Autoimmune Disease Diagnostics Market to grow at 2.5% CAGR from 2016 to 2023

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Autoimmune Disease Diagnostics Market to grow at
2.5 CAGR from 2016 to 2023 Global Market
Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Autoimmune Disease Diagnostics
Market

• Global Market Insights, Inc. says the global
  autoimmune disease diagnostics market worth USD
  12.8 billion in 2015, is anticipated to grow at a
  moderate CAGR of 2.5, hitting USD 15 billion in
  2023.
• Autoimmune disease diagnostics market is
  revolutionizing the healthcare industry due to
  alarming rates of autoimmune diseases globally.
• Autoimmune diseases are self-inflicted diseases
  caused due to the abnormal immune response to a
  body part. As per the NIH Autoimmune Disease
  Coordinating Committee (ADCC), 14-22 million
  people in the U.S. are affected by some sort of
  autoimmune diseases.
• Another study depicts 7 million people in the
  Europe to be suffering from autoimmune ailments.
  Moreover, NIH (National Institutes of Health)
  mentions autoimmune diseases to be one of the top
  10 causes of female demise in the U.S.

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Continued...

• Growing prevalence of these diseases, rising
  awareness among patients, and government
  initiatives towards reducing the frequency of
  such ailments will be the major factors driving
  the market growth over the next eight years, as
  per the report.
• The frequent occurrence of these diseases has
  resulted in a huge healthcare expenditure. The
  treatment of autoimmune ailments is way costlier
  and is a serious concern to the overall
  healthcare system.
• Government measures addressing this global issue
  is favorably impacting the growth of new
  diagnostic methods to detect and cure such
  ailments, in turn favoring the global autoimmune
  disease diagnostics market.
• Autoimmunity Centers of Excellence (ACE) by the
  collaboration of NIH, non-profit organizations,
  and pharmaceutical companies which performs
  various researches for the development of
  diagnostic tools.

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Continued...

• The U.S will be leading the North America
  autoimmune disease diagnostics market due to the
  high occurrence of related ailments accompanied
  by rising patient awareness in this region.
• Europe market is set to secure the second
  position globally driven by the government
  support in these regions. Germany and UK will
  drive the regional growth.
• The Asia Pacific, on account of its large patient
  pool, is pegged to grow at a CAGR of 5.3 over
  the period of 2016-2023.
• On the product front, the localized autoimmune
  disease diagnostics will dominate the systematic
  diagnostics segment over the coming period. The
  localized autoimmune disease diagnostics market
  is likely to surpass USD 10 billion by 2023.
• Major industry participants are Siemens
  Healthineers, Roche Diagnostics, Euroimmun,
  Abbott Laboratories, Beckman Coulter Inc., Quest
  Diagnostics, SQI Diagnostics Inc, and INOVA
  Diagnostics, Inc.

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Autoimmune Disease Diagnostics Market Size, By
Product, 2012 - 2023 (USD Million)

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