The European genomics biomarker market is estimated to grow significantly at a CAGR of more than 14% during the forecast period. Factors that are contributing significantly to the market growth include the presence of a well-developed healthcare sector and considerably high healthcare expenditure and infrastructure in its economies such as Germany, UK, France, and others. Other factors contributing to the European genomics biomarker market include the rising prevalence of chronic diseases such as heart disease, cancer, diabetes, stroke, and arthritis. Unhealthy lifestyle such as smoking, consumption of drugs and alcohol in European countries are the major factors for increasing cancer incidences among men and women. Government initiatives, programs, and funding related to increasing awareness of cancer are also contributing to the growth of the market in the region.
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The European genomic biomarker market is segmented on the basis of application and end-user. On the basis of application, the market is segmented into oncology, cardiology, neurology, and others. There is a huge scope for the market in the oncology segment due to the increasing prevalence of cancer. On the basis of end-user, the market is segmented into hospitals and diagnostic. Further, the report covers the country-level analysis of the genomics biomarker market in Europe. The major economies covered in the report include UK, Germany, Italy, Spain, France, and the Rest of Europe. The rest of Europe is estimated to hold a significant share in the market owing to the increasing healthcare spending in countries such as the Netherlands and Poland. As a result, it is primarily contributing to the adoption of advanced biomarkers for screening and detection of disease and thereby enabling the demand for genomic biomarkers. Moreover, Germany, UK, and Spain are estimated to grow at a considerable CAGR during the forecast period. The significant prevalence of CVD and cancer is expected to propel the adoption of the genomic biomarker in these countries.
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Market Segmentation
European Genomic Biomarker Market by Application
- Oncology
- Cardiology
- Neurology
- Others
European Genomic Biomarker Market by End-User
- Hospitals
- Diagnostic & Research Laboratories
Regional Analysis
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Company Profiles
- Abcodia Ltd.
- Acobiom SAS
- Agendia N.V.
- Agilent Technologies, Inc.
- Avacta Group Plc
- Bayer AG
- BioMérieux S.A.
- BioPorto Diagnostics A/S
- Bio-Rad Laboratories, Inc.
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