Europe Laboratory Developed Tests Market - By Test Type (Clinical Biochemistry, Immunology, Haematology, Microbiology, Molecular Diagnostics), Application (Oncology, Genetics, Infectious Diseases, Neurology), End Use & Forecast, 2024 - 2032
Report ID: GMI9341
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Published Date: May 2024
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Report Format: PDF
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Base Year: 2023
Companies covered: 10
Tables & Figures: 44
Countries covered: 7
Pages: 75
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Europe Laboratory Developed Tests Market
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Europe Laboratory Developed Tests Market Size
Europe Laboratory Developed Tests Market size was valued at around USD 2.1 billion in 2023 and is estimated to grow at 6.1% CAGR from 2024 to 2032. Rising demand for infectious disease testing, increasing healthcare expenditure and focus on early disease detection and prevention are among the key attributes driving the laboratory developed tests (LDTs) market growth in the region. For instance, according to data released by the European Respiratory Virus Surveillance Summary in 2023, around half of the regional countries are experiencing increased levels of fever and cough and there is a sharp rise in the recorded numbers.
Similarly, a rise in the number of patients suffering from respiratory syncytial virus (RSV) is being observed each year in Europe. Thus, LDTs have played a critical role in detecting infections, monitoring transmission dynamics, and guiding public health responses in Europe for different infectious diseases.
Further, increasing adoption of next-generation sequencing (NGS) have revolutionized genomic analysis and enabled high-throughput sequencing of DNA and RNA. Europe has witnessed widespread adoption of NGS platforms in research, clinical diagnostics, and personalized medicine applications, driving the demand for LDTs based on sequencing technologies.
Laboratory developed tests (LDTs) refer to diagnostic tests that are developed, validated, and performed within a single laboratory. These tests are designed to detect a wide range of conditions, from infectious diseases to genetic disorders, and they are often used when commercial tests are not available or do not meet the specific needs of a patient population.
Europe Laboratory Developed Tests Market Trends
Europe is at the forefront for personalized medicine initiatives, which rely heavily on molecular diagnostics and genetic testing. LDTs play a crucial role in tailoring treatments to individual patients based on their genetic makeup and disease characteristics.
Europe Laboratory Developed Tests Market Analysis
Based on test type, the market is categorized into clinical biochemistry, immunology, haematology, microbiology, molecular diagnostics, flow cytometry, histology/cytology, and other test types. The molecular diagnostics segment held leading market share and was valued at USD 576.8 million in 2023.
Based on application, the Europe laboratory developed tests market is categorized into oncology, genetics, infectious diseases, autoimmune disorders, neurology, mental/behavioural disorder, nutritional & metabolic disease, and other applications. The oncology segment dominated the market, with a revenue share of over 28% in 2023.
Based on end-use, the Europe laboratory developed tests market is categorized into hospital laboratories, diagnostic centers, clinical research organizations, academic and research institutes, and other end-users. The hospital laboratories segment dominated the market, with a revenue of around USD 802.4 million in 2023.
Germany laboratory developed tests market accounted for USD 362.7 million revenue in 2023 and is predicted to witness robust market growth over the forecast timeline.
France laboratory developed tests market is expected to grow significantly during the forecast period.
UK laboratory developed tests market is anticipated to witness high growth rate from 2024-2032, due to several factors.
Europe Laboratory Developed Tests Market Share
Collaboration is key for key players to expand their reach, access new markets, and drive innovation. They form strategic partnerships and collaborations with healthcare institutions, research organizations, diagnostic manufacturers, and technology providers to leverage complementary expertise, resources, and capabilities. Partnerships facilitate the development, validation, and commercialization of new LDTs and foster collaboration across the healthcare ecosystem.
Europe Laboratory Developed Tests Market Companies
Some of the eminent market participants operating in the Europe laboratory developed tests industry include:
Europe Laboratory Developed Tests Industry News:
Europe laboratory developed tests market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 to 2032 for the following segments:
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Market, By Test Type
By Application
By End-use
The above information is provided for the following countries: