Autoimmune Disease Diagnostics Market to grow with 2.5% CAGR from 2017 to 2024

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Autoimmune Disease Diagnostics Market to grow
with 2.5 CAGR from 2017 to 2024 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., Autoimmune Disease
  Diagnostics Market size is set to exceed USD 16
  billion by 2024.
• Rising prevalence of autoimmune disorders such as
  rheumatoid arthritis, Hashimotos thyroiditis,
  type 1 diabetes and Graves disease will drive
  the global autoimmune disease diagnostics market.
  
• Growing patient awareness levels pertaining to
  autoimmune diseases due to the launch of national
  awareness campaigns will further fuel industry
  expansion.
• Presence of favorable government initiatives such
  as The Cooperative Study Group for Autoimmune
  Disease Prevention (CSGADP) and NIHs HLA Region
  Genetics in Immune-Mediated Diseases Consortium
  for autoimmune diseases diagnosis and treatment
  will augment industry growth.
• Advancement in technology such as lab automation
  developed to cater the need of increasing
  diagnostic procedures is another growth rendering
  driver.

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Continued...

• Lack of skilled healthcare professionals and
  experts coupled with long and complex diagnosis
  process for autoimmune disease will hamper
  business growth.
• Localized autoimmune disease diagnostics held
  higher market share in 2016 and should show a
  similar trend over the forecast years owing to
  the increasing prevalence of gastrointestinal
  autoimmune diseases.
• UK autoimmune disease diagnostics market should
  witness considerable growth over the coming
  years.
• China autoimmune disease diagnostic market should
  grow at robust rate with growing prevalence of
  autoimmune pancreatitis, improving healthcare
  infrastructure coupled with increased RD efforts
  and rising patient awareness levels.
• Some of the key industry players operating in
  global autoimmune disease diagnostics market are
  Siemens Healthcare, Roche Diagnostics, Abbott
  Laboratories, BioMerieux, EUROIMMUN and Quest
  Diagnostics.

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Germany Autoimmune Disease Market, By Product,
2013 - 2024 (USD Million)

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360 Analysis

• Product Analysis
• Localized segment accounted for largest market
  share in 2016 and will grow at an approximately
  2.1 CAGR over the forecast timeframe. Systemic
  segment will witness robust growth with CAGR of
  over 3.9. The systemic diseases are difficult to
  diagnose. However, due to the continuous research
  activities and increasing awareness levels, the
  diagnosis rates are expected to increase in the
  future.
• Regional Analysis
• U.S. accounted for largest market share in 2016
  owing to the high and steadily increasing
  prevalence of rheumatoid arthritis and systemic
  lupus erythematosus. Autoimmune diseases cause
  significant economic burden in U.S. and are one
  of the top leading cause of death in female
  children and women of all age.
• Competitive Market Share
• Some of the players in global autoimmune disease
  diagnostics market are Abbott Laboratories,
  Siemens Healthcare, Beckman Coulter Inc. and
  Quest Diagnostics. Innovative product launch and
  expansion through strategic partnership are
  foremost strategies adopted by the players to
  garner higher market share.

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