Europe Molecular Diagnostics Market Size & Outlook
Europe molecular diagnostics market, 2018-2030 (US$M)
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Europe molecular diagnostics market highlights
- The Europe molecular diagnostics market generated a revenue of USD 13,368.1 million in 2023.
- The market is expected to grow at a CAGR of -12.9% from 2024 to 2030.
- In terms of segment, hospitals was the largest revenue generating end use in 2023.
- Home Care is the most lucrative end use 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 13,368.1 million |
| Market revenue in 2030 | USD 5,065.7 million |
| Growth rate | -12.9% (CAGR from 2023 to 2030) |
| Largest segment | Hospitals |
| Fastest growing segment | Home Care |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hospitals, Outpatient Facilities, Home Care |
| Key market players worldwide | Becton Dickinson & Co, BioMerieux SA, Bio-Rad Laboratories Inc, Abbott Laboratories, Agilent Technologies Inc, Danaher Corp, Hologic Inc, Illumina Inc, Grifols SA Ordinary Shares - Class A, Qiagen NV, Roche Holding AG, Siemens Healthineers AG ADR, Sysmex Corp |
Other key industry trends
- In terms of revenue, Europe region accounted for 27.3% of the global molecular 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 1,082.9 million by 2030.
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Molecular Diagnostics Market Scope
Molecular Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe molecular 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 molecular diagnostics market will help companies and investors design strategic landscapes.
Hospitals was the largest segment with a revenue share of 46.99% in 2023. Horizon Databook has segmented the Europe molecular diagnostics market based on hospitals, outpatient facilities, home care covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing prevalence of genetic and cardiovascular disorders and growing investments in proteomics & genomic research initiatives are expected to drive the market. However, the current European economic crisis and uneven reimbursement policies are market restraints. In 2017, a new regulation was issued regarding IVD & medical devices in European countries, updated in 2022.
The new regulation is expected to offer a more sustainable & robust framework for compliance with molecular diagnostic devices. Europe is the second-largest market for molecular diagnostics in terms of revenue share, which can be attributed to the presence of developed economies such as Germany, Turkey, the UK, France, and Italy.
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Our clientele includes a mix of molecular diagnostics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe molecular diagnostics market , including forecasts for subscribers. This continent databook contains high-level insights into Europe molecular diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe molecular diagnostics market size, by country, 2018-2030 (US$M)
Europe Molecular Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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