UK IVD Market Value determined to Grow $3,127 Million by 2023

New Report "UK IVD Market by Product Type, Techniques, Application and End-Users: Global Opportunity Analysis and Industry Forecast, 2017-2023," published by Allied Market Research. UK IVD market accounted for $ 2,148 million in 2016, and is estimated to reach $3,127 million by 2023, growing at a CAGR of 5.4% during the analysis period (2017-2023).

In Vitro Diagnostics (IVD) is a technique used to analyze biological samples such as blood, urine, feces, tissue and other body fluids. Testing is also performed in stand-alone and hospital-based laboratories. Some of the important techniques involved in in vitro diagnostics include polymerase chain reaction, microarray technology, sequencing technology, and mass spectrometry, which are used to prepare test samples.

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Depending on the product type, the reagent sector maintained its highest market share in 2016 due to the introduction of new reagent R & D in the chemical sector.

Due to the spread of chronic diseases and the growing demand for minimally invasive technologies based on this technology, the immunodiagnosis sector took the largest market share in 2016.

The epidemic contributed to the largest market share in 2016 as the epidemic was developed and awareness of preventive health measures increased with each application.

Based on end users, the standalone labs sector achieved the highest market share in 2016 thanks to a sophisticated infrastructure that enables a variety of complex tests and fast and accurate test results.

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Key Findings of the UK IVD Market:

• The immunodiagnostics segment dominated the market in 2016, and is projected to grow at the 5.6% CAGR.
• The immunodiagnostics segment accounted for the highest share in 2016.
• The pathology segment was the major shareholder in the UK IVD based application market in 2016.
• The standalone laboratory segment accounted for the highest share in 2016.
• UK is expected to grow at the highest CAGR in the IVD market.

The major players profiled in the UK IVD market are Thermo Fisher Scientific Inc., Alere Inc., Biomerieux, Danaher Corporation, F. Hoffmann-La Roche AG, Becton Dickinson and Company, Bio-Rad Laboratories, Bayer AG, Sysmex Corporation, and Johnson & Johnson.

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