Europe Molecular Diagnostics Market is Expected to be worth US$769.0 mn by the end of 2025

Transparency Market Research (TMR) observes that the Europe molecular diagnostics market is likely to see intensifying competition due to large number of players in the market. Companies are expected to focus on product differentiations and customizations to remain relevant in the competition. Thermo Fishcer Scientific and Bio-Rad Laboratories held a lion’s share in the regional market of about 50% in 2026. The leading companies will show a keen interest in mergers and acquisitions to expand their operations in the region.

According to the research report, the Europe molecular diagnostics market is expected to be worth US$769.0 mn by the end of 2025 from US$395.7 mn in 2016. Between the forecast years of 2017 and 2025, the regional market is expected to register a CAGR of 6.6%. Analysts expect that the real-time PCR systems segment will lead the pack as it is poised to be worth US$482.0 mn by the end of 2025. In terms of geography, Germany is expected to lead the Europe molecular diagnostics market as it accounts for US$185.2 mn in the regional market by the end of 2025.

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Increasing Affordability of Diagnostics Propels Growth of Europe Molecular Diagnostics Market

Europe molecular diagnostics market has been burgeoning due to the steady rise of healthcare expenditure. The growing awareness about various chronic diseases and disorders, access of diagnostic centers, and rising affordability of diagnostics are some of the key factors propelling the growth of the regional market. The report states that the increasing support from the government, improving investments in research and development of advanced diagnostics, and high prevalence of infectious diseases are also likely to make a significant contribution to the soaring revenue of the Europe molecular diagnostics market.

The World Cancer Research Fund International states that Denmark registered highest number of cancer cases in Europe in 2012. This was closely followed by France, Belgium, Ireland, and the Netherlands. Thus, the high prevalence of cancer is expected to spike the demand for real-time PCR systems, which are the most preferred assays for the detection of these chronic conditions. The significant rise in product launches in Europe, especially in the field of automated liquid handling systems is likely to augment the demand for lab automation systems. This shift toward automation is expected to benefit market growth in the coming years. Additionally, the partnerships and collaborations between companies and research institutes to offer advanced products are expected to strengthen the market growth over the forecast period.

Difficulty of Sourcing Skilled Labor to Hamper Market Growth

On the flip side, the Europe molecular diagnostics market is being held back by a few factors. The key challenge for the players operating in the regional market is sourcing skilled labor, which is both expensive and scarce. Furthermore, as this skill gap worsens it is likely to make it tougher for the companies to keep their costs reasonable, which, in turn, will adversely impact revenue margins. The constantly growing need for new and improved technologies is also expected to act as an impediment for the molecular diagnostics market in Europe. For instance, adoption of next generation sequencing (NGS) is likely to discourage uptake of real-time PCR systems. Thus, these factors are likely to restrain the market from achieving its full potential. However, the market will have tremendous scope to grow as the demand for non-contact dispensing technologies is poised to augment the sale of liquid dispensing systems in the near future.

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