Europe In-Vitro Diagnostics Market Current Trends, Business Overview Analysis 2023 to 2031 | Qiagen, Quest Diagnostics, Quidel Corp.

An extensive analysis of the "Europe In-Vitro Diagnostics Market" based on Products and services, Techniques, Applications, End Users, and Europe is provided in the research report. The report covers the market research and analysis that was conducted with the intention of assisting vendors, stakeholders, and other industry participants.

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Europe In-Vitro Diagnostics Market was valued at US$ 24.13 billion in 2022 and is projected to attain a market size of US$ 35.22 billion by 2031 at a CAGR of 4.5% during the forecast period 2023-2031.

The 99-page Europe In-Vitro Diagnostics Market Research Report 2023 provides a thorough analysis of the market's growth, statistics, opportunities, trends, and competitive environment. The report includes a broad overview of the market's overall size, industry structure, and market dynamics, which also covers in-depth quantitative and qualitative analysis.

Key Analytical Areas:
The study seeks to provide various companies active in the Europe In-Vitro Diagnostics Market with a comprehensive solution for making informed strategic decisions. As a result, the study addresses a number of your criteria, including market dynamics, competitive landscape, geographical analysis, and industry overview.

At the heart of this growth is technology. Technological advancements act as the market's primary catalyst. With innovations like next-generation sequencing, Europe's IVD sector has witnessed an increased appetite for investment.

In 2021, European ventures in this technology domain saw investments surpassing $500 million. Moreover, while still in its nascent stage, AI-driven diagnostics are capturing attention, having already garnered a $120 million investment. These figures hint at a future where technology will be intertwined with diagnostics, reshaping healthcare delivery and outcomes.

However, the COVID-19 pandemic left a significant impact on the Europe in-vitro diagnostics market. It served as a significant game-changer for the IVD industry in Europe. There was a remarkable year-on-year growth of 12% in 2021, primarily driven by the overwhelming global demand for COVID-19 testing kits.

The European IVD sector produced over 300 million such kits that year, meeting almost 40% of the global demand. While this growth trajectory was commendable, the pandemic also showcased a noticeable decline of 7% in non-COVID-related diagnostics, emphasizing the market's shifting priorities during the crisis.

Market Segmentation Overview
The Europe In-Vitro Diagnostics Market's growth is affected by a number of important aspects, which are all examined in this study, including Product and services, Technique, Application, End User, and Europe. In order to provide reliable information for market investments, each market segment is thoroughly studied.

By Product & Services:
Reagents
Instruments
Software
Services

By Technique:
Immunodiagnostics
Hematology
Molecular Diagnostics
Tissue Diagnostics
Clinical Chemistry
Others

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By Application:
Cancer diagnostics
Blood glucose monitoring
Human genetic testing
Immunoassays
Hepatitis tests
Infectious Diseases diagnostics
Cardiac Diseases
Nephrological Diseases
Gastrointestinal Diseases
Others

By End User:
Standalone Laboratories
Hospitals
Academic And Medical Schools
Point Of Care
Others

By Europe:
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe

Competitive Landscape
The research also highlights players in the market from the standpoint of market share, concentration ratio, etc., for the competitive landscape and provides detailed descriptions of the major businesses. This study is essential reading for everyone involved in the market, including participants in the industry, investors, researchers, consultants, and business strategists.

Key Companies
Abbott
Agilent Technologies, Inc.
Becton Dickinson and Company
bioMérieux SA
Bio-Rad Laboratories, Inc.
Charles River Laboratories
Danaher Corporation
F. Hoffmann-La Roche Ltd.
Qiagen
Quest Diagnostics
Quidel Corp.
Siemens Healthineers
Sysmex Corp.
Other Prominent Players

Why to Buy this Report:
• Market share evaluations for the national and regional segments
• A few tactical pointers for the newcomers
• Includes market statistics from 2023 to 2030
• Market trends, including motivators, openings, dangers, obstacles, funding possibilities, and suggestions
• Strategic recommendations in important business categories that are solely based on market projections
• Identifying the main, regular trends in competitive landscaping
• Company profiling includes detailed financials, strategies, and developments currently taking place
• Supply chain trends illustrating current technical developments

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