the most notable differences between these settings is the level of sanitation and the risk of infectious diseases. Early exposures to bacterial, viral and parasitic infections, as well as exposure to a diverse population of normal microorganisms in the human body, are likely to influence the development of the immune system.
Climate change, air pollution and the increasing complexity of materials and types of cosmetics have all contributed to an increase in the prevalence of sensitive skin and its potential for irritation. This, in turn, is expected to fuel the expansion of the allergy diagnostics market. As scientists in the cosmetics industry became more aware of the phenomenon, they became more concerned with the development of anti-sensitive cosmetics.
The use of mHealth applications is expected to create lucrative growth opportunities for the allergy diagnostics market. With only a few mHealth tools for allergic rhinitis (AR) diagnosis published in peer-reviewed journals, the use of mHealth for rhinitis diagnosis is currently limited. A new generation of point-of-care devices has emerged as a result of recent advances in embedded biosensors, wireless communication, and energy harvesting techniques.
End users (such as hospitals and diagnostic laboratories) and manufacturers of allergy diagnostic products enter into reagent rental contracts. By entering into a reagent purchase agreement with the manufacturer, the end user leases or purchases instruments at a subsidized rate. This mutually beneficial agreement reduces the end user’s initial capital investment while assuring the manufacturer of sales over a long period of time. Analyzers are sometimes rented to end users on a cost per test basis.
The growth of the allergy diagnostics market is expected to be hampered by the high costs associated with allergy diagnostic instruments.
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ANALYSIS OF ALLERGY DIAGNOSIS MARKET SHARE
Based on the region, North America should be the most lucrative segment. The increasing prevalence of allergies, favorable reimbursement scenarios for allergy diagnosis and the availability of support initiatives by associations are all factors to consider.
Based on application, test kits are expected to be the most lucrative segment. The large share of this segment can be attributed to the widespread availability of test kits, their low cost, and their widespread use in allergy testing.
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