The sold production of composite diagnostic or laboratory reagents in the UK has shown fluctuations from 2013 to 2023. From 2013 to 2015, there was a notable increase in value, peaking in 2015. However, there was a significant drop in 2016, followed by some recovery in the subsequent years. By 2023, the value stood at 892.48 million Euros, an incremental growth compared to the previous years. The year-on-year growth for 2023 was 0.81%, with a five-year CAGR of 2.73%.
Future trends to watch for include:
- Steady year-on-year growth between 0.65% and 0.81% as forecasted until 2028.
- Factors influencing demand, such as advancements in diagnostic technologies and regulatory changes.
- Potential impact of economic factors and government policies on healthcare funding.