Allergy Diagnostics Market analysis, acquisitions & mergers.
The global allergy diagnostics market is segmented on the basis of product type, allergen type, end user, and region.
Allergy is commonly considered as abnormal immune response of body against foreign particles. There are various types of allergy such as drug allergy, food allergy, contact dermatitis, latex allergy, seasonal allergy, animal allergy etc.
Furthermore, prevalence of food allergy is increasing among the children, due to weak immunity power of their body. According to Centers for Disease Control and Prevention (CDC), in 2015, prevalence of food allergy in children increased by 50% between 1997 and 2012 globally.
Development of high quality and more accurate diagnostic test to reduce the chances of false results is expected to create high potential revenue opportunities for existing as well as new entrants in the target market.
On the basis of product type segmentation, assay kits segment is expected to contribute major revenue share and expected to maintain its dominance over the forecast period.
Among all the allergen type, inhaled allergen segment is expected to register highest revenue as well as CAGR of over 12%, as it is a most common type of allergy causes due to immediate hypersensitivity reaction.
North America market is expected to dominate the global allergy diagnostics market, and it accounts for largest market revenue over US$ 600 million in 2017 as compared to that of markets in other regions, owing to presence of leading manufacturers and high market penetration in the region.
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