An Incisive, In-depth Analysis on the Allergy Diagnostics Market
This study offers a comprehensive, 360 degree analysis on the Allergy Diagnostics market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Allergy Diagnostics market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
40% Revenue Contribution of Leading Manufacturers
The allergy diagnostic market is largely dominated by local manufactures who are competing on the basis of pricing in the market. The fragmented nature of the market decreases the profitability of the business. However, growing awareness about food and drug allergy diagnostic and lack of test specificity and sensitivity for allergy diagnostic products manufactured by local companies have increased the revenue opportunities for global manufacturers. Companies, such as Siemens Healthineers, Danaher Corporation and bioMérieux, hold more than 40% revenue share in the global allergy diagnostic market. These companies are continuously making efforts to launch novel product lines for allergy diagnostic. Further, companies operating in allergy diagnostic market are collaborating with local distributors/retailers to increase the penetration of their products in the allergy diagnostic market.
At Home Self-Diagnosis of Allergic Reaction
Rapid self-diagnosis of allergies is gaining popularity in the US market. Growing incidences of allergic reactions especially and longer waiting time for allergy diagnostic at hospitals and laboratories have increased the demand for self-diagnosis of allergy reactions. Moreover, ease of application of home-based point of care allergy diagnostic and ready availability of test kits through traditional supply chains are leading to strong adoption of allergy diagnostic among home users. For instance, MyAllergyTest FDA-cleared at-home test can be used to test 10 different typed of allergic reactions. Varied applications of at-home food sensitivity and availability of allergy diagnostic at cheaper prices will lead to promising growth potential in allergy diagnostic market. At home self-diagnosis also reduces the indirect cost associated with conventional laboratory based allergy diagnostic.
Abusive Consumption of Drugs (Pain Killers) Increasing Drug Allergy Incidences across North America
Opioid allergies are the most common type of drug allergies in the US. The trend of over prescription of pain management drugs in the US and European region is the major cause of drug allergies. Increase in the number of generic products in the market has led to growing availability of low price drugs pain management solutions. Moreover, ready availability of generic opioids is also pushing other key players to be a part of the allergy diagnostic market. Thus, increasing overall consumption of opiates will also increase adverse allergic reactions. Most of the time, opioid allergies are misdiagnosed with symptoms of true allergies. Hence, the diagnosis of opioid allergies is difficult between non-allergic and allergic patients. Skin biopsy is mostly used to diagnose drug allergies for patients with symptoms of multiple drug reactions.
Vertical Integration of Allergy Diagnostic Service Providers
Laboratory allergy diagnostic service providers are offering their services through retail channels. Allergy diagnostic service providers are offering their approved kits through retail channels to patients. The vertical integration strategy of such service providers has given them a competitive edge over standard kit manufacturers. Home-based users purchasing such allergy diagnostic kits are receiving monitoring benefits from government authorities. For instance, FDA approved MyAllergyTest which is sold through retail sales channels, such as Walmart, Walgreens and Meijer, gets monitoring benefits. This allergy test is covered under Flexible Spending Accounts (FSA) and Health Savings Accounts (HSA).
Availability of Decentralized Allergy Diagnostic Tests
Lab-based diagnostic tests are being rapidly replaced with alternative decentralized point-of-care (POC) tests. Evolution of POC tests, such as lateral flow immunoassay (LFIA) technology, eliminate the requirement of supporting infrastructure and offer enhanced user friendliness, which widens the reach of POC tests equipment to patients. Over 100 companies operate in the POC or rapid tests market and established organizations are entering into the market by launching rapid diagnostic test products. Several supermarkets, such as WallMart and Wallgreens, are selling their own brands, which gives consumers wider options to choose from.
Growing Impact of Drug and Alcohol Abuse on Public Health
Substance abuse has high impact on the health of individuals and their families. Prolonged drug and alcohol abuse may lead to mental illness and chronic diseases, such as diabetes and heart diseases, which in turn, can create high economic burden on the society. In order to curb this economic burden caused by drug abuse, governments are focusing on prevention and early intervention strategies are expected to drive demand for drugs of abuse. For instance, according to the Substance Abuse and Mental Health Services Administration (SAMHSA), nearly 22.5 million individuals aged 12 and above were reported to seek treatment for alcohol and illicit drug use in the U.S. in 2014. Moreover, it is estimated that nearly US$ 600 Bn. is spent on addressing the impact caused by substance abuse each year in the U.S.
In order to prevent drug abuse, various initiatives have been introduced, such as the SAMHSA’s ‘Strategic Prevention Framework (SPF) initiative, which aims to provide professionals with a comprehensive process for addressing substance abuse problems. ‘Now Is The Time Initiative’ is another program in the U.S. aimed towards creating awareness about drug abuse among the youth.
Competition section of the allergy diagnostic market features profiles of key players operating in the industry based on their market shares, differential strategies, product offerings, marketing approach and company dashboard. Some of the key players featured in this report include Hitachi Chemical Co., Ltd Thermo Fisher Scientific, Inc., Siemens Healthineers, Danaher Corporation, HOB Biotech Group Co, bioMérieux, Hycor Biomedical Inc. Stallergenes Greer, R-Biopharm AG and Lincoln Diagnostics, Inc.
bioMérieux offers a range of products for allergy diagnostic, which include VIDAS Allergy panels, mini VIDAS and VIDAS immunoassay analyzer systems. The VIDAS Allergy panels are preferred for food and respiratory allergy diagnostic. The VIDAS allergy panel is an equipment used in load & go systems.
The key manufacturers of allergy diagnostic are focusing on novel marketing strategies to increase product penetration. The companies offering point of care allergy diagnostic kits are concentrating on price floor strategies. These companies are offering their products with lucrative discounts. Conventional distribution channels, such as retail pharmacies, drug stores, supermarkets and hypermarket, are expected to be the key targets channel for local manufacturers.
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An allergy is a disorder caused by an abnormal reaction to a harmless substance called an allergen. The word allergen literally means a substance capable of producing allergies. Allergens are tolerated without problems by non-allergic individuals. ~ European Academy of Allergy & Clinical Immunology
About the Report
FMI conducted a research study on allergy diagnostic market for the forecast period 2018 to 2022. The allergy diagnostic market report offers a comprehensive evaluation of the business opportunities prevailing in the allergy diagnostic market along with insights on the allergy diagnostic tests consumption trend, disease incidences, and awareness level for allergy diagnostic and allergy diagnostic market competition. The report elaborates on the macroeconomic factors influencing the dynamics of allergy diagnostic market and its futuristic potential.
The report offers a comprehensive taxonomy of allergy diagnostic market based on product type, end user, allergen type, test type and region. The allergy diagnostic kits are sold for various types of test samples, such as blood, skin, etc. These allergy diagnostic assay kits are used by diagnostic laboratories and clinics and hospitals for various type of allergy diagnostic, such as food allergies, drug allergies, latex allergies and other types of allergies. End-use segments in allergy diagnostic market which are a part of this allergy diagnostic market report include diagnostic laboratories, hospitals, academic and research institute and other end users, such as clinics, emergency services. The allergy diagnostic market has been analyzed across regions of North America, Latin America, Europe, Asia Pacific Excluding Japan, Japan and MEA.
Additional Questions Answered
Some of the additional questions addressed in this report on allergy diagnostic market-
What is the revenue potential of point of care allergy diagnostic across regions of North America and Europe?
Who are the key competitors and what are their portfolios in allergy diagnostic market?
What are major challenges influencing the growth of allergy diagnostic market?
How intervention from regulatory authority is shaping the allergy diagnostic market growth?
For answers of all the possible questions required for gauging performance of allergy diagnostic market, get in touch with our expert analyst.
The allergy diagnostic market has been estimated based on supply-demand approach. The market was first calculated based on allergy test volume conducted in different region/countries. The test volume was estimated based on the incidence rate of various types of allergies in top 20 countries globally. Other qualitative factors analyzed during test volume estimation include awareness level for point care allergy diagnostic, recurrence rate of allergy reaction and others. This information is further validated with rigorous primary research (including interviews, surveys, in-person interactions, and viewpoints of seasoned analysts) and secondary research (including verified paid sources, authentic trade journals, and resourceful databases). The research study on allergy diagnostic market also includes top trends and macro as well as micro economic factors shaping the allergy diagnostic market. With this approach, the report on allergy diagnostic market anticipates the industry attractiveness of every major segment in allergy diagnostic over the forecast period.
The recent market study published by FMI– “Allergy Diagnostic Market: Global Industry Analysis 2012-2016 & Opportunity Assessment, 2017-2022” -- consists of a comprehensive assessment of the most important market dynamics. On conducting a thorough research on the historic as well as current growth parameters of the Allergy Diagnostic market, growth prospects of the market were obtained with maximum precision. The report features unique and salient factors that may make a huge impact on the development of the Allergy Diagnostic market during the forecast period. It can help market players modify their manufacturing and marketing strategies to envisage maximum growth in the Allergy Diagnostic market in the upcoming years. The report provides detailed information about the current and future growth prospects of the Allergy Diagnostic market in the most comprehensive way to provide a better understanding to the readers.
Chapter 1 – Executive Summary
The report commences with the executive summary of the Allergy Diagnostic market report, which includes the summary of key findings and key statistics of the market. It also includes the market value (US$ million) estimates of the leading segments of the Allergy Diagnostic market.
Chapter 2 – Market Overview
Readers can find detailed taxonomy and the definition of the Allergy Diagnostic market in this chapter. This will help readers to understand the basic information about Allergy Diagnostic market dynamics, supply chain, cost structure, pricing analysis, list of key distributors and suppliers and list of key market participants included in the report.
Chapter 3 – Global Allergy Diagnostic Market Analysis (2012-2016) & Opportunity Assessment (2017-2022), By Product Type
Based on product type, the Allergy Diagnostic market has been segmented into fungal Allergy Diagnostic and neutral lactase enzymes. In this chapter, readers can find information about key trends and developments taking place in the Allergy Diagnostic market and market attractive analysis based on product type, instruments, consumables and allergy testing services. In this chapter, readers can find information about key trends and developments taking place in the Allergy Diagnostic market and market attractive analysis based on the product type for each region.
Chapter 4 – Global Allergy Diagnostic Market Analysis 2012-2016 & Opportunity Assessment, 2017-2022, By End User
Based on End User, the Allergy Diagnostic market is segmented into diagnostic laboratories, hospitals, academic research institutes and other end users. In this chapter, readers can find information about key trends and developments in the Allergy Diagnostic market and market attractive analysis based on End User. In this chapter, readers can find information about key trends and developments in the Allergy Diagnostic market and market attractive analysis based on End Users for each region.
Chapter 5 – Global Allergy Diagnostic Market Analysis 2012-2016 & Opportunity Assessment, 2017-2022, By Allergen Type
Based on the Allergen Type, the Allergy Diagnostic market is segmented into Inhaled Allergens, Food Allergens, Drug Allergens and Other Allergens. In this chapter, readers can find information about key trends and developments in the Allergy Diagnostic market and market attractive analysis based on Allergen Type. In this chapter, readers can find information about key trends and developments in the Allergy Diagnostic market and market attractive analysis based on the Allergen Type for each region.
Chapter 6 – Global Allergy Diagnostic Market Analysis 2012-2016 & Opportunity Assessment, 2017-2022, By Test Type
Based on the Test Type, the Allergy Diagnostic market is segmented into In-vivo allergy tests & In-vivo allergy tests. In this chapter, readers can find information about key trends and developments in the Allergy Diagnostic market and market attractive analysis based on Test Type. In this chapter, readers can find information about key trends and developments in the Allergy Diagnostic market and market attractive analysis based on the Test Type for each region.
Chapter 7 – Global Allergy Diagnostic Market Analysis 2012-2016 & Opportunity Assessment, 2017-2022, By Region
This chapter explains how the Allergy Diagnostic market will grow across various geographic regions, such as North America, Latin America, Europe, Asia-Pacific Excluding Japan (APEJ), Japan and the Middle East & Africa (MEA).
Chapter 9 – North America Allergy Diagnostic Market Analysis 2012-2016 & Opportunity Assessment, 2017-2022
This chapter includes detailed analysis of the growth of the North America Allergy Diagnostic market along with country-wise assessment, including the U.S. and Canada. Readers can also find information on regional trends, regulations and market growth based on product type, allergen type, test type and country of Allergy Diagnostic in the North American region.
Chapter 10 – Latin America Allergy Diagnostic Market Analysis 2012-2016 & Opportunity Assessment, 2017-2022
Readers can find detailed information about factors, such as pricing analysis and regional trends, impacting the growth of the Latin America Allergy Diagnostic market. This chapter also discusses the growth prospects of the Allergy Diagnostic market in leading LATAM countries, such as Brazil, Mexico, Argentina and rest of the Latin America region.
Chapter 11 – Europe Allergy Diagnostic Market Analysis 2012-2016 & Opportunity Assessment, 2017-2022
Important growth prospects for the Allergy Diagnostic market based on product types, form and application in several European countries, such as EU4, UK, BENELUX, Nordic and Eastern Europe, have been included in this chapter.
Chapter 14 – APEJ Allergy Diagnostic Market Analysis 2012-2016 & Opportunity Assessment, 2017-2022
Great China, India, ASEAN, Australia and New Zealand are the leading countries in the APEJ region and their growth prospects have been discussed in this chapter. Readers can find thorough information about growth parameters in the APEJ Allergy Diagnostic market during 2016-2022.
Chapter 13 – Japan Allergy Diagnostic Market Analysis 2012-2016 & Opportunity Assessment, 2017-2022
Readers will find information on important factors that will have a huge impact on the growth of the Allergy Diagnostic market in Japan during the forecast period. This chapter provides an overview of regulations, drivers, restraints and trends in the Japan Allergy Diagnostic market.
Chapter 15 – MEA Allergy Diagnostic Market Analysis 2012-2016 & Opportunity Assessment, 2017-2022
This chapter provides information on how the Allergy Diagnostic market will grow in the major countries of MEA region, such as GCC Countries, Turkey, Iran, Israel, and South Africa, during the period 2013-2028.
Chapter 16 – Competition Landscape, Company Share and Company Profiles
In this chapter, readers can find a comprehensive list of all the leading stakeholders in the Allergy Diagnostic market along with detailed information about each company, including company overview, revenue share, strategic overview and recent company developments. Market players featured in the report include Hitachi Chemical Co., Ltd Thermo Fisher Scientific, Inc., Siemens Healthineers, Danaher Corporation, HOB Biotech Group Co, bioMérieux, Hycor Biomedical Inc. Stallergenes Greer, R-Biopharm AG, and Lincoln Diagnostics, Inc.
Chapter 17 – Assumptions and Acronyms
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the report.
Chapter 18 – Research Methodology
This chapter will help readers to understand the research methodology followed to obtain various conclusions, important qualitative information and quantitative information about the Allergy Diagnostic market.
Allergy Diagnostics Market Reports - Table of Contents
1. Global Allergy Diagnostics Market - Executive Summary
15. Research Methodology
16. Secondary and Primary Sources
17. Assumptions and Acronyms