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Autoimmune Disease Diagnostics Market is expected to reach USD18.2 billion with CAGR of 6.04% by 2020
autoimmune disease diagnostics market, autoimmune disease diagnostics global markets, autoimmune disease diagnostics market analy
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The global autoimmune disease diagnostics market is expected to reach USD18.2 billion by 2020 from USD12.8 billion in 2014. During this period, the CAGR is expected to be 6.04%
Autoimmune diseases are a group of diseases characterized by inflammatory reactions caused by immune responses mistakenly generated against body tissues. Rheumatoid arthritis is an example of an autoimmune disease that affects women more than men. Recent discoveries in diagnostic techniques in autoimmune disease are driving the market. Although the disease is rare, continuous innovations and developments in the diagnostic provide market opportunities for industry participants.
Global Autoimmune Disease Diagnostics Market- Market Dynamics
The report details several driving and restraining factors for the autoimmune disease diagnostics market. Some of these are listed below.
Drivers
Growing public awareness for autoimmune disorders
Improved laboratory techniques and automation
Increase in partnerships between physicians and clinical laboratories
Rising incidences of the disease like Rheumatoid arthritis, Graves and Hashimoto's Thyroid Disease, lupus and type 1diabetes
Restraints
Slow turnaround time for autoimmune disease diagnostic test results and high frequency of false positive results are the factors which are slowing down the market.
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Despite the lower incidence and prevalence rate, the market size of Southern Asia is sizable because of its large population. Western countries show increasing incidence of autoimmune disorder because of the changing lifestyle, hygiene, and unhealthy eating. Revenue growth is primarily driven in the United States market where the incidence of gastrointestinal autoimmune conditions primarily celiac disease is on the rise. In the US alone, 8% of the population suffers from autoimmune diseases, 78% of which are women.
Global autoimmune disease diagnostics market is segmented based on type (localized autoimmune disease diagnostic and systemic autoimmune disease diagnostic ), products( drugs, therapeutic and monitoring equipment, diagnostic equipment), service market( consultation and diagnosis, therapy & monitoring, drug development and discovery), technology( bridge therapy, DMARD, topical therapy, phototherapy, helminthic therapy, recombinant technology)and geography( US, Europe, Asia-Pacific, RoW).
Some of the key players in the market are:
AstraZeneca
F.Hoffmann-La Roche
Novartis AG
Pfizer Inc.
Sanofi-aventis
What the Report Offers
Market definition for global autoimmune disease diagnostics along with identification of key drivers and restraints for the market.
Market analysis for the autoimmune disease diagnostic, with region-specific assessments and competition analysis on a global and regional scale.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their share of markets.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Reasons for Buying this Report
To gain an exhaustive understanding of the worldwide market for global autoimmune disease diagnostics.
The report will be of assistance in providing a comprehensive analysis of the major trends, innovations and associated prospects for market growth over the coming half a decade.
An ideal opportunity for industry consultants and other interested and allied parties to gain a critical insight into the factors driving and restraining the market, in addition to opportunities, offered.
Wide-ranging information provided about the leading market players and the major strategies adopted by them.
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