Sweden Point-of-care Molecular Diagnostics Market Size & Outlook
Sweden point-of-care molecular diagnostics market, 2018-2030 (US$M)
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Sweden point-of-care molecular diagnostics market highlights
- The Sweden point-of-care molecular diagnostics market generated a revenue of USD 31.7 million in 2023 and is expected to reach USD 43.7 million by 2030.
- The Sweden market is expected to grow at a CAGR of 4.7% 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 31.7 million |
| Market revenue in 2030 | USD 43.7 million |
| Growth rate | 4.7% (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, Sweden accounted for 0.6% 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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Sweden 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 93.69% in 2023. Horizon Databook has segmented the Sweden 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.
Cancer is one of the leading causes of mortality in Sweden. According to Globocan 2020, 24,464 cancer deaths occurred in the country, and approximately 62,494 new cancer cases were diagnosed. The Swedish government introduced the new EU Cancer Plan to reduce the burden of cancer. This plan emphasized improving the treatment of cancer.
This was expected to improve the demand for molecular diagnostics for use in cancer over the forecast period. However, the negative CAGR of the market is attributable to the impact of COVID-19. The country’s precision medicine industry has received significant investments recently.
For instance, in September 2021, Swedish national infrastructure Genomic Medicine Sweden (GMS) received USD 25.6 million in funding for developing precision medicine therapeutics. Such strategies are likely to improve the demand for molecular diagnostics for clinical studies in the country.
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Target buyers of Sweden 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 Sweden point-of-care molecular diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into Sweden point-of-care molecular diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Sweden point-of-care molecular diagnostics market size, by application, 2018-2030 (US$M)
Sweden Point-of-Care Molecular Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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