Europe Respiratory Disease Testing Market Size & Outlook
Europe respiratory disease testing market, 2018-2030 (US$M)
Europe respiratory disease testing market highlights
- The Europe respiratory disease testing market generated a revenue of USD 2,088.8 million in 2023.
- The market is expected to grow at a CAGR of 2.2% from 2024 to 2030.
- In terms of segment, imaging tests was the largest revenue generating product in 2023.
- Imaging Tests is the most lucrative product segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 2,088.8 million |
| Market revenue in 2030 | USD 2,430.6 million |
| Growth rate | 2.2% (CAGR from 2023 to 2030) |
| Largest segment | Imaging tests |
| Fastest growing segment | Imaging Tests |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Imaging Tests |
| Key market players worldwide | Abbott Laboratories, Becton Dickinson & Co, Koninklijke Philips NV, ResMed Inc, Fisher & Paykel Healthcare Corp Ltd, Medtronic PLC, BioMerieux SA, Siemens Healthineers AG ADR, Carestream Health - HCIS business |
Other key industry trends
- In terms of revenue, Europe region accounted for 32.8% of the global respiratory disease testing 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 2,146.9 million by 2030.
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Respiratory Disease Testing Market Scope
Respiratory Disease Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe respiratory disease testing 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 respiratory disease testing market will help companies and investors design strategic landscapes.
Imaging tests was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Europe respiratory disease testing market based on imaging tests covering the revenue growth of each sub-segment from 2018 to 2030.
Market growth in this region can be attributed to an increase in incidence of infectious diseases, technological advancements, and proactive government initiatives. The government entities play a pivotal role in creating awareness among the people about the potential benefits of early diagnosis of infectious diseases.
In 2017, a new regulation was issued regarding IVD & medical devices in European countries, which is likely to be updated by 2022. The new regulation is expected to offer a more sustainable and robust framework for compliance of diagnostic devices.
Europe became the focal point in the novel coronavirus infection in early March 2020, with the disease spreading rapidly across the region. The geriatric population is at a high risk of infections, and the European region comprises large geriatric population; over 90.4 million people of the region’s population is aged over 65 years.
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Target buyers of Europe respiratory disease testing market databook
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Our clientele includes a mix of respiratory disease testing 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 respiratory disease testing market , including forecasts for subscribers. This continent databook contains high-level insights into Europe respiratory disease testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe respiratory disease testing market
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