United Kingdom Healthcare Diagnostic Market Growing Trade Among Emerging Economies Opening New Opportunities (2023-2028)

Report Overview

The UK Healthcare Diagnostic market is expected to grow from USD xx million in 2019 to USD xx million by 2028, at a Compound Annual Growth Rate (CAGR) of 5.5% during the forecast period from (2019-2028).

Diagnostics market in the UK is in its growth phase due to increase in incidence of chronic diseases such as arthritis, cancer, cardiovascular diseases, neurodegenerative disorder, and diabetes. According to WHO, 75% of the total population in UK suffers from one chronic condition, while 50% with two or more conditions. Thus, high rate of such diseases increases the demand for this market.

Market Drivers

Certain factors that are driving the market growth include the prevalence of chronic diseases, growing adoption of advanced technologies in medical imaging, and an increase in the geriatric population.

The geriatric population is more prone to musculoskeletal diseases and joint problems. Osteoarthritis is the most common problem for old age people of more than 65 years and is accompanied by increased mortality, and decreased quality of life. The regional rise in incidence of chronic and life-threatening diseases are the major drivers for the market.

The emergence of automated diagnostic imaging scanners and on-going R&D development in diagnostic imaging are also expected to propel the market growth. In spite of these factors driving the market, there are other factors restraining the growth of the market, such as expensive procedures and equipment, and certain side effects of diagnostic imaging procedures.

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Market Segmentation

By Modality:

The market is segmented based on modality into MRI, Computed Tomography, Ultrasound, X-Ray, Nuclear Imaging, Fluoroscopy, Mammography.

By Application:

Based on application, UK market is segmented into Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology and other applicants. Oncology is expected to show a lucrative growth in the Disease Application Type. It deals with diagnosis and treatment of tumors and cancers, which is one the leading causes of morbidity and mortality. According to the Cancer Research UK, there are more than 367,167 new cancer cases in the United Kingdom every year, which is nearly 990 every day.

Every two minutes, someone in the United Kingdom is diagnosed with cancer. Moreover, breast, prostate, lung, and bowel cancers, together, accounted for over half (53%) of all new cancer cases in the the country, in 2018. Each year, more than a third (36%) of all cancer cases, in the country, are diagnosed in people aged 75 years and over. Incidence rates for all cancers combined, in the United Kingdom, are the highest in people aged between 85 and 89 years. Thus, diagnostic imaging plays a vital role in oncology as tools, such as CT, are the highly beneficial and preferred method of imaging for many conditions.

By End User

Based on end users, UK market is segmented into Hospital, Daignostics Centres and Others. Diagnostics Centres contributes maximum percentages in UK market share.

Top Major Players:

Some of the players operating in the UK Healthcare Diagnostic market include Carestream Health Inc., Esaote SpA, Fujifilm Holdings Corporation, GE Healthcare, Hitachi, Ltd., Hologic Inc., Koninklijke Philips N.V., Shimadzu Corporation, Siemens Healthineers, Sonosite Inc.

The market players are focusing on R&D to develop the technologically advanced products to reduce the cost and side effects associated with the products. The barriers for the new entrants are high in this industry, and hence few major market players hold the maximum market share.

The report delivers the challenges in front of the United Kingdom Healthcare Diagnostic Market 2023 that allows a better understanding of the market providing a helpful comprehensive evaluation and clear-cut dynamics associated with this market. The analyst has studied the current market scenario while concentrating on the new business objectives with the lucrative opportunities that are available. This report includes changes in customer requirements, customer preferences, and the vendor landscape in the industry with key factors that are expected to influence the overall dynamics of the United Kingdom Healthcare Diagnostics Market including the current trends, growth opportunities, restraints, and market drivers.

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Market Segmentation

By Modality:

The market is segmented based on modality into MRI, Computed Tomography, Ultrasound, X-Ray, Nuclear Imaging, Fluoroscopy, Mammography.

By Application:

Based on application, UK market is segmented into Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology and other applicants. Oncology is expected to show a lucrative growth in the Disease Application Type. It deals with diagnosis and treatment of tumors and cancers, which is one the leading causes of morbidity and mortality. According to the Cancer Research UK, there are more than 367,167 new cancer cases in the United Kingdom every year, which is nearly 990 every day.

Every two minutes, someone in the United Kingdom is diagnosed with cancer. Moreover, breast, prostate, lung, and bowel cancers, together, accounted for over half (53%) of all new cancer cases in the the country, in 2018. Each year, more than a third (36%) of all cancer cases, in the country, are diagnosed in people aged 75 years and over. Incidence rates for all cancers combined, in the United Kingdom, are the highest in people aged between 85 and 89 years. Thus, diagnostic imaging plays a vital role in oncology as tools, such as CT, are the highly beneficial and preferred method of imaging for many conditions.

By End User

Based on end users, UK market is segmented into Hospital, Daignostics Centres and Others. Diagnostics Centres contributes maximum percentages in UK market share.

Top Major Players:

Some of the players operating in the UK Healthcare Diagnostic market include Carestream Health Inc., Esaote SpA, Fujifilm Holdings Corporation, GE Healthcare, Hitachi, Ltd., Hologic Inc., Koninklijke Philips N.V., Shimadzu Corporation, Siemens Healthineers, Sonosite Inc.

The market players are focusing on R&D to develop the technologically advanced products to reduce the cost and side effects associated with the products. The barriers for the new entrants are high in this industry, and hence few major market players hold the maximum market share.

The United Kingdom Healthcare Diagnostic Market report is an easy-to-understand document giving section-wise details about the global market. Starting with the brief outline of the overall market, it will put forth the all-inclusive evaluated market statistics and different parameters for the forecast period. The report covers numerous aspects of the United Kingdom Healthcare Diagnostic market divided into product kind, application, and end-use, offering the report to assist the customers in improving their ability to make precise decisions related to the business under the United Kingdom Healthcare Diagnostic Market.

International Market Players will use the correct market facts and figures and applied math studies provided within the report back to perceive this and future growth of the worldwide Electrophoretic United Kingdom Healthcare Diagnostic market. Each section of the research study is specially prepared to explore key aspects of the global United Kingdom Healthcare Diagnostic Market. Buyers of the report will have access to accurate PESTLE, SWOT, and other types of analysis on the global United Kingdom Healthcare Diagnostic market. Moreover, it offers highly accurate estimations on the CAGR, market share, and market size of key regions and countries.

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• Conceptualize scenario-based planning to mitigate future crisis situations.

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Strategic Points Covered in Table of Content of Global United Kingdom Healthcare Diagnostic Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the United Kingdom Healthcare Diagnostic market
Chapter 2: Exclusive Summary - the basic information of the United Kingdom Healthcare Diagnostic Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the United Kingdom Healthcare Diagnostic
Chapter 4: Presenting the United Kingdom Healthcare Diagnostic Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the United Kingdom Healthcare Diagnostic market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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