Market Trends of Autoimmune Disease Diagnostics Industry
This section covers the major market trends shaping the Autoimmune Disease Diagnostics Market according to our research experts:
Rheumatoid Arthritis Segment is Expected to Hold a Major Market Share in the Autoimmune Disease Diagnostics Market
Rheumatoid arthritis (RA) is an autoimmune disease that mainly attacks the synovial tissues within the joints. The disease predominantly affects elderly patients. The aging population and technological advancements are also major factors driving the growth of the segment.
Rheumatoid arthritis can be diagnosed using the ESR test, C-reactive protein test, rheumatoid factor test, cyclic citrullinated peptide (CCP) antibodies, antinuclear antibodies (ANA) test, and other imaging.
Rheumatoid arthritis is a common disease diagnosed in the elderly population, with the rise in the burden of the geriatric population risk of rheumatoid arthritis increases and thus drives the growth of the market. For instance, According to the World Population prospect, 2022, Globally, in 2022, there were 771 million people aged 65 years or over and is projected to reach 994 million by 2030 and 1.6 billion by 2050.
The launch of new products by the market players is contributing to the growth of the market. For instance, in June 2022, PEPperPrint GmbH introduce a novel biomarker set for the early diagnosis of rheumatoid arthritis (RA) at the 13th International Congress on Autoimmunity held in Athens, Greece. Such innovation for the early diagnosis of the disease is expected to propel the growth of the market.
Thus, owing to the abovementioned factors, the market segment is expected to project considerable growth over the forecast period.
Asia-Pacific is the Fastest Growing Region in the Autoimmune Disease Diagnostics Market
Asia-Pacific is anticipated to exhibit extensive market growth over the forecast period, owing to the rising burden of autoimmune diseases and awareness of their diagnosis. Additionally, the strategic initiatives taken by the market players, increasing research, and developing healthcare infrastructure are also contributing to the growth of the market.
According to an article published by Janssen Asia Pacific, a division of Johnson & Johnson Pte. Ltd., in June 2022, autoimmune, inflammatory, and pulmonary diseases, such as rheumatoid arthritis, psoriasis, and inflammatory bowel disease, are on the rise in the Asia Pacific. The region already has the world's highest burden of chronic obstructive pulmonary disease (COPD), as well as the highest prevalence of systemic lupus erythematosus (SLE) in China and Southeast Asia. Hence, this will likely create demand for diagnostics in the coming years.
Furthermore, according to the International Diabetes Federation, Diabetes Altas, 2021 Edition, in Australia, there are 14,900 people aged 0-19 years living with Type 1 diabetes in 2021, and the incidence of type 1 diabetes was 1,500 in 2021. Such a high burden of disease creates the need for the proper diagnosis and treatment and thus drives the growth of the market.
The strategic initiatives taken by the market players are also contributing to the growth of the market. For instance, in June 2022, Avesthagen Limited entered into a four-year strategic alliance with Wipro Limited for commercializing its genetic testing portfolio in India. The portfolio includes genome panels offering highly specific, disease-centric analysis for conditions including cancers, neurodegenerative diseases, autoimmune disorders, and rare disease conditions. Such a partnership is expected to boost the growth of the market.
Thus, owing to the abovementioned factors, the studied market is expected to project growth in the Asia-Pacific region.
