Allergy Diagnostics Market Overview
The allergy diagnostics market is expected to register a CAGR of 11.3% during the forecast period. With the growing burden of allergic diseases such as asthma, allergic rhinitis or hay fever, and food allergy, the diagnostic market for allergy is expected to grow significantly. According to a research study by Desiderio Passali et al., published in Asia Pacific Allergy Journal January 2018, globally, the prevalence of allergic rhinitis was 15%–25%. Furthermore, the latest diagnostic strategies for allergies and research on new treatment approaches are expected to drive the market during the forecast period.
Geographical Overview
North America accounted for the largest share in the allergy diagnostics market
The United States is the largest allergy diagnostics market due to the high awareness toward allergies among the population, better regulatory guidelines that mandate allergic testing in all cases of intensive and emergency care, and better healthcare infrastructure to deal with patient’s allergic situations. In Canada, over 3.8 million individuals had asthma in 2019, as per asthma Canada’s 2019 annual asthma survey report. Due to the high incidence of asthma in Canada, it is expected to increase demand for allergy diagnostics procedures in near future.
Key Highlights of the Market
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List of Key Players in the Allergy Diagnostics Market*
*List Not Exhaustive
Mordor Intelligence has segmented the global allergy diagnostics market on the basis of Allergen, Product, End User, and Geography:
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