UK HIV Diagnostic Market Analysis

UK HIV Diagnostic Market Analysis


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UK HIV Diagnostics Market is projected to grow from $xx Mn in 2023 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2023 - 2030. The market for HIV diagnostics is expanding as a result of rising prevalence of the disease and increased blood transfusions. This demand is fueling the development of better diagnostic tools and methods for the early detection and accurate diagnosis of HIV. Some of the key players in the global HIV Diagnostics Market include Thermo-Fisher Scientific Inc., Hologic, Inc., Abbott, Alere Inc., Bio-Rad Laboratories, Inc., OraSure Technologies, Inc, F. Hoffmann-La Roche Ltd., Siemens Healthineers, Chembio Diagnostics, Inc., Danaher Corporation, and Becton, Dickinson and Company.

ID: IN10GBHS059 CATEGORY: Healthcare Services GEOGRAPHY: UK AUTHOR: Dr. Nensi Savani

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UK HIV Diagnostic Market Executive Summary

UK HIV Diagnostic Market is valued at around $117.8 Bn in 2022 and is projected to reach $213.2 Bn by 2030, exhibiting a CAGR of 7.7% during the forecast period 2023-2030.

The HIV Diagnostics Market refers to the market for tools and methods used to diagnose HIV for AIDS, a chronic immune system disease cause by human immunodeficiency virus. The market includes software and platforms for analysing and interpreting the findings of diagnostic tests, imaging methods, and biomarkers used to detect the disease.

The increased prevalence of HIV, which has a huge impact on people globally, has contributed to the growth of the global market for HIV diagnostics in recent years. Advances in diagnostic technologies and imaging methodologies are also driving the market.

Pharmaceutical and biotechnology firms like Thermo-Fisher Scientific Inc., Hologic, Inc., Abbott, Alere Inc., Bio-Rad Laboratories, Inc., OraSure Technologies, Inc, F. Hoffmann-La Roche Ltd., Siemens Healthineers, Chembio Diagnostics, Inc., Danaher Corporation, and Becton, Dickinson and Company., are some of the major players in the HIV Diagnostics Market.

HIV is diagnosed using a variety of diagnostic procedures and tests, including rapid antigen/antibody tests, ELISA tests, and imaging examinations like NAT. For use in HIV diagnosis, biomarkers including high sensitivity CRP (hsCRP) and CD4+ T-cells level in the blood are detected.

The increasing government initiatives, blood donations and early detection of HIV are projected to fuel the market for diagnostics for the condition in the years to come. The market may yet have difficulties with regard to obtaining regulatory permission as well as the high price of various diagnostic methods and instruments.

Market Dynamics

Drivers of UK HIV Diagnostics Market:

Growing Incidence and Prevalence of HIV: The prevalence of HIV is growing each day. This is raising the demand for diagnostic methods and technologies that can successfully identify the illness.

Increasing Number of Blood Transfusions and Blood Donations: Th demand for HIV Diagnostics is increasing each day by the increasing number of blood transfusions and blood donations.

Benefits Offered by Point-of-Care Instruments and Kits: Benefits from the POC kit like convenience and quick results is driving the HIV Diagnostics Market.

Increasing Government Initiatives: Programs by government for prevention, awareness, and screening is leading to the growth of HIV Diagnostics Market.

Restraints of UK HIV Diagnostics Market:

High Cost of Nucleic Acid Test (NAT): NAT can detect if the actual virus is present in the blood. It can either detect its presence or show how much virus is present in the blood. The higher cost of NAT can hamper the growth of HIV Diagnostics Market.

Stringent Rules of Regulatory Bodies: The improper functioning of regulatory bodies can negatively affect the growth of HIV Diagnostics Market.

Notable Deals in HIV Diagnostics Market:

In 2022, Abbott introduce the Panbio HIV Self-Test for more reliable and discrete testing at home.

In 2022, Amref Health Africa-Tanzamia launched “Afya Kamilifu” project in Mara Region to prevent HIV. Under this, HIV Self-Test kits were made available at all health centers in the region.

In 2022, Roche partnered with The Global Fund to improve the diagnosis of HIV by building local capacity to tackle fundamental infrastructure challenges for generating and delivering diagnostic results and managing healthcare waste.

In 2002, Siemens Healthineers and the UNICEF announced partnership to help optimize Point-of-Care (POC) diagnostics networks and strengthen fragile health system in sub-Saharan Africa by improving access to diagnostics and linkage to treatment.

Key players

Abbott Laboratories Roche Diagnostics Siemens Healthineers bioM?rieux SA BD (Becton, Dickinson and Company) Hologic, Inc. OraSure Technologies, Inc. Cepheid Inc. (a Danaher Corporation subsidiary) Alere Inc. (now part of Abbott) Bio-Rad Laboratories, Inc.

1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Services
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Market Segmentations For UK HIV Diagnostics Market

By Product:

  • Consumables
  • Instruments
  • Software
  • Services
  • Kits and Reagents
  • Assays

By Test-type:

  • Anti-body Tests
  • Viral Load Test
  • CD4 Test
  • Early Infant
  • Viral Identification

By End-user:

  • Hospitals & Clinics
  • Home Care Settings
  • Diagnostics Laboratories
  • Blood Banks
  • Others

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

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Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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Last updated on: 27 June 2023
Updated by: Ritu Baliya

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