UK Laboratory Proficiency Testing Market Size & Outlook
UK laboratory proficiency testing market, 2018-2030 (US$M)
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UK laboratory proficiency testing market highlights
- The UK laboratory proficiency testing market generated a revenue of USD 63.3 million in 2023 and is expected to reach USD 93.7 million by 2030.
- The UK market is expected to grow at a CAGR of 5.8% from 2024 to 2030.
- In terms of segment, clinical diagnostics was the largest revenue generating industry in 2023.
- Cannabis is the most lucrative industry segment registering the fastest growth during the forecast period.
Laboratory proficiency testing market data book summary
| Market revenue in 2023 | USD 63.3 million |
| Market revenue in 2030 | USD 93.7 million |
| Growth rate | 5.8% (CAGR from 2023 to 2030) |
| Largest segment | Clinical diagnostics |
| Fastest growing segment | Cannabis |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Clinical Diagnostics, Pharmaceuticals, Microbiology, Cannabis |
| Key market players worldwide | LGC Group, Bio-Rad Laboratories Inc, Randox, Merck KGaA, Randox Biosciences, QACS International, Weqas, BIPEA, NSI Lab Solutions, Absolute Standards, Instand |
Other key industry trends
- In terms of revenue, UK accounted for 4.6% of the global laboratory proficiency testing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany laboratory proficiency testing market is projected to lead the regional market in terms of revenue in 2030.
- Sweden is the fastest growing regional market in Europe and is projected to reach USD 7.8 million by 2030.
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Laboratory Proficiency Testing Market Scope
Laboratory Proficiency Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK laboratory proficiency testing 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 laboratory proficiency testing market will help companies and investors design strategic landscapes.
Clinical diagnostics was the largest segment with a revenue share of 33.65% in 2023. Horizon Databook has segmented the UK laboratory proficiency testing market based on clinical diagnostics, pharmaceuticals, microbiology, cannabis covering the revenue growth of each sub-segment from 2018 to 2030.
The UK is one of the leading market shareholders in the European market. According to the UK BioIndustry Association (BIA), the UK’s life sciences ecosystem raised over USD 1.71 billion in 2019.
Furthermore, in 2019, Cancer Research UK announced biotech investment fund of USD 263 million. This can allow companies to focus on the development of cancer treatments. These factors indicate improving R&D in the country, which is likely to boost the demand for biopharmaceutical and pharmaceutical laboratory proficiency testing.
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Target buyers of UK laboratory proficiency testing market databook
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Our clientele includes a mix of laboratory proficiency testing market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK laboratory proficiency testing market , including forecasts for subscribers. This country databook contains high-level insights into UK laboratory proficiency testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK laboratory proficiency testing market size, by industry, 2018-2030 (US$M)
UK Laboratory Proficiency Testing Market Outlook Share, 2023 & 2030 (US$M)
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