European STD diagnostics market is growing at a CAGR of around 8.4% during the forecast period. As per MedTech Europe, in 2017, there were more than 27,000 medical technology companies in Europe out of which 95% were SMEs. Most of the companies are based in Germany, UK, Italy, Switzerland, Spain, and France. In Europe, around 10% of the GDP is spent on healthcare, out of which around 6.5% is dedicated to medical devices, that value is less than 1% of the GDP. Per capita expenditure on the medical device was around $220 in 2017 which directly affects the growth of the European STD diagnostics market during the forecast period.
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The medical device market in Europe is growing with an average of 4.3% per annum over the past decade. Demand was very low in 2009 and 2011 which recovered significantly in a couple of years in the region. Europe is the major trader of medical devices with the US. 40.7% of the total exports were to the US whereas around 52.6% of the total medical device import was from the US. Europe had a positive medical device trade balance of nearly $22.4 billion in 2017. Thus, the growth in the overall devices market will influence the growth of the European STD diagnostics market.
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- Market Coverage
- Market number available for – 2019-2025
- Base year- 2019
- Forecast period- 2020-2025
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
European STD Diagnostics Market by Disease Type
- Chlamydia
- Syphilis
- Gonorrhea
- Herpes Simplex Virus (HSV)
- Human Papilloma Virus (HPV)
- Human Immunodeficiency Virus (HIV)
- Others
European STD Diagnostics Market by Product
- Laboratory Testing Devices
- Point-of-Care (POC) Testing Devices
European STD Diagnostics Market by End-user
- Hospitals and Clinics
- Diagnostic Centers
- Homecare
Regional Analysis
- UK
- Germany
- Italy
- France
- Spain
- Rest of Europe
Company Profiles
- Abbott Laboratories, Inc.
- AbbVie Inc.
- Becton, Dickinson and Co.
- Biocartis NV
- Bio-Rad Laboratories, Inc.
- Danaher Corp.
- Eli Lilly and Co.
- Hoffmann-La Roche Ltd.
- Merck KGaA
- Thermo Fisher Scientific, Inc.
The Report Covers
- Comprehensive research methodology of the European STD Diagnostics market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the European STD Diagnostics market.
- Insights about market determinants which are stimulating the European STD Diagnostics market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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