Global Allergy Diagnostics and treatment market is expected to have the CAGR of 12.67% in the forecast period 2016-2023. The major factors driving the global allergy diagnostics and treatment market are increasing number of allergies, rising IVD market, increasing healthcare expenditure and increasing laboratory automation. Increasing respiratory allergic cases day by day has increased the market of allergy diagnostics and treatment. According to American Academy of Allergy Asthma and Immunology (AAAAI), in 2016, around 7.8 million children suffered from respiratory allergies worldwide. Food allergies and eczema are the most common chronic non-communicable diseases in children in several countries. The adoption of allergy diagnostics and treatment in global allergy diagnostics and treatment market is driven by following factors:
- Increasing Allergies
- Growing IVD Market
- Increasing Healthcare Expenditure
- Increasing Laboratory Automation
Increasing strict regulations for the approval and use of the medial devices is the major factor hindering the growth of allergy diagnostics and treatment market. Regulations are formulated to strengthen the supervision, administration of medical devices and ensuring their safety and effectiveness and protection against human health and life safety. The medical devices are defined by the regulations which refer to any material, appliance, apparatus, instrument or other article whether used alone or in combination, including software which is used in that proper application. It does not achieve its principal action in or on the human body by means of metabolism, immunology or pharmacology. Approval for the trial of new devices from any of the relevant authority is quite compulsory so as to use the product. The drug regulatory authorities of government appoint medical device monitors in their organization, who are responsible for the supervision of medical device manufacturing enterprises, distribution enterprises and medical institutions within their own administrative regions. In the case when the medical devices are manufactured without any product registration certificates, then the drug regulatory authority of government shall issue an order to stop the production, confiscate all the illegal manufactured products and related illegal income.
Source: OBRC Analysis
Global allergy diagnostics and treatment market is majorly segmented on the basis of types, product and end users. On the basis of types, the allergy diagnostics and treatment market is further segmented as:
- Food
- Inhaled
- Others
On the basis of product, the allergy diagnostics and treatment market is further segmented as:
- Assay Kits
- Consumables
- Instruments
On the basis of end users, the allergy diagnostics and treatment market is further segmented as:
- Academic Research Centres
- Diagnostic Laboratories
- Hospitals
- Other
The revenue for the above types, products and end-user segment are specific to the allergy diagnostics and treatment market. However, the total revenue of these products, type and end-user in general has been excluded from the scope of the report. Also, the total market revenue has been calculated by summing up product, type and end-user segment.
Geographically, global allergy diagnostics and treatments market is segmented into:
- North America (U.S. & Canada)
- Asia Pacific (China, India, Japan, RoAPAC)
- Europe (UK, France, Germany, RoE)
- Rest of World
North America holds the largest market share of allergy diagnostics and treatment and is followed by Europe. High technology and high investments in medical sector is helping the market to grow. In addition to this, every thirteen children of age 18 years in U.S. suffers from at least one of the allergic problems. In Europe, there are more than 17 million cases of food allergy and there has been a seven times increase among children over the past decades. Moreover, Asian Pacific market is expected to rise rapidly at a high CAGR in the forecast period, due to the rapid increase in the geriatric population, and large untapped potential of these markets. However, based on end user segment, hospitals dominates the market and it is expected to grow in the future.
The major market players of the global allergy diagnostics and treatment market are:
- ALLERCHECK LABORATORIES INC.
- BIOMERIEUX SA
- DANAHER CORPORATION
- STALLERGENES
- OTHERS
Detailed analysis of these companies provided in this report comprises of overview, SCOT analysis, product portfolio, strategic initiative and strategic analysis.
These companies use various strategies such as merger & acquisition, collaboration, partnership and product launching. Acquisitions and mergers are the key strategies adopted by the market players to sustain in the market. For example: MeDALL allergen chip is used to determine allergies which enhance allergy diagnostics and treatment market globally. In Japan 2015, Stallergenes received approval for STG 320 which is the first tablet used in the treatment of allergies against house dust mite.
Why to buy the report:
This report will:
- Provide you the business strategies adopted by market player such as acquisition that is on April 2016, Siemens Healthcare acquires San-Francisco based company Medicalis Corporation so as expand the tools it can offer health systems and hospitals to manage value-based care.
- Provide in detail the different segments such as products and end-users which affect the global allergy diagnostics and treatment market.
- Provide you the patent analysis of global allergy diagnostics and treatment market.
- Identify and understand the strengths, opportunities, challenges and threats of global allergy diagnostics and treatment market.
- Provide revenues of major players of the market such as Danaher Corporation and Hitachi Chemical Diagnostics, Inc.
- Provide you various regulatory policies which affect the global allergy diagnostics and treatment market.
How we are different from others:
At Occams we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global allergy diagnostics and treatment market offers the longest chain of market segmentation covering major market segmentation based on products and end users. The report tracks the major market trends in the global allergy diagnostics and treatmentmarket such as rising availability of effective treatment options. For each market segments covered in global allergy diagnostics and treatment market report, we provide opportunity matrix, and DROC analysis, that enable the clear growth assessment across each market segment. The report discusses competitive landscape of the allergy diagnostics and treatment industry, with giving extensive strategy analysis of more than 15 companies. Moreover, the report discusses various models such as 360-degree analysis, see saw analysis, and porter five force model and so on. For the high-level analysis in the report we provide a comparative analysis of historic and current year data.
Key findings of the global allergy diagnostics and treatment market:
- North America had the largest revenue share in 2016.
- Based on product Assay Kit dominates the market.
- Acquisition is the key strategy adopted by the various market players of global allergy diagnostics and treatment market.
- Hospital is the major segment of end user.
