Infinium Global Research Allergy Diagnostics Market | Page 8

Allergy Diagnostics Market: Global Industry Analysis, Trends, Market Size and Forecasts up
to 2023
The market size of allergy diagnostics is determined based on the top down approach. The
market size is validated using primary interview with the participants working in some of
the leading players in the allergy diagnostics market. The primary interview participants
typically includes managers and CXO level executives of theleading players in this market.
The primary interviews not only help identify the market size of the allergy diagnostics
market but also identify the factors that promote the growth in the market and the factors
that restrain the growth in this market. The views of primary respondents were reconciled
to provide qualitative analysis of the allergy diagnostics market. The primary respondents
also help identifying top 5-10 players and their possible market share in the respective
country markets and in world market. The bottom-up approach is used to validate the
global market size of allergy diagnostics. With the help of primary interviews and secondary
research the market size of allergy diagnostics is determined for each country studied,
which then is added to arrive at regional market size and thereby obtaining global market
size. This in turn helps us to validate the market size of allergy diagnosticsin the world
market.
Executive Summary
Global Allergy Diagnostics Market Highlights, (USD Million)
The global allergy diagnostics market is expected to grow at a CAGR of 12.4 % between
2017 and 2023 in terms of value. The global Allergy Diagnostics market is driven by the
factors such as rising demand for biosimilar drugs owing to their cost effectiveness, patent
expiration of biologics, and prevalence of chronic diseases among geriatric population.
However, unfavorable government regulations in developed economies and high cost
associated with manufacturing process are likely to act as a primary restraining factors
affecting the global Allergy Diagnostics market over the forecast period. Moreover,
emerging markets owing to relaxed regulations are expected to provide more opportunities
for the manufacturers of biosimilar drugs.
© Infinium Global Research
Page 8