Market Size of Rheumatoid Arthritis Diagnostic Tests Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.10 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Rheumatoid Arthritis Diagnostic Tests Market Analysis
The rheumatoid arthritis diagnosis tests market is expected to register a CAGR of 5.1% over the forecast period.
The COVID-19 pandemic had a significant impact on the rheumatoid arthritis diagnostic test market owing to the cancellations of elective diagnostic procedures during the early period of the pandemic. For instance, according to an article published in November 2022, a study conducted by Kings College London observed that the number of patients receiving their rheumatoid arthritis diagnosis fell by 20% in the first year of the COVID-19 pandemic. COVID-19 was also reported to be associated with developing rheumatoid arthritis (RA) in some patients. However, the upliftment of diagnostic test restrictions and rising research studies regarding the impact of COVID-19 on RA have helped in the recovery of market growth in the last two years. The impact of new variants of COVID-19 on the rheumatoid arthritis diagnostic test is negligible in the current scenario. The market is expected to grow stable during the forecast period.
The studied market is driven by the increasing prevalence of rheumatoid arthritis, favorable health reimbursement, and increased awareness. For instance, an article published in the Journal of Translational Autoimmunity in January 2022 mentioned that the measurement of rheumatoid factor (RF) and anti-citrullinated protein antibodies (ACPA) in serum supports the diagnosis of RA, which has gained significance over time. Therefore, the use of diagnostic tests is expected to increase during the forecast period.
Furthermore, strategic initiatives adopted by market players, such as launches, approvals, partnerships, and acquisitions to expand the RA diagnostic test offerings, significantly contribute to the market growth. For instance, in September 2021, Laboratory Corporation (LabCorp LH), United States, acquired Myriad Genetics' MYGN autoimmune business unit, including the Vectra rheumatoid arthritis (RA) assay. Vectra is a blood-based, non-invasive test to assess the severity of rheumatoid arthritis disease and the effectiveness of existing treatments. It can also predict the chance of joint deterioration in the future. Such acquisitions are expected to strengthen the company's RA diagnostic test market position and propel the market growth during the forecast period.
Therefore, owing to the aforementioned factors, such as the high burden of RA and acquisitions to expand the diagnostic test offerings for RA, the studied market is anticipated to witness growth over the analysis period. However, the non-reliance on rheumatoid arthritis testing measures restrains the market growth.
