JERSEY CITY, N.J., Dec. 15, 2020
Increasing incidence of autoimmune diseases, rising awareness about autoimmune diseases, and the growth in research on autoimmune diseases is expected to grow over the forecast period
JERSEY CITY, N.J., Dec. 15, 2020 /PRNewswire/ -- Verified Market Research recently published a report, "Autoimmune Disease Diagnostics Market by Product (Drugs, Therapeutic & Monitoring Equipment, Diagnostic Equipment), by Type (Localized Autoimmune Disease Diagnostic, Systemic Autoimmune Disease Diagnostic), by Technology (Bridge Therapy, Disease-modifying Antirheumatic Drugs (DMARD), Topical Therapy, Phototherapy, Helminthic Therapy, Recombinant Technology),Geography". According to Verified Market Research, the Global Autoimmune Disease Diagnostics Market was valued at USD 3.98 billion in 2020 and is projected to reach USD 7.17 billion by 2027, growing at a CAGR of 8.79% from 2021 to 2027.
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Autoimmune Disease Diagnostics Market Overview
The global autoimmune disease diagnostics market is principally driven by the increasing prevalence of autoimmune disorders such as type 1 diabetes in newborn babies and children, coupled with increasing demand for rapid diagnostic. The growing elderly population and the incidence of autoimmune disease are also driving the growth of the autoimmune disease market. As per the American Autoimmune Related Diseases Association, in the year 2019, approximately 50 million Americans suffer from autoimmune-related disorders. Besides, the numbers are expected to increase over the forecast period. The demand for more reliable and accurate diagnostic methods, along with the growing prevalence, is expected to grow over the forecast period.
Moreover, research and diagnostics institutes across the globe are taking promising initiatives in agreement with government organizations owing to the increasing prevalence of autoimmune disorders and the consistent rise in healthcare investment. Various organizations such as the Autoimmunity Centers of Excellence, Cooperative Study Group for Autoimmune Disease Prevention and North American Rheumatoid Arthritis Consortium are frequently involved in teaching patients and healthcare specialists about proper diagnosis and treatment. Furthermore, the introduction of technological modifications and increasing lab automation rates are expected to feed market growth. Clinicians are utilizing advanced technology to administer multiple tests at the same time with more durable and more accurate results.
The major players in the market are Siemens, Abbott, Thermo Fisher Scientific, Danaher, Bio-Rad Laboratories, GRIFOLS, Trinity Biotech, Inova Diagnostics, HYCOR Biomedical, and Euroimmun.
Verified Market Research has segmented the Global Autoimmune Disease Diagnostics Market on the basis of Product, Type, Technology, and Geography.
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