Top 10 EMEA labs groups made almost €8bn extra revenue in 2021
It’s no secret that the diagnostic labs sector benefitted immensely from testing during the Covid pandemic. But now that 2021 revenue figures are available for many of the largest groups, it is clear that the scale of the testing windfall has been larger than anyone in the sector imagined.
Click here to see our full list of the largest labs groups in EMEA and here to read our cross-national report on the sector, which is in the process of being updated, in HBI Intelligence.
The above infographic shows diagnostic testing revenue figures for the top 10 largest EMEA labs groups in our database, for 2019, 2020 and 2021. The combined revenue of the 10 groups in 2021 was almost double what it was in 2019 (in 2019 it was €8.6bn and in 2021 it was €16.3bn).
Most of the groups saw a more than €700m uplift in 2021. A few of the groups saw their diagnostic testing revenue more than double between 2019 and 2021. Synlab, which was already the largest of groups in 2019, saw its revenue grow by a wopping €1.5bn, to €3.3bn in 2021.
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