Cyprus Laboratory Industry Outlook 2022 - 2026

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.

Cyprus Laboratory Market Data and Forecasts

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• Chromatography Trends: Revolutionizing Diverse Sectors Through Research, Analysis, and Forecasting Techniques

  Chromatography, a laboratory technique for the separation of mixtures, plays a critical role in various industries such as pharmaceuticals, food and beverages, biotechnology, and environmental testing. Thereupon, its significance cannot be stressed enough. The detailed and precise analysis that chromatography offers enables these sectors to regulate quality, ensure safety, and...

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• Laboratory Informatics: An Examination of Industry Trends and Global Market Influence

  Confluence of factors such as technological advancements, competitive dynamics, regulatory environment changes, and an increasing need for efficient data management in laboratories has catalyzed the trending adoption of Laboratory Informatics solutions globally. The implementation of these tools helps automate and streamline lab procedures, providing a boost in productivity and accuracy....

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• Chromatography Market Dynamics: Assessing Trends in Reagents and Accessories

  The chromatography reagents are in rising demand due to their essential role in various fields, including pharmaceuticals, biotechnology, and environmental testing. This growth is driven by increased research activities involving complex biological molecules, and the escalation in disease diagnosis and drug discovery. Nevertheless, wide adoption of these reagents is moderately...

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• Medical Laboratories: Navigating the intersections of Toxicology Testing and Market Transformations

  Medical laboratories, providing critical support to healthcare practices, are undergoing significant changes due to market transformations. Technological advancements, regulatory shifts, and changing patient demands are ushering an era of swift evolution, creating profound impacts on laboratories operating models. Among services, toxicology testing emerges as a particularly affected domain with both...

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• Healthcare Technology: Unveiling The Future of Central Lab in a Dynamic Global Context

  Central Labs, the cornerstone of healthcare system diagnostic work, are being profoundly influenced by global economic and socio-demographic trends. Increased healthcare spending, aging populations, widespread chronic disease management and a rising middle class in emerging markets, all contribute towards a growing demand for high-quality, accurate and swift diagnostic services. Added...

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