The objective of the study is to analyze the key market dynamics, such as drivers, opportunities, challenges, restraints, and key player strategies. To track company developments such as acquisitions, product launches, expansions, collaborations, agreements, and partnerships of the leading players, the competitive landscape of the Allergy Diagnostics market to analyze market players on various parameters within the broad categories of business and product strategy. Top-down and bottom-up approaches were used to estimate the market size. To estimate the market size of segments and subsegments, the market breakdown and data triangulation were used.
The four steps involved in estimating the market size are
Collecting Secondary Data
The secondary research data collection process involves the usage of secondary sources, directories, databases (such as Bloomberg Businessweek, Factiva, and D&B), annual reports, investor presentations, and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and commercial study of the Allergy Diagnostics market. A database of the key industry leaders was also prepared using secondary research.
Collecting Primary Data
The primary research data was conducted after acquiring knowledge about the Allergy Diagnostics market scenario through secondary research. A significant number of primary interviews were conducted with stakeholders from both the demand side (such as hospital-based laboratories & clinics, diagnostic laboratories, and academic research institute) and supply side (such as included various industry experts, such as Directors, Chief X Officers (CXOs), Vice Presidents (VPs) from business development, marketing, and product development teams, product manufacturers, wholesalers, channel partners, and distributors) across major countries of North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Approximately 40% of the primary interviews were conducted with stakeholders from the demand side, while those from the supply side accounted for the remaining 60%. Primary data for this report was collected through questionnaires, emails, and telephonic interviews.
A breakdown of the primary respondents is provided below:
Breakdown of Primary Participants:
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Market Size Estimation
All major product manufacturers offering various Allergy Diagnostics were identified at the global/regional level. Revenue mapping was done for the major players and was extrapolated to arrive at the global market value of each type of segment. The market value Allergy Diagnostics market was also split into various segments and subsegments at the region and country level based on:
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Product mapping of various manufacturers for each type of Allergy Diagnostics market at the regional and country-level
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Relative adoption pattern of each Allergy Diagnostics market among key application segments at the regional and/or country-level
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Detailed primary research to gather qualitative and quantitative information related to segments and subsegments at the regional and/or country level.
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Detailed secondary research to gauge the prevailing market trends at the regional and/or country-level
Global Allergy Diagnostics Market Size: Top Down Approach
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Global Allergy Diagnostics Market Size: Bottom-Up Approach
Data Triangulation
After arriving at the overall market size—using the market size estimation processes—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the Allergy Diagnostics industry.
Market Definition
The purpose of allergy testing is to help identify the substances that are causing a patient's symptoms. There are several types of tests available, including as patch, blood, challenge, intradermal, and skin tests. Challenge tests, such as food, inhalation, medication, and physical challenges, are frequently performed by allergists. Blood tests are generally used when unsafe or unapplicable skin tests, such as consuming certain medications or having a skin condition that may interfere with skin testing. Allergy tests such as in vitro & in vivo tests are performed to determine the cause, stage, prognosis, and treatment course for allergic diseases.
Key Stakeholders
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Senior Management
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Finance/Procurement Department
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Doctors/Allergists
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Researchers
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Technicians
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End Users/Operators
Report Objectives
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To provide detailed information about the factors influencing the market growth (such as drivers, restraints, opportunities, and challenges)
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To define, describe, segment, and forecast the Allergy Diagnostics market by product & service, test type, allergen, end user, and region.
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To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
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To analyze micro markets with respect to individual growth trends, prospects, and contributions to the overall Allergy Diagnostics market
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To forecast the size of the Allergy Diagnostics market in five main regions along with their respective key countries, namely, North America, Europe, the Asia Pacific, Latin America, and Middle East & Africa.
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To profile key players in the Allergy Diagnostics market and comprehensively analyze their core competencies and market shares
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To track and analyze competitive developments, such as acquisitions; product launches; expansions; collaborations, agreements, & partnerships; and R&D activities of the leading players in the Allergy Diagnostics market.
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To benchmark players within the Allergy Diagnostics market using the Competitive Leadership Mapping framework, which analyzes market players on various parameters within the broad categories of business and product strategy
Available Customizations
MarketsandMarkets offers the following customizations for this market report:
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Additional country-level analysis of the Allergy Diagnostics market
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Profiling of additional market players (up to 5)
Product Analysis
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Product matrix, which provides a detailed comparison of the product portfolio of each company in the Allergy Diagnostics Market
Growth opportunities and latent adjacency in Allergy Diagnostics Market