Allergy Diagnostics Market Growth Forecast Shows 12.4% CAGR to 2021 Led by Assay Kits Segment

The allergy diagnostics market is forecast to grow on a highest rate to hit 12.4% CAGR to 2021 propelled by the assay kits segment which is expected to register the highest growth rate in the allergy diagnostics market.

The allergy diagnostics market is expected to reach USD 5.34 billion by 2021 from USD 2.98 billion in 2016, at a CAGR of 12.4%. The global allergy diagnostics market is segmented based on product, allergen, test, end user, and region. The assay kits segment is expected to register the highest growth rate in the allergy diagnostics market, byproduct, during the forecast period. The high growth in this segment is attributed to the increase in number of allergens and increasing healthcare expenditure worldwide.

Complete report on allergy diagnostics market spread across 192 pages, profiling 10 companies and supported with 88 tables and 93 figures is now available at http://www.rnrmarketresearch.com/allergy-diagnostics-market-by-allergen-source-food-allergens-inhaled-allergens-product-immunoassay-analyzer-luminometer-assay-kit-consumables-by-end-user-hospital-diagnostic-laboratory-market-report.html .

Based on end users, the allergy diagnostics market is segmented into diagnostic laboratories, hospitals, academic research institutes, and other end users. The diagnostic laboratories segment is expected to account for the largest share of the market in 2016. Increasing prevalence of allergic diseases and the need for developing new therapies will drive the growth of this market.

Geographically, the allergy diagnostics market is dominated by North America, followed by Europe, Asia, and the Rest of the World (RoW). Growth in the North American region is primarily driven by the rising aging population and benefits for youth in health insurance.

The major factors contributing to the growth of the allergy diagnostics market include increasing incidences of allergic diseases, rising environmental pollution, increasing healthcare expenditure, and increase in access to medical insurance in the U.S. On the other hand, stringent regulatory policies for validation of medical devices and the highly consolidated market which creates an obstacle for entry of small players are the major factors restraining the growth of this market.

Apart from comprehensive geographic and product analysis and market sizing, the report also provides a competitive landscape that covers the growth strategies adopted by industry players over the last three years. In addition, the company profiles comprise the product portfolios, developments, and strategies adopted by the market players to maintain and increase their shares in the market. The above-mentioned market research data, current market size, and forecast of the future trends will help key market players and new entrants to make the necessary decisions regarding product offerings, geographic focus, change in strategic approach, and levels of output in order to remain successful in the allergy diagnostics market.

The major players in the allergy diagnostics market include bio Mérieux SA (France), Danaher Corporation (U.S.), Hitachi Chemical Diagnostics, Inc. (Japan), Siemens AG (Germany), Thermo Fisher Scientific, Inc. (U.S.), Stallergenes Greer (France), HOB Biotech Group Co., Ltd (China), HYCOR Biomedical (U.S.), Lincoln Diagnostics, Inc. (U.S.), and Omega Diagnostics Group PLC (U.K.).

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This report will enable both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help these firms garner greater market shares. Firms purchasing the report can use any one or a combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.

On a related note, another research on Transplant Diagnostics Market Forecast to 2021 says, the global transplant diagnostics market is projected to reach USD 753.9 million by 2021 from USD 535.0 million in 2016, growing at a CAGR of 7.1%, during 2016 to 2021. North America and Europe are expected to be the mature markets for transplant diagnostics products in 2016. Market growth can be attributed to factors such as rising number of solid organ, soft tissue, and stem cell transplantations. Companies like Thermo Fischer Scientific, Inc., Immucor, Inc., Olerup SSp AB, QIAGEN, Inc., Bio-Rad Laboratories, Inc., Affymetrix, Inc., Illumina Inc., Luminex Corporation, F. Hoffmann-LaRoche Ltd. and Abbott Laboratories, Inc. have been profiled in this 180 pages research report available at http://www.rnrmarketresearch.com/transplant-diagnostics-market-by-technology-serological-mlc-pcr-ngs-antigen-hla-class-i-ii-product-instrument-reagent-kits-application-diagnostic-research-end-user-hospitals-diag-market-report.html .

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