Autoimmune Disease Treatment Market Overview
Market
Research Future (MRFR)’s latest assessment reveals that the global autoimmune disease
treatment market share is expected to thrive at Steady CAGR during the forecast
period. The market signifies massive unmet needs for diagnosis. It is projected
to favor the expansion of the global market by bringing advanced, precise and
effective drugs and treatments.
Definite
causes for the development of autoimmune diseases have not been
identified. Thus, the emphasis is on the early diagnosis of the
disease. Increasing awareness coupled with large-scale prevalence is likely to
aid the proliferation of the Autoimmune Disease Treatment Market in the
foreseeable future.
Expenditures
for the treatment of these diseases are on the rise and is
poised to exhibit a similar trend in the forthcoming years. As per the
National Institutes of Health (NIH), the U.S., the healthcare expenditure for
autoimmune diseases has reached half of that of
the cancer expenditure. Furthermore, the introduction of
favorable policies for insurance reimbursements are anticipated to
augment the market over the next couple of years. However, factors such as side
effects, counterfeit drugs, and expensiveness of the treatment are
forecasted to check the expansion of the autoimmune disease treatment market
across the review period.
Market Segmentation
By disease type, the global autoimmune disease treatment market has been segmented into localized, and systemic. The localized segment is further sub-segmented into multiple sclerosis, inflammatory bowel disease, diabetes, and other. The systemic segment is sub-segmented into rheumatoid arthritis, psoriasis, lupus, and others.
By diagnosis, the autoimmune disease treatment market outlook has been segmented into ELISA, dot blot, line blot, agglutination, double immune diffusion, western blotting, multiplex immunoassay, and others.
By therapeutic products, the market has been segmented into drugs and therapeutic and monitoring equipment. The drugs segment is further sub-segmented into biologics, immunosuppressant, anti-inflammatory drugs, corticosteroids, and non-steroidal anti-inflammatory drugs.
By distribution channel, the autoimmune disease treatment market is segmented into hospitals & clinics, diagnostic centers, drug stores, pharmacies, and others.
Competitive Dashboard:
Autoimmune Disease Treatment Market Players are Abbott Laboratories, Genentech Inc., Bayer Schering Pharma AG, Amgen Inc., Biogen Idec Inc., Chugai Pharmaceutical Co. Ltd., Danaher, Bio-Rad, Elan Corporation Plc, F. Hoffmann-La Roche AG, GlaxoSmithKline Plc, HYCOR Biomedical, Eli Lilly and Company, Johnson & Johnson Inc., Siemens, Squibb Company, Merck & Co. Inc., and Thermo Fisher Scientific.
Regional Analysis
The
autoimmune disease treatment market insights spans
across Asia Pacific, Americas, Europe, and the Middle East &
Africa. Americas signifies a huge potential for growth owing to
increasing patient population. In addition, the increase witnessed in the
expenditures associated with medical facilities is prognosticated to favor
the expansion of the market over the next couple of years. The region has
been estimated to gain control over the largest share of market in the
forthcoming years.
The
government of Europe has extended firm support in favor of research &
development in the healthcare sector. This, in turn, is likely to pave the
way for the growth of the in the region. It is
expected to place the region on the second spot globally over 2023.
Asia Pacific
has unleashed immense opportunities in the market through rapid developments
witnessed in the healthcare sector. The population has also created a positive
influence on the growth of the market by increasing its healthcare
expenditures.
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