As of 2023, the UK's import volume of composite diagnostic or laboratory reagents stood at an estimated 22.334 million kilograms. The forecast for 2024 shows an import volume of 22.774 million kilograms, marking a 1.97% increase. Beyond that, a steady increase is projected annually, with imports anticipated to rise by 2.17% in 2025, 2.08% in 2026, 2.0% in 2027, and 1.91% by 2028. The Compound Annual Growth Rate (CAGR) over this five-year period is approximately 2.03%, indicating consistent growth.
Future trends to watch for include:
- Advancements in diagnostic technologies that may spur increased demand for reagents.
- Potential trade policies post-Brexit that could impact import volumes.
- Shifts in global supply chains affecting reagent availability and costs.
