Autoimmune Disease Diagnostics Market Surpass $16 Billion By 2026 | CAGR 2.8%

Author: Acumen Research and Consulting

As indicated by Acumen Research and Consulting, the global autoimmune disease diagnostics market size is evaluated to grow at CAGR around 2.8% over the estimate time frame. Increasing occurrences of diseases, growing demand for better and accurate diagnostic procedures, rising awareness towards the benefits of early diagnosis, various research and development activities, and initiatives taken by favourable governments regulations are some of the key factors that are fueling the autoimmune disease diagnostics market growth across the globe. Autoimmune diseases are body’s unusual immune reaction that produce antibodies which attack own tissues and cells. This usually causes destruction and weakening of healthy tissues. The North America market is likely to grow at remarkable CAGR due to the availability of wide range of various better and accurate disease diagnostic methods, early adoption of various advanced diagnostic methods and ongoing technological advancements in the healthcare industry. Awareness programs conducted by various organizations are also playing the major role in the growth of regional autoimmune disease diagnostics market.

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Localized Segment is Also Anticipated to Witness a High Demand over the Forecast Period

On the basis of product, the autoimmune disease diagnostics market is segmented into systemic and localized. Systemic segment is further divided into rheumatoid systemic lupus erythematosus, ankylosing spondylitis and arthritis. Localized segment is anticipated to dominate the global autoimmune disease diagnostics market over the forecast period owing to the growing incidences of localized autoimmune disorders such as thyroiditis. Furthermore, rapidly increasing occurrences of various diseases along with the growing awareness amongst the patients is the key factor that positively impacting the growth of the segment. Development of healthcare infrastructure with the rising expenditure is expected to boost the demand for the various enhanced diagnostic methods for better treatment. The growing demand for improved and accurate diagnostic procedures due to the growth in prevalence of the various diseases is projected to boost the adoption of autoimmune disease diagnostics methods throughout the forecast period. Moreover, improved laboratory automation, technological advancements, partnerships with clinical laboratories and physicians and development of the healthcare industry are some of the other factors driving the autoimmune disease diagnostics market growth.

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North America to Dominate the Overall Market during the Forecast Period

Geographically, the global autoimmune disease diagnostics market has been divided into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America is expected to accumulate highest market share in the global autoimmune disease diagnostics market. North America is expected to grow at ample growth rate over the forecast period owing to the availability of wide range of various better and accurate disease diagnostic methods, early adoption of various advanced diagnostic methods and ongoing technological advancements in the healthcare industry. Awareness programs conducted by various organizations are also playing the major role in the growth of regional autoimmune disease diagnostics market. Growth in the adoption of autoimmune disease diagnostics and ongoing technological advancements in the healthcare industry in the region are also helping the growth of the regional market. Growing healthcare expenditure and inclination towards more advanced autoimmune disease diagnostics are supplementing the regional market growth. Large numbers of small and large scale autoimmune disease diagnostics manufacturers from the region are rapidly investing in research and development activities in order to offer more accurate and cost effective diagnostic methods to the patients. Asia Pacific is also anticipated to growth at considerable pace during the forecast period owing to the continuous development in the healthcare infrastructure and presence of large number of patient base and growing disposable income in the emerging countries. Additionally, increasing awareness towards early diagnostics among people is anticipated to boost the regional market growth throughout the forecast period.

Novartis AG, Abbott Laboratories and Hoffmann-La Roche are Likely to Continue to Lead the Global Autoimmune Disease Diagnostics Market

The autoimmune disease diagnostics market is consolidated with limited number of manufacturers. The company profiling of key players in the market includes company overview, major business strategies and revenues. The key players of the market are straZeneca, Inova Diagnostics Inc., Novartis AG, Abbott Laboratories, Pfizer Inc., F. Hoffmann-La Roche, Bio-Rad Laboratories Inc., Hemagen Diagnostics Inc., Beckman Coulter Inc. and Sanofi-aventis.

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