Market Size of Rheumatoid Arthritis Diagnostic Tests Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 5.10 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | North America |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Rheumatoid Arthritis Diagnostic Tests Market Analysis
The rheumatoid arthritis diagnosis tests market is expected to register a CAGR of 5.1% over the forecast period.
The COVID-19 pandemic had a significant impact on the rheumatoid arthritis diagnostic test market owing to the cancellations of elective diagnostic procedures during the early period of the pandemic. For instance, according to an article published in November 2022, a study conducted by Kings College London observed that the number of patients receiving their rheumatoid arthritis diagnosis fell by 20% in the first year of the COVID-19 pandemic. COVID-19 was also reported to be associated with developing rheumatoid arthritis (RA) in some patients. However, the upliftment of diagnostic test restrictions and rising research studies regarding the impact of COVID-19 on RA have helped in the recovery of market growth in the last two years. The impact of new variants of COVID-19 on the rheumatoid arthritis diagnostic test is negligible in the current scenario. The market is expected to grow stable during the forecast period.
The studied market is driven by the increasing prevalence of rheumatoid arthritis, favorable health reimbursement, and increased awareness. For instance, an article published in the Journal of Translational Autoimmunity in January 2022 mentioned that the measurement of rheumatoid factor (RF) and anti-citrullinated protein antibodies (ACPA) in serum supports the diagnosis of RA, which has gained significance over time. Therefore, the use of diagnostic tests is expected to increase during the forecast period.
Furthermore, strategic initiatives adopted by market players, such as launches, approvals, partnerships, and acquisitions to expand the RA diagnostic test offerings, significantly contribute to the market growth. For instance, in September 2021, Laboratory Corporation (LabCorp LH), United States, acquired Myriad Genetics' MYGN autoimmune business unit, including the Vectra rheumatoid arthritis (RA) assay. Vectra is a blood-based, non-invasive test to assess the severity of rheumatoid arthritis disease and the effectiveness of existing treatments. It can also predict the chance of joint deterioration in the future. Such acquisitions are expected to strengthen the company's RA diagnostic test market position and propel the market growth during the forecast period.
Therefore, owing to the aforementioned factors, such as the high burden of RA and acquisitions to expand the diagnostic test offerings for RA, the studied market is anticipated to witness growth over the analysis period. However, the non-reliance on rheumatoid arthritis testing measures restrains the market growth.
Rheumatoid Arthritis Diagnostic Tests Industry Segmentation
As per the scope of the report, rheumatoid arthritis diagnostic tests are tests used to detect rheumatoid arthritis that is characterized by inflammation of the joints and the subsequent destruction of cartilage and erosion of the bone. Early diagnostic tests and prompt treatment can lead to proper recovery. The rheumatoid arthritis diagnostic tests market is segmented by test type (serology test (erythrocyte sedimentation rate (ESR), anti-cyclic citrullinated peptide (anti-CCP), rheumatoid factor (rf), and other tests)), monitoring rheumatoid arthritis treatment efficiency tests (salicylate level count, muscle enzyme tests, and creatinine test)), end users (hospitals, clinics & other end users (research institutes, laboratories), geography(North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD) for the above segments.
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Rheumatoid Arthritis Diagnostic Tests Market Size Summary
The rheumatoid arthritis diagnostic tests market is poised for growth, driven by the increasing prevalence of rheumatoid arthritis, favorable health reimbursement policies, and heightened awareness of the disease. The market experienced a setback during the COVID-19 pandemic due to the postponement of elective diagnostic procedures, but has since rebounded as restrictions were lifted and research into the pandemic's impact on rheumatoid arthritis progressed. Strategic initiatives by key market players, such as acquisitions and partnerships, have further bolstered market expansion. The demand for diagnostic tests, particularly those measuring rheumatoid factor and anti-citrullinated protein antibodies, is expected to rise, supported by ongoing research and development efforts aimed at enhancing diagnostic accuracy and efficiency.
North America is anticipated to maintain a significant share of the market, attributed to the high burden of rheumatoid arthritis, substantial research and development investments, and a concentration of market players in the region. Awareness initiatives by government and non-government organizations, such as the Rheumatoid Arthritis Foundation, are expected to further drive market growth by educating the public and promoting early diagnosis. The market's competitive landscape is characterized by the presence of several global and regional companies, including Abbott Laboratories, Siemens Healthineers AG, and Thermo Fisher Scientific Inc. These companies are actively involved in research and development to innovate and expand their diagnostic test offerings, contributing to the market's anticipated growth trajectory.
Rheumatoid Arthritis Diagnostic Tests 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 of Rheumatoid Arthritis
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1.2.2 Favorable health reimbursement and increased awareness
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1.3 Market Restraints
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1.3.1 Non-reliance of rheumatoid arthritis testing measures
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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 (Market Size by Value - USD million)
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2.1 By Test Type
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2.1.1 Serology Test
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2.1.1.1 Erythrocyte Sedimentation Rate (ESR)
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2.1.1.2 Anti-cyclic Citrullinated Peptide (anti-CCP)
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2.1.1.3 Rheumatoid Factor (RF)
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2.1.1.4 Others
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2.1.2 Monitoring Rheumatoid Arthritis Treatment Efficiency Tests
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2.1.2.1 Salicylate Level Count
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2.1.2.2 Muscle Enzyme Tests
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2.1.2.3 Creatinine Test
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2.2 By End-User
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2.2.1 Hospitals
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2.2.2 Clinics
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2.2.3 Other End Users
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.2.5 Spain
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 South Korea
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2.3.3.6 Rest of Asia-Pacific
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2.3.4 Middle East and Africa
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2.3.4.1 GCC
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2.3.4.2 South Africa
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2.3.4.3 Rest of Middle East and Africa
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2.3.5 South America
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2.3.5.1 Brazil
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2.3.5.2 Argentina
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2.3.5.3 Rest of South America
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Rheumatoid Arthritis Diagnostic Tests Market Size FAQs
What is the current Global Rheumatoid Arthritis Diagnostic Tests Market size?
The Global Rheumatoid Arthritis Diagnostic Tests Market is projected to register a CAGR of 5.10% during the forecast period (2024-2029)
Who are the key players in Global Rheumatoid Arthritis Diagnostic Tests Market?
Abbott Laboratories, Siemens Healthineers AG, Thermo Fisher Scientific Inc., Augurex Life Sciences Corp. and Danaher Corporation (Beckman Coulter) are the major companies operating in the Global Rheumatoid Arthritis Diagnostic Tests Market.