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Autoimmune Disease Diagnostics Market Witnessing An Upswing With USD 5.0 Billion By 2025: Grand View Research Inc.

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Autoimmune Disease Diagnostics Market Witnessing An Upswing With USD 5.0 Billion By 2025: Grand View Research Inc.

May 06
17:32 2019
Autoimmune Disease Diagnostics Market Witnessing An Upswing With USD 5.0 Billion By 2025: Grand View Research Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, Increasing prevalence of autoimmune disorders such as type 1 diabetes in newborn babies coupled with demand for rapid diagnostics is the key driver accentuating growth of Autoimmune Disease Diagnostics Market over forecast period.

According to a report, ” Autoimmune Disease Diagnostics Market Size & Forecast By Type (Systemic Autoimmune Disease Diagnostics, Localized Autoimmune Disease Diagnostics Disease Diagnostics), By Region, And Trend Analysis From 2018 To 2025 “, published by Grand View Research, Inc., The global autoimmune disease diagnostics market is expected to reach a value of USD 5.0 billion by 2025.Government organizations along with related associations strive to curb such high healthcare costs and simultaneously provide improved diagnostic and therapeutic solutions to the patients. This has resulted in increased funding by the NIH for R&D programs related to autoimmune diseases.

Key Takeaways from the report:

  • Localized autoimmune disease diagnostics was the largest segment in 2015 owing to high usage for type 1 diabetes and idiopathic thrombocytopenic purpura

  • Type 1 diabetes is estimated to grow at a significant growth rate of over 4.0% in localized disease type segment

  • Systemic disease diagnostics is anticipated to witness lucrative CAGR of around 5.0% over the forecast period due to increasing R&D for the development of novel diagnostic biomarkers for the treatment of rheumatoid arthritis and systemic lupus erythematosus

  • Rheumatoid arthritis is one of the most recurring autoimmune disorders further demanding high amount of rapid diagnostics for exploring better alternative treatments

  • North America was the largest regional market in 2015. High market penetration rate of technologically advanced products and increased lab automation rate are some of the factors contributing to its large share

  • Asia Pacific region is anticipated to grow at the fastest CAGR of above 4.0% over the forecast period owing to increasing focus on type 1 diabetes diagnosis

  • Some of the key players of this market include F. Hoffmann-La Roche Ltd; Siemens Healthineers; Abbott Laboratories; Beckman Coulter, Inc.; SQI Diagnostics; Quest Diagnostics; EUROIMMUN AG; AESKU. Diagnostics; Inova Diagnostics, Inc.; Crescendo Bioscience, Inc.; bioMerieux SA; Bio-Rad Laboratories, Inc.; and Hemagen Diagnostics, Inc.

U.S. autoimmune disease diagnostics market, by type, 2013-2025 (USD Billion)

U.S. autoimmune disease diagnostics market, by type, 2013-2025 (USD Billion)

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Global systemic autoimmune disease diagnostics market, by type, 2015

Global systemic autoimmune disease diagnostics market, by type, 2015

Moreover, presence of favorable government initiatives aimed at curbing incidence of these diseases and developing viable diagnostic & treatment options is expected to drive market growth over the forecast period.

Growing volume of autoimmune diagnostic procedures has heightened the need for instruments and facilities rendering faster and effective results. In an attempt to cater to ever-increasing procedure volumes, diagnostic laboratories are rapidly moving toward automation. Lab automation helps decrease workload via rapid turnaround times and helps generate standardized & reproducible results.

Grand View Research has segmented the autoimmune disease diagnostics market by type and region:

Autoimmune Disease Diagnostics Type Outlook (Revenue, USD Million, 2014 – 2025)

  • Systemic autoimmune disease diagnostics

    • Rheumatoid arthritis

    • Ankylosing spondylitis

    • Systemic lupus erythematosus (SLE)

    • Others

  • Localized autoimmune disease diagnostics

    • Multiple sclerosis

    • Type 1 diabetes

    • Hashimoto’s Thyroiditis

    • Idiopathic thrombocytopenic purpura

    • Others

Autoimmune Disease Diagnostics Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • UK

  • Asia Pacific

    • China

    • Japan

    • India

  • Latin America

    • Mexico

    • Brazil

  • MEA

    • South Africa

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: United States
Website: www.grandviewresearch.com/industry-analysis/autoimmune-disease-diagnostics-industry

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