Europe Point-Of-Care Molecular Diagnostics Market Size & Outlook
The point-of-care molecular diagnostics market in Europe is expected to reach a projected revenue of US$ 3,906.4 million by 2033. A compound annual growth rate of 6.8% is expected of Europe point-of-care molecular diagnostics market from 2025 to 2033.
Clinical Diagnostics
Cancer Diagnostics
Point-of-Care Molecular Diagnostics Market Outlook
In terms of revenue, Europe region accounted for 26.3% of the global point-of-care molecular diagnostics market in 2024.
Globally, North America is projected to lead the regional market in terms of revenue in 2033.
Asia Pacific is the fastest growing regional market and is projected to reach USD 3,183.0 million by 2033.
The increasing prevalence of chronic diseases, along with an increasing demand for rapid diagnostics in the region, are some key factors driving the market growth. Furthermore, government initiatives toward the development of point-of-care diagnostics equipment are expected to fuel market growth. In addition, the launch of new products drives the growth of the market in the review period.
In July 2021, QuantuMDx Group Limited, a UK-based developer of advanced point-of-care diagnostics, introduced its Q-POC system - a rapid, PCR-based point-of-care diagnostic system. The system and its first test, a SARS-CoV-2 detection assay, have received CE-IVD marking under the In Vitro Diagnostics Directive (98/79/EC), allowing its use in Europe.
Q-POC is a portable PCR system that condenses an entire molecular diagnostic laboratory into a user-friendly, accessible, and cost-effective single device, providing quick molecular diagnostic results at the point of care within approximately 30 minutes. The system is designed to be utilized by front-line healthcare professionals and can be employed in various settings, including emergency rooms, ICUs, birthing centers, clinics, and pharmacies. This development aims to enhance accessibility and efficiency in point-of-care testing for healthcare providers and patients.
Europe Point-of-Care Molecular 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 Point-of-Care Molecular Diagnostics Market Outlook will help companies and investors design strategic landscapes.
Infectious Diseases was the largest segment with a revenue share of 50.03% in 2024.
Horizon Databook has segmented the Europe point-of-care molecular diagnostics market based on oncology, prenatal testing, endocrinology, other applications, hematology, infectious diseases covering the revenue growth of each sub-segment from 2021 to 2033.
The increasing prevalence of chronic diseases, along with an increasing demand for rapid diagnostics in the region, are some key factors driving the market growth. Furthermore, government initiatives toward the development of point-of-care diagnostics equipment are expected to fuel market growth. In addition, the launch of new products drives the growth of the market in the review period.
In July 2021, QuantuMDx Group Limited, a UK-based developer of advanced point-of-care diagnostics, introduced its Q-POC system - a rapid, PCR-based point-of-care diagnostic system. The system and its first test, a SARS-CoV-2 detection assay, have received CE-IVD marking under the In Vitro Diagnostics Directive (98/79/EC), allowing its use in Europe.
Q-POC is a portable PCR system that condenses an entire molecular diagnostic laboratory into a user-friendly, accessible, and cost-effective single device, providing quick molecular diagnostic results at the point of care within approximately 30 minutes. The system is designed to be utilized by front-line healthcare professionals and can be employed in various settings, including emergency rooms, ICUs, birthing centers, clinics, and pharmacies. This development aims to enhance accessibility and efficiency in point-of-care testing for healthcare providers and patients.
Europe Point-Of-Care Molecular Diagnostics Market Application Outlook (Revenue, USD Million , 2021-2033)
Oncology
Prenatal Testing
Endocrinology
Other Applications
Hematology
Infectious Diseases
Europe Point-Of-Care Molecular Diagnostics Market Technology Outlook (Revenue, USD Million , 2021-2033)
PCR-based
Genetic Sequencing based
Hybridization based
Microarray based
Europe Point-Of-Care Molecular Diagnostics Market Test Location Outlook (Revenue, USD Million , 2021-2033)
OTC
POC
Europe Point-Of-Care Molecular Diagnostics Market End-use Outlook (Revenue, USD Million , 2021-2033)
Decentralised Labs
Hospitals
Home care
Assisted Living Healthcare Facilities
Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe Point-of-Care Molecular Diagnostics Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Point-of-Care Molecular Diagnostics Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Europe Point-Of-Care Molecular Diagnostics Market, 2021-2033 (US$M)