UK Lateral Flow Assays Market Size & Outlook, 2023-2030
UK lateral flow assays market, 2018-2030 (US$M)
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UK lateral flow assays market highlights
- The UK lateral flow assays market generated a revenue of USD 370.2 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 5% from 2024 to 2030.
- In terms of segment, kits & reagents was the largest revenue generating product in 2023.
- Kits & Reagents is the most lucrative product segment registering the fastest growth during the forecast period.
Lateral flow assays market data book summary
| Market revenue in 2023 | USD 370.2 million |
| Market revenue in 2030 | USD 521.5 million |
| Growth rate | 5% (CAGR from 2023 to 2030) |
| Largest segment | Kits & reagents |
| Fastest growing segment | Kits & Reagents |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Kits & Reagents, Lateral Flow Readers |
| Key market players worldwide | Abbott Laboratories, Thermo Fisher Scientific Inc, Roche, Bio-Rad Laboratories Inc, BioMerieux SA, QuidelOrtho Corp, Hologic Inc, PerkinElmer, Merck KGaA, BD, Siemens Healthineers AG ADR, Danaher Corp, Qiagen NV |
Other key industry trends
- In terms of revenue, UK accounted for 3.6% of the global lateral flow assays market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK lateral flow assays 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 521.5 million by 2030.
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Lateral Flow Assays Market Scope
Lateral Flow Assays Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK lateral flow assays 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 lateral flow assays market will help companies and investors design strategic landscapes.
Kits & reagents was the largest segment with a revenue share of 67.77% in 2023. Horizon Databook has segmented the UK lateral flow assays market based on kits & reagents, lateral flow readers covering the revenue growth of each sub-segment from 2018 to 2030.
Increase in the number of veterinary infectious disease awareness programs conducted by the government and academic institutes in the UK is expected to fuel the market during the forecast period.
For instance, researchers from the School of Veterinary Medicine at the University of Surrey worked along with an international team, which includes scientists from the CDC, Animal and Plant Health Agency, State Veterinary Service, and Azerbaijan Republican Veterinary Laboratory and Washington State University, to launch a public health campaign by distributing leaflets and posters, as well as text messages to increase the understanding & knowledge of infectious diseases in the region of Azerbaijan.
To increase the effectiveness of the campaign, researchers worked with about 600 households, increasing their knowledge about rabies. Thus, rise in such initiatives are anticipated to boost the adoption of lateral flow assays for the detection of infectious diseases in animals in the near future.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK lateral flow assays market , including forecasts for subscribers. This country databook contains high-level insights into UK lateral flow assays market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK lateral flow assays market size, by product, 2018-2030 (US$M)
UK Lateral Flow Assays Market Outlook Share, 2023 & 2030 (US$M)
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