Increased Funding Unlocks New Opportunities For The Autoimmune Disease Diagnosis Market
The Business Research Company’s Autoimmune Disease Diagnosis Market 2022 – Opportunities And Strategies – Global Forecast To 2031
LONDON, GREATER LONDON, UK, October 24, 2022 /EINPresswire.com/ -- The increased funding for autoimmune diagnostics during the forecast period drives the autoimmune disease diagnosis market. Funding in the sector supports major companies expand their geographic footprint, strengthening their product portfolio, and helping increase research and development (R&D) activities. Investment and funds also help SMEs and start-ups in developing their drugs, and diagnostics and further expand the services offered. For instance, in 2022, The Lupus Foundation of America (LFA) had announced they had received a new grant from the Office of Minority Health (OMH) at the U.S. Department of Health and Human Services to support the substantial disparities in lupus clinical trial participation. Furthermore, in 2022, Scipher Medicine, a Massachusetts-based, autoimmune-focused biotech startup raised $110 million in a round led by Cowen Healthcare Investments, bringing Scipher’s total fundraising to $227 million.
Read more on the Global Autoimmune Disease Diagnosis Market Report
https://www.thebusinessresearchcompany.com/report/autoimmune-disease-diagnosis-market
The global autoimmune disease diagnosis market size is expected to grow from $4.77 billion in 2021 to $6.98 billion in 2026 at a rate of 7.9%. The global autoimmune disease diagnosis market share is then expected to grow at a CAGR of 8.2% from 2026 and reach $10.34 billion in 2031.
Artificial Intelligence is being increasingly incorporated with rapid diagnostic test kits to increase the efficiency of diagnosis. Artificial intelligence (AI) refers to the simulation of human intelligence in computer-controlled machines that are programmed to perform tasks, which usually require human intelligence. Artificial Intelligence algorithms are being used to integrate the findings of clinical symptoms, family history, and laboratory testing to increase the chance of early detection of autoimmune diseases. For instance, In March 2022, ImmuneID, a US-based immunology company had partnerships with two world-class healthcare research organizations, Icahn School of Medicine at Mount Sinai and University Hospital Erlangen. Both collaborations will use ImmuneID's aiSPIRE technology to demonstrate its potential to identify highly specific patient and population insights, as well as precisely segment patient subgroups, by screening huge numbers of peptide-antibody interactions and employing artificial intelligence (AI) to reveal immune system exposures and reactions. ImmuneID will use these new insights to develop target identification and precision therapeutics for the most difficult circumstances in autoimmunity and other critical illnesses.
Major players covered in the global autoimmune disease diagnosis industry are Siemens Healthineers AG, Abbott Laboratories, Thermo Fisher Scientific Inc., Bio-Rad Laboratories Inc., F. Hoffmann-La Roche Ltd.
TBRC’s autoimmune disease diagnosis market report is segmented by product into consumables, assay kits, by end user into clinical laboratories, hospitals, others, by test type into routine laboratory tests, autoantibodies tests, immunologic tests, other tests.
Autoimmune Disease Diagnosis Market 2022 – By Product (Consumables And Assay Kits, Instruments), By End User (Clinical Laboratories, Hospitals), By Test Type (Routine Laboratory Tests, Autoantibodies Tests, Immunologic Tests, Other Tests), And By Region, Opportunities And Strategies – Global Forecast To 2031 is one of a series of new reports from The Business Research Company that provides a autoimmune disease diagnosis market overview, forecast autoimmune disease diagnosis market size and growth for the whole market, autoimmune disease diagnosis market segments, geographies, autoimmune disease diagnosis market trends, autoimmune disease diagnosis market drivers, restraints, leading competitors’ revenues, profiles, and market shares.
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