Persistence Market Research (PMR) delivers key insights on the Rheumatoid Arthritis Market in its latest report titled ‘Global Market Study on Rheumatoid Arthritis Diagnosis Tests: Increasing Efficiency of RA Test Kits to Drive Growth of the Market during the Forecast Period, 2015 – 2022’.
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The rheumatoid arthritis diagnosis tests market is expected to be valued at US$ 738.7 Mn by the end of 2022, expanding at a CAGR of 6.2% during the forecast period (2016–2022). Based on type of tests, the rheumatoid arthritis diagnosis tests market is segmented into serology test and treatment monitoring tests. Increasing incidence of autoimmune diseases, off-label prescription of NSAIDs and other pain management drugs are projected to increase demand for RA diagnosis. In addition, extensive focus on the high specificity and sensitivity of RA kits from kit manufacturers and favorable regulatory guidelines for rapid RA diagnostic kits are expected to fuel market growth. Commercialization of rapid diagnostic test, especially in anti-CCP test would provide key growth opportunities for RA test kits manufacturers. However, higher costs of these test kits and limited sensitivity when performed as individual test are major restraining factors for this market. Revenue contribution of anti-CCP test segment has been estimated to be the highest, accounting for 31.0% of the total rheumatoid arthritis market share in 2015 and is expected to be one of the most lucrative segments over the forecast period. Limited sensitivity of other tests such as ANA antibody and RF test provide competitive advantage over anti-CCP test. However, availability of these tests at remote location of Asia Pacific region is a major challenge for the market.
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Commercialization of cost-effective drugs to treat rheumatoid arthritis is expected promote growth of RA diagnosis tests market, as these medications require continuous monitoring of patients. Moreover, application of biomarker test for diagnosing rheumatoid arthritis could be the future for RA diagnosis, as various companies are focusing on development of biomarker test owing to limited efficacy of test kits currently available in the market.
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