WILMINGTON, DE / ACCESSWIRE / January 5, 2023 / Transparency Market Research Inc. - The last decade has witnessed increase in patient population suffering from different types of new diseases. This has led to development of new medication to help aid recovery.
Prevalence of autoimmune diseases has focused attention on autoimmune disease diagnostics, which is contributing to market growth. Autoimmune disease diagnostic methods include comprehensive metabolic panel, autoantibody test, urianalysis, complete blood count, C-reactive protein test, antinuclear antibody test, and erythrocyte sedimentation rate.
As per the study published by TMR, the global autoimmune disease diagnostics market is anticipated to grow at a compound annual growth rate of 3.8% during the forecast period, between 2019 and 2027.
New autoimmune disease diagnostic technique launches could help prominent autoimmune disease diagnostics market players in gaining an edge over other players and in generating new revenue streams. For example, in August 2022, Beutner announced that it had introduced a new blood test to identify an antigen for autoimmune blistering disease mucous membrane pemphigoid, which causes discomfort in the oral cavity of the patient.
Leading players in the autoimmune disease diagnostics market are adopting growth strategies such as collaborating with smaller players in order to expand their global market presence and improve their revenue.
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Key Findings of Autoimmune Disease Diagnostics Market Study
- Increase in Patient Population Suffering from Different Autoimmune Diseases Boosting Market Growth: The past few years have witnessed an increase in number of patients suffering from different types of autoimmune disorders such as rheumatoid arthritis, Type 1 diabetes, Graves' disease, and systemic lupus. Increase in smoking population and rise in prevalence of obesity among different population sections are some of the factors causing autoimmune diseases. This has led to increase in demand for autoimmune disease diagnostics and helps in expansion of the market size
- Advancements to Existing Diagnostics Techniques Propelling Overall Market: Innovations to existing diagnostic methods to treat patients suffering from various autoimmune disorders are continually evolving. A key factor responsible for the innovations is the need to increase the longevity of patients, thereby leading to rise in demand for advanced autoimmune disease diagnostics and fueling growth in the global market. Furthermore, governments and authorities worldwide are increasing their spending to offer improved diagnostics. This is likely to boost the autoimmune disease diagnostics market during the forecast period.
- Rise in Awareness of Autoimmune Diseases Could Trigger Growth in Market: Patients are increasingly aware about prevalence of different autoimmune disease diagnostics. Knowledge and understanding of these disorders could lead to rise in awareness of diagnostics for these disorders, which is expected to fuel market expansion during the forecast period.
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Autoimmune Disease Diagnostics Market-Key Players
Competition in the global autoimmune disease diagnostics market is fragmented due to the presence of numerous leading players. Entry of new players is likely to intensify the competition in the overall market during the forecast period.
Well-established market players are investing significantly in research and development activities to develop improved diagnostic techniques that could help cure large number of patients.
Few prominent players in the autoimmune disease diagnostics market include Abbott Laboratories, Inova Diagnostics Inc., bioMérieux SA, Siemens Healthcare, Quest Diagnostics, and SQI Diagnostics.
The global autoimmune disease diagnostics market is segmented as follows:
- 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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