Autoimmune Disease Diagnostics Market Analysis, Growth And Forecasts To 2020: Hexa Research
The rising prevalence of autoimmune diseases and consequent increase in healthcare expenditure globally are the major factors driving the autoimmune disease diagnostics market. Moreover, the favorable government initiatives in various countries are also a factor leading to the growth of global autoimmune disease diagnostics market. As stated by NIH, autoimmune disease is one of the top ten causes of women deaths. The rapidly rising demand for autoimmune disease diagnosis is a direct consequence of increasing incidences of autoimmune diseases all over the world. Various laboratories have moved toward installation of equipments which are able to conduct various tests simultaneously and provide fast results. The slow turnaround time of conventional autoimmune disease diagnostic procedures has encouraged various laboratories to move towards automation. The active awareness campaigns aimed to increase the awareness level regarding the diagnostics of diseases is the factor expected to further fuel the global autoimmune disease diagnostics market over the forecast period.
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The autoimmune disease diagnostics market on the basis of product is segmented into localized and systemic disease diagnostics. As of 2013, the local disease diagnostics attributed the largest share in the market owing to the relatively higher patient awareness level and the presence of huge procedure volumes. In localized autoimmune disease segment, there are huge unmet needs of the patients for various diseases such as type 1 diabetes. This factor is expected to drive the localized autoimmune disease diagnostics market over the forecast period.
The global autoimmune disease diagnostics market on the basis of regions is segmented into North America, Europe, Asia Pacific and RoW. As of 2013, North America covered the largest share in the autoimmune disease diagnostics market in terms of revenue. The existence of favorable government initiatives such as Patient protection Act and Affordable Care Act and enlightened healthcare infrastructure are some other factors driving the market in this region. According to NIH, North America is accounted for the largest annual expenditure in autoimmune disease diagnostics market.
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