Scleroderma Diagnostics and Therapeutics Market Share [2031]

Report Description

Scleroderma Diagnostics and Therapeutics Market Outlook 2031:

The global scleroderma diagnostics and therapeutics market size was valued at USD 1.91 Billion in 2022 and is projected to reach USD 3.23 Billion by 2031, expanding at a CAGR of 6% during the forecast period 2023 - 2031. The growth of the market is attributed to the rising incidence of scleroderma cases and the increasing prevalence of genetic mutations along with the occurrence of extreme changes in the environment.

An autoimmune disease that affects the skin, muscles, blood vessels, and internal organs is known as scleroderma. The skin and connective tissues start to tighten & harden when a person is affected with such disorder. It is caused due to an immune response that is abnormal. Scleroderma occurs when collagen is overproduced in an individual’s body.

Get Free Sample Report

however, the actual reason for the occurrence of scleroderma is not known. Scleroderma is a long-term and rare disease that affects women more than men. It mostly occurs between the ages of 30 to 50. The occurrence of scleroderma is likely four times more in women than in men.  Currently, no drug is available and approved for the treatment of scleroderma.

Approximately 2.5 million individuals are affected with scleroderma globally, which makes it a chronic disease. The report by Scleroderma & Raynaud’s UK stated that in 2018 about 19,000 individuals were diagnosed with scleroderma in the UK. The organization has been focusing on offering charity and continuously working for the betterment of those individuals who are suffering from scleroderma. As per the internal reports from Britain and Japan, the occurrence of scleroderma in adults is approximately 35 in 1 million.

Scleroderma Diagnostics and Therapeutics Market Trends, Drivers, Restraints, and Opportunities                                                                

• Increasing levels of awareness among patients regarding healthcare coupled with the growing disposable income of the population are anticipated to fuel the market growth during the forecast period.
• Presence of medical needs and presence of highly unmet patients along with the introduction of new products are expected to propel the market growth during the forecast period.
• Growing focus of several pharmaceutical companies in order to develop novel drugs is anticipated to drive market expansion in the coming years.
• Issues related to reimbursement policy and stringent regulatory policies are key challenges that can restrain the market growth during the forecast period.
• Ongoing research & development programs and expansion of clinical experiments in the field of scleroderma diagnostics & therapeutics are projected to create lucrative opportunities for market growth.

 Scope of Scleroderma Diagnostics and Therapeutics Market Report

The market report includes an assessment of the market, trends, and segments. Overview and dynamics have also been included in the report.

Scleroderma Diagnostics and Therapeutics Market Segment Insights     

On the basis of disease type, the global scleroderma diagnostics and therapeutics market is bifurcated into systemic scleroderma and localized scleroderma. The systemic scleroderma segment is further divided into limited scleroderma and diffused scleroderma. The localized scleroderma segment is further divided into linear scleroderma and morphea.

The systemic scleroderma segment is projected to account for a key market share during the projected period, owing to the rising prevalence of the disease and increasing demand for scleroderma therapeutics.

Get Free Sample Report

Based on test type, the market is segmented into antibodies test, urinalysis, thyroid function, metabolic panel, muscle enzymes, and complete blood count. The antibodies segment is further divided into anti-U3, anti-SCL70, and anticentromere antibodies. The antibodies segment is anticipated to exhibit a high CAGR during the forecast period, owing to the easy availability of the test type and most common form of type for the diagnostic of the disease.

Get Free Sample Report

On the basis of drug type, the global scleroderma diagnostics and therapeutics market is categorized as alpha blockers, calcium channel blockers, serotonin receptor antagonists, local nitrates, angiotensin II receptor inhibitors, statins, and others. The others segment is further divided into antibiotics, azathioprine, prostanoids, tetracycline, prokinetics, and cyclophosphamide. The calcium channel blockers segment is expected to expand at a robust growth rate during the forecast period, owing to wide demand for the drug types.

In terms of region, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market during the projection period, due to the high funding by governments and the presence of favorable regulations for the development of the therapy in the region. The development of new products along with the ongoing trials on a large scale to enhance efficiency is expected to further boost the regional market growth.

However, the market of Asia Pacific is anticipated to expand at a rapid pace in the coming years, owing to the presence of unmet patient needs and the high prevalence of the disorder in the region.

Get Free Sample Report