Autoimmune Disease Diagnostics Market Size

Autoimmune Disease Diagnostics Market Analysis

The Autoimmune Disease Diagnostics Market size is estimated at USD 5.21 billion in 2024, and is expected to reach USD 6.84 billion by 2029, growing at a CAGR of 5.60% during the forecast period (2024-2029).

The first wave of the COVID-19 pandemic has disrupted almost all areas of healthcare services to some extent throughout the world. The negative impact of COVID-19 on patients with autoimmune disease diagnostics has also been recognized. According to an article published in October 2021 by Autoimmunity Reviews, a decrease in the number of autoantibody tests was observed in all European countries in the year 2020 compared to 2019. All autoantibody tests saw a 13% decrease, ranging from 1.4% in Switzerland to 25.5% in the United States (Greece). The decrease was most pronounced in all countries during the first wave of the pandemic (March-May 2020), with an overall decrease of 45.2% in those three months. The decrease was less pronounced (6.8%) in the second wave of the pandemic (October-December 2020). Thus, Covid-19 has a significant impact on the growth of the market.

The factors such as the growing burden of autoimmune disease and rising awareness about the diagnosis of disease coupled with technological advancement are propelling the growth of the market.

Increasing autoimmune disorders are expected to increase the autoimmune disease diagnostics market growth. More than 2.8 million people worldwide, including about 1 million in the United States, are currently living with multiple sclerosis, according to the Atlas of Multiple Sclerosis Report from 2020. Autoimmune illnesses are becoming more prevalent, which is a problem for European nations. The Multiple Sclerosis Trust estimates that there are 2.5 million people worldwide who have multiple sclerosis, with Europe having the highest prevalence in 2020. Women experience multiple sclerosis more frequently than males. Women experience multiple sclerosis more frequently than males. Rheumatoid arthritis affects two million people, while psoriasis, one of the most prevalent autoimmune disorders, is thought to impact between 2% and 3% of the general population. One major factor driving rising usage rates is the increased understanding of autoimmune disorders as a result of programs for research, education, support, and activism.

Moreover, the growing burden of autoimmune diseases in different parts of the world coupled with rising awareness about health and diseases creates the need for the diagnostics for early detection of diseases and thus drives the growth of the market. For instance, the American Autoimmune Related Disease Association (AARDA), which is committed to the eradication of autoimmune illnesses, the reduction of pain, and the socioeconomic impact of autoimmunity, designates the month of March each year as Autoimmune Disease Awareness Month (ADAM). The American Kidney Fund (AKF) launched a new patient-focused education and awareness campaign on lupus nephritis, a kidney condition caused by lupus, in February 2021. The AKF campaign gave lupus patients much-needed information they need regarding the symptoms, diagnosis, and treatment of lupus nephritis. The advertising for AKF was created using grant funding from GlaxoSmithKline plc. Similarly, in September 2021, Scipher Medicine entered a partnership with Ventegra Inc. The collaboration will allow Ventegra to provide its customers with access to Scipher's PrismRA liquid molecular signature test, which aids in determining the most targeted medicine for rheumatoid arthritis patients (RA). Thus, the abovementioned factors are expected to increase the market growth.

Thus, owing to the abovementioned factors, the market is expected to project growth over the forecast period. However, the slow turnaround time of results and need for multiple diagnostic tests, and high cost and reimbursement issues coupled with regulatory uncertainties may hamper the growth of the market.