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UK Sexually Transmitted Diseases (STD) Diagnostics Market 2019-2025

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  • February 2020
  • Region: United Kingdom
  • Orion Market Research Private Limited
  • ID: 5116800
UP TO OFF until Dec 31st 2022
UK Sexually Transmitted Diseases (STD) Diagnostics Market Size, Share & Trends Analysis Report by Disease Type (Chlamydia, Syphilis, Gonorrhea, Herpes Simplex Virus (HSV), Human Papilloma Virus (HPV), Human Immunodeficiency Virus (HIV), and Others), by Product (Laboratory Testing Devices, and Point-of-Care (POC) Testing Devices) by End-user (Hospitals and Clinics, Diagnostic Centers, and Homecare) Forecast Period 2019-2025.

UK STD diagnostics market is growing at a CAGR of around 8.6% during the forecast period. UK has one of the finest healthcare systems in the EU region, which enables it to provide quality healthcare to the individuals. UK is one of the major countries in the European region. There are many factors such as rising STDs, and growth of healthcare infrastructure, which augment the UK STD diagnostics market. According to Index of Economic Freedom, the population of the UK in 2018 is estimated to be around 65.6 million, with the top personal income tax rate being 45%, and the top corporate tax rate with a 20% decrease.

Further, demand for high-skill and high-technology jobs outpaces the number of work-ready graduates, which the educational system can produce. The UK with few price controls, regulates the rates for most utilities, and partly controls the price of prescription drugs. This increases the market players’ business in the region. The overall net national income is also augmented in this region, raising the power of public to spend on their health, diagnostic kits, rapid test kits, point of care devices and others.

The companies which are contributing significantly in the UK STD diagnostics market include Abbott Laboratories, AbbVie Inc., Becton, Dickinson and Co., Biocartis NV, Bio-Rad Laboratories, Inc., Danaher Corp., Eli Lilly and Co., F. Hoffmann-La Roche Ltd., Merck KGaA, Thermo Fisher Scientific, Inc. among others. The market players are considerably contributing to the market growth by the adoption of various growth strategies including new product launch, merger, and acquisition, collaborations with government, and technological advancements to stay competitive in the market.

Research Methodology:

The market study of the UK STD Diagnostics market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The research team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.

Secondary Sources Include:
  • Financial reports of companies involved in the market.
  • Whitepapers, research-papers, and news blogs.
  • Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation:

1. UK STD Diagnostics Market Research and Analysis by Disease Type
2. UK STD Diagnostics Market Research and Analysis by Product
3. UK STD Diagnostics Market Research and Analysis by End-user

The Report Covers:
  • Comprehensive Research Methodology of the UK STD Diagnostics market.
  • This report also includes a detailed and extensive market overview with key analyst insights.
  • An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
  • Analysis of regional regulations and other government policies impacting the UK STD Diagnostics market.
  • Insights about market determinants which are stimulating the UK STD Diagnostics market.
  • Detailed and extensive market segments with regional distribution of forecasted revenues.
  • Extensive profiles and recent developments of market players.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Abbott Laboratories, Inc.
  • AbbVie Inc.
  • Becton, Dickinson and Co.
  • Biocartis NV
  • Bio-Rad Laboratories, Inc.
  • Danaher Corp.
  • Eli Lilly and Co.
  • F. Hoffmann-La Roche Ltd.
  • Merck KGaA
  • Thermo Fisher Scientific, Inc.