Europe Point-of-care Molecular Diagnostics Market Size & Outlook
Europe point-of-care molecular diagnostics market, 2018-2030 (US$M)
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Europe point-of-care molecular diagnostics market highlights
- The Europe point-of-care molecular diagnostics market generated a revenue of USD 1,371.8 million in 2023.
- The market is expected to grow at a CAGR of 4.9% from 2024 to 2030.
- In terms of segment, infectious diseases was the largest revenue generating application in 2023.
- Oncology is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 1,371.8 million |
| Market revenue in 2030 | USD 1,917.8 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Infectious diseases |
| Fastest growing segment | Oncology |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oncology, Prenatal Testing, Endocrinology, Other Applications, Hematology, Infectious Diseases |
| Key market players worldwide | Roche, Abbott Laboratories, Qiagen NV, Bayer AG, Nova Biomedical, Danaher Corp, Nipro Corp, Bio-Rad Laboratories Inc, Agilent Technologies Inc, BioMerieux SA, OraSure Technologies Inc, Abaxis |
Other key industry trends
- In terms of revenue, Europe region accounted for 26.5% of the global point-of-care molecular 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 1,609.3 million by 2030.
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Point-of-Care Molecular Diagnostics Market Scope
Point-of-Care Molecular Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe point-of-care 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 point-of-care molecular diagnostics market will help companies and investors design strategic landscapes.
Infectious diseases was the largest segment with a revenue share of 93.64% in 2023. Horizon Databook has segmented the Europe point-of-care molecular diagnostics market based on oncology, prenatal testing, endocrinology, other applications, hematology, infectious diseases covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing prevalence of chronic diseases, along with an increasing demand for rapid diagnostics in the region, are some key factors driving the market growth. Furthermore, government initiatives toward the development of point-of-care diagnostics equipment are expected to fuel market growth. In addition, the launch of new products drives the growth of the market in the review period.
In July 2021, QuantuMDx Group Limited, a UK-based developer of advanced point-of-care diagnostics, introduced its Q-POC system - a rapid, PCR-based point-of-care diagnostic system. The system and its first test, a SARS-CoV-2 detection assay, have received CE-IVD marking under the In Vitro Diagnostics Directive (98/79/EC), allowing its use in Europe.
Q-POC is a portable PCR system that condenses an entire molecular diagnostic laboratory into a user-friendly, accessible, and cost-effective single device, providing quick molecular diagnostic results at the point of care within approximately 30 minutes. The system is designed to be utilized by front-line healthcare professionals and can be employed in various settings, including emergency rooms, ICUs, birthing centers, clinics, and pharmacies. This development aims to enhance accessibility and efficiency in point-of-care testing for healthcare providers and patients.
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Target buyers of Europe point-of-care molecular diagnostics market databook
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Our clientele includes a mix of point-of-care molecular 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 point-of-care molecular diagnostics market , including forecasts for subscribers. This continent databook contains high-level insights into Europe point-of-care molecular diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe point-of-care molecular diagnostics market size, by country, 2018-2030 (US$M)
Europe Point-of-Care Molecular Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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