Wilmington, Delaware, United States, June 28, 2022 (GLOBE NEWSWIRE) -- Analysts at Transparency Market Research (TMR) state that the global autoimmune disease diagnostics market is projected to expand at a CAGR of 3.8% during the forecast period, from 2019 to 2027.
Rise in awareness among global population about different autoimmune diseases is resulting into notable growth prospects in the global autoimmune disease diagnostics market. Autoantibody test, antinuclear antibody test, comprehensive metabolic panel, complete blood count (CBC), erythrocyte sedimentation rate (ESR), urinalysis, and C-reactive protein (CRP) test are some of the tests available in the global market for autoimmune disease diagnostics.
The presence of many well-entrenched companies makes the competition levels in the global autoimmune disease diagnostics market highly intense. Hence, market players are using organic and inorganic strategies such as the new product launches, collaborative agreements, mergers, and acquisitions in order to expand their businesses in the autoimmune disease diagnostics market.
Major autoimmune disease diagnostics manufacturers are focusing on the development of next-gen products and their regulatory approvals. Such initiatives are projected to help in the rapid expansion of the global market for autoimmune disease diagnostics.
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Autoimmune Disease Diagnostics Market: Key Findings
- The cases of different types of autoimmune diseases are being increasing around the world in the recent years. Increase in the prevalence of rheumatoid arthritis, systemic lupus erythematosus, Graves’ disease, type 1 diabetes, and Hashimoto’s thyroiditis is resulting into rise in the demand for varied autoimmune disease diagnostics solutions, which in turn, is fueling the sales growth in the market. Hence, the global autoimmune disease diagnostics market is prognosticated to gain a valuation of US$ 14.4 Bn by 2027.
- Different organizations operating in the global healthcare sector are focusing on the utilization of technologically advanced diagnostic techniques as a part of the treatment solutions for autoimmune disorders. Therefore, the life expectancy of people has been extended and resulted into a rise in the cost of treatment, notes a TMR study on the market for autoimmune disease diagnostics. Moreover, the government authorities of several developed and developing nations globally are increasing investments in researches focused on advancing their health care services. Such factors are resulting into increased growth prospects for autoimmune disease diagnostics market players.
- Different organizations are taking initiatives in order to spread awareness about autoimmune diseases. For instance, National Institutes of Health (NIH) initiated Centers of Excellence in autoimmune diseases. This aside, American Autoimmune Related Diseases Association (AARDA) has developed the Center for Autoimmune Disease Research at Johns Hopkins University Medical Center. Furthermore, AARDA also offers sponsorships for different programs and workshops that bring researchers involved in autoimmune research together. Such initiatives are expected to propel the autoimmune disease diagnostics market.
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Autoimmune Disease Diagnostics Market: Growth Boosters
- Consistent increase in the autoimmune patient populace is fueling the sales growth in the global market for autoimmune disease diagnostics
- Rising focus of government authorities on offering improved healthcare to people is generating sizable growth opportunities in autoimmune disease diagnostics market
- Increasing health care spending by people from across the globe is leading to profitable prospects for the market players
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Autoimmune Disease Diagnostics Market: Key Players
Some of the key players profiled in the report are:
- Beckman Coulter, Inc. ,
- Abbott Laboratories, Inc.,
- Bio-Rad Laboratories,
- bioMérieux SA,
- Inova Diagnostics, Inc.,
- F. Hoffmann-La, Roche Ltd.,
- SQI Diagnostics, Inc.,
- Quest Diagnostics,
- Siemens Healthcare
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Autoimmune Disease Diagnostics Market Segmentation
Test Type
- Antinuclear Antibody Test
- Autoantibody Test
- Complete Blood Count (CBC)
- Comprehensive Metabolic Panel
- C-reactive Protein (CRP) Test
- Erythrocyte Sedimentation Rate (ESR)
- Urinalysis
- Others
Disease Type
- Graves’ Disease
- Hashimoto’s Thyroiditis
- Multiple Sclerosis
- Rheumatoid Arthritis
- SLE (Lupus)
- Type 1 Diabetes
- Others
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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