Europe Paper Diagnostics Market Size & Outlook, 2023-2030
Europe paper diagnostics market, 2018-2030 (US$M)
Europe paper diagnostics market highlights
- An overview of the Europe paper diagnostics market trends heading towards 2030. The Europe market generated a revenue of USD 3,598.4 million in 2023.
- The overall growth of the Europe market from 2023 to 2030. The market is expected to grow at a CAGR of 5.9% from 2024 to 2030.
- A look at the Europe market revenues per segment in 2023. In terms of segment, hospitals & clinics was the largest revenue generating end use in 2023.
- The segment witnessing the fastest revenue growth within the market. Hospitals & Clinics is the most lucrative end use segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 3,598.4 million |
| Market revenue in 2030 | USD 5,376.5 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Hospitals & clinics |
| Fastest growing segment | Hospitals & Clinics |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hospitals & Clinics |
| Key market players worldwide | Arkray, ACON Laboratories, Abbott Laboratories, Bio-Rad Laboratories Inc, Siemens Healthineers AG ADR, Diagnostics For All, Navigene |
Other key industry trends
- In terms of revenue, Europe region accounted for 24.0% of the global paper 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 4,657.3 million by 2030.
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Paper Diagnostics Market Scope
Paper Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe paper 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 paper diagnostics market will help companies and investors design strategic landscapes.
Hospitals & clinics was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Europe paper diagnostics market based on hospitals & clinics covering the revenue growth of each sub-segment from 2018 to 2030.
Europe followed North America in paper diagnostics market share and the trend is anticipated to continue over the forecast period. The size of the market is justified by the contribution from developed European economies such as Germany, and the UK. Increasing demand for paper diagnostics is attributed to growing preference for home healthcare services due to rising geriatric population in the region.
Moreover, rising government initiatives to increase the adoption of paper diagnostics detection and monitoring devices led to increased adoption of the systems in the hospitals. For instance, advent of LAMP malaria diagnostic kits and nanocellulose based paper diagnostics devices and initiatives by Foundation for Innovative New Diagnostics (FIND).
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Our clientele includes a mix of paper 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 paper diagnostics market , including forecasts for subscribers. This continent databook contains high-level insights into Europe paper diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe paper diagnostics market
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