IgE Allergy Blood Tests Market size is estimated to cross USD 53 Billion by the end of 2036, growing at a CAGR of 6% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of IgE allergy blood tests was about USD 31 Billion. The major factor influencing the market expansion is the rising prevalence of asthma. With a projected 262.41 million prevalent cases (95% UI 224.05 to 309.45) worldwide, the burden of asthma has continued to climb. Hence, the demand for IgE allergy blood tests is growing. Asthma sufferers undergoing allergy testing typically have their IgE levels checked for airborne allergens that are known to frequently impact their symptoms.
Additionally, there has been growing awareness regarding the prevalence of allergies all across the globe by the government. They are launching various campaigns where they are offering free testing for allergies. This is why, the IgE allergy blood tests market is observing the growth in its revenue.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
~6% |
Base Year Market Size (2023) |
~ USD 31 Billion |
Forecast Year Market Size (2036) |
~ USD 53 Billion |
Regional Scope |
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End-User (Diagnostic Laboratories, Specialty Clinics, Hospitals, Research & Academic Centers)
The diagnostics laboratories segment in the IgE allergy blood tests market is estimated to gather the highest share of over 40% during the forecast period. Diagnostic lab services are essential to the healthcare industry since they are vital to the diagnosis and management of diseases. Furthermore, a clear role for the diagnostics laboratory exists in the diagnosis and treatment of allergy sufferers. Furthermore, diagnostics laboratories have a huge availability of funds and the latest technology as compared to hospitals. In the past, when diagnostic testing services were less developed, medical professionals relied on a patient's symptoms to determine what was allegedly wrong and recommend medication. Frequently, the patient's symptoms were ambiguous, and the wrong problem was being addressed. However, this is no longer an issue as a result of developments in technology and medicine. Diagnostic centers today offer several examinations for allergies. As a result, the preference for diagnostics laboratories is growing.
Application (Aero Allergies, Indoor Allergies, Outdoor Allergies, Food Allergies, Venoms, Medicine Allergies, Latex/Metal Allergies)
The food allergies segment is expected to hold 30% share of the global IgE allergy blood tests market during the forecast period. In addition to being obtained through food, vitamin D is produced by the human body when exposed to sunshine. Due in large part to the immune system's regulation by vitamin D, the prevalence of food allergies has risen as vitamin D levels have decreased between nations. According to study data, 50% of the global population suffers from vitamin D insufficiency, while approximately 1 billion people worldwide suffer from vitamin D deficiency.
Our in-depth analysis of the global IgE allergy blood tests market includes the following segments:
Product Type |
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Application |
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End-User |
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North American Market Forecast
The North America IgE allergy blood tests market is poised to hold 30% of the revenue share in the coming years. The major element to influence the market expansion is the growing adoption of health insurance. In 2022, more individuals had insurance than in 2021. Moreover, 2022 saw a rise in the proportion of the population with health insurance from 91.7 percent in 2021 to 92.1 percent in 2022 in the US, or 304.0 million individuals, who were insured at some point in the year. Furthermore, for public as well as private sector employees, purchasing a health insurance policy has been made mandatory in various organizations in this region. Key medical benefits are given by health insurance, which employees can use when employed by a business. Health insurance coverage is very helpful in covering treatment costs in the event of an emergency or other medical problem. Additionally, there has been a rise in the development of various instruments by key players for more advanced testing which is also estimated to boost the IgE allergy blood tests market expansion in this region.
APAC Market Analysis
The IgE allergy blood tests market in Asia Pacific is also estimated to have notable growth during the coming years. The market in this region is expanding owing to the increased attention being paid to personalized medication and the expanding knowledge of allergic disorders. The IgE allergy blood tests market growth potential in this region is further enhanced by the incorporation of these tests into standard healthcare regimens.
Author Credits: Radhika Pawar
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