Allergy testing generally helps to clearly understand what may be causing the immune system of the patient to react in such an extreme manner. The allergy may be caused by allergens that are present in the environment; they could be anything from insects to even medicines. Allergy diagnostic methods provide a reliable, proper and accurate analysis of the condition and help the allergist to treat the patient accordingly.
The allergy diagnostic market has been driven by factors such as a high occurrence and prevalence of diseases and the global increase in pollution. The allergy diagnostic market has certain key players namely- Diagnostics Group PLC, Hitachi Chemical Co., Ltd Thermo Fisher Scientific Inc., Biomérieux SA, Hycor Biomedical, Inc., Lincoln Diagnostics, Omega., R-Biopharm AG, Stallergenes Greer, Siemens AG, Danaher Corporation, Inc. among others.
High Price of Allergy Diagnostics Instruments
There are various tests that are carried out to determine the type of allergy and this helps in how a patient can be treated to get rid of these allergies. Skin testing is commonly used to test a plethora of allergic conditions. Furthermore, the treatment cost of allergy diagnosed patient goes out-of-pocket expense as it includes allergy diagnostic kits, medication and immunotherapy. Therefore, high cost of the allergic treatment can hamper the growth of allergy diagnostics market.
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Rapid Growth of the Asia Pacific Market
Asia Pacific is estimated to witness the highest CAGR with the growth centered at India, Japan and China during the forecast period. Increasing population, continuously growing economy and increasing awareness is expected to aid the growth of allergy diagnostics market in this region. Additionally, this region is expected to show the fastest growth due to increasing pollution in the environment. Some of the important factors for pushing market growth in Asia Pacific market are improvement of research infrastructure and increase in the government investment in biotechnological, pharmaceutical and biomedical industries.
Major Players in the Allergy Diagnostics Market
Thermo Fisher Scientific Inc., Omega Diagnostics Group PLC, Hitachi Chemical Co., Ltd., R-Biopharm AG, Stallergenes Greer, Siemens AG, Danaher Corporation, Biomérieux SA, Hycor Biomedical, Inc., Lincoln Diagnostics, Inc. among others.
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