The UK life science instrumentation market is projected to grow at a significant CAGR of around 5.7% during the forecast period (2021-2027). Significant rise in the mortality rate due to the high incidence of cancer and chronic diseases in the region has been a major concern for the country. Many research institutes are carrying research to find innovative solutions to cure human diseases such as, cell culture, next-generation sequencing that further require various tools and instrumentation. Therefore, growth in the research activities in the country for the treatment of various chronic diseases such as cancer, CVD in the country further encourages the demand of life science instrumentation in the country.
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Overall, the colorectal cancer incidence is on rising in the country especially in men which may influence the need for cell culture techniques coupled with life science instrumentation. As per data of Office for National Statistics, between 2011 and 2016, a growth of 1.1% in total incidences of colorectal cancer has been observed whereas a down of 0.4% has been observed in the female. The incidence rate is going down; however, the total number of mortalities has been increased by nearly 4.8% combinedly in male and female. Additionally, per capita healthcare investment from the nation’s government and the public is higher than other emerging nations which aids in the significant market growth in the near future.
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Key questions addressed by the report
- What is the market growth rate during the forecast period?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market during the forecast period?
- How will COVID-19 impact the market growth in 2020 and the coming years?
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected segment
o Recommendations
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
UK Life Science Instrumentation Market – Segmentation
By Technology
- Chromatography
- Spectroscopy
- Polymerase Chain Reaction (PCR)
- Clinical Chemistry Analyzers
- Immunoassays
- Next-Generation Sequencing (NGS)
- Flow Cytometry
- Microscopy
- Others (Centrifuges, Electrophoresis)
By End-User
- Pharmaceutical & Biotechnology Companies
- Research Institutes
- Hospitals and Laboratories
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
