Key Market Indicators
The market for diagnostic reagents in the United Kingdom is set to reach €914 million by 2026, growing by 0.7% year on year on average. In 2021, the UK was the second-largest market in the world, overtaken by Germany at €878 million. Ireland, Sweden and the UK ranked second, third and fourth, respectively. The value of imports of diagnostic reagents in the UK is expected to reach $1.35 billion by 2026, rising on average by 1.2% year on year. Between 1998 and 2021, demand for such products had grown by 3.8% annually. In 2021 the UK was the seventh-largest importer in the world, overtaken by Italy at $1.26 billion. Germany, China and the Netherlands were ranked second, third and fourth, respectively. The value of exports of diagnostic reagents from the UK is anticipated to reach $2.05 billion by 2026, increasing at a rate of 0.9% year on year. Since 1998, the UK has seen an average increase of 2.4% annually in the supply of such products. In 2021, the Netherlands was the fourth-largest exporter in the world, ahead of the UK at $1.93 billion. Germany, the Netherlands and the UK ranked second, third and fourth, respectively.
