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.
List of Key Companies Profiled
- Abbott Laboratories
- F.Hoffmann-La Roche Ltd.
- Siemens Healthineers AG (Siemens AG)
- Thermo Fisher Scientific, Inc.
- Danaher Corporation
- Agilent Technologies, Inc.
- BioMerieux S.A.
- Becton, Dickinson and Company
- Qiagen N.V
- Hologic, Inc.
Europe Precision Diagnostics Market Report Segmentation
By End-use
- Clinical Laboratories
- Hospitals
- Others
By Type
- Genetic Tests
- Esoteric Tests
- Direct to Consumer Tests
- Others
By Application
- Oncology
- Respiratory Diseases
- CNS Disorders
- Immunology
- Skin Diseases
- Genetic Diseases
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Precision Diagnostics Market, by End-use
1.4.2 Europe Precision Diagnostics Market, by Type
1.4.3 Europe Precision Diagnostics Market, by Application
1.4.4 Europe Precision Diagnostics Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2021, Jul – 2024, May) Leading Players
4.4 Porter Five Forces Analysis
Chapter 5. Europe Precision Diagnostics Market by End-use
5.1 Europe Clinical Laboratories Market by Country
5.2 Europe Hospitals Market by Country
5.3 Europe Others Market by Country
Chapter 6. Europe Precision Diagnostics Market by Type
6.1 Europe Genetic Tests Market by Country
6.2 Europe Esoteric Tests Market by Country
6.3 Europe Direct to Consumer Tests Market by Country
6.4 Europe Others Market by Country
Chapter 7. Europe Precision Diagnostics Market by Application
7.1 Europe Oncology Market by Country
7.2 Europe Respiratory Diseases Market by Country
7.3 Europe CNS Disorders Market by Country
7.4 Europe Immunology Market by Country
7.5 Europe Skin Diseases Market by Country
7.6 Europe Genetic Diseases Market by Country
7.7 Europe Others Market by Country
Chapter 8. Europe Precision Diagnostics Market by Country
8.1 Germany Precision Diagnostics Market
8.1.1 Germany Precision Diagnostics Market by End-use
8.1.2 Germany Precision Diagnostics Market by Type
8.1.3 Germany Precision Diagnostics Market by Application
8.2 UK Precision Diagnostics Market
8.2.1 UK Precision Diagnostics Market by End-use
8.2.2 UK Precision Diagnostics Market by Type
8.2.3 UK Precision Diagnostics Market by Application
8.3 France Precision Diagnostics Market
8.3.1 France Precision Diagnostics Market by End-use
8.3.2 France Precision Diagnostics Market by Type
8.3.3 France Precision Diagnostics Market by Application
8.4 Russia Precision Diagnostics Market
8.4.1 Russia Precision Diagnostics Market by End-use
8.4.2 Russia Precision Diagnostics Market by Type
8.4.3 Russia Precision Diagnostics Market by Application
8.5 Spain Precision Diagnostics Market
8.5.1 Spain Precision Diagnostics Market by End-use
8.5.2 Spain Precision Diagnostics Market by Type
8.5.3 Spain Precision Diagnostics Market by Application
8.6 Italy Precision Diagnostics Market
8.6.1 Italy Precision Diagnostics Market by End-use
8.6.2 Italy Precision Diagnostics Market by Type
8.6.3 Italy Precision Diagnostics Market by Application
8.7 Rest of Europe Precision Diagnostics Market
8.7.1 Rest of Europe Precision Diagnostics Market by End-use
8.7.2 Rest of Europe Precision Diagnostics Market by Type
8.7.3 Rest of Europe Precision Diagnostics Market by Application
Chapter 9. Company Profiles
9.1 Abbott Laboratories
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 F. Hoffmann-La Roche Ltd.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.2.6 SWOT Analysis
9.3 Siemens Healthineers AG (Siemens AG)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Product Launches and Product Expansions:
9.3.5.3 Acquisition and Mergers:
9.3.6 SWOT Analysis
9.4 Thermo Fisher Scientific, Inc.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.6 SWOT Analysis
9.5 Danaher Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.6 SWOT Analysis
9.6 Agilent Technologies, Inc.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.5.2 Product Launches and Product Expansions:
9.6.6 SWOT Analysis
9.7 BioMerieux S.A.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expenses
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.5.2 Acquisition and Mergers:
9.7.6 SWOT Analysis
9.8 Becton, Dickinson, and Company
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expense
9.8.5 SWOT Analysis
9.9 Qiagen N.V.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.9.5.2 Product Launches and Product Expansions:
9.9.6 SWOT Analysis
9.10. Hologic, Inc.
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expenses
9.10.5 SWOT Analysis
TABLE 1 Europe Precision Diagnostics Market, 2020 - 2023, USD Million
TABLE 2 Europe Precision Diagnostics Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – Precision Diagnostics Market
TABLE 4 Product Launches And Product Expansions – Precision Diagnostics Market
TABLE 5 Acquisition and Mergers – Precision Diagnostics Market
TABLE 6 Europe Precision Diagnostics Market by End-use, 2020 - 2023, USD Million
TABLE 7 Europe Precision Diagnostics Market by End-use, 2024 - 2031, USD Million
TABLE 8 Europe Clinical Laboratories Market by Country, 2020 - 2023, USD Million
TABLE 9 Europe Clinical Laboratories Market by Country, 2024 - 2031, USD Million
TABLE 10 Europe Hospitals Market by Country, 2020 - 2023, USD Million
TABLE 11 Europe Hospitals Market by Country, 2024 - 2031, USD Million
TABLE 12 Europe Others Market by Country, 2020 - 2023, USD Million
TABLE 13 Europe Others Market by Country, 2024 - 2031, USD Million
TABLE 14 Europe Precision Diagnostics Market by Type, 2020 - 2023, USD Million
TABLE 15 Europe Precision Diagnostics Market by Type, 2024 - 2031, USD Million
TABLE 16 Europe Genetic Tests Market by Country, 2020 - 2023, USD Million
TABLE 17 Europe Genetic Tests Market by Country, 2024 - 2031, USD Million
TABLE 18 Europe Esoteric Tests Market by Country, 2020 - 2023, USD Million
TABLE 19 Europe Esoteric Tests Market by Country, 2024 - 2031, USD Million
TABLE 20 Europe Direct to Consumer Tests Market by Country, 2020 - 2023, USD Million
TABLE 21 Europe Direct to Consumer Tests Market by Country, 2024 - 2031, USD Million
TABLE 22 Europe Others Market by Country, 2020 - 2023, USD Million
TABLE 23 Europe Others Market by Country, 2024 - 2031, USD Million
TABLE 24 Europe Precision Diagnostics Market by Application, 2020 - 2023, USD Million
TABLE 25 Europe Precision Diagnostics Market by Application, 2024 - 2031, USD Million
TABLE 26 Europe Oncology Market by Country, 2020 - 2023, USD Million
TABLE 27 Europe Oncology Market by Country, 2024 - 2031, USD Million
TABLE 28 Europe Respiratory Diseases Market by Country, 2020 - 2023, USD Million
TABLE 29 Europe Respiratory Diseases Market by Country, 2024 - 2031, USD Million
TABLE 30 Europe CNS Disorders Market by Country, 2020 - 2023, USD Million
TABLE 31 Europe CNS Disorders Market by Country, 2024 - 2031, USD Million
TABLE 32 Europe Immunology Market by Country, 2020 - 2023, USD Million
TABLE 33 Europe Immunology Market by Country, 2024 - 2031, USD Million
TABLE 34 Europe Skin Diseases Market by Country, 2020 - 2023, USD Million
TABLE 35 Europe Skin Diseases Market by Country, 2024 - 2031, USD Million
TABLE 36 Europe Genetic Diseases Market by Country, 2020 - 2023, USD Million
TABLE 37 Europe Genetic Diseases Market by Country, 2024 - 2031, USD Million
TABLE 38 Europe Others Market by Country, 2020 - 2023, USD Million
TABLE 39 Europe Others Market by Country, 2024 - 2031, USD Million
TABLE 40 Europe Precision Diagnostics Market by Country, 2020 - 2023, USD Million
TABLE 41 Europe Precision Diagnostics Market by Country, 2024 - 2031, USD Million
TABLE 42 Germany Precision Diagnostics Market, 2020 - 2023, USD Million
TABLE 43 Germany Precision Diagnostics Market, 2024 - 2031, USD Million
TABLE 44 Germany Precision Diagnostics Market by End-use, 2020 - 2023, USD Million
TABLE 45 Germany Precision Diagnostics Market by End-use, 2024 - 2031, USD Million
TABLE 46 Germany Precision Diagnostics Market by Type, 2020 - 2023, USD Million
TABLE 47 Germany Precision Diagnostics Market by Type, 2024 - 2031, USD Million
TABLE 48 Germany Precision Diagnostics Market by Application, 2020 - 2023, USD Million
TABLE 49 Germany Precision Diagnostics Market by Application, 2024 - 2031, USD Million
TABLE 50 UK Precision Diagnostics Market, 2020 - 2023, USD Million
TABLE 51 UK Precision Diagnostics Market, 2024 - 2031, USD Million
TABLE 52 UK Precision Diagnostics Market by End-use, 2020 - 2023, USD Million
TABLE 53 UK Precision Diagnostics Market by End-use, 2024 - 2031, USD Million
TABLE 54 UK Precision Diagnostics Market by Type, 2020 - 2023, USD Million
TABLE 55 UK Precision Diagnostics Market by Type, 2024 - 2031, USD Million
TABLE 56 UK Precision Diagnostics Market by Application, 2020 - 2023, USD Million
TABLE 57 UK Precision Diagnostics Market by Application, 2024 - 2031, USD Million
TABLE 58 France Precision Diagnostics Market, 2020 - 2023, USD Million
TABLE 59 France Precision Diagnostics Market, 2024 - 2031, USD Million
TABLE 60 France Precision Diagnostics Market by End-use, 2020 - 2023, USD Million
TABLE 61 France Precision Diagnostics Market by End-use, 2024 - 2031, USD Million
TABLE 62 France Precision Diagnostics Market by Type, 2020 - 2023, USD Million
TABLE 63 France Precision Diagnostics Market by Type, 2024 - 2031, USD Million
TABLE 64 France Precision Diagnostics Market by Application, 2020 - 2023, USD Million
TABLE 65 France Precision Diagnostics Market by Application, 2024 - 2031, USD Million
TABLE 66 Russia Precision Diagnostics Market, 2020 - 2023, USD Million
TABLE 67 Russia Precision Diagnostics Market, 2024 - 2031, USD Million
TABLE 68 Russia Precision Diagnostics Market by End-use, 2020 - 2023, USD Million
TABLE 69 Russia Precision Diagnostics Market by End-use, 2024 - 2031, USD Million
TABLE 70 Russia Precision Diagnostics Market by Type, 2020 - 2023, USD Million
TABLE 71 Russia Precision Diagnostics Market by Type, 2024 - 2031, USD Million
TABLE 72 Russia Precision Diagnostics Market by Application, 2020 - 2023, USD Million
TABLE 73 Russia Precision Diagnostics Market by Application, 2024 - 2031, USD Million
TABLE 74 Spain Precision Diagnostics Market, 2020 - 2023, USD Million
TABLE 75 Spain Precision Diagnostics Market, 2024 - 2031, USD Million
TABLE 76 Spain Precision Diagnostics Market by End-use, 2020 - 2023, USD Million
TABLE 77 Spain Precision Diagnostics Market by End-use, 2024 - 2031, USD Million
TABLE 78 Spain Precision Diagnostics Market by Type, 2020 - 2023, USD Million
TABLE 79 Spain Precision Diagnostics Market by Type, 2024 - 2031, USD Million
TABLE 80 Spain Precision Diagnostics Market by Application, 2020 - 2023, USD Million
TABLE 81 Spain Precision Diagnostics Market by Application, 2024 - 2031, USD Million
TABLE 82 Italy Precision Diagnostics Market, 2020 - 2023, USD Million
TABLE 83 Italy Precision Diagnostics Market, 2024 - 2031, USD Million
TABLE 84 Italy Precision Diagnostics Market by End-use, 2020 - 2023, USD Million
TABLE 85 Italy Precision Diagnostics Market by End-use, 2024 - 2031, USD Million
TABLE 86 Italy Precision Diagnostics Market by Type, 2020 - 2023, USD Million
TABLE 87 Italy Precision Diagnostics Market by Type, 2024 - 2031, USD Million
TABLE 88 Italy Precision Diagnostics Market by Application, 2020 - 2023, USD Million
TABLE 89 Italy Precision Diagnostics Market by Application, 2024 - 2031, USD Million
TABLE 90 Rest of Europe Precision Diagnostics Market, 2020 - 2023, USD Million
TABLE 91 Rest of Europe Precision Diagnostics Market, 2024 - 2031, USD Million
TABLE 92 Rest of Europe Precision Diagnostics Market by End-use, 2020 - 2023, USD Million
TABLE 93 Rest of Europe Precision Diagnostics Market by End-use, 2024 - 2031, USD Million
TABLE 94 Rest of Europe Precision Diagnostics Market by Type, 2020 - 2023, USD Million
TABLE 95 Rest of Europe Precision Diagnostics Market by Type, 2024 - 2031, USD Million
TABLE 96 Rest of Europe Precision Diagnostics Market by Application, 2020 - 2023, USD Million
TABLE 97 Rest of Europe Precision Diagnostics Market by Application, 2024 - 2031, USD Million
TABLE 98 Key Information – Abbott Laboratories
TABLE 99 Key Information – F. Hoffmann-La Roche Ltd.
TABLE 100 Key Information – Siemens Healthineers AG
TABLE 101 Key Information – Thermo Fisher Scientific, Inc.
TABLE 102 Key Information – Danaher Corporation
TABLE 103 key Information – Agilent Technologies, Inc.
TABLE 104 Key information – BioMerieux S.A.
TABLE 105 Key Information – Becton, Dickinson and Company
TABLE 106 Key Information – Qiagen N.V.
TABLE 107 Key Information – Hologic, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Europe Precision Diagnostics Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Precision Diagnostics Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 6 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2021, Jul – 2024, May) Leading Players
FIG 7 Porter’s Five Forces Analysis – Precision Diagnostics Market
FIG 8 Europe Precision Diagnostics Market share by End-use, 2023
FIG 9 Europe Precision Diagnostics Market share by End-use, 2031
FIG 10 Europe Precision Diagnostics Market by End-use, 2020 - 2031, USD Million
FIG 11 Europe Precision Diagnostics Market share by Type, 2023
FIG 12 Europe Precision Diagnostics Market share by Type, 2031
FIG 13 Europe Precision Diagnostics Market by Type, 2020 - 2031, USD Million
FIG 14 Europe Precision Diagnostics Market share by Application, 2023
FIG 15 Europe Precision Diagnostics Market share by Application, 2031
FIG 16 Europe Precision Diagnostics Market by Application, 2020 - 2031, USD Million
FIG 17 Europe Precision Diagnostics Market share by Country, 2023
FIG 18 Europe Precision Diagnostics Market share by Country, 2031
FIG 19 Europe Precision Diagnostics Market by Country, 2020 - 2031, USD Million
FIG 20 SWOT Analysis: Abbott Laboratories
FIG 21 Recent strategies and developments: F. Hoffmann-La Roche Ltd.
FIG 22 SWOT Analysis: F. Hoffmann-La Roche Ltd.
FIG 23 Recent strategies and developments: Siemens Healthineers AG
FIG 24 SWOT Analysis: Siemens Healthineers AG
FIG 25 SWOT Analysis: Thermo Fisher Scientific, Inc.
FIG 26 SWOT Analysis: Danaher Corporation
FIG 27 Recent strategies and developments: Agilent Technologies, Inc.
FIG 28 Swot Analysis: Agilent Technologies, Inc.
FIG 29 Recent strategies and developments: BioMerieux S.A.
FIG 30 Swot Analysis: BioMerieux S.A.
FIG 31 SWOT Analysis: Becton, Dickinson and company
FIG 32 Recent strategies and developments: QIAGEN N.V
FIG 33 Swot Analysis: Qiagen N.V.
FIG 34 Swot Analysis: Hologic, Inc.