Industry Reports Services Press Release
  •   Blogs
  • Contact us About us

    Europe Esoteric Testing Market Size By Test type (Endocrinology, Infectious Disease & Immunology, Oncology, Toxicology, Neurology, Genomics), By Technology (Mass Spectrometry, Flow Cytometry, ELISA, Radioimmunoassay, Chemiluminescence, RT-PCR), Industry Analysis Report, Regional Outlook (Germany, UK, France, Italy, Spain, Russia, Poland, Sweden, The Netherlands, Portugal, Denmark, Norway), Application Potential, Competitive Market Share & Forecast, 2019 - 2025
    Published Date: May 2019   |   Report ID: GR1171   |   Delivery: PDF  Request Free Sample

    Europe Esoteric Testing Market size was valued at USD 6.3 billion in 2018 and is expected to witness 9.5% CAGR from 2019 to 2025.

    UK Esoteric Testing Market, By Test Type, 2018 & 2025 (USD Mn)

    Get more details on this report - Request Free Sample PDF

    Growing pervasiveness of rare diseases will highly influence Europe esoteric testing market growth in the forthcoming years. As per the International Society for Pharmacoeconomics and Outcomes Research, the prevalence of rare diseases in Germany is nearly 46 per 100,000 people. Thus, growing prevalence of rare and complex disorders should increase the need for disease testing, thereby impelling the demand for esoteric testing in Europe over the upcoming period.

    Increasing research and development regarding rare diseases in the European Union will positively impact Europe esoteric testing market growth in the future years. The Orphan Designation Programme was launched in the year 2000 to encourage firms for the development of drugs to treat rare diseases. Since then, several drugs have been developed and marketed across the region. Such efforts will drive the Europe esoteric testing industry growth in the projected period.

    Growing demand for genetic testing due to increasing incidence of genetic disorders should expand Europe esoteric testing business size in the foreseeable future. As per EURORDIS, Rare Diseases Europe, more than half of the rare diseases in Europe are genetic in nature. Such diseases are fatal and affects the patient for a long-term. Thus, with changing lifestyle, the incidence of genetic disorders will significantly rise, escalating the adoption of esoteric testing over the forecast years. However, restrictive regulations may hamper market growth to a certain extent.

    Oncology esoteric testing market is estimated to progress at 10.5% CAGR over the forecast timeframe. Accelerating prevalence of cancer will offer lucrative segment growth potential in the future years. Growing obesity, exposure to toxic pollutants as well as faltered eating habits will increase the risk of development of cancer. In addition, various funding activities by the European Commission's EU Health Programme for rare cancer projects will highly impact oncology esoteric testing segment growth in the coming years. 

    ELISA (enzyme-linked immunosorbent assay) esoteric testing technology market accounted for more than 20% market share in 2018. Wide acceptance of this technology for testing due to high specificity and reliability will drive business growth. Broad array of disease testing along with reagents and analytical testing further contributes to higher customer preference for ELISA technology. Moreover, rising investment in research and development of this technology will escalate the adoption of ELISA technology for esoteric testing over the foreseeable future.

    France esoteric testing market was valued at USD 1.0 billion in 2018. Increasing awareness regarding rare diseases and early disease diagnosis will augment French esoteric testing business size. In 2004, France recognized rare diseases as a severe health problem and introduced a National Plan for Rare Diseases, with an aim to provide accurate diagnosis and bolster research and pertinent treatment. Furthermore, growing initiatives for rare disease testing along with technological advancements in esoteric testing across the country should highly impact France esoteric testing market growth in the upcoming period.    

    Few of the key industry players competing in Europe esoteric testing industry involve Laboratory Corporation of America, Quest Diagnostics, Myriad Genetics and Opko Health. Companies are undertaking strategies including collaborations and acquisitions to gain competitive advantage over other industry players. For instance, In February 2017, Opko GeneDx announced collaboration with The Wellcome Trust Sanger Institute. The collaboration intended to verify the clinical utility of leveraging advanced genomic technologies.

    Over the past years, emergence of rare diseases led to development of niche testing kits, marking the beginning of esoteric testing industry. Initially, PCR technology for detection of human immunodeficiency virus (HIV) disease was regarded as esoteric test, which is now commonly equipped across the globe. However, surge in incidence of HIV, led to removal of esoteric label from such tests. Currently, many laboratories and firms across Europe are collaborating with healthcare facilities such as hospitals to perform specialized tests that are not affordable to such facilities. In the foreseeable future, rising pervasiveness of rare diseases will provide increased cost-effectivity for esoteric testing, should impel European esoteric testing industry growth over the forecast years.

    Frequently Asked Question(FAQ) :

    At what CAGR will Europe Esoteric Testing Market propel by 2024?
    Europe Esoteric Testing Market to witness 9.5% CAGR from 2019 to 2025.
    What was market share of ELISA (enzyme-linked immunosorbent assay) in market in 2018?
    ELISA (enzyme-linked immunosorbent assay) esoteric testing technology market accounted for more than 20% market share in 2018.
    Which factor stimulates Europe esoteric testing market growth?
    Availability of funding for rare diseases coupled with growing collaborations to develop effective treatment for rare diseases will stimulate Europe esoteric testing market growth.

    Get this research report on Europe Esoteric Testing Market customized according to your business requirements.

    report-purchase - logo Buy Now

    Why Choose us?

    • on-time delivery On-Time Delivery

      We commit to on-time delivery of reports to keep you ahead.

    • assured quality Assured Quility

      With a wide network of industry experts and trained in-house analysts, we assure best service quality.

    • Custom Research Service

      We offer research services to meet specific client requirements and provide them with actionable insights on target markets.

    • payment security Payment Security

      Our safe payment gateway gives you full control of your personal data, at all times.

    Connect with our sales team


     [email protected]