The Autoimmune disease is a disorder in which the immune system erroneously attacks the body. These diseases cause differences in organ working, anomalous evolution of organs and demolition of the energetic body. Such disease is customarily chronic in nature and there is no counteractive therapy. The common autoimmune diseases are Type 1 diabetes, inflammatory bowel diseases, Myasthenia gravis, Rheumatoid arthritis, Multiple sclerosis, Psoriasis/Psoriatic arthritis, Systemic lupus erythematosus (lupus), Vasculitis, Celiac disease and so on. Moreover, the various types of cure for these diseases involve topical therapy, physical therapy, blood transfusion, chemotherapy, recombinant technology, TNF-A antagonists and Helminthic. Furthermore, the players of this market are playing an important role while improving the technologies of the treatment and spreading awareness related to the cure of such disease increase the demand across the globe more positively which further lead the market growth more significantly in the short the span of time.
According to the report analysis, “Global Autoimmune Disease Market Analysis” states that there are several key players which are presently functioning in this market more actively for dominating the high value of market share around the globe more significantly while employing the effectively trained physicians and establishment of alternative technologies includes Abbott Laboratories, Active Biotech, Eli Lilly, Bristol-Myers Squibb, AstraZeneca plc, Pfizer, Biogen Idec, Lupin Limited, GlaxoSmithKline, Amgen, 4SC, F. Hoffmann-La Roche Ltd., AutoImmune Inc., Johnson & Johnson, Bayer, and several others. Moreover, the players of this market are investing the high amount of money in the technological advancement which further decreases the cost of treatment and increase the demand for a cure which further leads the market growth more positively during the forecasted period.
The Global Autoimmune Disease Market worth approximately USD 37.81 billion in 2017 is estimated to rise with a healthy growth rate of more than 3.82% over the forecast period of 2018-2025. Whereas, on the basis of region, the market of autoimmune disease is spread across the globe with the significant introduction of developed technologies includes Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is approximating to project extreme growth in the global Autoimmune Disease market due to the growing disposable income of individuals in the region. Asia-Pacific is also foreseen to exhibit higher growth rate/CAGR over the forecast period of 2018-2025 owing to developing health infrastructure and growing aging populace. Nevertheless, North America is also a significant region around the world in terms of market share owing to rising investment in R&D and growing awareness among the people related to healthcare.
Additionally, the foremost driving factor of global Autoimmune Disease market is the rising incidence of chronic diseases and improvement of the novel biomarkers such as Enbrel &Humira. Not only has this, the development in the regulatory framework, technological augmentations, and increasing government assistance are also some other extreme factors which fuel the growth of the market. Therefore, in the near future, it is anticipated that the market of an autoimmune disease will increase around the globe more significantly over the recent few years.
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Global Autoimmune Disease Market Size study, by Disease Type (Localized, Systemic), by Diagnostic (IFA, ELISA, Dot blot, Line Blot, Agglutination, Double Immune Diffusion, Western Blotting, Multiplex Immunoassay, Others), by Product (Drugs, Therapeutic & Monitoring Equipment, Diagnostic Equipment) and Regional Forecasts 2018-2025
Ankur Gupta, Head Marketing & Communications