ROCKVILLE, Md., Oct. 25, 2016 /PRNewswire/ -- Testing for autoimmune disease is a multi-billion dollar market with growth higher than the IVD market as a whole. Given this demand, a number of IVD manufacturers including some top names have entered the market and their efforts will continue to drive growth, according to Kalorama Information. The market researcher publisher made its finding in its latest report on the subject, Autoimmune IVD Markets.
Find Autoimmune IVD Markets at: https://www.kaloramainformation.com/Autoimmune-IVD-Testing-10347327/.
Autoimmune disease is a competitive area of clinical testing with numerous competitors and categories of varied revenue potential. The term ―autoimmune disease refers to a varied group of more than 80 chronic illnesses that involve almost every human organ system. In all of these diseases, the underlying problem is similar; the immune system recognizes self as non-self, and the body attacks itself.
Some of the more prominent autoimmune diseases include: Rheumatoid arthritis, Crohn's disease, IBD, celiac disease, lupus, thyroid disease and others.
"The scourge of autoimmune conditions and the age of population, particularly the female population most affected by these diseases has spawn a fair number of diagnostic test products," said Bruce Carlson, Publisher of Kalorama Information. "There is room for more, and small test makers are finding opportunity exists for discovery and advancement in this arena. Competition is a factor that will boost a market; lots of companies means more purchases, and thankfully more options for providers and patients."
In terms of test products, a substantial amount of sameness is present in the market, with a number of "me-too" tests. That competition should resolve soon, Kalorama thinks. With the continued medical discovery of autoimmune conditions, the research and development of accurate tests to identify specific diseases provide the potential revenue opportunities that may exist for future tests and competitors. In addition to a healthy United States market, the report looks at the growing opportunity in the Middle East and Southeast Asia.
Prominent names in IVD, such as Alere, Luminex, Werfen and Thermo Fisher join with autoimmune specialists like HYCOR and Inova. Lophus, Adaptive Biotechnologies Corporation, Immunovia and Protagen are also significant players in the market. The report tracks their latest competitive moves, product launches and merger activities, as well as their recent financial performance. Competition within this market is expected to increase dramatically.
The report, Autoimmune IVD Market from Kalorama Information, contains breakouts of tests for specific diseases and profiles of companies, geographic breakouts and more.
Please link any media or news references to our reports or data to http://www.kaloramainformation.com/.
About Kalorama Information
Kalorama Information, a division of MarketResearch.com, supplies the latest in independent medical market research in diagnostics, biotech, pharmaceuticals, medical devices and healthcare; as well as a full range of custom research services. Reports can be purchased through Kalorama's website and are also available on www.marketresearch.com and www.profound.com.
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SOURCE Kalorama Information