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Cyprus Laboratory Industry Outlook 2022 - 2026

See how Cyprus Laboratory performed compared to key markets such as Germany, France and Spain.

Key Market Indicators

Expenditure on laboratories in Cyprus is expected to reach €111 million by 2026. This is an increase of 1.3% each year since 2021, when spending was recorded at €103 million. Since 2015, demand for laboratory services has grown by 5.5% each year. In 2021, Cyprus was the 20th biggest spender in this sector, overtaken by Estonia at €103 million. France, Spain and Switzerland took the top three spots in the ranking.

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Cyprus Laboratory Market Data and Forecasts