UK Graves’ disease market is growing at a CAGR of around 4.1% during the forecast period. Grave’s disease is one of the most prevalent autoimmune diseases across the UK. It is one of the leading causes of hyperthyroidism in the country. The disease is caused by a number of factors including the sedentary lifestyles, changing eating pattern, the prevalence of diabetes in the country are few of the key reasons which are expected to promote the demand of treatment and diagnostic services, which in turn increases the UK Graves’ disease market. The prevalence of diabetes has increased significantly in the UK. According to The British Diabetic Association 2017, nearly 3.7 million people were diagnosed with diabetes. Amongst this 10 %, people have type-1 diabetes. As the prevalence of such disease increases in the country, the risk associated with Grave’s disease is also increasing, thereby creating opportunities for the growth of the UK Graves’ disease market during the forecast period.
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Further, the prevalence of Grave’s’ disease is majorly amongst the age group of 19-54. According to Eurostat, the working-age population in the UK accounted for 64.4% of the overall population. The prevalence of Grave’s disease also increases with changes in unhealthy eating patterns and smoking practices. It is observed that smoking is one of the key reasons which promote the prevalence of Grave’s disease in the working-age population. The percentage of population smoking in the UK is majorly between the age group of 25-34. Owing to this, the prevalence of Grave’s disease is expected to increase, thereby creating opportunities for the growth of the UK Graves’ disease market.
In addition, government initiative including the European Thyroid Association that has laid down numerous guidelines for the treatment of Grave’s hyperthyroid is also augmenting the market growth. As technology advances, the adoption of the surgical process for the treatment of Grave’s disease is expected to increase significantly in the coming years. Owing to this the proportion of patients treated from thyroidectomy is more from the Grave’s disease. This is expected to promote the growth of the UK Graves’ disease market in the near future.
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UK Graves’ Disease Market Segmentation
By Diagnosis
- Ultrasound
- Imaging Tests
- Radioactive Iodine Uptake
- Blood Sample
By Treatment
- Anti- Thyroid Medication
- Radioactive Iodine Therapy
- Surgery
Company Profiles
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- Pfizer Inc.
- Sanofi SA
- Takeda Pharmaceutical Co. Ltd.
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