Europe IVD Market Opportunities, Business Forecast To 2029
The global europe ivd market size was valued at Euro 1,765.7 million in 2022 and is poised to grow at a significant CAGR of 4.6% over 2023-2029. The Europe In Vitro Diagnostics (IVD) market plays a crucial role in healthcare by providing essential diagnostic information for disease detection, monitoring, and treatment. IVD refers to medical devices and reagents used in diagnostic testing outside the human body. The market encompasses various segments, including molecular diagnostics, tissue diagnostics, and sequencing. These segments have witnessed significant growth in recent years, driven by technological advancements, the increasing prevalence of chronic diseases, and the rising demand for personalized medicine.View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/europe-ivd-market
Molecular Segment to Dominate the Europe IVD Market:
The technology segment in the Europe IVD Market is segmented into Molecular diagnostics, Tissue Diagnostics, and Sequencing. Molecular diagnostic is a prominent segment within the Europe IVD market. It involves the analysis of DNA, RNA, and proteins to detect genetic variations, identify pathogens, and predict disease susceptibility. Molecular diagnostics has revolutionized disease diagnosis and monitoring, enabling early detection, targeted therapies, and personalized medicine. The market for molecular diagnostics is driven by factors such as the rising incidence of cancer, infectious diseases, and genetic disorders. Additionally, advancements in technologies like polymerase chain reaction (PCR), next-generation sequencing (NGS), and microarray have significantly improved the accuracy and efficiency of molecular diagnostic tests. Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players.
Europe IVD market:
In Europe IVD market, Norway is expected to drive market growth with the growth of significant CAGR. Molecular Diagnostics in Norway is valued at Euro 35,690 in 2022 and is poised to grow at a significant CAGR of 7.2% over 2023-2029. Oslo University Hospital has developed an in-house CMV test, CE marked. BKV, JCV, VZV, HSV, and Adenovirus in the blood and CSF are performed with PCR technique and Oslo University Hospital performs approximately 15 - 20 tests per day of each disease. Oslo University Hospital is one of the leading hospitals performing approximately 20,000 CMV tests annually. High-growth areas in Norway are infectious and respiratory diseases such as CMV, COVID-19, Influenza, and RSV and in gastrointestinal bacterial, viral and parasitic diseases are more prominent.
Based on the Technology, the market is segmented into the following:
• Molecular Diagnostics
• Tissue Diagnostics
• Sequencing
Based on the geography, the market is segmented into the following:
• Austria
• Belgium
• Bulgaria
• Croatia
• Republic of Cyprus
• Czech Republic
• Denmark
• Estonia
• Finland
• France
• Germany
• Greece
• Hungary
• Ireland
• Italy
• Latvia
• Lithuania
• Luxembourg
• Malta
• Netherlands
• Poland
• Portugal
• Romania
• Slovakia
• Slovenia
• Spain
• Sweden
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Key players' profiles in the europe ivd market QIAGEN, Bio-Rad Laboratories, Roche Diagnostics, Thermofisher Scientific, Cepheid, Inc., Abbott, Inc., Seegene, Inc., Illumina, Inc., Zymo Research, MGI, Dako, Leica, Abbott
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