UK Cancer Diagnostics Market Size & Outlook, 2023-2030
UK cancer diagnostics market, 2018-2030 (US$M)
Related Markets
UK cancer diagnostics market highlights
- The UK cancer diagnostics market generated a revenue of USD 4,103.4 million in 2023 and is expected to reach USD 6,350.1 million by 2030.
- The UK market is expected to grow at a CAGR of 6.4% from 2024 to 2030.
- In terms of segment, consumables was the largest revenue generating product in 2023.
- Consumables is the most lucrative product segment registering the fastest growth during the forecast period.
Cancer diagnostics market data book summary
| Market revenue in 2023 | USD 4,103.4 million |
| Market revenue in 2030 | USD 6,350.1 million |
| Growth rate | 6.4% (CAGR from 2023 to 2030) |
| Largest segment | Consumables |
| Fastest growing segment | Consumables |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Services, Instruments, Consumables |
| Key market players worldwide | Abbott Laboratories, Roche Holding AG, GE HealthCare Technologies Inc Common Stock, Qiagen NV, Becton Dickinson & Co, Koninklijke Philips NV, Siemens Healthineers AG ADR, Hologic Inc, Thermo Fisher Scientific Inc, Illumina Inc |
Other key industry trends
- In terms of revenue, UK accounted for 3.8% of the global cancer diagnostics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany cancer diagnostics market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 9,637.9 million by 2030.
Consumables was the largest segment with a revenue share of 60.07% in 2023. Horizon Databook has segmented the UK cancer diagnostics market based on services, instruments, consumables covering the revenue growth of each sub-segment from 2018 to 2030.
The presence of sophisticated healthcare infrastructure, collaborations between key market players, and launch of novel products are anticipated to contribute to market growth in the UK. Government support & initiatives are expected to further propel the country’s cancer diagnostics market in the coming years.
Commercial partnerships between the government and key players for routine use of MCED tests in the country are likely to propel market growth further. For instance, in November 2020, GRAIL entered into a commercial partnership with the UK government for a - blood test.
This agreement was expected to enhance the company’s position in the market. Government bodies, such as the NHS, are undertaking measures to promote wide usage of these tests, make them cost-effective & available to everyone, save time, and reduce the risk of complications.
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Cancer Diagnostics Market Scope
Cancer Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK cancer diagnostics market size, by product, 2018-2030 (US$M)
UK Cancer Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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