Key Market Indicators
Irish demand for diagnostic reagents is projected to reach around $453 million by 2026, up from $395 million in 2021. This represents an average growth rate of 2.2% year on year since 1997. In 2021, Ireland ranked 20th in the world, with Poland coming in ahead at $394.8 million. Germany, China and the Netherlands followed in second, third and fourth place respectively. Irish exports of diagnostic reagents are set to reach $1.78 billion by 2026, up from $1.51 billion in 2021. This is an average annual growth rate of 2.6% since 1997. In 2021, Ireland came in sixth, with Singapore overtaking at $1.51 billion. Germany, the Netherlands and the United Kingdom followed in second, third and fourth place. The Irish diagnostic reagent market is expected to reach €1 billion by 2026, up from €840 million in 2021. This translates to an average annual growth rate of 2.8% since 2003. In 2021, the United Kingdom came in first, with Ireland at €840 million. The United Kingdom, Ireland and Sweden followed in second, third and fourth place.
