According to Transparency Market Research’s latest report on the global autoimmune disease diagnostics market for the historical period 2017–2018 and forecast period 2019–2027, high prevalence of autoimmune diseases across the world, Increased health care expenditure globally, Growing awareness among people about autoimmune diseases are projected to drive the global autoimmune disease diagnostics market during the forecast period
Wilmington, Delaware, United States, Transparency Market Research Inc.: According to Transparency Market Research’s latest report on the global autoimmune disease diagnostics market for the historical period 2017–2018 and forecast period 2019–2027, high prevalence of autoimmune diseases across the world, Increased health care expenditure globally, Growing awareness among people about autoimmune diseases are projected to drive the global autoimmune disease diagnostics market during the forecast period
According to the report, the global autoimmune disease diagnostics market was valued at US$ 14.4 Bn in 2018 and is anticipated to expand at a CAGR of 3.8% from 2019 to 2027
High Prevalence of Autoimmune Diseases across the World and Increased Health Care Expenditure Globally: Key Drivers
Rise in the prevalence of autoimmune diseases directly affects the growth and development of the autoimmune disease dia qgnostics market. The market is estimated to grow at a high rate due to rising incidence of diseases such as systemic lupus erythematosus, rheumatoid arthritis, Hashimoto’s thyroiditis, Graves’ disease, and type 1 diabetes.
Request Sample of Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=5351
According to the National Institutes of Health, up to 23.5 million Americans (more than seven percent of the population) suffer from an autoimmune disease - and the prevalence is rising. The rising prevalence of autoimmune diseases is likely to fuel the growth of the autoimmune disease diagnostics market. Therefore, consistent increase in the autoimmune patient population across the world has been identified as one of the major factors driving the autoimmune disease diagnostics market.
Technological advancements in diagnostic techniques for autoimmune diseases have helped extend the life expectancy of people and led to increased cost of treatment. Governments across the world are increasing their spending to provide better health care services. For instance, an analysis based on preliminary government data by the Centers for Medicare & Medicaid Services revealed that health care spending in the U.S. increased by 5% in 2014 as compared to 3.6% in 2013. Apart from developed countries, health care spending is also rising in developing parts of the world such as India and China. These countries are focusing on providing better health care services to a large population base.
Request for Report Methodology – https://www.transparencymarketresearch.com/sample/sample.php?flag=RRM&rep_id=5351
Growing Awareness among People about Autoimmune Diseases Boost Market Growth
Increasing awareness and knowledge about autoimmune diseases among patients and care-givers would significantly contribute to the growth of the autoimmune disease diagnostics market
AARDA initiated the formation of the Center for Autoimmune Disease Research at Johns Hopkins University Medical Center and the NIH established Centers of Excellence in autoimmune diseases. AARDA also sponsors various programs and workshops aimed at bringing together researchers from different disciplines involved in autoimmune research. These factors are likely to fuel the growth of the market.
Rising awareness among people and increasing government initiatives are the major factors driving the autoimmune disease diagnostics market
Ask for References - https://www.transparencymarketresearch.com/sample/sample.php?flag=ARF&rep_id=5351
Competitive Pricing and Equipment Costs to Hamper Market
The autoimmune disease diagnostics market is characterized by intense competition from local manufacturers that offer products at low cost. This is expected to hamper market growth as competition could lead to fall in prices of the products.
Moreover, with continuous technological developments in the autoimmune disease diagnostics market with respect to accuracy and efficiency, manufacturers are expected to provide up-to-date solutions to the customers. Customers are in fact hesitant to opt for cost-intensive upgrade procedures as they need to invest more capital for technologically advanced procedures and products.
Therefore, intense competition among players leading to low cost of products and procedures would hamper the growth of the autoimmune disease diagnostics market during the forecast period from 2019 to 2027
Make an Enquiry Before Buying - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=5351
Global Autoimmune Disease Diagnostics Market: Competitive Landscape
This report profiles major players in the global autoimmune disease diagnostics market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
The global autoimmune disease diagnostics market is highly fragmented, with the presence of a number of international as well as regional players
Leading players operating in the global autoimmune disease diagnostics market are
- Abbott Laboratories, Inc.
- Beckman Coulter, Inc.
- bioMérieux SA
- Bio-Rad Laboratories
- F. Hoffmann-La, Roche Ltd.
- Inova Diagnostics, Inc.
- Quest Diagnostics
- SQI Diagnostics, Inc.
- Siemens Healthcare among others
More Trending Reports by Transparency Market Research –
Medical Education Market: The global medical education market was valued at US$ 32 Bn in 2019 and is anticipated to expand at a CAGR of ~5% from 2020 to 2030.
Stool Secretory Immunoglobulin A Market: The global stool secretory immunoglobulin A (SIgA) market is on course to reach US$ 38 Mn by the end of 2030.
Prosthetic Disc Nucleus Market: The global prosthetic disc nucleus market is on course to reach ~US$ 195 Mn by the end of 2030.
Telemedicine Market: The telemedicine market was valued at US$ 27.51 Bn in 2018 and is anticipated to expand at a CAGR of 14% from 2019 to 2027.
Clinical Laboratory Services Market: The global clinical laboratory services market was valued at US$ 232.6 Bn in 2018 and is anticipated to expand at a CAGR of 6.3% from 2019 to 2027.
Nasopharyngeal Swabs Market: The global nasopharyngeal swabs market is expected to expand at a sluggish CAGR of ~2% during the forecast period.
Blood Purification Equipment Market: The global blood purification equipment market is expected to expand at a healthy CAGR of 7.5% during the forecast period.
Epileptic Seizures Treatment Market: The global epileptic seizures treatment market is on course to surpass the US$ 1.8 Bn mark by the end of 2030.
About Us
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ
Contact
Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com