REPORT SCOPE & OVERVIEW:
Autoimmune Disease Testing Market size was valued at USD 10.2 billion in 2022 and it is expected to be worth around USD 22.18 billion by 2030 growing at a remarkable GAGR of 10.2% over the forecast period 2023-2030.
The main factor accelerating growth is the rising prevalence of autoimmune diseases like type 1 diabetes in newborn infants, along with the demand for quick diagnoses. Due to the increased prevalence of autoimmune illnesses and the resulting increase in healthcare costs, research and diagnostics organisations around the world are launching projects in accordance with governmental organisations. These conditions are listed as one of the top ten conditions that increase the death rates of women, according to statistics from the National Institutes of Health (NIH). According to estimates, market expansion will be fuelled by the introduction of technological improvements and rising lab automation rates. Clinicians are implementing cutting-edge technology to perform many tests concurrently with faster and more accurate findings. Some of the drawbacks pushing laboratories towards automation are the lengthy turnaround times associated with the use of traditional illness diagnosis procedures and the scarcity of standardised tests for more than 80 different disease types. Furthermore, it is anticipated that the existence of beneficial government programmes will favourably influence market dynamics. The appropriate diagnosis and treatment of autoimmune diseases are aggressively promoted by groups like the North American Rheumatoid Arthritis Consortium, the Cooperative Study Group for Autoimmune Disease Prevention, and Autoimmunity Centres of Excellence.
Increased prevalence of autoimmune diseases & Technological developments in diagnostics.
Growth of the ageing population.
The demand for autoimmune disease testing is being driven by the increasing incidence and prevalence of autoimmune disorders such as rheumatoid arthritis, systemic lupus erythematosus, and multiple sclerosis. The autoimmune disease testing market is expanding as a result of technological developments in laboratory testing, such as the creation of new biomarkers and enhanced testing procedures. Increasing awareness and spotting diseases early: The demand for autoimmune disease testing is rising as people become more aware of these conditions and the value of early detection and treatment. Because autoimmune disorders are more common in older people, the global ageing population is a factor in the expansion of the autoimmune disease testing market.
Lack of uniform diagnostic standards & High costs and restricted access.
Strict regulatory standards.
Autoimmune disorders are complicated and may manifest clinically in a variety of ways. The market may be constrained by the absence of standardised diagnostic standards and the difficulties in correctly detecting autoimmune disorders. Testing for autoimmune diseases can be expensive, and access to specialised testing facilities and cutting-edge diagnostics may be restricted, which may impede market expansion strict regulatory standards: Testing for autoimmune diseases is subject to strict regulatory criteria and quality assurance standards, which makes it difficult to enter the market and maintain compliance.
Growing need for personalised medicine.
The development of tailored autoimmune disease testing procedures is made possible by developments in precision medicine and the growing emphasis on individualised treatment strategies. Growth potential for autoimmune disease testing is presented by emerging markets, where healthcare infrastructure is expanding and autoimmune disorders are becoming more common. Technological advancements: Ongoing research and development projects to enhance the sensitivity, specificity, and speed of testing for autoimmune diseases are anticipated to open up new market prospects.
Autoimmune illnesses' complexity, Reimbursement difficulties.
Diagnoses of autoimmune diseases might be difficult because of their varied and complex symptoms. It is difficult to design comprehensive testing strategies that incorporate numerous biomarkers and diagnostic modalities. Market saturation in some segments of the autoimmune disease testing market can present difficulties for new entrants due to competition. Receiving proper compensation for sophisticated testing modalities may be difficult for some market participants due to differences in reimbursement rules and coverage for autoimmune disease testing procedures.
IMPACT OF RUSSIAN UKRAINE WAR
Hospitals, laboratories, and other healthcare institutions might all be badly impacted by the fighting in the affected areas. This might affect patient access to testing services and result in a reduction in the capacity for testing autoimmune diseases. Economic instability in the region may be brought on by geopolitical tensions and the conflict's economic effects. Budget restrictions in healthcare systems can result from economic downturns, which may have an impact on investments in autoimmune disease diagnostics and associated infrastructure. The regulatory environment for medical equipment and diagnostics, especially goods for autoimmune disease testing, may be impacted by political tensions and changes in regulations brought on by the conflict. This can make it more difficult or take longer to get the required permissions or comply with regulations.
IMPACT OF ONGOING RECESSION
Economic uncertainty and financial constraints during a recession may lead people to delay or forego non-essential healthcare services, including testing for autoimmune diseases. Diagnostic laboratories and manufacturers may experience a brief drop in testing volume and revenue as a result. Healthcare priorities may change during a recession to focus on urgent care and immediate health issues. This can result in less focus being placed on diagnostic testing for autoimmune illnesses and other chronic conditions. As a result, the market for evaluating autoimmune diseases may experience a pause in growth. Effect on insurance and reimbursement Economic downturns can have an impact on the insurance and reimbursement procedures for medical services, including diagnostic testing. Accessibility may be impacted by modifications to the eligibility requirements or decreases in reimbursement rates.
KEY MARKET SEGMENTS
Systemic autoimmune disease diagnostics
Systemic Lupus Erythematosus (SLE)
Localized autoimmune disease diagnostics
Type 1 diabetes
Idiopathic thrombocytopenic purpura
By End User
Other End users
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of the Middle East & Africa
Rest of Latin American
The Affordable Care Act, the existence of favourable laws and activities conducted by the AARDA, and high disease prevalence in the region all contributed to North America holding the greatest market share of almost 40.0% in 2015.
Nearly 50 million Americans suffer from an autoimmune condition, according to AARDA. A high prevalence of chronic ailments and rising healthcare costs have prompted the government and other business-friendly organisations to introduce beneficial measures. Through early disease diagnosis and increased patient awareness, these programmes seek to reduce healthcare spending.
Due to the region's high levels of unmet patient requirements, rising patient awareness levels, and continuously improving healthcare infrastructure, the Asia Pacific region is predicted to experience profitable growth. During the timeframe of the forecast, an increase in revenue share is anticipated. It is expected that its market share will increase from 21.0% in 2015 to over 22.0% in 2025.
The major key players are Abbott, Trinity Biotech, BIOMÉRIEUX, Bio-Rad Laboratories, Inc., Thermo Fisher Scientific Inc., Hoffmann-La Roche Ltd, EUROIMMUN Medizinische Labordiagnostika AG, Siemens Healthcare GmbH, Danaher Corporation, Grifols, S.A., Oncimmune, HYCOR Biomedical Corporation and others.
Trinity Biotech-Company Financial Analysis
Thermo Fisher Scientific:
The Phadia2500+ device is now accessible in the United States, according to a May 2022 announcement from Thermo Fisher Scientific. This makes autoimmune testing possible. Diagnoses for autoimmune diseases such as celiac disease, rheumatoid arthritis, autoimmune liver disease, and autoimmune thyroid disease can be made using this device. Increased customer base, revenue, and customer happiness were the outcomes of this strategic launch.
KSL Beutner Laboratories:
KSL Beutner Laboratories introduced a blood test in August 2022 to look for an antigen that may be connected to the autoimmune blistering condition known as mucous membrane pemphigoid. The oral cavity may develop painful sores as a result of this illness.
|Market Size in 2022||US$ 10.2 Bn|
|Market Size by 2030||US$ 22.18 Bn|
|CAGR||CAGR of 10.2% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Type (Systemic autoimmune disease diagnostics, Localized autoimmune disease diagnostics)
• By End User (Clinical laboratories, Hospitals, Other End users)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Abbott, Trinity Biotech, BIOMÉRIEUX, Bio-Rad Laboratories, Inc., Thermo Fisher Scientific Inc., Hoffmann-La Roche Ltd, EUROIMMUN Medizinische Labordiagnostika AG, Siemens Healthcare GmbH, Danaher Corporation, Grifols, S.A., Oncimmune, HYCOR Biomedical Corporation|
|Key Drivers||• Increased prevalence of autoimmune diseases & Technological developments in diagnostics.
• Growth of the ageing population.
|Market Opportunities||• Growing need for personalized medicine.
• Technological advancements.
Ans: The CAGR Growth rate of Autoimmune Disease Testing Market is approx. CAGR 10.2% for the forecast period of 2023-2030.
Ans: The projected market size of Autoimmune Disease Testing Market USD 10.2 billion in 2022 and it is expected to be worth around USD 11.69 billion by 2030.
Ans: The major key players are Abbott, Trinity Biotech, BIOMÉRIEUX, Bio-Rad Laboratories, Inc., Thermo Fisher Scientific Inc., Hoffmann-La Roche Ltd, EUROIMMUN Medizinische Labordiagnostika AG, Siemens Healthcare GmbH, Danaher Corporation, Grifols, S.A., Oncimmune, HYCOR Biomedical Corporation and others.
Ans: A significant patient population base and an increase in the usage of technologically improved diagnostic testing are some of the reasons anticipated to propel the acceptance of these products.
Ans: In 2021, North America led the market.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 Impact of the Ukraine- Russia war
4.2 Impact of ongoing Recession
4.2.2 Impact on major economies
126.96.36.199 United Kingdom
188.8.131.52 South Korea
184.108.40.206 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Autoimmune Disease Testing Market, By Type
8.1 Systemic autoimmune disease diagnostics
8.2 Localized autoimmune disease diagnostics
9. Autoimmune Disease Testing Market, By End-Users
9.1 Clinical laboratories
9.3 Other End users
10. Regional Analysis
10.2 North America
10.2.1 North America Autoimmune Disease Testing Market, by country
10.2.2North America Autoimmune Disease Testing MarketBy Type
10.2.3 North America Autoimmune Disease Testing Market By End-User
10.2.4.1 USA Autoimmune Disease Testing MarketBy Type
10.2.4.2 USA Autoimmune Disease Testing Market By End-User
10.2.7.1 Canada Autoimmune Disease Testing MarketBy Type
10.2.7.2 Canada Autoimmune Disease Testing Market By End-User
10.2.8.1 Mexico Autoimmune Disease Testing Market By Type
10.2.8.2 Mexico Autoimmune Disease Testing Market By End-User
10.3.1 Europe Autoimmune Disease Testing Market by country
220.127.116.11 Europe Autoimmune Disease Testing Market By Type
10.3.3 Europe Autoimmune Disease Testing Market By End-User
10.3.6.1 Germany Autoimmune Disease Testing MarketBy Type
10.3.6.2 Germany Autoimmune Disease Testing Market By End-User
10.3.7.1 UK Autoimmune Disease Testing MarketBy Type
10.3.7.2 UK Autoimmune Disease Testing Market By End-User
10.3.8.1 France Autoimmune Disease Testing MarketBy Type
10.3.8.2 France Autoimmune Disease Testing Market By End-User
10.3.9.1 Italy Autoimmune Disease Testing MarketBy Type
10.3.9.2 Italy Autoimmune Disease Testing Market By End-User
10.3.10.1 Spain Autoimmune Disease Testing MarketBy Type
10.3.10.2 Spain Autoimmune Disease Testing Market By End-User
10.3.11 The Netherlands
10.3.11.1 Netherlands Autoimmune Disease Testing MarketBy Type
10.3.11.2 Netherlands Autoimmune Disease Testing Market By End-User
10.3.12 Rest of Europe
10.3.12.1 Rest of Europe Autoimmune Disease Testing MarketBy Type
10.3.12.2 Rest of Europe Autoimmune Disease Testing Market By End-User
10.4.1 Asia Pacific Autoimmune Disease Testing Market by country
10.4.2 Asia Pacific Autoimmune Disease Testing MarketBy Type
10.4.3 Asia Pacific Autoimmune Disease Testing Market By End-User
10.4.6.1 Japan Autoimmune Disease Testing MarketBy Type
10.4.6.2 Japan Autoimmune Disease Testing Market By End-User
10.4.7 South Korea
10.4.7.1 South Korea Autoimmune Disease Testing MarketBy Type
10.4.7.2 South Korea Autoimmune Disease Testing Market By End-User
10.4.8.1 China Autoimmune Disease Testing MarketBy Type
10.4.8.2 China Autoimmune Disease Testing Market By End-User
10.4.9.1 India Autoimmune Disease Testing MarketBy Type
10.4.9.2 India Autoimmune Disease Testing Market By End-User
10.4.10.1 Australia Autoimmune Disease Testing MarketBy Type
10.4.10.2 Australia Autoimmune Disease Testing Market By End-User
10.4.11 Rest of Asia-Pacific
10.4.11.1 APAC Autoimmune Disease Testing MarketBy Type
10.4.11.2 APAC Autoimmune Disease Testing Market By End-User
10.5 The Middle East & Africa
10.5.1 The Middle East & Africa Autoimmune Disease Testing Market by country
10.5.2 The Middle East & Africa Autoimmune Disease Testing MarketBy Type
10.5.3 The Middle East & Africa Autoimmune Disease Testing Market By End-User
10.5.6.1 Israel Autoimmune Disease Testing MarketBy Type
10.5.6.2 Israel Autoimmune Disease Testing Market By End-User
10.5.7.1 UAE Autoimmune Disease Testing MarketBy Type
10.5.7.2 UAE Autoimmune Disease Testing Market By End-User
10.5.8 South Africa
10.5.8.1 South Africa Autoimmune Disease Testing MarketBy Type
10.5.8.2 South Africa Autoimmune Disease Testing Market By End-User
10.5.9 Rest of Middle East & Africa
10.5.9.1 Rest of Middle East & Asia Autoimmune Disease Testing MarketBy Type
10.5.9.2 Rest of Middle East & Asia Autoimmune Disease Testing Market By End-User
10.6 Latin America
10.6.1 Latin America Autoimmune Disease Testing Market by country
10.6.2 Latin America Autoimmune Disease Testing MarketBy Type
10.6.3 Latin America Autoimmune Disease Testing Market By End-User
10.6.6.1 Brazil Autoimmune Disease Testing MarketBy Type
10.6.6.2 Brazil Africa Autoimmune Disease Testing Market By End-User
10.6.7.1 Argentina Autoimmune Disease Testing MarketBy Type
10.6.7.2 Argentina Autoimmune Disease Testing Market By End-User
10.6.8 Rest of Latin America
10.6.8.1 Rest of Latin America Autoimmune Disease Testing MarketBy Type
10.6.8.2 Rest of Latin America Autoimmune Disease Testing Market By End-User
12 Company profile
12.1.1 Market Overview
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Trinity Biotech
12.2.1 Market Overview
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3.1 Market Overview
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Bio-Rad Laboratories, Inc.,
12.4.1 Market Overview
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Thermo Fisher Scientific Inc.,
12.5.1 Market Overview
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Hoffmann-La Roche Ltd.
12.6.1 Market Overview
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Siemens Healthcare GmbH.
12.7.1 Market Overview
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Danaher Corporation.
12.8.1 Market Overview
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9.1 Market Overview
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 HYCOR Biomedical Corporation.
12.10.1 Market Overview
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
14. Use Case and Best Practices
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Defibrillator Market size was estimated USD 6.9 billion in 2022 and is expected to reach USD 12.8 billion by 2030 at a CAGR of 8.1% during the forecast period of 2023-2030.
The Hyperphosphatemia Treatment Market size was valued at USD 2.58 Bn in 2022 and is expected to reach USD 3.84 Bn by 2030 with a CAGR of 5.1% over the forecast period of 2023-2030.
The Biotechnology Reagents & Kits Market size was estimated USD 596.3 billion in 2022 and is expected to reach USD 1374.1 billion by 2030 at a CAGR of 11.0% during the forecast period of 2023-2030.
The Home Healthcare Software - Product & Service Market Size was valued at USD 10.69 billion in 2022, and expected to reach USD 30.08 billion by 2030, and grow at a CAGR of 13.8% over the forecast period 2023-2030.
The Continuous Glucose Monitoring Market size was valued at USD 7.6 Bn in 2022 and is expected to reach USD 10.56 Bn by 2030 and grow at a CAGR of 4.2% over the forecast period of 2023-2030.
The Cleanroom Technologies Market Size was valued at USD 4.62 billion in 2022 and is expected to reach USD 7.12 billion by 2030 and grow at a CAGR of 5.5% over the forecast period 2023-2030.
Hi! Click one of our member below to chat on Phone