Market Size of Europe Autoimmune Disease Diagnostics Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 1.38 Billion |
Market Size (2029) | USD 1.82 Billion |
CAGR (2024 - 2029) | 5.69 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Europe Autoimmune Disease Diagnostics Market Analysis
The Europe Autoimmune Disease Diagnostics Market size is estimated at USD 1.38 billion in 2024, and is expected to reach USD 1.82 billion by 2029, growing at a CAGR of 5.69% during the forecast period (2024-2029).
The major factors driving the market are the increasing prevalence, along with the rising public awareness, technological advancements, and improved laboratory automation.
European countries are being confronted with an increase in the occurrence of the most autoimmune immune disorders. The prevalence rate of multiple sclerosis in Europe is estimated at 83 out of 100,000. Moreover, multiple sclerosis is more common among women than men. In addition, two million people are affected by rheumatoid arthritis and nearly 2-3% of the population is estimated to be affected by psoriasis, which is one of the most common forms of autoimmune diseases. Owing to the aforementioned conditions, early diagnosis and onset of treatment can make a significant difference in preventing permanent damage and disability. Results of autoimmune disease diagnostic tests can confirm a disorder, estimate disease severity, aid in assessing prognosis. They are also useful to follow disease activity.
The increasing awareness of auto-immune diseases, through programs of research, education, support, and advocacy is a key factor augmenting the usage rates. The European Commission is taking several steps to increase awareness among the public regarding the risk factors in developing autoimmune diseases. Thus, as symptoms occur, they can seek diagnosis and begin a treatment regimen.
Europe Autoimmune Disease Diagnostics Industry Segmentation
An autoimmune disease is a condition that occurs when the immune system mistakenly attacks and destroys healthy body tissue. There are more than 80 different types of autoimmune diseases.
By Disease Type | |||||||
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By Diagnostic Technique | |
Immunofluorescence Assays (IFA) | |
Enzyme-linked Immunosorbant Assay (ELISA) | |
Western Blotting | |
Multiplex Immunoassay | |
Agglutination | |
Other Diagnostic Techniques |
Geography | ||||||||
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Europe Autoimmune Disease Diagnostics Market Size Summary
The European autoimmune disease diagnostics market is poised for significant growth, driven by an increasing prevalence of autoimmune disorders and heightened public awareness. Technological advancements and improved laboratory automation are further propelling the market forward. The region is witnessing a rise in conditions such as multiple sclerosis, rheumatoid arthritis, and psoriasis, necessitating early diagnosis and treatment to prevent permanent damage. Diagnostic tests play a crucial role in confirming disorders, estimating severity, and assessing prognosis, thereby aiding in the management of these diseases. The European Commission's efforts to raise awareness about risk factors are encouraging individuals to seek timely diagnoses and initiate treatment regimens.
The market is characterized by a moderate level of competition, with established players like Abbott Laboratories, bioMérieux, Bio-Rad Laboratories, and Thermo Fisher Scientific Inc. leading the charge. The availability of treatment options, such as biologics, and the presence of reimbursement schemes are contributing to the growth of the rheumatoid arthritis segment. The demand for rheumatoid arthritis diagnostics is expected to rise due to the increasing incidence of the disease and the focus on high specificity and sensitivity of diagnostic kits. Additionally, favorable regulatory guidelines for rapid diagnostic kits are anticipated to further stimulate market expansion. New entrants are also emerging, aiming to capitalize on the growing demand for autoimmune disease diagnostics in Europe.
Europe Autoimmune Disease Diagnostics Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Prevalence and Rising Public Awareness
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1.2.2 Technological Advancements and Improved Laboratory Automation
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1.3 Market Restraints
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1.3.1 Slow Turnaround Time of Results and Need of Multiple Diagnostic Test
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1.3.2 High Cost
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Disease Type
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2.1.1 Systemic Autoimmune Disease
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2.1.1.1 Rheumatoid Arthritis
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2.1.1.2 Psoriasis
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2.1.1.3 Systemic Lupus Erythematosus (SLE)
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2.1.1.4 Multiple Sclerosis
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2.1.1.5 Other Systemic Autoimmune Diseases
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2.1.2 Localized Autoimmune Disease
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2.1.2.1 Inflammatory Bowel Disease
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2.1.2.2 Type-1 Diabetes
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2.1.2.3 Thyroid
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2.1.2.4 Other Localized Autoimmune Diseases
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2.2 By Diagnostic Technique
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2.2.1 Immunofluorescence Assays (IFA)
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2.2.2 Enzyme-linked Immunosorbant Assay (ELISA)
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2.2.3 Western Blotting
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2.2.4 Multiplex Immunoassay
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2.2.5 Agglutination
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2.2.6 Other Diagnostic Techniques
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2.3 Geography
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2.3.1 Europe
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2.3.1.1 Germany
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2.3.1.2 United Kingdom
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2.3.1.3 France
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2.3.1.4 Italy
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2.3.1.5 Spain
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2.3.1.6 Rest of Europe
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Europe Autoimmune Disease Diagnostics Market Size FAQs
How big is the Europe Autoimmune Disease Diagnostics Market?
The Europe Autoimmune Disease Diagnostics Market size is expected to reach USD 1.38 billion in 2024 and grow at a CAGR of 5.69% to reach USD 1.82 billion by 2029.
What is the current Europe Autoimmune Disease Diagnostics Market size?
In 2024, the Europe Autoimmune Disease Diagnostics Market size is expected to reach USD 1.38 billion.