Market Trends of Rheumatoid Arthritis Diagnostic Tests Industry
Anti-cyclic Citrullinated Peptide (anti-CCP) tests are Expected to Witness a Healthy Growth Over the Forecast Period
Anti-cyclic Citrullinated Peptide (anti-CCP) tests detect and diagnose rheumatoid arthritis. The human immune system creates antibodies called anti-cyclic Citrullinated Peptides. People who test positive for anti-cyclic Citrullinated Peptides are more prone to develop rheumatoid arthritis. The segment is expected to grow due to the rising demand for anti-CCP, rising awareness initiatives, and the high prevalence of smoking and obesity.
According to an article published in the Journal of International Medical Research Central in September 2021, anti-cyclic citrullinated peptide and rheumatoid factor combined detection improve the diagnostic efficiency of rheumatoid arthritis. The study gave more scope to the diagnosis of rheumatoid arthritis by anti-CCP test, which is expected to increase the segment's growth during the forecast period.
Furthermore, the segment is expected to grow during the forecast period owing to the rising awareness initiatives and the high prevalence of smoking and obesity. For instance, in February 2023, on the global rheumatoid arthritis awareness day, an Indian doctor stated that smoking and obesity are critical factors for developing RA. During the awareness month, webinars across the world are conducted to educate people about the disease and conduct early diagnostic tests. Also, as per an article published in the Tobacco Prevention and Cessation in March 2021, the overall prevalence of smoking tobacco use in India is 10.38%. Such initiatives and the high burden of such diseases are expected to propel the segment's growth during the forecast period.
In addition, the high research spending for rheumatoid arthritis is expected to develop innovative anti-CCP tests for early diagnosis, thereby accelerating the segment growth significantly over the forecast period. Thus, the abovementioned factors, such as increasing awareness about diagnostic tests and their efficacy, are driving the growth of the market segment.
North America is Expected to Hold a Significant Market Share Over The Forecast Period
North America is expected to hold a significant market share owing to factors such as the high burden of rheumatoid arthritis (RA), high research and development (R&D) spending, and the high concentration of market players in the region.
In addition, the rising awareness by government and non-government organizations is expected to boost the diagnostics of RA in the region. For instance, in February 2023, rheumatoid arthritis awareness day was celebrated in the nation and was organized by the Rheumatoid Arthritis Foundation (RAF). To raise awareness of this common condition, RA Awareness Day is held annually on February 2nd. Therefore, the awareness initiatives and events organized by such foundations are expected to educate people regarding the disease, which is expected to boost RA diagnostics, thereby propelling market growth in the region.
Furthermore, according to the National Institute of Health, Estimates of Funding for Various Research, Condition, and Disease Categories (RCDC), May 2022 update, the spending on R&D in the United States for rheumatoid arthritis was USD 93 million in 2021. Also, in January 2023, Arthritis Society Canada awarded eight grants and awards to expedite arthritis research, which also included a funded rheumatoid arthritis project. The grant provided by the government for the research of rheumatoid arthritis is expected to create opportunities for market players to develop an innovative diagnostic test that is further expected to propel market growth in the upcoming years.
Therefore, owing to the above-mentioned factors, such as the high burden of RA rising awareness initiatives and rising R&D spending for the development of innovative RA diagnostics, the growth of the studied market is anticipated in the North American Region.
