We are monitoring the impact of COVID-19 & Recession alarm on Europe Genetic Testing Market Get in touch with us for detailed analysis Know More
Share on

Europe Genetic Testing Market Research Report – Segmented By Type, Application and Country (United Kingdom, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands and Rest of Europe) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2022 to 2027)

Published: January, 2022
ID: 22
Pages: 139

Europe Genetic Testing Market Size (2022 to 2027)

The Genetic Testing Market size in Europe was worth USD 16.19 billion in 2022 and is estimated to reach USD 25.51 billion by 2027, growing at a CAGR of 9.52% during the forecast period. The European genetic testing market is growing continuously due to chronic disorders, cancer disease, and advanced diagnosis technology in Europe. 

Technologies such as next-generation sequencing made it possible to perform many genetic testing quickly and build databases with information about rare genetic diseases. As a result, several projects have been launched throughout Europe to raise public awareness about the benefits of genetic testing. In addition, governments are implementing several friendly and cooperative policies to integrate genetic testing into the healthcare system and make insurance reimbursements available to citizens. The most common screening tests in Europe include cancer genetic testing, Alzheimer's disease testing, and cystic fibrosis testing.

Personalized medicine is a thorough examination of the molecular underpinnings of a patient's ailment. Genetic testing and genome sequencing can be used to investigate the molecular underpinnings. Individuals are routinely screened for various uncommon and genetic disorders throughout Europe to ensure an early discovery, prevention, and management of any dangers. Because genetic testing plays such an important role in the process, the European genetic testing market outlook is expected to improve in the next few years.

The presence of well-known market companies involved in genetic testing and a favorable regulatory environment contribute to the industry's growth. Furthermore, improving patient awareness for early disease diagnosis and an increase in the prevalence of genetic diseases would drive market demand. In recent years, the practice of genetic testing for hereditary cancer syndromes has altered substantially. As a result, the need for genetic testing to detect cancer risks is driving the market's growth in developed countries such as Germany, France, and others.

However, some of the constraints that are likely to restrict the growth of the European genetic testing market are genomic data privacy, ethical and societal difficulties, and a lack of regulatory standards. During the forecast period, the genetic testing market is also expected to be hampered by concerns about the uniformity of genetic testing-based diagnoses and severe regulatory requirements for product approvals. Knowledge, health insurance, concerns about misuse of testing, privacy and confidentiality concerns, and distrust in their medical doctor are the specific barriers to genetic testing that are examined.

The research report on the European genetic testing market has been segmented and sub-segmented into the following categories.

By Application:

  • Cancer Testing
  • Pharmacogenomics Testing
  • Prenatal Testing
  • Predisposition Testing

By Test: 

  • Carrier Testing
  • Diagnostic Testing
  • Prenatal Testing
  • Neonatal Testing

By Country: 

  • UK
  • France
  • Spain
  • Germany
  • Italy
  • Russia
  • Sweden
  • Denmark
  • Switzerland
  • Netherlands
  • Turkey
  • Czech Republic
  • Rest of Europe

Regionally, the UK genetic testing market is estimated to dominate the European market during the forecast period. The United Kingdom is a high genetic disease-affected country. It is estimated that nearly 30000 pediatrics are newly diagnosed every year, and more than 2.5 million people have a genetic disorder. The UK government also initiated 100000 genome projects in 2018, and it published a second life science deal in 2018.

The genetic testing market in France is estimated to grow at a healthy rate during the forecast period. However, rising incidences of chronic diseases coupled with the increasing support from government organizations are majorly leveling up the market growth. 

Following France, the German genetic testing market is estimated to be growing at the fastest rate. The launch of reimbursement policies by the government is enhancing the demand of this market. Germany has taken the initiative with the help of a government insurance scheme in the country. In addition, the availability of skilled researchers in laboratories in developing innovative techniques is solely fuelling the market's growth rate.  

The Italian genetic testing market is expected to perform well in the coming years with the increasing incidences of infectious diseases. In addition, the growing prevalence to promote quality treatment services is leveraging the demand of the market. 

The Spain genetic testing market is expected to grow at a promising rate due to the awareness and rising disposable income in urban areas are significant factors for market growth.

KEY MARKET PLAYERS:

A few of the noteworthy companies operating in the European genetic testing market profiled in this report are Abbott Laboratories, Roche Molecular Diagnostics Inc., Abbott Molecular Inc., AutoGenomics Inc., Celera Group, ELITech Group, BioRad Laboratories, PerkinElmer Inc., Roche Diagnostics Corp., Quest Diagnostics Inc., Transgenomic Inc., and Applied Biosystems Inc.

1.Introduction                  

                1.1 Market Definition    

                1.2 Study Deliverables  

                1.3 Base Currency, Base Year and Forecast Periods           

                1.4 General Study Assumptions

2. Research Methodology                           

                2.1 Introduction              

                2.2 Analysis Design         

                2.3 Research Phases      

                                2.3.1 Secondary Research

                                2.3.2 Primary Research

                                2.3.3 Econometric Modelling

                                2.3.4 Expert Validation

                2.4 Study Timeline          

3. Overview                      

                3.1 Executive Summary

                3.2 Key Inferences         

                3.3 New Developments

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                      

                4.1 Market Drivers          

                4.2 Market Restraints    

                4.3 Key Challenges         

                4.4 Current Opportunities in the Market

5. Market Segmentation                              

                5.1 By Type        

                                5.1.1 Carrier Testing

                                5.1.2 Diagnostic Testing

                                5.1.3 Prenatal Testing

                                5.1.4 Neonatal Testing

                5.2 By Application           

                                5.2.1 Cancer Testing

                                5.2.2 Prenatal Testing

                                5.2.3 Pharmacogenomics Testing

                                5.2.4 Presdisposition Testing

6. Geographical Analysis                              

                6.1 Introduction              

                6.2 U.K

                6.3 Spain             

                6.4 Germany     

                6.5 Italy               

                6.6 France          

7.Strategic Analysis                        

                7.1 PESTLE analysis         

                                7.1.1 Political

                                7.1.2 Economic

                                7.1.3 Social

                                7.1.4 Technological

                                7.1.5 Legal

                                7.1.6 Environmental

                7.2 Porter’s Five analysis              

                                7.2.1 Bargaining Power of Suppliers

                                7.2.2 Bargaining Power of Consumers

                                7.2.3 Threat of New Entrants

                                7.2.4 Threat of Substitute Products and Services

                                7.2.5 Competitive Rivalry within the Industry

8.Market Leaders' Analysis                          

                8.1 Roche Molecular Diagnostics Inc.      

                                8.1.1 Overview

                                8.1.2 Product Analysis

                                8.1.3 Strategic Evaluation and Operations

                                8.1.4 Financial analysis

                                8.1.5 Legal issues

                                8.1.6 Recent Developments

                                8.1.7 SWOT analysis

                                8.1.8 Analyst View

                8.2 Abbott Laboratories

                8.3 AutoGenomics Inc. 

                8.4 Celera Group             

                8.5 ELITech Group          

                8.6 BioRad Laboratories

                8.7 Quest Diagnostics Inc             

                8.8 Transgenomic Inc.   

                8.9 Applied Biosystems Inc.,       

                8.10 PerkinElmer Inc      

9.Competitive Landscape                            

                9.1 Market share analysis            

                9.2 Merger and Acquisition Analysis        

                9.3 Agreements, collaborations and Joint Ventures          

                9.4 New Product Launches          

10.Expert Opinions                         

                10.1 Market Outlook     

                10.2 Investment Opportunities 

Appendix                           

                a) List of Tables

                b) List of Figures              

  1. Europe Genetic Testing Market By Region, From 2022 - 2027 (USD Billion)
  2. Europe Genetic Testing Market By Type, From 2022 - 2027 (USD Billion)
  3. Europe Carrier Testing Market By Region, From 2022 - 2027 (USD Billion)
  4. Europe Diagnostic Testing Market By Region, From 2022 - 2027 (USD Billion)
  5. Europe Prenatal Testing Market By Region, From 2022 - 2027 (USD Billion)
  6. Europe Neonatal Testing Market By Region, From 2022 - 2027 (USD Billion)
  7. Europe Genetic Testing Market By Application, From 2022 - 2027 (USD Billion)
  8. Europe Cancer Testing Market By Region, From 2022 - 2027 (USD Billion)
  9. Europe Prenatal Testing Market By Region, From 2022 - 2027 (USD Billion)
  10. Europe Pharmacogenomics Testing Market By Region, From 2022 - 2027 (USD Billion)
  11. Europe Predisposition Testing Market By Region, From 2022 - 2027 (USD Billion)
  12. U.K. Genetic Testing Market By Type, From 2022 - 2027 (USD Billion)
  13. U.K. Genetic Testing Market By Application, From 2022 - 2027 (USD Billion)
  14. Germany Genetic Testing Market By Type, From 2022 - 2027 (USD Billion)
  15. Germany Genetic Testing Market By Application, From 2022 - 2027 (USD Billion)
  16. France Genetic Testing Market By Type, From 2022 - 2027 (USD Billion)
  17. France Genetic Testing Market By Application, From 2022 - 2027 (USD Billion)
  18. Italy Genetic Testing Market By Type, From 2022 - 2027 (USD Billion)
  19. Italy Genetic Testing Market By Application, From 2022 - 2027 (USD Billion)
  20. Spain Genetic Testing Market By Type, From 2022 - 2027 (USD Billion)
  21. Spain Genetic Testing Market By Application, From 2022 - 2027 (USD Billion)

Please wait. . . . Your request is being processed

Related Reports

PURCHASE OPTIONS

excel
$

3335


pdf excel
$

3680


pdf excel powerbi
$

5520


excel
$

2000

What You Get :

  • PDF Report Format.
  • Can be accessible by 1 single user.
  • 6 Months of Free Analyst Support.
  • PDF and Excel Datasheet Formats.
  • Can be accessible upto 2 to 5 users.
  • 1 Year of Free Analyst Support.
  • PDF, Excel and Power BI Dashboard.
  • Can be accessible by unlimited users.
  • 1 Year of Free Analyst Support.
  • Excel Datasheet Format.
  • Customized access as per user request.
  • Upgradable to other licenses.
customer-support
ASK FOR CUSTOMIZATION

Talk to our analyst and get customised report done according to your research needs

tag
INQUIRE FOR DISCOUNT

Check if you can avail any discount. Submit your details and our team will get back to you.

cloud-download
DOWNLOAD FREE SAMPLE

Request to avail a free sample report that reflects this market and its growth.

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 3335

Didn’t find what you’re looking for?
TALK TO OUR TEAM

Find it too expensive?
NO WORRIES!

Click for Request Sample