Europe Std Diagnostics Market Size & Outlook, 2023-2030
Europe std diagnostics market, 2017-2030 (US$M)
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Europe std diagnostics market highlights
- The Europe std diagnostics market generated a revenue of USD 2,580.7 million in 2023.
- The market is expected to grow at a CAGR of 6.5% from 2024 to 2030.
- In terms of segment, consumables (reagents and kits) was the largest revenue generating product in 2023.
- Consumables (Reagents and kits) is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 2,580.7 million |
| Market revenue in 2030 | USD 4,014.3 million |
| Growth rate | 6.5% (CAGR from 2023 to 2030) |
| Largest segment | Consumables (reagents and kits) |
| Fastest growing segment | Consumables (Reagents and kits) |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments & Services, Consumables (Reagents and kits), Softwares |
| Key market players worldwide | BD, Roche, Hologic Inc, Abbott Laboratories, Danaher Corp, Qiagen NV, OraSure Technologies Inc, Bio-Rad Laboratories Inc, BioMerieux SA, Thermo Fisher Scientific Inc, Seegene, Diasorin SpA |
Other key industry trends
- In terms of revenue, Europe region accounted for 26.1% of the global std 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 3,825.9 million by 2030.
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STD Diagnostics Market Scope
STD Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe std 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 std diagnostics market will help companies and investors design strategic landscapes.
Consumables (reagents and kits) was the largest segment with a revenue share of 70% in 2023. Horizon Databook has segmented the Europe std diagnostics market based on instruments & services, consumables (reagents and kits), softwares covering the revenue growth of each sub-segment from 2017 to 2030.
The growth can be attributed to increase in the incidence of STDs, rapid technological advancements, and proactive government initiatives.
However, presence of uneven reimbursement policy is expected to restrain market growth. This region is the second largest market due to increase in understanding about the enormous potential of STD diagnostic devices.
This has driven European firms to make considerable investments in development of IVD devices and kits. For instance, in April 2018, Curetis N.V. launched Unyvero UTI during European Congress of Clinical Microbiology and Infectious Diseases (ECCMID).
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Target buyers of Europe std diagnostics market databook
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Our clientele includes a mix of std diagnostics market companies, investment firms, advisory firms & academic institutions.
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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 std diagnostics market , including forecasts for subscribers. This continent databook contains high-level insights into Europe std diagnostics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Europe std diagnostics market size, by country, 2017-2030 (US$M)
Europe STD Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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