Allergy diagnostics comprise testing processes and sale of products that can help determine presence of allergic substances in samples. Substances such as grass, drugs, peanuts, weed, and milk, are commonly allergens that may cause undesirable reactions in humans. Allergens are usually recognized and diagnosed by studying the presence of antibodies developed by our immune systems, after they come in contact with the allergens.
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What the nature of the competitive landscape in the global allergy diagnostics market?
This market is segmented on the basis of allergen type, product, end users, tests, and region. Considering the product type criteria, the consumables segment is expected to gain almost 50% of the total market shares, thus holding a leading position. This is mainly because of the low cost attached with consumables that can help determine specific allergens. Under allergen type, inhaled allergens are anticipated to grab a lion’s share, owing to high frequency of inhaling causative substances.
Why is North America dominating as a regional segment in the global allergy diagnostics market?
This market is mainly spread across North America, South America, Asia Pacific, Europe, and Middle East and Africa. From these, North America has held the mantle of a leading segment since several years, and is expected to do the same in the forthcoming years. This is mainly due to a high prevalence of allergies in leading countries such as the U.S. and Canada in this region. High awareness about existence of allergies, state-of-the-art treatment options, and highly advanced diagnostic technologies also have contributed towards such lucrativeness.
Which are the most prominent players in the global allergy diagnostics market?
Prominent players operating in this market are: Thermo Fisher Scientific Inc., Omega Diagnostics Group Plc., Stallergenes Greer, and BioMerieux are the chief businesses which held more than 70% of the total market share. Regarding the overall competitive landscape, the situation is expected to intensify in the next few years.