Europe Infectious Disease In Vitro Diagnostics Market Size & Outlook
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Europe infectious disease in vitro diagnostics market highlights
- The Europe infectious disease in vitro diagnostics market generated a revenue of USD 7,789.9 million in 2023.
- The market is expected to grow at a CAGR of -1.4% from 2024 to 2030.
- In terms of segment, reagents was the largest revenue generating product in 2023.
- Software Services is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Norway is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 7,789.9 million |
| Market revenue in 2030 | USD 7,076.6 million |
| Growth rate | -1.4% (CAGR from 2023 to 2030) |
| Largest segment | Reagents |
| Fastest growing segment | Software Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Reagents, Software Services |
| Key market players worldwide | Qiagen NV, Becton Dickinson & Co, BioMerieux SA, Roche Holding AG ADR, Hologic Inc, Abbott Laboratories, QuidelOrtho Corp, Siemens Healthineers AG ADR, Bio-Rad Laboratories Inc, Danaher Corp, OraSure Technologies Inc |
Other key industry trends
- In terms of revenue, Europe region accounted for 29.1% of the global infectious disease in vitro diagnostics market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 1,470.6 million by 2030.
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Infectious Disease In Vitro Diagnostics Market Scope
Infectious Disease In Vitro Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| OraSure Technologies Inc | View profile | 638 | 220 East First Street, Bethlehem, PA, United States, 18015 | https://www.orasure.com |
| Hologic Inc | View profile | 6990 | 250 Campus Drive, Marlborough, MA, United States, 01752 | http://www.hologic.com |
| Qiagen NV | View profile | 5900 | Hulsterweg 82, Venlo, LI, Netherlands, 5912 PL | https://www.qiagen.com |
| Bio-Rad Laboratories Inc | View profile | 8030 | 1000 Alfred Nobel Drive, Hercules, CA, United States, 94547 | https://www.bio-rad.com |
| QuidelOrtho Corp | View profile | 7100 | 9975 Summers Ridge Road, San Diego, CA, United States, 92121 | https://www.quidelortho.com |
| Danaher Corp | View profile | 63000 | 2200 Pennsylvania Avenue, N.W., Suite 800W, Washington, DC, United States, 20037-1701 | https://www.danaher.com |
| Siemens Healthineers AG ADR | View profile | 71400 | Siemensstr. 3, Forchheim, BY, Germany, 91301 | https://www.siemens-healthineers.com |
| BioMerieux SA | View profile | 13982 | Marcy l’Etoile, Lyon, France, 69280 | http://www.biomerieux.com |
| Becton Dickinson & Co | View profile | 73000 | 1 Becton Drive, Franklin Lakes, NJ, United States, 07417-1880 | https://www.bd.com |
| Abbott Laboratories | View profile | 114000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | https://www.abbottinvestor.com |
| Roche Holding AG ADR | View profile | 103605 | Grenzacherstrasse 124, Basel, Switzerland, 4070 | https://www.roche.com |
Europe infectious disease in vitro diagnostics 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 infectious disease in vitro diagnostics market will help companies and investors design strategic landscapes.
Reagents was the largest segment with a revenue share of 67.34% in 2024. Horizon Databook has segmented the Europe infectious disease in vitro diagnostics market based on instruments, reagents, software services covering the revenue growth of each sub-segment from 2018 to 2030.
Market growth in this region can be attributed to an increase in incidence of infectious diseases, technological advancements, and proactive government initiatives. Rise in geriatric population, coupled with a decrease in immunity levels, is expected to contribute to the growth of this market.
However, European economic crisis and presence of uneven reimbursement policies are restraining market growth. This region is the second largest regional market due to increase in understanding about the enormous potential of IVD infectious devices.
This has driven European firms to make considerable investments in the development of IVD devices and kits. Local presence of regulatory entities is expected to foster the growth of IVD infectious disease market in the near future.
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Target buyers of Europe infectious disease in vitro diagnostics market databook
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Our clientele includes a mix of infectious disease in vitro diagnostics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe infectious disease in vitro diagnostics market, including forecasts for subscribers. This continent databook contains high-level insights into Europe infectious disease in vitro diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe ivd infectious disease market size, by country, 2018-2030 (US$M)
Europe Infectious Disease In Vitro Diagnostics Market Share, 2024 & 2030 (US$M)
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