Autoimmune Disease Diagnostics Market Is Expected To Reach Usd 15.11 billion With 2.39% By The End Of 2022

 

Industry Outlook and Trend Analysis
In 2012, the global Autoimmune Disease Diagnostics Market was worth around USD 11.62 billion and is predicted to reach around USD 15.11 billion by 2022, with a compound annual growth rate (CAGR) of 2.39% during the projected period.
Increasing occurrence of autoimmune diseases like type 1 diabetes in infants combined with the requirement for speedy diagnostics are the major factors driving the growth of the global market. Diagnostics and research institutes around the world are attempting initiatives in defiance with governmental organizations due to growing occurrence of autoimmune diseases and subsequent increase in overall healthcare expenditure. As per the data released by the National Institutes of Health (NIH), these diseases have been graded as among the leading ten disorders directing to escalating rate of mortality among females. Technological innovations and rising rates of lab automation are expected to boost the growth of the global market. Practitioners are implementing highly developed technology with the aim of conducting various tests at the same time with quicker and more specific outcome. Reduced turnaround linked with the application of traditional illness diagnostic techniques as well as the existence of the lesser amount of standardized tests for more than 80 types of diseases are few of the defects advocating laboratories to shift in the direction of automation.

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Competitive Insights
The market is amalgamated in nature, hence is noted by the existence of wide mergers and acquisitions. Some major participants of the global autoimmune disease diagnostics market are; Siemens Healthineers, F. Hoffmann-La Roche Ltd, Beckman Coulter, Inc., Abbott Laboratories, Quest Diagnostics, SQI Diagnostics, AESKU.Diagnostics GmbH & Co. KG, EUROIMMUN AG, INOVA Diagnostics, Inc., bioMerieux SA, Crescendo Bioscience, Inc., Hemagen Diagnostics, Inc., and Bio-Rad Laboratories, Inc.

Regional Outlook
In 2015, North America regional market held the leading market share of around 40.0%, mostly owing to the initiation of the existence of positive regulations & initiatives attempted by the AARDA, elevated disease occurrence in this region and Affordable Care Act. As per the AARDA, almost 50 million people in America have some form of autoimmune disorder. An elevated occurrence of these diseases together with medical spending has actuated the launching of supportive initiatives by the governmental authorities and other market-friendly organizations. These encouraging initiatives intend to reduce medical expenditure by diagnosing the illness at a much earlier stage and escalating awareness levels of patients. Asia Pacific regional market is anticipated to experience lucrative expansion owing to continuously amending medical infrastructure, rising awareness levels among patients, and the existence of high unfulfilled patient demands.

Market Segmentation- Autoimmune Disease Diagnostics Market
By Type
Systemic Autoimmune Disease Diagnostics
AnkylosingPondylitis
Rheumatoid Arthritis
Systemic Lupus Erythematosus (SLE)
Other Systemic Autoimmune Disease Diagnostics
Localized Autoimmune Disease Diagnostics
Type 1 Diabetes
Multiple Sclerosis
Idiopathic Thrombocytopenic Purpura
Hashimoto’s Thyroiditis
Other Localized Autoimmune Disease Diagnostics

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By Region
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others

Significance of autoimmune disease diagnostics market:
Diagnostics are quintessential to minimize the intensity of an autoimmune disease beforehand through the insistence of early treatment procedures. The various diagnostic procedures entail Complete Blood Count (CBC) test, Erythrocyte Sedimentation Rate (ESR), Antinuclear Antibody Tests, urinalysis, autoantibody tests, comprehensive metabolic panel, and C – reactive protein (CRP) tests. The increasing incidence of autoimmune diseases all over the world has significantly increased the hype of autoimmune disease diagnostics market. The most dominant disease variety in terms of prevalence amongst other autoimmune diseases is rheumatoid arthritis.

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Major Table of Contents:
Chapter 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research

Chapter 2. Executive Summary
2.1. Key Highlights

Chapter 3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
4. Market Analysis by Regions
….CONTINUED FOR TOC

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