TMCnet News
Key Findings of the Global Allergy Diagnostics Market - TechnavioThe latest market research report by Technavio on the global allergy diagnostics market predicts a CAGR of 10% during the period 2018-2022. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180219005172/en/ 
Technavio has published a new market research report on the global allergy diagnostics market from 2018-2022. (Photo: Business Wire) The report segments the global allergy diagnostics market by product (systems and consumables), by end-user (diagnostic laboratories, hospitals and clinics, and physician office laboratories), and by geography (the Americas, EMEA, and APAC). It provides a detailed illustration of the major factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges. Here are some key findings of the global allergy diagnostics market, according to Technavio healthcare and life sciences researchers:
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio's current offers Expansion of product ranges through M&A: a major market driver Large companies are trying to expand allergy diagnostic systems and consumable products with the help of inorganic growth and are focusing on increasing their product sales through M&A. Vendors can focus on product innovations and increase their profit margins by collaborating and helping in exchanging technologies through M&A. With the help of M&A, companies can achieve economies of scale as their large-scale production and sales, reduces the unit cost of allergic diagnostic devices. Leading manufacturers in the market are looking for M&A that will help them grow and expand their business globally and leverage the existing sales channels and customer relationships to address the needs of patients and caregivers better. Looking for more information on this market? Request a free sample report Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. Increasing funding for allergy diagnostic devices: emerging market trend The advancements in the development of innovative diagnostic devices are increasing to analyze allergic reactions. Demand from end-users such as hospitals and diagnostic laboratories are increasing due to the growing number of patients requiring allergy diagnosis. According to a senior analyst at Technavio for research on in-vitro diagnostics, "Companies require funding from public and private sources for the development of innovative allergy diagnostic products. The fundings will help the companies to focus on R&D, develop allergy diagnostic systems and consumables, conduct clinical trials to receive regulatory approvals, and commercialize the products and focus on distribution." Global market opportunities In terms of regional dominance, the Americas led the global allergy diagnostics market, followed by EMEA and APAC in 2017. However, APAC is the fastest growing market due to improvements in healthcare infrastructure. This was followed by EMEA where countries such as Germany, France, the UK, and Saudi Arabia contributed towards the growth of the market due to increasing awareness about diagnosis and treatment of allergic diseases. In the Americas, the US was the highest revenue contributor to the market, followed by Canada mad Brazil, in 2017. The increasing burden of allergic diseases such as asthma, food allergy, skin allergy, and drug allergy are driving the market. Similarly, the rising awareness about allergy threats, technological refinements in diagnostic instruments, active involvement of government to improve healthcare infrastructure, and increasing healthcare expenditure in the region significantly contributed to the market growth.
About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. If you are interested in more information, please contact our media team at [email protected]. View source version on businesswire.com: http://www.businesswire.com/news/home/20180219005172/en/ |
