UK Rapid Medical Diagnostic Kits Market Size & Outlook
UK rapid medical diagnostic kits market, 2018-2030 (US$M)
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UK rapid medical diagnostic kits market highlights
- The UK rapid medical diagnostic kits market generated a revenue of USD 977.9 million in 2023 and is expected to reach USD 1,296.0 million by 2030.
- The UK market is expected to grow at a CAGR of 4.1% from 2024 to 2030.
- In terms of segment, otc rdt was the largest revenue generating product in 2023.
- OTC RDT is the most lucrative product segment registering the fastest growth during the forecast period.
Rapid medical diagnostic kits market data book summary
| Market revenue in 2023 | USD 977.9 million |
| Market revenue in 2030 | USD 1,296.0 million |
| Growth rate | 4.1% (CAGR from 2023 to 2030) |
| Largest segment | Otc rdt |
| Fastest growing segment | OTC RDT |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | OTC RDT, Professional RDT |
| Key market players worldwide | ACON Laboratories, Abbott Laboratories, BD, BioMerieux SA, Bio-Rad Laboratories Inc, Danaher Corp, Cardinal Health Inc, Creative Diagnostics, Roche, McKesson Corp, Meridian Bioscience, Trinity Biotech PLC ADR, Zoetis Inc Class A, Artron Bioresearch, Alfa Medical Group, BioNTech SE ADR, Sight Diagnostics |
Other key industry trends
- In terms of revenue, UK accounted for 5.1% of the global rapid medical diagnostic kits market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK rapid medical diagnostic kits 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 390.5 million by 2030.
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Rapid Medical Diagnostic Kits Market Scope
Rapid Medical Diagnostic Kits Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK rapid medical diagnostic kits 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 rapid medical diagnostic kits market will help companies and investors design strategic landscapes.
Otc rdt was the largest segment with a revenue share of 63.15% in 2023. Horizon Databook has segmented the UK rapid medical diagnostic kits market based on otc rdt, professional rdt covering the revenue growth of each sub-segment from 2018 to 2030.
According to Worldometer, as of June 10, 2020, there were 290,143 confirmed cases of COVID-19 in the UK, which led to around 41,128 deaths. In response to this pandemic, government agencies in the UK are focusing on mass COVID-19 testing and are undertaking various initiatives to boost testing rate in the country.
According to Department of Health and Social Care, on May 31, 2020, the UK reached the capacity of 200,000 tests per day. In April 2020, the University of Oxford, Omega Diagnostics, Abingdon Health, CIGA Healthcare, and BBI Solutions formed the UK Rapid Test Consortium (UK-RTC) to jointly develop COVID-19 lateral flow test.
The UK-RTC was established in response to the UK government’s request to manufacture novel COVID-19 lateral flow tests, which can be used at homecare settings. Thus, increasing number of government initiatives is anticipated to fuel the market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK rapid medical diagnostic kits market , including forecasts for subscribers. This country databook contains high-level insights into UK rapid medical diagnostic kits market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK rapid medical diagnostic kits market size, by product, 2018-2030 (US$M)
UK Rapid Medical Diagnostic Kits Market Outlook Share, 2023 & 2030 (US$M)
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