Europe Antinuclear Antibody Test Market Investment opportunities 2018

Posted by rohan on October 4th, 2018

In the year 2018, Europe Antinuclear Antibody Test Market was valued at USD 260.1 Million. By the year 2023, it is expected to reach USD 464.56 Million at pace of 12.30% CAGR.

Antinuclear antibodies (ANA) are used to detect or evaluate the presence of autoimmune diseases affecting body tissues and organs. These are mainly found in patients whose immune system causes inflammation against their own body tissues. It is commonly used to diagnose rheumatoid arthritis, systemic lupus erythematosus, scleroderma and polymyositis. Some of the symptoms associated with autoimmune diseases are rashes, swelling, arthritis and fatigue.

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Underlying Causes

The growth for Antinuclear Antibody Test Market is driven due to factors like rising prevalence of autoimmune diseases like rheumatoid arthritis and SLE, growing aging population, increasing demand for antinuclear antibody test products, growing awareness about antinuclear antibody test among people, and rising healthcare expenditure. In addition, technological advancements in medical sector, increasing investments by private organizations, and introduction of new techniques are expected to drive the market growth. However, stringent regulation for product approval, lack of skilled professionals, and diagnostic errors are expected to hinder the growth rate for Europe Antinuclear Antibody Test Market during the forecast period.

Geographic Segmentation:

Based on geography the Europe Antinuclear Antibody Test Market has been primarily divided into United Kingdom, France, Spain, Germany and Italy. Germany holds the largest market share in the Antinuclear Antibody Test Market followed by United Kingdom during the forecast period.

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Key Players:

Leading companies for Europe Antinuclear Antibody Test Market are Zeus Scientific Inc., Inova Diagnostics, Immuno Concepts, Euroimmun AG, Antibodies Inc., Thermo Fisher Scientific inc., Trinity Biotech plc, ERBA Diagnostics Inc., Bio-Rad Laboratories Inc., and Alere Inc.

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rohan

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rohan
Joined: September 20th, 2017
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