Market Size & CAGR of Allergy Diagnostics Market in 2021

The global allergy diagnostics market is expected to have a growth rate of 5.2% CAGR from 2021 to 2030. The market size is anticipated to reach USD 8.5 billion by 2028.

COVID-19 Impact on the Allergy Diagnostics Market

The outbreak of COVID-19 has significantly impacted the allergy diagnostics market globally. Due to the pandemic, there has been a surge in demand for allergy diagnostic tests as more people are becoming aware of their health conditions.

Allergy Diagnostics Dynamics

The allergy diagnostics market is driven by factors such as increasing prevalence of allergies, advancements in diagnostic technologies, and rising healthcare expenditure globally.

Segments and Related Analysis

The market is segmented based on product type, allergen type, end-user, and region. Each segment plays a crucial role in the overall growth of the allergy diagnostics market.

By Region Analysis

The market analysis by region reveals that North America holds the largest market share, followed by Europe and Asia-Pacific. The increasing awareness about allergies and improved healthcare infrastructure are contributing to the growth in these regions.

Key Market Players and Competitive Landscape

Some of the key players in the allergy diagnostics market include Thermo Fisher Scientific, Siemens Healthineers, Danaher Corporation, etc. The market is highly competitive, with companies focusing on product innovation and strategic partnerships to gain a competitive edge.

Recent Happenings in the Allergy Diagnostics Market

In recent developments, companies are investing in research and development to introduce new diagnostic tests for a wider range of allergies. This has led to a surge in technological advancements in allergy diagnostics.