Autoimmune Disease Diagnostics Market Trends & Growth Analysis of Key Players – Siemens Healthcare, Roche Diagnostics, Abbott Laboratories, BioMerieux, EUROIMMUN, Quest Diagnostics

Owing to a surge in the demand for personalized medicine and the rapid developments being witnessed in genetic testing procedures, the autoimmune disease diagnostics market has evolved as one of the most enterprising niche verticals of the healthcare and medical devices industry in the recent times. Numerous awareness programs are being undertaken by various private healthcare providers and government bodies to educate masses about the significance of early diagnosis of autoimmune disorders. In addition to this, swift advancements being made in autoimmune research across various developed and emerging nations over the last few years is anticipated to further propel the growth trajectory of autoimmune disease diagnostics industry in the forthcoming times.

MarketStudyReport.com Adds New Autoimmune Disease Diagnostics Market 2017 – 2024 research report providing information and data By Product, Industry Analysis, Regional Outlook, Application Potential, Trends, Competitive Market Share & Forecast spreading across 100 Pages with table and figures in it.

Autoimmune Disease Diagnostics Market size is set to exceed USD 16 billion by 2024. Rising prevalence of autoimmune disorders such as rheumatoid arthritis, Hashimoto's thyroiditis, type 1 diabetes and Grave's disease will drive the global autoimmune disease diagnostics market. Growing patient awareness levels pertaining to autoimmune diseases due to the launch of national awareness campaigns will further fuel industry expansion.

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Advancement in technology such as lab automation developed to cater the need of increasing diagnostic procedures is another growth rendering driver. Moreover, favorable research funding programs conducted by various organizations and NIH to reduce cost burden for these diseases will favor industry expansion.

Lack of skilled healthcare professionals and experts coupled with long and complex diagnosis process for autoimmune disease will hamper business growth. Low lab automation rate leads to increasing diagnosis turnaround time which further impedes the market growth.

Localized autoimmune disease diagnostics held higher market share in 2016 and should show a similar trend over the forecast years owing to the increasing prevalence of gastrointestinal autoimmune diseases such as Crohn's disease, Grave's disease and multiple sclerosis affecting the specific organ. Systemic disease diagnostics is poised to be the fastest growing segment with a CAGR of 3.9% owing to rising cases of rheumatoid arthritis (RA) and systemic lupus erythematosus (SLE) across the globe.

UK autoimmune disease diagnostics market should witness considerable growth over the coming years. Increasing prevalence of systemic disorders such as rheumatoid arthritis coupled with improving public awareness levels through efforts of organizations such as National Rheumatoid Arthritis Society (NRAS) should augment regional growth.

China autoimmune disease diagnostic market should grow at robust rate with growing prevalence of autoimmune pancreatitis, improving healthcare infrastructure coupled with increased R&D efforts and rising patient awareness levels.

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Some of the key industry players operating in global autoimmune disease diagnostics market are Siemens Healthcare, Roche Diagnostics, Abbott Laboratories, BioMerieux, EUROIMMUN and Quest Diagnostics.

The industry players attempt to enhance their market foothold by opting strategies such as agreements and partnerships. The companies are also developing cost-effective solutions and modules for ease in detection of autoimmune disorders. For instance, in July 2016, FDA cleared Inova diagnostics' QUANTA Flash dsDNA, QUANTA Flash Scl-70 and QUANTA Flash Jo-1 which aids in the early diagnosis of systemic lupus erythematosus.

Table of Content:

Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
Chapter 3. Autoimmune Disease Diagnostics Industry Insights
Chapter 4. Autoimmune Disease Diagnostics Market, By Product
Chapter 5. Autoimmune Disease Diagnostics Market, by region
Chapter 6. Company Profiles

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Outer Scope of this Report: The increasing prevalence of autoimmune diseases which include Hashimoto’s thyroiditis, Type 1 diabetes, and rheumatoid arthritis has been a cause of serious concern amongst healthcare professionals across the globe. According to American Autoimmune Related Diseases Association, Inc., autoimmune diseases are one of the leading causes of death in women of all age groups (up to 64 years) across the U.S. Approximately 23.5 million Americans suffer from autoimmune diseases and the prevalence is rising every year, as per the statistics released by the National Institutes of Health. These figures present a clear view of the widespread occurrence of autoimmune diseases across major developed nations which would impel the demand for advanced and cost-effective diagnostic methodologies. This would, in turn, open up huge opportunities for the firms partaking in autoimmune disease diagnostic market in the years ahead.

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