UK Laboratory Equipment Market Size & Outlook, 2023-2030
UK laboratory equipment market, 2018-2030 (US$M)
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UK laboratory equipment market highlights
- The UK laboratory equipment market generated a revenue of USD 2,150.7 million in 2023 and is expected to reach USD 3,612.6 million by 2030.
- The UK market is expected to grow at a CAGR of 7.7% from 2024 to 2030.
- In terms of segment, general was the largest revenue generating product in 2023.
- General is the most lucrative product segment registering the fastest growth during the forecast period.
Laboratory equipment market data book summary
| Market revenue in 2023 | USD 2,150.7 million |
| Market revenue in 2030 | USD 3,612.6 million |
| Growth rate | 7.7% (CAGR from 2023 to 2030) |
| Largest segment | General |
| Fastest growing segment | General |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | General, Analytical, Clinical, Support, Specialty |
| Key market players worldwide | Sartorius AG, Bio-Rad Laboratories Inc, FUJIFILM Holdings Corp, Thermo Fisher Scientific Inc, Agilent Technologies Inc |
Other key industry trends
- In terms of revenue, UK accounted for 7.2% of the global laboratory equipment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK laboratory equipment 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 2,820.6 million by 2030.
General was the largest segment with a revenue share of 35.85% in 2023. Horizon Databook has segmented the UK laboratory equipment market based on general, analytical, clinical, support, specialty covering the revenue growth of each sub-segment from 2018 to 2030.
In the UK, research councils, such as Medical Research Council; Engineering and Physical Sciences Research Council; Biotechnology and Biological Sciences Research Council; and Science and Technology Facilities Council; provide investment to boost healthcare research, which is expected to have a positive impact on market growth.
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Laboratory Equipment Market Scope
Laboratory Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK laboratory equipment market size, by product, 2018-2030 (US$M)
UK Laboratory Equipment Market Outlook Share, 2023 & 2030 (US$M)
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