Market Trends of United Kingdom In-Vitro Diagnostics Industry
This section covers the major market trends shaping the UK In-Vitro Diagnostics Market according to our research experts:
Infectious Diseases Segment is Expected to Witness Significant Growth Over the Forecast Period.
The infectious diseases segment is expected to hold a significant market share. Infectious diseases include HIV/AIDS, tuberculosis, hepatitis B, and hepatitis C, still posing a significant burden in the UK. For instance, in April 2022, the WHO reported 10 cases of severe acute hepatitis of unknown aetiology in children under 10 years, across central Scotland. By 8 April 2022, 74 cases had been identified in the UK. The source also reported that the UK has reported a recent unexpected significant increase in cases of severe acute hepatitis of unknown aetiology in young children. Thus, increasing cases of infectious diseases like hepatitis are driving the demand for IVD kits and thus driving the growth of the studied market.
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 UK's national tuberculosis charity raising public and professional awareness about TB. For instance, in July 2021, the UKHSA initiated the TB Action Plan for England, from 2021 to 2026, which aims to improve the prevention, detection, and control of TB in England. Thus, such initiatives are increasing the demand for IVD kits and contributing to the market's growth.
Hence, owing to the rising burden of infectious diseases, along with the expansion of the international market, players are driving the market growth for in-vitro diagnostics for infectious diseases in the UK.
Molecular Diagnostics Segment is Expected to Witness High Growth Over the Forecast Period.
The molecular diagnostics segment is expected to witness significant growth over the forecast period owing to an increase in the geriatric population, the high prevalence of diseases like cancer, cardiovascular diseases, neurological disorders, diabetes, and obesity which could be linked to the rising geriatric population is driving the growth of this segment in the country. Also, government initiatives are leading to the development of better diagnostics in the country and are contributing to the growth of this segment.
In July 2022, the UN population projections reported that in the year 2022, 12.9 million people aged 65 years and above. The number is anticipated to rise, even more, reaching 15.03 million in 2030 and 16.5 million in 2040. With the increasing burden of the geriatric population in the country, the burden of chronic diseases in the UK is also expected to rise, which, in turn, is anticipated to drive the demand for molecular diagnostic tests for diagnosing chronic diseases, thereby driving the growth of this segment.
Moreover, the technological developments leading to the development of the new product, are also fueling the growth of this segment. For instance, in October 2022, Thermo Fisher Scientific launched the TaqPath Enteric Bacterial Select Panel, a CE-IVD marked panel to detect common gastrointestinal bacteria in about two hours. The test enables clinicians to identify the root cause of an infection and administer the most appropriate treatment to their patients more quickly. Thus, such product launches are driving the growth of this segment.
Furthermore, government initiatives are also contributing to the growth of this segment. For instance, in June 2022 MHRA published a report focussing on the development of IVDs and medical devices in the UK. The report also stated that government to protect patients and the public and facilitate access for UK patients, the UK government has initiated the regulation of in vitro diagnostics and increased its production. Thus, such initiatives are contributing to the growth of this segment.
