The Europe Precision Diagnostics Market would witness market growth of 17.6% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Precision Diagnostics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3,500.1 million by 2031. The UK market is exhibiting a CAGR of 16.6% during (2024 - 2031). Additionally, The France market would experience a CAGR of 18.9% during (2024 - 2031).
Precision diagnostics encompass a wide range of applications across various fields of medicine, leveraging advanced technologies to enhance diagnostic accuracy, personalize treatment strategies, and improve patient outcomes.
Moreover, precision diagnostics play a crucial role in oncology, where personalized treatment approaches are increasingly based on tumors' genetic and molecular characteristics. Identifying mutations (e.g., BRCA1/2 in breast cancer) influencing cancer risk and treatment response.
Europe faces a high burden of respiratory diseases such as chronic obstructive pulmonary disease and respiratory infections due to factors like air pollution, an aging population, and lifestyle habits. As per Eurostat, in 2020, there were 3,47,867 deaths in the EU resulting from diseases of the respiratory system, equivalent to 6.7 % of all deaths among residents. In 2020, the proportion of deaths from respiratory diseases in Malta, Denmark, and Ireland was considerably higher than the EU average, at 10.5 %, 10.4 %, and 10.0 %, respectively.
Free Valuable Insights: The Global Precision Diagnostics Market will Hit USD 55.03 Billion by 2031, at a CAGR of 18.0%
Based on End-use, the market is segmented into Clinical Laboratories, Hospitals, and Others. Based on Type, the market is segmented into Genetic Tests, Esoteric Tests, Direct to Consumer Tests, and Others. Based on Application, the market is segmented into Oncology, Respiratory Diseases, CNS Disorders, Immunology, Skin Diseases, Genetic Diseases, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By End-use
By Type
By Application
By Country
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