The global market size for autoimmune disease diagnosis is projected to grow to USD 8.3 billion by 2030 from USD 4.1 billion in 2020, at a CAGR of 8.9%. This industry is experiencing substantial growth due to the high incidence of autoimmune diseases, increased awareness about autoimmune diseases, and growth in autoimmune disease research.
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Global Autoimmune Disease Diagnosis Market: Key Players
Global Autoimmune Disease Diagnosis Market: Segments
Consumables & Assay Kits segment to dominate the demand for autoimmune diagnostics in 2019
The autoimmune disease diagnostics industry is segmented into consumables & assay kits and tools depending on the drug. During the forecast period, the Consumables & Assay Kits segment is projected to rise at the fastest growth rate. This is mainly due to the growing occurrence of autoimmune diseases and the rising number of launches/approvals for the drug.
Segment of routine laboratory tests to dominate autoimmune diagnostics market in 2019
The autoimmune disease diagnostic industry is segmented into standard laboratory tests, inflammatory markers, autoantibodies & immunological tests, and other tests, depending on the test form. The segment of routine laboratory tests is estimated to record the highest CAGR over the period of forecast. This can be attributed primarily to the increasing prevalence of autoimmune diseases coupled with advanced national health-care infrastructure.
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Global Autoimmune Disease Diagnosis Market: Drivers and Restraints
Drivers
Growing Awareness and prevalence of the disease
Factors contributing to the growth of the worldwide autoimmune disease therapy market include increasing autoimmune disease prevalence coupled with increasing patient awareness and increasing laboratory automation leading to the simultaneous diagnosis of multiple diagnostic tests leading to rapid and error-free results. Growing patient awareness of these diseases should drive market growth.
Advancements in healthcare technology and infrastructure
Technological advances such as the development of novel biomarkers such as Enbrel and Humira, and portable diagnostic point of care equipment, and growing demand for laboratory automation are anticipated to fuel growth over the forecast period of 2020-2030. Due to continually evolving healthcare infrastructure and an increase in healthcare spending, there is a spur in the sector.
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Restraints
Non-penetration to the remote areas of underdeveloped countries
Underdeveloped countries and remote areas do not have the knowledge and awareness about autoimmune diseases and their symptoms which would, in turn, minimize their use in the underdeveloped and lower-income countries. Inadequate funding in developing countries, high costs involved in the treatment of the disease, and non-availability of the treatment in developing countries are the main restraints for the global autoimmune disease therapeutics market.
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