Europe Cancer Diagnostics Market Size & Outlook, 2023-2030
Europe cancer diagnostics market, 2018-2030 (US$M)
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Europe cancer diagnostics market highlights
- The Europe cancer diagnostics market generated a revenue of USD 31,009.2 million in 2023.
- The market is expected to grow at a CAGR of 5.5% from 2024 to 2030.
- In terms of segment, consumables was the largest revenue generating product in 2023.
- Consumables is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 31,009.2 million |
| Market revenue in 2030 | USD 45,142.3 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Consumables |
| Fastest growing segment | Consumables |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Services, Instruments, Consumables |
| Key market players worldwide | Abbott Laboratories, Roche Holding AG, GE HealthCare Technologies Inc Common Stock, Qiagen NV, Becton Dickinson & Co, Koninklijke Philips NV, Siemens Healthineers AG ADR, Hologic Inc, Thermo Fisher Scientific Inc, Illumina Inc |
Other key industry trends
- In terms of revenue, Europe region accounted for 28.9% of the global cancer diagnostics market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 35,952.3 million by 2030.
Consumables was the largest segment with a revenue share of 59.99% in 2023. Horizon Databook has segmented the Europe cancer diagnostics market based on services, instruments, consumables covering the revenue growth of each sub-segment from 2018 to 2030.
Europe accounts for a considerable revenue share of the cancer diagnostics market due to the presence of developed economies, such as Germany, Spain, the UK, France, and Italy. These countries have advanced infrastructure, which is anticipated to significantly boost clinical research prospects in the region.
Moreover, the market growth can be attributed to a growing biotechnology industry and rising investments in genomic sequencing in countries such as the UK & Germany. In February 2022, Invitae introduced its LiquidPlex Dx and FusionPlex Dx Cancer Testing Kit with the CE Mark for use in Europe.
Neuroblastoma predominantly affects toddlers and young children, with approximately 1,500 new cases reported annually in the EU. This malignant tumor targets the peripheral nervous system, with around 50% of patients classified as high-risk cases. Recurrences are common, and conventional treatments often prove ineffective for young patients.
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Cancer Diagnostics Market Scope
Cancer Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe cancer diagnostics market size, by country, 2018-2030 (US$M)
Europe Cancer Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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