Allergy Diagnostics Market Analysis

Allergy Diagnostics Market Analysis

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Based on product and service, the allergy diagnostics market is bifurcated into consumables, instruments, and services. The consumables segment is anticipated to account for major revenue share of over 55% in 2022 in the market. It is projected to maintain its dominance throughout the forecast period owing to rise in allergic disorders that in turn will demand for prompt diagnosis. Additionally, the availability of test kits to each allergen significantly aids the diagnosis mechanism of numerous allergy diseases.
 

Based on test type, the allergy diagnostics market is segmented into in vivo and in vitro tests. The in vivo tests segment was valued at around USD 2.9 billion in 2022. The benefits associated with the different types of in vivo tests including patch test, skin prick tests, challenge tests are the primary growth factors augmenting the segmental progression. In vivo tests are more reliable, cost-effective, convenient, and safe in comparison to in-vitro tests. For better reliability, in vivo tests include skin exams through standardized allergenic extracts. Further, these tests examine the susceptibility and reactivity of dermal mast cells, that can indicate allergic sensitivity.
 

Based on allergens, the allergy diagnostics market is categorized into drug allergens, inhaled allergens, food allergens, and other allergens. The food allergens segment is predicted to witness the fastest growth with a 11.3% CAGR over the forecast timeframe. This is primarily attributed to the rise in number of people suffering with food allergy reactions owing to food items such as peanuts, eggs, milk, soy, and fish among others.
 

Among them, milk allergy is the most common type, followed by egg and peanuts. Considerable surge in the U.S. children with food allergies have been recorded over the past two decades. Some of the common indications related to food allergy includes swelling of face and lips, itching in mouth, abdominal pain, etc.
 

Based on end-use, the allergy diagnostics market is segmented into hospital-based laboratories, diagnostic laboratories, and others. The diagnostic laboratories segment is slated to grow at more than 11.2% CAGR from 2022 to 2030. Rise in target population of people suffering from different allergy disorders, increasing prevalence of chronic respiratory diseases, surging environmental pollution levels and availability of significant number of independent diagnostic laboratories among others are prime factors responsible for growing patient footfall in diagnostic laboratories.
 

Additional, availability of well-trained healthcare personnel, better infrastructure and advanced equipment, and consistent rise in number of diagnostic laboratories in countries are anticipated to further fuel the segment forecasts. Moreover, rising preference rate of patients for precise diagnosis and faster result-oriented process adherence are other attributes supporting the segment size.
 

North America region held the leading revenue share in the global allergy diagnostics market and is expected to reach over USD 5.3 billion in 2032. Growing prevalence of allergic rhinitis along with increasing awareness levels for proper diagnostic procedures in the region is projected to spur the market revenue. The U.S. held the dominating position in the North America market in 2022 and is estimated to record healthy growth with a 10.1% CAGR during the analysis period. Favorable reimbursement scenario, rising funding for allergy diagnostic companies to come up with novel product launches, and surge in demand for rapid diagnostic test kits are among the key factors supporting the regional trend.
 

Further, there is a consistent rise in number of food and skin related allergy population in the country. For instance, according to the data published by Centers for Disease Control and Prevention, in 2021, approximately one-third of adults aged 18 and over had a eczema, seasonal or food allergy in the country. Moreover, food allergy was more prevalent in non-Hispanic black adults and women and adults between 18-44 age group. Allergies are the sixth leading cause of chronic illnesses in the country.