Market Scope
Autoimmune disease diagnostics market in2020 was worth USD 3300 million, says Market Research Future (MRFR). It isanticipated that the market size could grow at a rate of 7.6% between 2020 and2027.
Top Boosters andChallenges
Accelerated burden of autoimmune disorders includingtype 1 diabetes among newborn babies has raised the need for accurate and rapiddiagnostics worldwide. Diagnostics and research institutes around the world areintroducing initiatives along with government firms due to the surging cases,in line with the surge in healthcare spending. The National Institutes ofHealth suggests that autoimmune diseases are among the top five disorders thatresult in high mortality rates, especially among women.
Active involvement of various government bodiesis touted to be favorable for the global industry. Organizations like CooperativeStudy Group for Autoimmune Disease Prevention, North American RheumatoidArthritis Consortium and Autoimmunity Centers of Excellence are proactivelyworking on educating people as well as medical professionals about effective diagnosisand treatment. Surging awareness among the mass with regard to these disordersshould bolster market growth in the coming years. Besides, frequent technologicaladvances and the surge in lab automation rates will be major trends, with cliniciansnow able to carry out multiple tests simultaneously at a faster rate along withmore precise and successful results.
Regional Study
The regional study of the autoimmunedisease diagnostics market comprises Europe, Asia Pacific or APAC, the Americasand MEA or Middle East and Africa.
America is the market leader, consideringthe high patient awareness about the latest diagnosis techniques and thepresence of modern healthcare infrastructure in the region. Escalating burdenof diseases like Hashimoto’s thyroiditis and rheumatoid arthritis in the US andthe government giving financial assistance to healthcare should also enhancethe market size in the region. The American Autoimmune Related DiseasesAssociation confirms that close to 60 million individuals in the United Statesare currently struggling with an autoimmune disease and this number isanticipated to jump rapidly in the next few years. As a result, the need formore effective and advanced autoimmune disease diagnostic tests is soaringrapidly in the region.
The European market stands second globally,primarily owing to the government support in the form of large-scale fundingfor the development of the healthcare sector. In addition, the surge in thenumber of research and development activities, emergence of the automation trendacross laboratories, and aggressive strategical moves taken by leadingcompanies in the region also add to the market value.
Also read @ https://www.marketresearchfuture.com/reports/autoimmune-disease-diagnostics-market-6715
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