United Kingdom diagnostic labs market is anticipated to register growth with an impressive CAGR in the forecast period, 2023-2027, on the account of growing instances of infectious and chronic diseases among the population of the country. Affordable and government schemes promoting better healthcare services & structure also drives the growth of the United Kingdom diagnostic labs market in the upcoming five years. Moreover, growing healthcare infrastructures and enhanced investment in the sector promises the future growth of the United Kingdom diagnostic labs market in the next five years.
Diagnostic labs are the healthcare infrastructure specifically dedicated toward performing various physical and analytical tests to determine the physiological and anatomical changes in the human body. Multiple tests like blood analysis, urine analysis, serum tests, and other pathological tests are conducted. These tests determine the presence of microorganisms in the body that cause various infectious diseases or the changes in the constituent of the blood & plasma to diagnose diseases. Diagnostic labs are fully equipped with medical devices, equipment, tools & technology that enables the diagnostic expert to perform the tests. The diagnostic labs function independently or under the wing of hospitals and other healthcare centers. Increasing patient burden over the hospitals have enhanced the chances for the independent diagnostic labs to function unilaterally and rising awareness among the population toward regular health checkups benefit them for their business expansions.
Expanding Healthcare Sector Promises Market Growth
Rapid growth in the healthcare industry is a major driver responsible for the future growth of the United Kingdom diagnostic labs market in the upcoming five years. The market players draw benefit from the government aided expenses. The healthcare services in the country are functional majorly through National Healthcare Service (NHS) that finds financial stability through the tax system of the country. The public healthcare services in the country are otherwise free. Although growing private healthcare services that is opted by minority of the population of the country functions from the personal expenses of the patient.
The United Kingdom government expenses in the year 2020 was over USD350 billion that was 20% over the expenses of 2019. Further expenses are anticipated to grow in the upcoming five years owing to the growing economy of the country. The share of GDP attributed to healthcare rose to around 12.8% in 2020, from 10.2% in 2019. Recent incident of pandemic played a vital role in the expansion of the industry that ultimately affected the growth of the United Kingdom diagnostic labs market too. Direct costs of the pandemic, such as spending on new testing and tracing services and indirect costs to existing services, such as additional personal protective equipment for frontline healthcare workers, further substantiated the growth of the United Kingdom diagnostic labs market in the next five years.
Click here to download the sample
Market Segmentation
The United Kingdom diagnostic labs market is segmented by provider type, test type, end user, competitional landscape, and regional distribution.
Company Profile
Acculabs Diagnostics UK Ltd., Medical Diagnosis Ltd., HCA UK Laboratories (HCA International Limited), Cambridge Clinical Laboratories, London Medical Laboratory Limited, Sonic Healthcare, MD Laboratory
Attribute | Details |
Base Year | 2021 |
Historical Data | 2017 – 2020 |
Estimated Year | 2022 |
Forecast Period | 2023 – 2027 |
Quantitative Units | Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027 |
Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments covered | - Provider Type
- Test Type
- End User
|
Regional scope | London, Southeast, East Anglia, Scotland, Southwest, East Midlands, and Yorkshire & Humberside |
Key companies profiled | Acculabs Diagnostics UK Ltd., Medical Diagnosis Ltd., HCA UK Laboratories (HCA International Limited), Cambridge Clinical Laboratories, London Medical Laboratory Limited, Sonic Healthcare, MD Laboratory |
Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
