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What's driving Autoimmune Disease Diagnostics Market ? Top Players - SQI Diagnostics, Bio-Rad Laboratories, Inc, EUROIMMUN, AESKU Diagnostics, Inova diagnostics Inc., bioMerieux SA, Abbott Laboratories, Siemens AG, Beckman Coulter Inc. and Quest Diagnosti

03-11-2019 11:16 AM CET | Health & Medicine

Press release from: Global Market Insights, Inc.

Autoimmune Disease Diagnostics Market

Autoimmune Disease Diagnostics Market

Growing at 2.5% CAGR over 2016-2023, autoimmune disease diagnostics market will get a push owing to the increasing prevalence of autoimmune diseases favorable government norms, rising health awareness, and as enhanced R&D investments globally. As per NIH (National Institutes of Health) estimates, nearly 23.5 million Americans suffer from autoimmune diseases, which is a major factor boosting the demand for autoimmune disease diagnostics servicesin America. Moreover, rising healthcare expenditure will also positively impact global autoimmune disease diagnostics market due to the growing demand for curtailing the global disease burden expenses. NIH estimates the direct healthcare costs due to autoimmune diseases per annum to be nearly USD 100 billion. Furthermore, technological innovations in healthcare industry such as novel biomarkers, as portable diagnostic devices, genetic testing, etc. will favorably impact global autoimmune disease diagnostics industry trends over the next few years.

North America autoimmune disease diagnostics market worth USD 5.3 billion in 2015, is projected to witness a high growth over the coming years, owing to high occurrence of autoimmune ailments. Furthermore, growing popularity of portable diagnostic devices will further boost the regional growth. U.S. is projected to be a major regional revenue contributor.

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Europe autoimmune disease diagnostics market size was valued at USD 4.3 billion in 2015 and was the second largest region contributing towards the global revenue. High government backing in terms of financial investments along with increasing prevalence of these ailments across Europe will drive the industry growth over the coming years UK and Germany are projected to be major regional revenue pockets for Europe.

Asia Pacific autoimmune disease diagnostics market is estimated to register a growth rate of o5% over the period of 2016-2023, primarily driven by the large patient base across APAC. Japan and China are predicted to contribute significantly towards the regional share.

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Major autoimmune disease diagnostics products include localized and systemic products. Localized autoimmune disease diagnostics industry revenue is expected to reach over USD 10 billion by 2023. The growth can be attributed to rising awareness about the autoimmune diseases along with its increased occurrence. Systemic autoimmune disease diagnostics market size worth USD 4.2 billion in 2015, is anticipated to grow at a CAGR of 3.5% over the coming six years. Over the coming years, industry players will invest heavily in R&D to improve their product and solution portfolios. Moreover, technological developments such as genetic and molecular testing will gain heavy momentum in autoimmune disease diagnostics business space over the coming timeframe. Key autoimmune disease diagnostics market participants are Abbott Laboratories, SQI Diagnostics Inc., Beckman Coulter Inc, Siemens Healthcare, Roche Diagnostics, INOVA Diagnostics Inc., and Quest Diagnostics.

Report Content

Chapter 1. Methodology
1.1. Methodology
1.2. Market definition
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary

Chapter 2. Executive Summary
2.1. Autoimmune disease diagnostics industry 3600 synopsis, 2014 - 2025
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Regional trends

Chapter 3. Autoimmune Disease Diagnostics Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2014 – 2025
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.1.1. High prevalence of autoimmune diseases worldwide
3.3.1.2. Rising investments for research in North America
3.3.1.3. Encouraging government support in developed countries for research
3.3.1.4. Initiatives by public and private organizations to increase patient awareness
3.3.1.5. Increasing adoption of lab automation technology in U.S. and Europe
3.3.2. Industry pitfalls & challenges
3.3.2.1. Long waiting time for diagnostic tests results
3.3.2.2. Inadequacy of skilled healthcare professionals in developing countries
3.4. Growth potential analysis
3.4.1. By product
3.5. Porter’s analysis
3.6. Competitive landscape, 2017
3.6.1. Strategy dashboard
3.7. PESTEL analysis

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Blog : http://news-researchers.com/

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