Key Market Indicators
Export of diagnostic reagents from Singapore is expected to reach $2.1 billion by 2026, up from $1.7 billion in 2021. This represents an annual growth rate of 3.4%. Since 1994, the supply from Singapore has increased by an average of 9.5% each year. In 2021, the UK was the leader in this sector, with exports of $1.7 billion, followed by Germany, the Netherlands, and the UK in second, third, and fourth places respectively. Import of diagnostic reagents in Singapore is projected to reach $896 million by 2026, up from $729 million in 2021. This translates to an annual growth rate of 3.3%. Since 1994, the demand in Singapore has increased by an average of 14.7% each year. In 2021, South Korea was the leader in this field, with imports of $729 million, followed by Germany, China, and the Netherlands in second, third, and fourth places respectively.
