In a recent published report, Kenneth Research has updated the market report for Autoimmune Disease Diagnostics Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Autoimmune Disease Diagnostics Market products.
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Kenneth Research has recently added a report titled Autoimmune Disease Diagnostics Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2021 2030. Factors such as the growing advancements in the development of novel drugs, coupled with the growing health infrastructure in several nations worldwide are anticipated to drive the growth of the market in the coming years. Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth.
According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
The Autoimmune Disease Diagnostics Market report provides an in-depth analysis of the Healthcare & Pharmaceuticals during the forecast period 2017-2026 which consists of the industry overview including the market size, volume, growth rate and recent trends and developments in the market based on historical and current data. The report covers detailed information about the key players, market segments, growth drivers and restraints in the industry. The report delivers an insight into the Autoimmune Disease Diagnostics Market which allows our clients to make informed decisions regarding the growth of their businesses.The Global Autoimmune Disease Diagnostics Market Size is anticipated to reach over USD 5,054.12 Million by 2026,
according to a new research published by Polaris Market ResearchIn general, our body immune system protects the body from foreign particles such as virus and bacteria. Autoimmune diseases arise when the body immune system attacks one or more healthy cells which are operating normally the cause for this may be the irregularities of genes. The malfunctioning of a body immune system is the outcome of the failure to identify organs, tissues, immune cells, and generating autoantibodies targeting these cells.
Autoimmune Disease Diagnostics Market is predominantly driven by key factors such as the increasing occurrence of autoimmune disease. for instance, according to The National Institutes of Health (NIH) 2015, approximately 23.5 million Americans were affected by autoimmune disease. Moreover, increase in automation technologies, patient consciousness regarding rising healthcare concerns, increasing government support, increase in healthcare spending, and easy and rapid performing diagnosis test results and prevention of disease are another factors boosting the market growth.
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However, huge turnaround time for diagnostic test results, high cost associated with the diagnostics tests, and high frequency of false-positive results are some of the major factors hindering the global autoimmune diagnostics market growth. In addition, lack of awareness concerning the various diseases and diagnostic procedures are another factors affecting the market growth adversely.
The global Autoimmune Disease Diagnostics Market is segmented on the basis of type, end user, and geography. On the basis of type, the global Autoimmune Disease Diagnostics Market is segmented into Systemic autoimmune disease diagnostics and Localized autoimmune disease diagnostics. The systemic autoimmune disease diagnostics is further categorized into Rheumatoid arthritis, Ankylosing spondylitis, Systemic lupus erythematosus (SLE), and others. On the other side, the Localized autoimmune disease diagnostics is further categorized into Multiple sclerosis, Type 1 diabetes, Hashimoto’s Thyroiditis, Idiopathic thrombocytopenic purpura, and Others. In 2017, Localized disease diagnostics dominated the overall market. The dominance is majorly attributed to the existence of large process measurements and moderately higher patient awareness level in comparison to systemic diseases. On the basis of end users, the global autoimmune disease diagnostics market is segmented into Hospitals, Diagnostics Centers, and Research Laboratories.
In terms of geography, North America is estimated to dominate the global autoimmune disease diagnostics market. The dominance is majorly attributed to increasing prevalence of some of the common autoimmune diseases such as type1 diabetes and rheumatoid arthritis. The surge in funding by private and government organizations, growing regulatory scenario observed by World Health Organization (WHO), and advancement in technology are some of the other factors driving the growth of the autoimmune disease diagnostics market in North America.
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Some major key players in global Autoimmune Disease Diagnostics Market include Autoimmune Disease Diagnostics Market includes Haemonetics Corporation, Fresenius Kabi (Fenwal), Asahi Kasei Kuraray Medical Co. Ltd., Terumo BCT, Inc., HemaCare Corporation, Therakos, Inc. and B. Braun Melsungen AG among others.
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