UK Covid-19 Diagnostics Market Size & Outlook, 2023-2030
UK covid-19 diagnostics market, 2020-2030 (US$M)
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UK covid-19 diagnostics market highlights
- The UK covid-19 diagnostics market generated a revenue of USD 3,041.0 million in 2023 and is expected to reach USD 521.5 million by 2030.
- The UK market is expected to grow at a CAGR of -22.3% from 2024 to 2030.
- In terms of segment, reagents & kits was the largest revenue generating product in 2023.
- Reagents & Kits is the most lucrative product segment registering the fastest growth during the forecast period.
Covid-19 diagnostics market data book summary
| Market revenue in 2023 | USD 3,041.0 million |
| Market revenue in 2030 | USD 521.5 million |
| Growth rate | -22.3% (CAGR from 2023 to 2030) |
| Largest segment | Reagents & kits |
| Fastest growing segment | Reagents & Kits |
| Historical data | 2020 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Reagents & Kits, Services |
| Key market players worldwide | Thermo Fisher Scientific Inc, Hologic Inc, Roche, PerkinElmer, Veredus Laboratories, QuidelOrtho Corp, Quest Diagnostics Inc, Luminex, Labcorp Holdings Inc, Abbott Laboratories, 1Drop Diagnostics, ADT Inc, Mylab Discovery Solutions, Neuberg Diagnostics, Aldatu Biosciences, altona Diagnostics GmbH |
Other key industry trends
- In terms of revenue, UK accounted for 9.2% of the global covid-19 diagnostics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK covid-19 diagnostics market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 115.0 million by 2030.
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COVID-19 Diagnostics Market Scope
COVID-19 Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK covid-19 diagnostics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to covid-19 diagnostics market will help companies and investors design strategic landscapes.
Reagents & kits was the largest segment with a revenue share of 67.52% in 2023. Horizon Databook has segmented the UK covid-19 diagnostics market based on instruments, reagents & kits, services covering the revenue growth of each sub-segment from 2020 to 2030.
According to the UK government, the country reached a capacity of 928,425 tests per day as of June 9, 2021. This high number indicates large-scale testing of COVID-19 suspects in the country. In addition, the UK health agencies approved Roche's SARS-CoV-2 serology assay for use in the country in May 2020.
The government is working with the company to speed up distribution and accelerate the testing process. Such initiatives by government bodies are anticipated to contribute to market growth. In March 2021, Omega Diagnostics and Global Access Diagnostics partnered with the UK government for the supply of COVID-19 lateral flow tests.
The companies are expected to manufacture 200 million antigen tests. Furthermore, Amazon and Boots have been delivering home test kits in the country since March 2020. To support COVID-19 testing, the government imported 400,000 diagnostic kits from South Korea in April 2020.
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Target buyers of UK covid-19 diagnostics market databook
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Our clientele includes a mix of covid-19 diagnostics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the UK covid-19 diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into UK covid-19 diagnostics market from 2020 to 2030, including revenue numbers, major trends, and company profiles.
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UK covid-19 diagnostics market size, by product, 2020-2030 (US$M)
UK COVID-19 Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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