UK Point-of-care Molecular Diagnostics Market Size & Outlook
UK point-of-care molecular diagnostics market, 2018-2030 (US$M)
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UK point-of-care molecular diagnostics market highlights
- The UK point-of-care molecular diagnostics market generated a revenue of USD 116.0 million in 2023 and is expected to reach USD 167.0 million by 2030.
- The UK market is expected to grow at a CAGR of 5.3% from 2024 to 2030.
- In terms of segment, infectious diseases was the largest revenue generating application in 2023.
- Oncology is the most lucrative application segment registering the fastest growth during the forecast period.
Point-of-care molecular diagnostics market data book summary
| Market revenue in 2023 | USD 116.0 million |
| Market revenue in 2030 | USD 167.0 million |
| Growth rate | 5.3% (CAGR from 2023 to 2030) |
| Largest segment | Infectious diseases |
| Fastest growing segment | Oncology |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oncology, Prenatal Testing, Endocrinology, Other Applications, Hematology, Infectious Diseases |
| Key market players worldwide | Roche, Abbott Laboratories, Qiagen NV, Bayer AG, Nova Biomedical, Danaher Corp, Nipro Corp, Bio-Rad Laboratories Inc, Agilent Technologies Inc, BioMerieux SA, OraSure Technologies Inc, Abaxis |
Other key industry trends
- In terms of revenue, UK accounted for 2.2% of the global point-of-care molecular diagnostics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany point-of-care molecular diagnostics 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 167.0 million by 2030.
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Point-of-Care Molecular Diagnostics Market Scope
Point-of-Care Molecular Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK point-of-care molecular 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 point-of-care molecular diagnostics market will help companies and investors design strategic landscapes.
Infectious diseases was the largest segment with a revenue share of 93.45% in 2023. Horizon Databook has segmented the UK point-of-care molecular diagnostics market based on oncology, prenatal testing, endocrinology, other applications, hematology, infectious diseases covering the revenue growth of each sub-segment from 2018 to 2030.
Demand for innovative diagnostic and treatment products in the UK is expected to be higher owing to the rising prevalence of chronic diseases, the growing geriatric population, and the rising awareness levels of consumers. Though currently, molecular diagnostic services are not available in most parts of the country, initiatives taken by the National Health Services in training healthcare practitioners and funding for the same are expected to enhance the usage of PoC devices.
In addition, the application of molecular diagnostic tests in predicting and assessing the response of a drug and targeted drug delivery is expected to aid market growth during the forecast period. Government decisions regarding the privatization of the UK pathology and outsourcing are expected to change the market scenario during the forecast period.
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Target buyers of UK point-of-care molecular diagnostics market databook
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Our clientele includes a mix of point-of-care molecular 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 point-of-care molecular diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into UK point-of-care molecular diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
UK point-of-care molecular diagnostics market size, by application, 2018-2030 (US$M)
UK Point-of-Care Molecular Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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