Market Definition
An allergy is a hypersensitivity condition of the immune system. Allergic reactions occur when a person’s immune system reacts to harmless substances which are named allergens in the environment. Major allergens that affect the immune system are dust mites’ excretion, pollen, and pet dander. There are different kinds of allergies such as food allergy, skin allergy, dust allergy, allergy to insect stings, drug allergy, and mold allergy. Food allergy is generally caused by the consumption of certain proteins found in food and may activate symptoms such as hives and digestive problems.
Market Outlook
Increasing environmental pollution levels
Exposure to indoor and outdoor air pollutants, allergens, and occupational exposure are the major risk factors that cause chronic respiratory diseases. The prevalence of allergic disorders among the urban population is higher than those living in rural areas owing to the high exposure to environmental pollutants in cities. A new WHO air quality model confirms that 92% of the world’s population lives in places where air quality levels exceed WHO limits. Some 3 million deaths per year are linked to exposure to outdoor air pollution. Indoor air pollution can be just as deadly. In 2012, an estimated 6.5 million deaths (11.6% of global deaths) were associated with indoor and outdoor air pollution together.
Premium costs associated with allergy diagnostic instruments
Several allergy diagnostics instruments, like luminometers, blot analyzers, scanners, ELISA analyzers, and immunoassay analyzers, are continually updated by market players. As these instruments are equipped with advanced features coupled with functionalities, they are priced at a premium (the price of each instrument varies based on its accuracy, flexibility, and TAT). Moreover, maintenance and insurance, laboratory supervision, and overheads (including utilities, space, and administration) are additional expenses essential to operating this equipment.
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Research Objectives
• Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
• Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
• Identify factors influencing market growth and challenges, opportunities, drivers and restraints
• Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
• Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
• Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
• To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
• Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segmentation
The Allergy Diagnostics market is segmented by product & services, test type, end user, and region. By product & services, the market is divided into consumables, instruments and, services. By test type, the market is bifurcated into in vivo test and in vitro test. By end users, the market is bifurcated into diagnostics laboratories, hospital-based laboratories, and academic research institutes. By region, the market is classified into North America, Europe, Asia-Pacific, and rest of the world.
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Major Players
The global Allergy Diagnostics Market report includes players like Thermo Fisher Scientific (United States), Danaher Corporation (United States), Siemens Healthineers (Germany), BioMérieux (France), Hycor Biomedical (United States), Omega Diagnostics Group (United Kingdom), Stallergenes Greer (France), Hitachi Chemical Diagnostics (Japan), HYCOR Biomedical (United States), and Lincoln Diagnostics (United States)
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Research Scope
• Scope – Highlights, Trends, Insights. Attractiveness, Forecast
• Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
• Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
• Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
• Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
• Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
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