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Key Players in the Allergy Diagnostics Market Focus on the Strategies of New Product Launches and Expansions
The allergy diagnostics market is consolidated in nature due to the presence of a few large players. The prominent players in the allergy diagnostics market include bioMérieux SA (France), Danaher Corporation (U.S.), Hitachi Chemical Diagnostics, Inc. (Japan), Siemens AG (Germany), Thermo Fisher Scientific, Inc. (U.S.), Stallergenes Greer (France), HOB Biotech Group Co., Ltd (China), HYCOR Biomedical (U.S.), Lincoln Diagnostics, Inc. (U.S.), and Omega Diagnostics Group PLC (U.K.).
Siemens AG dominated the global allergy diagnostics market in 2015. The company has a strong presence in the U.S. and in regions such as Europe and Asia-Pacific. The company focuses on new product launches as its key growth strategy; in July 2014, Siemens Healthineers launched ADVIA Centaur XPT Immunoassay System1, ADVIA Chemistry XPT System, and Precia Stride Coagulation Analyzer at the IFCC World Lab in Istanbul. The new product launches are expected to significantly impact the company's customer base.
Thermo Fisher Scientific is the second-largest player in the allergy diagnostics market in 2015. The company operates in over 50 countries across North America, Europe, Asia, and Latin America. The company focuses on expanding its presence in the allergy diagnostics products market by strategically investing in research and development, which allows it to launch new products in the market. In June 2014, Q Exactive HF (high field) liquid chromatography-mass spectrometry (LC-MS) system. These and similar products strengthened the company’s portfolio in the allergy diagnostics instrument market.
The key strategies followed by most companies in the allergy diagnostics market are new product launches; expansions; acquisitions; and partnerships, agreements, and collaborations. The strategies of new product launches and expansions accounted for the largest shares of the overall growth strategies mapped from 2012 to 2016; both these strategies accounted for a share of 26.9% each. Some of the leading players that adopted these strategies include Siemens AG (Germany), Thermo Fisher Scientific, Inc. (U.S.), HOB Biotech Group Co., Ltd (China), and Lincoln Diagnostics, Inc. (U.S.).
Allergy Diagnostics Market by Product (Assay Kits, Instruments (Immunoassay Analyzer, Luminometer), Consumables, Services), Allergen (Food, Inhaled, Drug), Tests (In Vivo, In Vitro), End User (Hospital, Diagnostic Laboratory) - Forecast to 2021
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