Allergy Diagnostics Market Size, Share, Growth Analysis, By Product(Consumables, Instruments (Immunoassay Analyzers, ELISA Analyzers, Luminometers), By Allergens(Inhaled Allergens, Food Allergens, Drug Allergens, Other Allergens), By Test Type(Vivo Tests (Skin Prick Tests, Patch Tests, Other In Vivo Tests), In Vitro Tests), By End User(Diagnostic Laboratories, Hospital-based Laboratories, Academic Research Institutes, Other End Users), By Region - Industry Forecast 2024-2031

Allergy Diagnostics Market size was valued at around USD 4.3 billion in 2022 and is expected to rise from USD 4.8 billion in 2023 to reach a value of USD 11.1 billion by 2031, at a CAGR of 11% over the forecast period (2024–2031).

The competitive landscape of the global allergy diagnostics market is differentiated by the amalgamation of emerging companies and well-established players with ongoing strategic partnerships and innovations, reshaping the market. Prominent players like Thermo Fisher Scientific, Quest Diagnostics, Eurofins Scientific, and Roche are focusing on in vitro diagnostics, comprehensive allergen testing competencies, and improved diagnostic tests and platforms for the detection of allergies. Furthermore, small enterprises and progressing companies are emphasizing niche products or modernized testing techniques like digital health solutions and molecular diagnostics. To boost rankings, established companies are heavily investing in R&D, engaging in collaborations, and increasing their geographic presence. 'Danaher Corporation ', 'Thermo Fisher Scientific Inc. ', 'Canon, Inc. (Minaris Medical America, Inc.) ', 'Siemens Healthineers AG ', 'Eurofins Scientific ', 'Revvity, Inc. (Euroimmun Medizinische Labor diagnostika AG) ', 'BioMérieux SA ', 'Stallergenes Greer Ltd. ', 'Romer Labs Division Holding GmbH ', 'HollisterStier Allergy ', 'Omega Diagnostics Group PLC ', 'HOB Biotech Group Corp., Ltd. ', 'Hycor Biomedical ', 'Lincoln Diagnostics, Inc. ', 'R-Biopharm AG ', 'Astra Biotech GmbH ', 'Erba Group ', 'AESKU.GROUP GmbH ', 'ACON Laboratories, Inc. ', 'Alcit India Pvt. Ltd. ', 'Biopanda Reagents Ltd. ', 'Bioside S.R.L. ', 'Creative Diagnostic Medicare Pvt. Ltd. ', 'DST Diagnostische Systeme & Technologien GmbH ', 'Dr. Fooke Laboratorien GmbH'

The inclination towards personalized medicine is notably impacting allergy diagnostics. There is an increase demand for allergy tests that offer deep vision into personal sensitivities, enabling for more customized and personalized treatment decisions. Current research in detecting certain biomarkers associated with allergies improves the ability to create tailored treatment tactics, thus impacting the market growth. 

Mounting Use of Molecular Diagnostics: Molecular diagnostic techniques like allergen component testing and next-generation sequencing are gaining prominence. These techniques enable more accurate detection of certain allergens at molecular stage. This trend improves precision of diagnostics, allowing better customized treatment plans depending on patient sensitivities. This ultimately results in better patient results. The commonly used molecular diagnostic methods include ELISA, PCR, and NHS. 

Region-wise, North America dominated the market in the previous years and is expected to lead over the forecast period owing to rising incidences of allergies, improved healthcare infrastructure, and education and strong awareness. The region reports a higher number of allergic conditions as compared to other regions. These comprise various food allergies, allergic rhinitis, asthma, and more, which demand on reliable diagnostic facilities a large scale. Also, North America holds a well-established healthcare infrastructure with easy access to superior diagnostic techniques and an expert workforce. This streamlines accuracy and time testing. Also, the public awareness regarding allergies is higher than other regions, resulting in proactive medical industry seeking high demand for testing. The key players profiled in the region include Thermo Fisher Scientific, Quest Diagnostics, Eurofins Scientific, Roche Diagnostics, ALK-Abelló, and more.