May 14, 2019

Europe Infectious Diseases Diagnostics Market to Grow by 4% of CAGR by 2025

Europe Infectious Diseases Diagnostics Market Study Analysis:

The Europe infectious disease diagnostics market was estimated at $ 4423 million in 2018 and is expected to reach $ 6037 million by 2025, growing at a compound annual rate of 4% over the 2018-2025 forecast period.

The diagnosis of infectious diseases involves identifying the presence of foreign organism using diagnostic tools, such as kits. However, in the future, these diagnostic tests should be replaced by molecular techniques. Diagnostics of infectious diseases involves the use of devices to detect microorganisms present in the human body. Infectious diseases are caused by various means, such as infected foods, water, air, surroundings, an infected person and others.

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Europe Infectious Diseases Diagnostics Market - Drivers, Challenges and Opportunities:

One of the main factors driving the growth of the market in Europe is the steady rise in the prevalence of these infectious diseases over time, which has increased the demand for better diagnostic facilities, stimulating growth in the infectious disease diagnostic market. The government has taken a series of initiatives to increase awareness and prevent infectious diseases, which should spur the growth of the regional market. Different applications of this infectious disease diagnostic market include viral infections, bacterial infections, central nervous system infections, cardiovascular infections, gastrointestinal infections, sexually transmitted diseases, and fungal infections, which are found in diagnostic laboratories, contract research organizations, academic and medical institutes, hospitals and surgical centers, day clinics and home care.

However, factors such as the strict regulatory approval procedure for infectious disease diagnostic devices, the emergence of molecular techniques and unfavorable repayment scenarios hinder market growth. The increasing government initiatives are expected to increase market opportunities in the coming years. Many government-funded programs around the region are offering more free exams to raise awareness, accurately diagnose diseases and reduce the risk of infection. It is expected that such support will increase market opportunities in the coming years.

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Geographic Analysis:

Europe is expected to be the second fastest growing region over the forecast period due to significant investments and technological advance in infectious disease diagnostics over the forecast period due to the presence of a large number of patients in this sector, advanced health infrastructure and several government initiatives.

Key market players:

SBecton, Dickinson and Company, Cepheid, Inc. Abbott Laboratories, bioMérieux SA, Hologic, Inc., Danaher Corporation, Thermo Fisher Scientific Inc., Roche Diagnostics, Alere, Inc., DiaSorin SpA, Quidel Corporation and Bio-Rad Laboratories, Inc are among the leading players in the European infectious disease diagnostic market.

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