|Study Period:||2018 - 2026|
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The United Kingdom In Vitro Diagnostics Market is expected to register a CAGR of 8.05% over the forecast period with a revenue of USD 2,628.68 million in 2020, and it is expected to reach USD 4,604.73 million by 2026.
The emergence of the COVID-19 pandemic transformed the in vitro diagnostics market in the country, both an advancement perspective and awareness about it among the general public. It led to the high demand for in vitro diagnostics products for COVID-19 diagnosis and treatment.
In the diagnosis and detection of COVID-19, in vitro diagnostics tests were majorly used even in the non-symptomatic patients in the United Kingdom. The two primary testing methods used in the detection of COVID-19 infection include the antibody test and the antigen test. These are types of in-vitro diagnostics tests. The National Health Service of the United Kingdom and the government used these methods for the rapid and accurate testing of the SARS-CoV-2 infection in the country. Thus, COVID-19 is likely to have a profound impact on the market studied.
The rising prevalence of chronic disease has increased the demand for early and effective diagnostic tests. There has been an increased use of point-of-care (POC) diagnostics that is also increasing its demand in the market. Moreover, increasing awareness and acceptance of personalized medicine and companion diagnostics have also helped the market growth.
As per the July 2021 report of the British Heart Foundation, there were about 7.6 million people in the United Kingdom were living with heart and circulatory diseases, of which 4 million people were male, and 3.6 million were female. Also, the rising geriatric population of the country will have a positive outlook on the market, as it is more prone to diseases and other medical conditions. The Future of an Ageing Population report by the Government Office of Science estimated that by 2040, one in seven people of the country is projected to be aged over 75.
The increasing investment in research and development, along with the launch of new and advanced products from key market leaders and government initiatives in the country, is expected to boost the growth of the market studied, during the forecast period. For instance, in May 2020, the UK government signed a contract with Abbott Laboratories for the supply of laboratory-based IgG-antibody tests to the National Health Services in different parts of the country.
However, stringent regulatory frameworks in the country is expected to impede the growth of the in-vitro diagnostics market in the United Kingdom.
Scope of the report
As per the scope of this report, in-vitro diagnostics involves medical devices and consumables that are utilized to perform in vitro tests on various biological samples. They are used for the diagnosis of various medical conditions, such as diabetes and cancer. The United Kingdom In-Vitro Diagnostics Market market is segmented by Technique (Clinical Chemistry, Molecular Diagnostics Immuno Diagnostics, Other Techniques), Product (Instrument, Reagent, Other Products), Usability (Disposable IVD Devices Reusable IVD Devices), Application (Infectious Disease, Diabetes, Cancer/Oncology, Cardiology and Other Applications) and End User (Diagnostics Laboratories, Hospitals and Clinics, Other End Users). The report offers the value (in USD million) for the above segments.
|Disposable IVD Devices|
|Reusable IVD Devices|
|Hospitals and Clinics|
Key Market Trends
By Application, the Infectious Diseases Segment Holds the Major Share During the Forecast Period
The infectious diseases include HIV/AIDS, tuberculosis, hepatitis B, hepatitis C, still posing a significant burden in the United Kingdom. Also, the impact of the COVID 19 pandemic positively impacted the segment’s growth. According to Public Health England Hepatitis C in the United Kingdom 2020, an estimated 118,000 people were chronically infected with hepatitis C (HCV) with many of them belonging to marginalized and underserved groups in society.
Moreover growing awareness regarding the early diagnosis and treatment, especially for infectious diseases in the country, is expected to contribute to market growth over the period. TB Alert is the United Kingdom’s national tuberculosis charity raising public and professional awareness about TB. TB Alert’s work in the United Kingdom focuses on making sure people with TB are diagnosed and treated as quickly as possible. Such initiatives in the country boosted diagnostics of the diseases, boosting the segment’s growth.
Hence, owing to the rising burden of infectious diseases, and the COVID-19 pandemic, along with the expansion of the international market, players are driving the market growth for in-vitro diagnostics for infectious diseases in the United Kingdom
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United Kingdom is a developed region with well-structured healthcare system. As a result, many global players in the in-vitro diagnostics market are present in the country. Moreover, some domestic players have also been competing in the UK market. These factors have made the region very competitive. Abbott Laboratories announced the signing of a contract with the UK government for the supply of laboratory-based IgG-antibody tests to the National Health Services (NHS) in May 2020.
- In June 2021, Abbott Laboratories announced receiving the CE mark for its COVID-19 detection test called Panbio COVID-19 Antigen Self Test.
- In June 2021, bioMerieux signed a distribution agreement with Specific Diagnostics for the distribution of antibody susceptivity test (AST) in Europe, called REVEAL Rapid AST test.
- In July 2021, Bio-Rad Laboratories launched COVID-19 diagnostics assay kit in the European markets, Reliance SARS-CoV-2/FluA/FluB RT-PCR Kit (IVD).
Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Prevalence of Chronic Diseases
4.2.2 Increasing Awareness and Acceptance of Personalized Medicine and Companion Diagnostics
4.2.3 Increasing Use of Point-of-care (POC) Diagnostics
4.3 Market Restraints
4.3.1 Stringent Regulations
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Technique
5.1.1 Clinical Chemistry
5.1.2 Molecular Diagnostics
5.1.3 Immuno Diagnostics
5.1.4 Other Techniques
5.2 By Product
5.2.3 Other Products
5.3 By Usability
5.3.1 Disposable IVD Devices
5.3.2 Reusable IVD Devices
5.4 By Application
5.4.1 Infectious Disease
5.4.5 Other Applications
5.5 By End-Users
5.5.1 Diagnostic Laboratories
5.5.2 Hospitals and Clinics
5.5.3 Other End-Users
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Company Profiles
6.1.1 Abbott Laboratories
6.1.2 Becton, Dickinson and Company
6.1.3 bioMerieux SA
6.1.4 Bio-Rad Laboratories, Inc.
6.1.5 Danaher Corporation
6.1.6 F. Hoffmann-La Roche AG
6.1.7 QIAGEN N.V.
6.1.8 Siemens Healthineers AG
6.1.9 Sysmex Corporation
6.1.10 Thermo Fischer Scientific Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The United Kingdom In-Vitro Diagnostics Market market is studied from 2018 - 2026.
What is the growth rate of United Kingdom In-Vitro Diagnostics Market?
The United Kingdom In-Vitro Diagnostics Market is growing at a CAGR of 8.05% over the next 5 years.
What is United Kingdom In-Vitro Diagnostics Market size in 2018?
The United Kingdom In-Vitro Diagnostics Market is valued at 2628 Million USD in 2018.
What is United Kingdom In-Vitro Diagnostics Market size in 2026?
The United Kingdom In-Vitro Diagnostics Market is valued at 4604 Million USD in 2026.
Who are the key players in United Kingdom In-Vitro Diagnostics Market?
Thermo Fischer Scientific Inc., QIAGEN N.V., Abbott Laboratories, Siemens Healthcare GmbH, F. Hoffmann-La Roche AG are the major companies operating in United Kingdom In-Vitro Diagnostics Market.