Europe Biosensors Market Size & Outlook, 2022-2030

The biosensors market in Europe is expected to reach a projected revenue of US$ 11,507.9 million by 2030. A compound annual growth rate of 7.6% is expected of Europe biosensors market from 2023 to 2030.
Revenue, 2022 (US$M)
$6,427.9
Forecast, 2030 (US$M)
$11,507.9
CAGR, 2023 - 2030
7.6%
Report Coverage
Europe

Europe biosensors market highlights

  • The Europe biosensors market generated a revenue of USD 6,427.9 million in 2022.
  • The market is expected to grow at a CAGR of 7.6% from 2023 to 2030.
  • In terms of segment, electrochemical was the largest revenue generating technology in 2022.
  • Electrochemical is the most lucrative technology segment registering the fastest growth during the forecast period.
  • Country-wise, Italy is expected to register the highest CAGR from 2023 to 2030.


Europe data book summary

Market revenue in 2022USD 6,427.9 million
Market revenue in 2030USD 11,507.9 million
Growth rate7.6% (CAGR from 2022 to 2030)
Largest segmentElectrochemical
Fastest growing segmentElectrochemical
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationThermal, Electrochemical, Piezoeletric, Optical
Key market players worldwideBio-Rad Laboratories Inc, Medtronic PLC, Abbott Laboratories, Biosensors, Pinnacle Financial Partners Inc, DuPont Nutrition & Biosciences, Johnson & Johnson, Koninklijke Philips NV, Nova Biomedical, Koch Industries, TDK Corp, Siemens AG


Other key industry trends

  • In terms of revenue, Europe region accounted for 23.9% of the global biosensors market in 2022.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • MEA is the fastest growing regional market and is projected to reach USD 4,712.8 million by 2030.

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Biosensors Market Companies

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Europe biosensors market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biosensors market will help companies and investors design strategic landscapes.


Electrochemical was the largest segment with a revenue share of 70.79% in 2022. Horizon Databook has segmented the Europe biosensors market based on thermal, electrochemical, piezoeletric, optical covering the revenue growth of each sub-segment from 2018 to 2030.


Increasing geriatric population and rising prevalence of chronic diseases in the region are some of the major drivers of the market. In addition, increasing acceptance of POC diagnostic kits and government contracts contributing toward the development of PoC diagnostic equipment are expected to fuel the market growth. Furthermore, presence of favorable government initiatives and rapid development of independent diagnostic centers are anticipated to propel the market growth over the forecast period.

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Target buyers of Europe biosensors market databook

  • Our clientele includes a mix of biosensors market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe biosensors market , including forecasts for subscribers. This continent databook contains high-level insights into Europe biosensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Europe biosensors market size, by country, 2018-2030 (US$M)

Europe Biosensors Market Outlook Share, 2022 & 2030 (US$M)

Europe biosensors market size, by country, 2018-2030 (US$M)

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