Spain Point-of-care Molecular Diagnostics Market Size & Outlook
Spain point-of-care molecular diagnostics market, 2018-2030 (US$M)
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Spain point-of-care molecular diagnostics market highlights
- The Spain point-of-care molecular diagnostics market generated a revenue of USD 108.1 million in 2023 and is expected to reach USD 152.0 million by 2030.
- The Spain market is expected to grow at a CAGR of 5% 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.
Point-of-care molecular diagnostics market data book summary
| Market revenue in 2023 | USD 108.1 million |
| Market revenue in 2030 | USD 152.0 million |
| Growth rate | 5% (CAGR from 2023 to 2030) |
| Largest segment | Infectious diseases |
| Fastest growing segment | Oncology |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Spain accounted for 2.1% of the global point-of-care molecular diagnostics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany point-of-care molecular diagnostics market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 167.0 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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Spain 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 93.62% in 2023. Horizon Databook has segmented the Spain 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.
Spain’s POC molecular diagnostics market is expected to register significant growth over the forecast period owing to strategies being implemented along with funding initiatives undertaken by key companies & several associations to promote POCT in the country. For instance, in July 2019, EIT Health Spain stated that 15 startup companies were selected for 2019 Head start support, which involves mentoring, funding, and networking opportunities for them.
Among these 15 startup firms, Moirai Biodesign is a biotechnology company focused on developing an end-to-end, near-patient, affordable, and fast molecular diagnostics platform, Kloto-DX, used for the determination of the etiology of sepsis. This initiative supported the development of the Kloto-DX kit in POC settings, thereby boosting the company’s growth in Spain.
As per WHO, the country witnessed more than 11 million COVID-19 cases between January 2020 and May 2022, leading to around 104,000 deaths. This is anticipated to offer lucrative opportunities for testing kit manufacturers in Spain.
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Target buyers of Spain 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 country-level data and insights on the Spain point-of-care molecular diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into Spain point-of-care molecular diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain point-of-care molecular diagnostics market size, by application, 2018-2030 (US$M)
Spain Point-of-Care Molecular Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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