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Autoimmune Disease Diagnostics Market - Current Trends and Future Opportunities | Abbott Laboratories, Inc., Beckman Coulter, Inc., bioMérieux SA, Bio-Rad Laboratories
Autoimmune Disease Diagnostics Market
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The autoimmune disease diagnostics market has been expected to grow at a significant rate because of the increasing cases of the diseases such as type 1 diabetes, Graves' disease, Hashimoto's thyroiditis, rheumatoid arthritis, and systemic lupus erythematosus.
As per the data provided by the National Institutes of Health, almost up to 23.5 million Americans generally encounter an autoimmune disease and this count is expected to rise during the forecast period. This increasing prevalence of autoimmune diseases has been predicted to fuel expansion opportunities in the market in the upcoming years.
As per the research report by Transparency Market Research, the autoimmune disease diagnostics market has been estimated to reach a CAGR of 3.8% and reach a valuation of US$ 14.4 Bn. during the forecast period from 2019 to 2027.
Growing Technological Advancements in Diagnostic Techniques Drive Growth Opportunities in Market
There has been a noticeable increase in the count of technological advancements in different diagnostic techniques for autoimmune diseases. This factor has further extended the life expectancy among people around the world. The cost of the treatment has also increased with these technological advancements.
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Governments from different countries around the world are increasing spending to ensure better healthcare services among people. For instance, the Centers for Medicare & Medicaid Services has analyzed on the basis of preliminary government data. This analysis has revealed that the U.S. has increased its health care spending by 5% in 2014, which was 3.6% in 2013. Apart from the developed counties, some developing countries such as India are also increasing health care spending to provide better medical services to their citizens. Owing to these factors, the autoimmune disease diagnostics market has been estimated to experience significant growth opportunities in the upcoming years.
The market of autoimmune disease diagnostics has been highly fragmented due to the presence of various regional as well as international players. Some of the key players operating in the autoimmune disease diagnostics market include Siemens Healthcare, SQI Diagnostics, Inc., Quest Diagnostics, F. Hoffmann-La, Roche Ltd., Inova Diagnostics, Inc., Bio-Rad Laboratories, bioMérieux SA, Beckman Coulter, Inc., and Abbott Laboratories, Inc.
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Growing Awareness among People Related to Autoimmune Diseases Anticipated to Boost Market Growth
There has been a significant increase in the awareness and knowledge related to autoimmune diseases among caregivers and patients. This factor has been likely to contribute to the growth prospects in the autoimmune disease diagnostics market in the forthcoming years.
AARDA has taken the initiative to form the Center for Autoimmune Disease Research at Johns Hopkins University Medical Center. The NIH has also established Centers of Excellence in autoimmune diseases. In addition to this, AARHA also sponsors different workshops and programs. The aim of these programs is to bring together various researchers that belong to different disciplines involved in autoimmune research. Owing to these factors, the autoimmune disease diagnostics market has been anticipated to experience significant growth opportunities in the forthcoming years.
Equipment Costs and Competitive Pricing Projected to Hamper Market Prospects
The autoimmune disease diagnostics market has been characterized by intense competition from local manufacturers. These manufacturers provide products at a low cost. This factor is expected to curtail growth prospects in the market growth.
Continuous technological advancements in the field of autoimmune disease diagnostics to ensure efficiency and accuracy have been predicted to boost growth opportunities in the autoimmune disease diagnostics market.
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The global autoimmune disease diagnostics market is divided into:
Global Autoimmune Disease Diagnostics Market, by 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
Global Autoimmune Disease Diagnostics Market, by Disease Type
Graves' Disease
Hashimoto's Thyroiditis
Multiple Sclerosis
Rheumatoid Arthritis
SLE (Lupus)
Type 1 Diabetes
Others
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About Us
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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Transparency Market Research Inc.
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