APAC to Dominate Autoimmune Disease Diagnostics Market During Forecast Period
Increase in research activities
and rising incidence of autoimmune diseases coupled with surging demand for
quick results to drive the growth of global autoimmune disease diagnostics
market
According
to TechSci Research report, “Global Autoimmune
Disease Diagnostics Market, By Type, By Sex, By Age, By Factors, By Diagnosis,
By Types of Treatment, By Product, By End-User, By Region, Competition,
Forecast & Opportunities, 2025”, global
autoimmune disease diagnostics market is expected to grow an impressive CAGR
over the forecast period. Increase in research and development activities for
the development of ideal therapeutics
is one of the major factor accounting for the growth of global
autoimmune disease diagnostics market. Moreover, growing access to medical
insurance all around the globe is further expected to bode well for the growth
of global autoimmune disease diagnostics through the forecast period. In
addition to this, advanced analyzers are being used for the diagnosis which in turn
is positively influencing the growth of global autoimmune disease diagnostics
market in the years to come. Also, the techniques used for autoimmune disease
diagnosis process provides easy, rapid, and efficient processing which is expected
to make headway for the growth of global autoimmune disease diagnostics market over
the coming years. Additionally, growing awareness regarding autoimmune diseases
worldwide through various ways like conducting programs of research, education,
support, and advocacy, thereby anticipated to boost the market growth in forecast
years. However, there are certain factors that can act as major impediments to
the growth of global autoimmune disease diagnostics market through 2025 such as
high cost of advanced therapeutics.
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Global
autoimmune disease diagnostics market can be segmented based on type, sex, age, factors, diagnosis, types
of treatment, product, end-user,
company and region. Considering the end-user, the market is
fragmented into hospital, clinics, diagnostic laboratories and others. The clinics
segment dominated the global autoimmune disease diagnostics market in terms of
largest market size until 2019 and is further anticipated to lead the market
during the forecast period as well which can be accredited to ease of availability
of diagnosis and treatment instruments in clinical laboratories in very short duration
of time. In terms of types of treatment, the market is fragmented into nonsteroidal
anti-inflammatory drugs (NSAIDS), immune-suppressing drugs, hormone replacement
therapy, physical therapy, blood transfusion, plasma exchange and others. Out
of which, the nonsteroidal anti-inflammatory drugs, immune-suppressing drugs
segment is projected to grow at a high pace during the forecast period which
can be accredited to fact that almost all the autoimmune diseases are chronic
in nature and have no permanent cure.
Siemens,
Abbott, Bio-Rad Laboratories, Pfizer, Johnson and Johnson, Grifols, Trinity
Biotech, Thermo Fisher Scientific, Inova Diagnostics, Hycor Biomedical,
Euroimmun, Protagen, Roche, Quest Diagnostics, Hemagen Diagnostics, Aesku
Diagnostics, Sanofi, Sun Pharmaceutical Industries Ltd., Eli Lilly, Bayer are among others
are the leading players operating in global autoimmune disease diagnostics market.
The leading players are adopting several growth
strategies to enhance the market for autoimmune disease diagnostics. Other
competitive strategies include mergers & acquisitions to diverse their
product portfolio in order to strengthen their market position.
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“Asia-Pacific is
forecasted to dominate the global autoimmune disease diagnostics market in the
next 5 years on account of presence of large patient base which is suffering
from numerous autoimmune disorders in the region. Moreover, high disposable
income coupled with early detection of diseases is also contribute to the
growing trend. Furthermore, North America is forecast to register high growth
through 2025 due to surge in incidence of diseases along with rising technological
advancements in autoimmune disease diagnosis. Furthermore, High prevalence of
rheumatoid arthritis is further boosting the market growth in Asia-Pacific
region over the coming years.”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Global Autoimmune Disease Diagnostics Market By Type,
By Sex, By Age, By Factors, By Diagnosis, By Types of Treatment, By Product, By
End-User, By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of global autoimmune
disease diagnostics market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in global autoimmune
disease diagnostics market.
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