Europe In Vitro Diagnostics Market Size & Outlook, 2025-2028
Europe In Vitro Diagnostics Market Size
According to Straits Research analysis, The Europe In Vitro Diagnostics Market was valued at USD 23,425.61 Million in 2024 and is projected to reach USD 28,189.74 Million by 2028, expanding at a CAGR of 4.9% during the forecast period. This strong market growth is fueled by the rising demand from industries like healthcare and pharmaceuticals, with In Vitro Diagnostics widely used for diagnosing diseases, screening for health risks, and therapeutic monitoring. Furthermore, technological advances in diagnostic devices and increasing health care awareness among the population are significant factors driving market growth. Alongside, the market sees tremendous potential in incorporating sustainable practices and green production methods. Looking forward, Europe is poised to further strengthen its position in the market, largely attributable to its robust health infrastructure and focus on technological advancements.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Europe In Vitro Diagnostics Market Highlights
- By market size, Reagents and Kits led the Product and Services category in 2024.
- The Product and Services segment led by Reagents and Kits is estimated to post the fastest growth, sustaining its position as the most lucrative during the forecast timeframe.
- The global in vitro diagnostics market size saw Europe holding a share of 28.23% in 2024.
- United States is forecasted to account for the leading share of the global market by 2028.
- In Europe, France is forecasted to be the fastest-expanding market, projected to reach USD 45534 Million by 2028.
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Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2020-2028 |
| Historical Period | 2020-2023 |
| Forecast Period | 2025-2028 |
| Market Size In 2024 | USD 23425.61 Million |
| Market Size In 2028 | USD 28189.74 Million |
| Largest segment | Reagents and Kits |
| Fastest segment | Reagents and Kits |
| Units | Revenue in USD Million |
| CAGR | 4.9% (2025-2028) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Europe In Vitro Diagnostics Market Share By Product and Services
Segmentation Covered
| Segments | Sub Segments |
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Europe In Vitro Diagnostics Market By Country 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Europe In Vitro Diagnostics Market By Product and Services 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Europe In Vitro Diagnostics Market By Technology 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Europe In Vitro Diagnostics Market By Application 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Europe In Vitro Diagnostics Market By End User 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
