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Europe Laboratory Developed Tests Market Size, Share & Trends Analysis Report By Application, By Technology, By Country and Growth Forecast, 2024 - 2031

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    Report

  • 136 Pages
  • June 2024
  • Region: Europe
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5982401
The Europe Laboratory Developed Tests Market would witness market growth of 6.8% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe Laboratory Developed Tests Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of$1.46 billion by 2031. The UK market is exhibiting a CAGR of 6.5% during (2024 - 2031). Additionally, The France market would experience a CAGR of 7.3% during (2024 - 2031).



LDTs are used to identify and characterize several infectious diseases, such as fungi, viruses, bacteria, and parasites. These tests are essential for diagnosing infectious disorders, tracking outbreaks, observing patterns in antibiotic resistance, and the direction of infection control protocols in hospital environments.

Various factors, including clinical need, technological advancements, regulatory frameworks, and market dynamics, have driven the adoption of LDTs. Healthcare providers, laboratories, and patients have increasingly recognized the value of LDTs in enhancing diagnostic accuracy, guiding treatment decisions, and improving patient outcomes. LDTs offer unique customization, flexibility, and innovation advantages compared to commercially available diagnostic tests.

The prevalence of genetic disorders in Europe drives a greater demand for genetic testing services. As per the Eurodis, an estimated 30 million people live with a rare disease in 48 European countries. 70% of patients with rare conditions seek medical attention and then wait more than a year for a definitive diagnosis. Also, the growing investment in rare diseases in Europe leads to an increased demand for specialized diagnostic testing tailored to rare disorders’ unique genetic, molecular, and clinical characteristics. As per the European Commission, the EU has extensively supported research in rare diseases through its research and innovation framework programs. Under the 7th Framework Programme and Horizon 2020, about €2.4 billion in funding has been awarded to over 440 worldwide research projects on rare disorders. Therefore, the high prevalence of rare diseases and increasing investment in research projects drive the market’s growth.

Based on Application, the market is segmented into Oncology, Genetic Disorders/Inherited Disease, Infectious & Parasitic Diseases, Endocrine, Immunology, Nutritional & Metabolic Disease, Cardiology, Mental/Behavioral Disorder, Pediatrics-specific Testing, and Others. Based on Technology, the market is segmented into Molecular Diagnostics, Immunoassays, Hematology & Coagulation, Microbiology, Clinical Chemistry, Histology/Cytology, Flow Cytometry, Mass Spectroscopy, 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

  • Neogenomics, Inc.
  • Guardant Health, Inc.
  • Qiagen N.V
  • Quest Diagnostics Incorporated
  • Abbott Laboratories
  • Siemens Healthineers AG (Siemens AG)
  • Illumina, Inc.
  • Bio-Rad Laboratories, Inc.
  • F.Hoffmann-La Roche Ltd.
  • Eurofins Scientific SE

Market Report Segmentation

By Application
  • Oncology
  • Genetic Disorders/Inherited Disease
  • Infectious & Parasitic Diseases
  • Endocrine
  • Immunology
  • Nutritional & Metabolic Disease
  • Cardiology
  • Mental/Behavioral Disorder
  • Pediatrics-specific Testing
  • Others
By Technology
  • Molecular Diagnostics
  • Immunoassays
  • Hematology & Coagulation
  • Microbiology
  • Clinical Chemistry
  • Histology/Cytology
  • Flow Cytometry
  • Mass Spectroscopy
  • Others
By Country
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Laboratory Developed Tests Market, by Application
1.4.2 Europe Laboratory Developed Tests Market, by Technology
1.4.3 Europe Laboratory Developed Tests 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
3.3 Porter Five Forces Analysis
Chapter 4. Strategies Deployed in Laboratory Developed Tests Market.
Chapter 5. Europe Laboratory Developed Tests Market by Application
5.1 Europe Oncology Market by Country
5.2 Europe Genetic Disorders/Inherited Disease Market by Country
5.3 Europe Infectious & Parasitic Diseases Market by Country
5.4 Europe Endocrine Market by Country
5.5 Europe Immunology Market by Country
5.6 Europe Nutritional & Metabolic Disease Market by Country
5.7 Europe Cardiology Market by Country
5.8 Europe Mental/Behavioral Disorder Market by Country
5.9 Europe Pediatrics-specific Testing Market by Country
5.1 Europe Others Market by Country
Chapter 6. Europe Laboratory Developed Tests Market by Technology
6.1 Europe Molecular Diagnostics Market by Country
6.2 Europe Immunoassays Market by Country
6.3 Europe Hematology & Coagulation Market by Country
6.4 Europe Microbiology Market by Country
6.5 Europe Clinical Chemistry Market by Country
6.6 Europe Histology/Cytology Market by Country
6.7 Europe Flow Cytometry Market by Country
6.8 Europe Mass Spectroscopy Market by Country
6.9 Europe Others Market by Country
Chapter 7. Europe Laboratory Developed Tests Market by Country
7.1 Germany Laboratory Developed Tests Market
7.1.1 Germany Laboratory Developed Tests Market by Application
7.1.2 Germany Laboratory Developed Tests Market by Technology
7.2 UK Laboratory Developed Tests Market
7.2.1 UK Laboratory Developed Tests Market by Application
7.2.2 UK Laboratory Developed Tests Market by Technology
7.3 France Laboratory Developed Tests Market
7.3.1 France Laboratory Developed Tests Market by Application
7.3.2 France Laboratory Developed Tests Market by Technology
7.4 Russia Laboratory Developed Tests Market
7.4.1 Russia Laboratory Developed Tests Market by Application
7.4.2 Russia Laboratory Developed Tests Market by Technology
7.5 Spain Laboratory Developed Tests Market
7.5.1 Spain Laboratory Developed Tests Market by Application
7.5.2 Spain Laboratory Developed Tests Market by Technology
7.6 Italy Laboratory Developed Tests Market
7.6.1 Italy Laboratory Developed Tests Market by Application
7.6.2 Italy Laboratory Developed Tests Market by Technology
7.7 Rest of Europe Laboratory Developed Tests Market
7.7.1 Rest of Europe Laboratory Developed Tests Market by Application
7.7.2 Rest of Europe Laboratory Developed Tests Market by Technology
Chapter 8. Company Profiles
8.1 Neogenomics, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.6 SWOT Analysis
8.2 Guardant Health, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.6 SWOT Analysis
8.3 Qiagen N.V.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Product Launches and Product Expansions:
8.3.5.3 Acquisition and Mergers:
8.3.6 SWOT Analysis
8.4 Quest Diagnostics Incorporated
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental Analysis
8.4.4 Recent strategies and developments:
8.4.4.1 Acquisition and Mergers:
8.4.5 SWOT Analysis
8.5 Abbott Laboratories
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.6 SWOT Analysis
8.6 Siemens Healthineers AG (Siemens AG)
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.6 SWOT Analysis
8.7 Illumina, Inc.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segment and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 SWOT Analysis
8.8 Bio-Rad laboratories, Inc.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.6 SWOT Analysis
8.9 F. Hoffmann-La Roche Ltd.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.9.5 SWOT Analysis
8.10. Eurofins Scientific SE
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Regional Analysis
8.10.4 SWOT Analysis

Companies Mentioned

  • Neogenomics, Inc.
  • Guardant Health, Inc.
  • Qiagen N.V
  • Quest Diagnostics Incorporated
  • Abbott Laboratories
  • Siemens Healthineers AG (Siemens AG)
  • Illumina, Inc.
  • Bio-Rad Laboratories, Inc.
  • F. Hoffmann-La Roche Ltd.
  • Eurofins Scientific SE

Methodology

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