Europe In-Vitro Diagnostics Market Forecast Report by Test Types (ELISA & CLIA, PCR, Rapid Test, Fluorescence Immunoassays (FIA), In Situ Hybridization, Transcription Mediated Amplification, Sequencing, Colorimetric Immunoassay, Radioimmunoassay (RIA), Isothermal Nucleic Acid Amplification Technology, Others) Product (Services, Instruments, Reagents) Application (Infectious Disease, Diabetes, Cardiology, Oncology, Nephrology, Autoimmune Diseases, Drug Testing, Other Applications) Technology (Immunoassay, Clinical Chemistry, Molecular Diagnostics/Genetics, Hematology, Microbiology, Coagulation, Others) End User (Hospitals, Laboratories, Home - Care, Others) Countries and Company Analysis, 2024-2032
Buy NowEurope In-Vitro Diagnostics Market Analysis
Europe In-Vitro Diagnostics Market was US$ 22.40 Billion in 2023 and will grow US$ 32.93 Billion by 2032, with a CAGR of 4.37% from 2024 to 2032. The increasing incidence of infectious diseases, the growing need for point-of-care (PoC) and rapid diagnostics, the growing awareness of early disease diagnosis, the rising cost of healthcare, and the increasing funding for research activities are all factors contributing to the growth of the IVD market in Europe.
Europe In-Vitro Diagnostics Market Overview
The acronym for in vitro diagnostics is IVD. It's a diagnostic technique for illnesses, conditions, and infections. The term "in vitro" means "in glass," as these tests are typically conducted inside test tubes. Samples of human fluids are taken, including tissues, blood, and proteins. IVD is used to assess a person's health by looking for certain elements in these samples, such as bacteria and viruses. They are quite good at making accurate diagnoses, which aids in the treatment, prevention, or even cure of illnesses or other conditions. It's the initial stage in developing a plan of care appropriate for the diagnosis.
The IVD medical devices are designed, manufactured, and packed to reduce the risk posed by impurities and residues encountered during usage, storage, and transportation. With their shorter downtime, IVDs are recognized to provide Fast Results and have a wide range of applications. It permits the detection of various substances in each test by using multiple tests with variation testing. They take less time and are more economical. Their minimal potential to produce misleading results makes them dependable.
| Report Features | Details |
|
Base Year |
2023 |
|
Forecast Years |
2024 - 2032 |
|
Historical Years |
2019 - 2023 |
|
Market Size in 2023 |
US$ 22.40 Billion |
|
Market Forecast in 2032 |
US$ 32.93 Billion |
|
Market Growth Rate (2024-2032) |
4.37% |
Growth Factors in the Europe In-Vitro Diagnostics Industry
The Growing Chronic Illness Burden and Europe's Aging Population
One of the oldest populations in the world is found in Europe. The World Health Organization predicts that 40% of Europeans will be older than 60 by 2050. Alongside this aging population, chronic illnesses like diabetes, heart disease, and cancer are becoming more common. According to estimates from the European Heart Network, cardiovascular diseases alone cause about 3.9 million deaths in Europe each year, or over 45% of all deaths.
IVD instruments are essential for early diagnosis, monitoring, and management of such health issues. More than ever, IVD products and services that provide prompt and precise detection are essential. These diagnostics direct treatment strategies, improve patient management, and drastically lower related healthcare expenditures. Thus, the increasing prevalence of chronic diseases and the aging population together serve as major factors driving the European in-vitro diagnostics market.
Genomic profiling and personalized medicine
The collection, processing, and interpretation of ultrasonography images are being revolutionized by AI and ML, which will enhance patient outcomes, workflow effectiveness, and diagnostic accuracy. Artificial intelligence algorithms can reduce the time and effort required for manual ultrasound picture interpretation by automatically analyzing the images, detecting abnormalities, and providing quantitative values. AI-enabled ultrasound systems, for example, can use ultrasound pictures to estimate the risk of breast cancer, assess the severity of carotid artery stenosis, and automatically discover and classify liver diseases. In addition to improving diagnosis speed and accuracy, these AI-assisted tools lower inter-observer variability by standardizing the interpretation of ultrasound pictures in the market for ultrasound devices.
United Kingdom In-Vitro Diagnostics Market Overview:
The rise in point-of-care (POC) diagnostic tests and the increasing incidence of various chronic diseases in the UK are anticipated to fuel growth in the in-vitro diagnostics market. For example, in October 2022, Macmillan Cancer Support revised a report that predicted the number of new cancer cases in the United Kingdom will reach 3.5 million by 2025 and rise to 4 million by 2030.
Additionally, 3.99 million people in the UK were diagnosed with diabetes in 2021, and the figure is expected to rise to 4.14 million by 2030, according to the International Diabetes Federation (IDF). As a result, the increased prevalence of chronic illnesses is promoting the uptake of in-vitro diagnostics tools for early detection and bolstering industry expansion.
Moreover, the United Kingdom's healthcare infrastructure development is expected to make a substantial contribution to the nation's overall market growth. As to a 2022 Department of Health and Social Care article, the United Kingdom's New Hospital Programme aims to establish 48 new hospitals by 2030. The demand for in-vitro diagnostics goods in the United Kingdom is anticipated to be significantly impacted by the hospital, which is also the principal consumer of in-vitro devices.
Furthermore, because older adults have lowered immune responses, they are more susceptible to infections and age-related illnesses; this will lead to a rise in the burden of infectious and chronic diseases in the United Kingdom. For example, The World Bank estimates that in 2021 there were around 12.7 million people over the age of 65, a 1.4% rise from the year before. This is also predicted to boost the need for and uptake of IVD equipment, which would in due course propel the expansion of the nation's in-vitro diagnostics market.
Therefore, it is projected that the growing geriatric population in the United Kingdom, rising investment in improving healthcare infrastructure, and the increasing prevalence of chronic diseases will boost demand for and adoption of IVD devices and promote market growth.
Europe In-Vitro Diagnostics Market Company Overview
Some of the industry leaders seen in the Europe In-Vitro Diagnostics Market Includes Roche Diagnostics, Abbott Diagnostics, Siemens Healthineers, Danaher Corporation, Thermo Fisher Scientific, Sysmex Corporation.
Europe In-Vitro Diagnostics Market News
In March 2023, The CE mark was granted to MGI Tech Co., Ltd. for their DNBSeq-G99 sequencer, which is intended to be used for precise genetic material sequencing.
In December 2022, The Vidas Kube automated immunoassay system, which BioMérieux SA uses to diagnose infectious illnesses, immunochemistry, and food industry pathogens, has been granted the CE mark.
In September 2022, to increase the scope of its in-vitro diagnostics system product range, Noul Co., Ltd. was granted the CE-IVD mark for two next-generation diagnostic testing products: miLab Cartridge CER and miLab Cartridge BCM.
Test Types – Market breakup in 11 viewpoints:
- ELISA & CLIA
- PCR
- Rapid Test
- Fluorescence Immunoassays (FIA)
- In Situ Hybridization
- Transcription Mediated Amplification
- Sequencing
- Colorimetric Immunoassay
- Radioimmunoassay (RIA)
- Isothermal Nucleic Acid Amplification Technology
- Others
Product – Market breakup in 3 viewpoints:
- Services
- Instruments
- Reagents
Application – Market breakup in 8 viewpoints:
- Infectious Disease
- Diabetes
- Cardiology
- Oncology
- Nephrology
- Autoimmune Diseases
- Drug Testing
- Other Applications
Technology– Market breakup in 7 viewpoints:
- Immunoassay
- Clinical Chemistry
- Molecular Diagnostics/Genetics
- Hematology
- Microbiology
- Coagulation
- Others
End Users – Market breakup in 4 viewpoints:
- Hospitals
- Laboratories
- Home - Care
- Others
Country – Market breakup in 32 viewpoints:
Europe
- Germany
- France
- Italy
- Spain
- Netherlands
- Greece
- Portugal
- Belgium
- Sweden
- Austria
- Denmark
- Finland
- Ireland
- Luxembourg
- Poland
- Romania
- Czechia
- Hungary
- Bulgaria
- Slovakia
- Croatia
- Lithuania
- Latvia
- Slovenia
- Estonia
- Cyprus
- Malta
- Switzerland
- Norway
- Iceland
- United Kingdom
- Turkey
All the Key players have been covered from 5 Viewpoints:
- Overviews
- Key Person
- Recent Developments
- Product Portfolio & Product Launch in Last 1 Year
- Revenue
Company Analysis:
- Roche Diagnostics
- Abbott Diagnostics
- Siemens Healthineers
- Danaher Corporation
- Thermo Fisher Scientific
- Sysmex Corporation
Report Details:
| Report Features | Details |
| Base Year |
2023 |
| Historical Period |
2019 - 2023 |
| Forecast Period |
2024 - 2032 |
| Market |
US$ Billion |
| Segment Covered |
Test Type, Products, Application, Technology, End User and Countries |
| Countries Covered |
|
| Companies Covered |
|
| Customization Scope |
20% Free Customization |
| Post-Sale Analyst Support |
1 Year (52 Weeks) |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on request) |
Key Questions Answered in This Report:
- How big is the Europe In-Vitro Diagnostics industry?
- What is the Europe In-Vitro Diagnostics industry growth rate?
- Who are the key players in Europe In-Vitro Diagnostics industry?
- What are the factors driving the Europe In-Vitro Diagnostics industry?
- Which Region held the largest market share in the Europe In-Vitro Diagnostics industry?
- What segments are covered in the Europe In-Vitro Diagnostics Market report?
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1 Introduction
2 Research Methodology
3 Executive Summary
4 Market Dynamic
4.1 Growth Drivers
4.2 Challenges
5 Europe In-Vitro Diagnostics (IVD) Market
6 Market Share
6.1 By Test Types
6.2 By Products
6.3 By Application
6.4 By Technology
6.5 By End User
6.6 By countries
7 By Test Types
7.1 ELISA & CLIA
7.2 PCR
7.3 Rapid Test
7.4 Fluorescence Immunoassays (FIA)
7.5 In Situ Hybridization
7.6 Transcription Mediated Amplification
7.7 Sequencing
7.8 Colorimetric Immunoassay
7.7 Radioimmunoassay (RIA)
7.10 Isothermal Nucleic Acid Amplification Technology
7.11 Others
8 By Product
8.1 Services
8.2 Instruments
8.3 Reagents
9 By Application
9.1 Infectious Disease
9.2 Diabetes
9.3 Cardiology
9.4 Oncology
9.5 Nephrology
9.6 Autoimmune Diseases
9.7 Drug Testing
9.8 Other Applications
10 By Technology
10.1 Immunoassay
10.2 Clinical Chemistry
10.3 Molecular Diagnostics/Genetics
10.4 Hematology
10.5 Microbiology
10.6 Coagulation
10.7 Others
11 By End User
11.1 Hospitals
11.2 Laboratories
11.3 Home - Care
11.4 Others
12 By Country
12.1 Germany
12.2 France
12.3 Italy
12.4 Spain
12.5 Netherlands
12.6 Greece
12.7 Portugal
12.8 Belgium
12.9 Sweden
12.10 Austria
12.11 Denmark
12.12 Finland
12.13 Ireland
12.12 Luxembourg
12.15 Poland
12.16 Romania
12.17 Czechia
12.18 Hungary
12.19 Bulgaria
12.20 Slovakia
12.21 Croatia
12.22 Lithuania
12.23 Latvia
12.24 Slovenia
12.25 Estonia
12.26 Cyprus
12.27 Malta
12.28 Switzerland
12.29 Norway
12.30 Iceland
12.31 United Kingdom
12.32 Turkey
13 Porter’s Five Forces
13.1 Bargaining Power of Buyer
13.2 Bargaining Power of Supplier
13.3 Threat of New Entrants
13.4 Rivalry among Existing Competitors
13.5 Threat of Substitute Products
14 SWOT Analysis
14.1 Strengths
14.2 Weaknesses
14.3 Opportunities
14.4 Threats
15 Company Analysis
15.1 Roche Diagnostics
15.1.1 Overviews
15.1.2 Key Person
15.1.3 Recent Developments & Strategies
15.1.4 Product Portfolio & Product Launch in Last 1 Year
15.1.5 Revenue
15.2 Abbott Diagnostics
15.2.1 Overviews
15.2.2 Key Person
15.2.3 Recent Developments & Strategies
15.2.4 Product Portfolio & Product Launch in Last 1 Year
15.2.5 Revenue
15.3 Siemens Healthineers
15.3.1 Overviews
15.3.2 Key Person
15.3.3 Recent Developments & Strategies
15.3.4 Product Portfolio & Product Launch in Last 1 Year
15.3.5 Revenue
15.4 Danaher Corporation
15.4.1 Overviews
15.4.2 Key Person
15.4.3 Recent Developments & Strategies
15.4.4 Product Portfolio & Product Launch in Last 1 Year
15.4.5 Revenue
15.5 Thermo Fisher Scientific
15.5.1 Overviews
15.5.2 Key Person
15.5.3 Recent Developments & Strategies
15.5.4 Product Portfolio & Product Launch in Last 1 Year
15.5.5 Revenue
15.6 Sysmex Corporation
15.6.1 Overviews
15.6.2 Key Person
15.6.3 Recent Developments & Strategies
15.6.4 Product Portfolio & Product Launch in Last 1 Year
15.6.5 Revenue
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