The global autoimmune disease diagnostics market was valued at USD 1.3 billion in 2021 and it is anticipated to grow up to USD 3.1 billion by 2031, at a CAGR of 9.2% during the forecast period.
New York, According to a new market research report published by Global Insight Services “Autoimmune Disease Diagnostics Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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Autoimmune disease diagnostics is a branch of medicine that deals with the diagnosis and treatment of autoimmune diseases. Autoimmune diseases are conditions in which the body’s immune system attacks healthy tissue, mistaking it for foreign invaders. Common symptoms of autoimmune diseases include fatigue, joint pain, muscle pain, and skin rashes. There is no cure for autoimmune diseases, but early diagnosis and treatment can help to manage the symptoms and prevent the disease from progressing.
Market Trends and Drivers
Substantial surge in the number of patients affected with autoimmune diseases is amongst the major factors propelling the market growth in the foreseeable future. Type 1 diabetes, rheumatoid arthritis, psoriatic arthritis, inflammatory bowel disease among others are some of the most common diseases that require autoimmune diagnostics and treatment. Type 1 diabetes is a chronic ailment that is generally caused when the immune system attacks and destroys insulin-producing cells in the pancreas. This results in high blood sugar level and if left untreated may lead to multiple organ failure including heart, kidneys, nerves, etc. For instance, according to the reports published by the International Diabetes Federation, in 2021, over 1.2 million children and adolescents below the age of 19 years are infected with type 1 diabetes and the numbers are growing at a steady pace. Moreover, according to the America Diabetes Association, in 2019 over 1.9 million Americans were suffering from Type 1 diabetes. The increasing prevalence of such disease promotes significant health consequences and co-morbidities that also results in substantial mortality.
Market Restraints and Challenges
The key restraints and challenges in the Autoimmune Disease Diagnostics market are the lack of awareness about autoimmune diseases and the lack of early diagnosis. Autoimmune diseases are often misdiagnosed or undiagnosed due to the lack of awareness and the lack of early diagnosis. Early diagnosis is important for the treatment of autoimmune diseases. The lack of early diagnosis leads to the progression of the disease and the development of complications.
Major Players in the Global Autoimmune Disease Diagnostics Market
The key players in the autoimmune disease diagnostics market are Abbott Laboratories, Bio-rad Laboratories, F. Hoffmann-la Roche, Thermo Fisher Scientific, EUROIMMUN Medizinische Labordiagnostika AG (Perkin Elmer), Siemens Healthineers Inc, Quest Diagnostics, SQI Diagnostics Inc., Trinity Biotech Plc., and Hemagen Diagnostics, among others.
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Reasons to buy Autoimmune Disease Diagnostics Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
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• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
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• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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