UK Laboratory Supplies Market Size & Outlook, 2023-2030
UK laboratory supplies market, 2018-2030 (US$M)
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UK laboratory supplies market highlights
- The UK laboratory supplies market generated a revenue of USD 2,523.9 million in 2023 and is expected to reach USD 4,548.6 million by 2030.
- The UK market is expected to grow at a CAGR of 8.8% from 2024 to 2030.
- In terms of segment, equipment was the largest revenue generating product in 2023.
- Disposables is the most lucrative product segment registering the fastest growth during the forecast period.
Laboratory supplies market data book summary
| Market revenue in 2023 | USD 2,523.9 million |
| Market revenue in 2030 | USD 4,548.6 million |
| Growth rate | 8.8% (CAGR from 2023 to 2030) |
| Largest segment | Equipment |
| Fastest growing segment | Disposables |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Equipment, Disposables |
| Key market players worldwide | Agilent Technologies Inc, Bio-Rad Laboratories Inc, Bruker Corp, Danaher Corp, FUJIFILM Holdings Corp, PerkinElmer, Sartorius AG, Shimadzu Corp, Thermo Fisher Scientific Inc, Waters Corp |
Other key industry trends
- In terms of revenue, UK accounted for 6.1% of the global laboratory supplies market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany laboratory supplies market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 4,548.6 million by 2030.
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Laboratory Supplies Market Scope
Laboratory Supplies Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK laboratory supplies 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 supplies market will help companies and investors design strategic landscapes.
Equipment was the largest segment with a revenue share of 62.58% in 2023. Horizon Databook has segmented the UK laboratory supplies market based on equipment, disposables covering the revenue growth of each sub-segment from 2018 to 2030.
In UK, research councils, such as Engineering and Physical Sciences Research Council (EPSRC); Biotechnology and Biological Sciences Research Council (BBSRC); Science and Technology Facilities Council (STFC); and Medical Research Council (MRC) provide investment to accelerate healthcare research, which is expected to have a positive impact on market growth of this country.
Such supportive government initiatives are also anticipated to facilitate market growth by increasing demand for laboratory equipment required in clinical trials and preclinical research. In March 2020, the British government announced a 15% increase in public funding for R&D to strengthen the country’s basic research innovation, ensuring that UK maintains its status as a global science leader.
Moreover, foreign funding for R&D in the UK also witnessed an increase of 1.4% in 2019, depicting the countries stronghold on innovative activities and services. The UK comprises nearly 1,376 research labs and CROs, which require advanced lab equipment & supplies to carry out their research activities with accuracy. These factors are anticipated to aid market growth.
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Our clientele includes a mix of laboratory supplies 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 supplies market , including forecasts for subscribers. This country databook contains high-level insights into UK laboratory supplies market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK laboratory supplies market size, by product, 2018-2030 (US$M)
UK Laboratory Supplies Market Outlook Share, 2023 & 2030 (US$M)
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