United Kingdom Diagnostic Labs Market to Grow with Increasing Investment

United Kingdom Diagnostic Labs Market is anticipated to grow with rising chronic disease instances, in the forecast period, 2023-2027F.

According to TechSci Research report on, “United Kingdom Diagnostic Labs Market - By Region, Competition Forecast & Opportunities, 2027”, United Kingdom diagnostic labs market might register an impressive CAGR during the forecast period, 2023-2027, to establish growth due to factors like growing instances of chronic diseases among the population of the country. Rising geriatric population that is highly susceptible to chronic diseases and infectious diseases and therefor surge the demands for diagnosis and thus drives the growth of the United Kingdom diagnostic labs market in the upcoming five years. Increasing numbers of healthcare experts such as highly qualified staff, volunteers, diagnostic experts, etc. also aid to the growth of the United Kingdom diagnostic labs market in the next five years. The United Kingdom healthcare industry is highly functional with the support of National Health Services (NHS) and Public Health England (PHE). For the advancement in the healthcare and diagnostic services, the authority bodies are highly investing in the advancement & development of the healthcare infrastructures like hospitals and diagnostic centers, that further aids the growth of the United Kingdom diagnostic labs market in the future five years. The diagnostic labs industry in the country may have experienced hindrances in its growth due to factors like supply disturbances due to China’s COVID-19 lockdown. After the extreme demands in the last two years, the sector experiences scarcity of laboratory resources along with hike in the cost of these resources pertaining to the worldwide growing demands. Moreover, the growth in the market is also influenced because of the technical advancement in the infrastructure. Technologically advanced products and highly developed equipment are utilized, online services to book the appointments, and receive the results through online modes, etc. have further enhanced the diagnostic services and thereby substantiating the growth of the United Kingdom diagnostic labs market in the forecast years through 2027.

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The United Kingdom diagnostic labs market is segmented by provider type, test type, end user, competitional landscape, and regional distribution. Based on provider type, the market is fragmented into hospital, stand-alone center, and diagnostic chains. Hospitals are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the grounds of increasing patient count in the recent year. Moreover, availability of the finances allows the development of advanced diagnostic segment in the infrastructure and thus aids the growth of the United Kingdom diagnostic labs market in the next five years. Stand alone centers are also expected to hold significant shares in the future five years on the grounds of increasing number of concerned populations. Growing awareness about the regular diagnostic tests and their advantage in identifying the diseases and infections in due time to access timely treatment, which is also aiding to the growth of the United Kingdom diagnostic labs market in the forecast period.

By test type, the market is differentiated between radiology and pathology. Pathology test type is anticipated to hold the largest revenue shares of the market and dominate the market segment due to increasing instances of infectious diseases. Rising concerns regarding evolving pathogens and severity of the diseases like COVID-19 is also aiding to the growth of the UAE diagnostic labs market in the next five years.Based on end user, the market is bifurcated into corporate clients, walk-ins, and referrals.

A partial list of major market players of the United Kingdom diagnostic labs market includes:

·         Acculabs Diagnostics UK Ltd

·         Medical Diagnosis Ltd

·         HCA UK Laboratories (HCA International Limited)

·         Cambridge Clinical Laboratories

·         London Medical Laboratory Limited

·         Sonic Healthcare

·         MD Laboratory

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“United Kingdom healthcare industry is one of the top 5 healthcare industries in the world. The highly qualified healthcare workers, advanced technology adoption, enhanced & improving healthcare services, along with the growing investment in the sector are responsible for the industrial growth in the country. National Health Service is the major healthcare provider in the country. The system works with the taxation system in the country that finances the healthcare industry and provides unbiased healthcare service to everyone in the country. Moreover, growing awareness about the diseases and advantage of early diagnosis guarantees the growth of the United Kingdom diagnostic labs market in the forecast period,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“United Kingdom Diagnostic Labs Market By Provider Type (Hospital, Stand-Alone Centre, Diagnostic Chains), By Test Type (Radiology v/s Pathology), By End User (Corporate Clients, Walk-ins, Referrals), By Region, Competition Forecast & Opportunities, 2027” has evaluated the future growth potential of United Kingdom diagnostic labs market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in United Kingdom diagnostic labs market.

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