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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