Allergy Diagnostics Market To Cross US$3.8 bn By 2024

The global allergy diagnostics market is envisaged to take charge of a high growth rate on the basis of a few vital factors such as rising worldwide occurrence of allergies, transforming food habits, and longer pollen seasons due to climatic changes. Manufacturers in the world market are busy developing efficient automated systems, optimized allergen extracts, and diagnostic techniques through effective research and development activities. In this regard, the analysts foresee the market to be influenced by catholic technological advancements and research efforts.

Global Allergy Diagnostics Market: Greater Susceptibility to Allergies in Developed Countries Catapults Demand, finds TMR

The opportunity presented by the global market was pegged at US$1.3 bn in 2015 and is projected to be worth US$3.8 bn by 2024, expanding at a strong CAGR of 12.8% therein.

Collaborations with leading firms to enter new markets has been noted to be a successful growth strategy adopted by dominant players. A case in point would be Quest Diagnostics. Given the role of genetics in developing allergies, the company collaborated with AncestryDNA in August 2016 to help meet the rapidly growing consumer demand for genetic tests. This collaboration is likely to allow Quest Diagnostics to expand its product portfolio in the in-vitro testing segment.

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The global Allergy Diagnostics Market is segmented on the basis of Product,Allergen Type,Tests,End-users,Geography.

The consumables segment accounted for the major share in the allergy diagnostics market. The segment is projected to present a 50.1% share by 2024, registering the highest CAGR of 13.6% during the forecast period. The instruments segment, on the other hand, is projected to witness sluggish growth through 2024. By allergen type, the inhaled allergens segment accounted for the dominant share in the allergy diagnostics market, with the food allergens segment expected to register a high CAGR from 2016 to 2024.

The global mechanical ventilator market is segmented on the basis of product type into critical care mechanical ventilators, neonatal intensive care mechanical ventilators, portable mechanical ventilators, and transport mechanical ventilators. Critical care mechanical ventilators account for a significant share in the total mechanical ventilators market in terms of value and volume. However, the portable and transport mechanical ventilators segments are projected to exhibit a high growth rate over the forecast period.

The rising incidence of medical emergencies, the need for patient treatment flexibility, and the growing need to manage critical patients from the point of emergency till the point of treatment are the key factors driving the transport mechanical ventilators segment.

Studies have shown that patients on ventilator support are technically not considered to be a financial benefit for hospital administration, which propels hospitals to transfer such patients from hospital settings to alternate care settings. With ventilators becoming portable and more efficient in various settings, the use of portable and transport ventilators is slated to rise.

On the basis of mode, the global mechanical ventilators market is segmented into invasive and non-invasive mechanical ventilators. Based on end users, the global market is categorized into hospitals, trauma centers, home healthcare, and others, which includes ambulances, army choppers, and air ambulances.

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Summary of Table of Content

1. Preface
2. Assumptions and Research Methodology
3. Executive Summary : Global Mechanical Ventilators
4. Market Overview
5. Global Mechanical Ventilators Analysis and Forecasts, By Product
6. Global Mechanical Ventilators Analysis and Forecasts, By End User
7. Global Mechanical Ventilators Analysis and Forecasts, By Mode
8. Global Mechanical Ventilators Analysis and Forecasts, By Region
9. North America Mechanical Ventilators Analysis and Forecast
10. Latin America Mechanical Ventilators Analysis and Forecast
11. Asia Pacific Mechanical Ventilators Analysis and Forecast
12. Europe Mechanical Ventilators Analysis and Forecast
13. MEA Mechanical Ventilators Analysis and Forecast
14. Competition Landscape

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Keywords : Allergy Diagnostics Market, Global Allergy Diagnostics Market, Allergy Diagnostics Market size, Allergy Diagnostics Market industry,

by Transparency Market Research (few months ago!)

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