Growth Of The Rheumatoid Arthritis Diagnostic Tests Market
The global rheumatoid arthritis diagnostic tests market is estimated to be valued at US$ 2,775.1 Mn or billion in 2023 and is expected to exhibit a CAGR of 5.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
SWOT Analysis:-
· Strength: High prevalence of RA worldwide is driving demand for improved diagnostic methods. Early diagnosis allows for timely intervention through drug treatment.
· Weakness: High cost of advanced imaging devices limits their widespread adoption in developing nations. Sample collection and preparation for certain novel biomarkers can be complex.
· Opportunity: Development of microfluidics-based point-of-care testing devices will enhance accessibility in remote locations. AI-assisted analysis of imaging scans can make diagnosis more objective.
· Threats: Lack of insurance coverage or reimbursement for expensive tests in some countries. Emergence of alternate non-invasive diagnostic methods.
Key Takeaways:-
The Global Rheumatoid Arthritis Diagnostic Tests Market Demand is expected to witness high growth, exhibiting CAGR of 5.4% over the forecast period, due to increasing adoption of advanced imaging modalities and novel biomarker-based tests.
North America dominated the market in 2023 with over 40% revenue share owing to rapid technological advancement and preference for advanced treatments. However, Asia Pacific is anticipated to exhibit the fastest growth during the forecast period with rising healthcare expenditure in China and India enabling greater access to diagnostic services.
Key players operating in the Rheumatoid Arthritis Diagnostic Tests market are Abbott Diagnostics (Abbott Laboratories), Labcorp ,Antibodies Inc., Networks LLC, Beckman Coulter, Inc., Euro Diagnostica AB, F. Hoffmann-La Roche Ltd., Qiagen NV, Siemens Healthcare GmbH, Augurex Life Sciences Corp., Thermo Fisher Scientific Inc., Bio Rad Laboratories Inc., Exagen Inc., Genway Biotech, Inc., Microdrop LLC (imaware), Svar Life Science AB, and Thermo Fisher Scientific Inc.
Read More - https://www.feedsfloor.com/other/open-new-avenue-rheumatoid-arthritis-diagnostic-tests-market
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