Germany Biosensors Market Size & Outlook, 2022-2030
Germany biosensors market, 2018-2030 (US$M)
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Germany biosensors market highlights
- The Germany biosensors market generated a revenue of USD 1,310.7 million in 2022 and is expected to reach USD 2,292.6 million by 2030.
- The Germany market is expected to grow at a CAGR of 7.2% from 2023 to 2030.
- In terms of segment, electrochemical was the largest revenue generating technology in 2022.
- Optical is the most lucrative technology segment registering the fastest growth during the forecast period.
Biosensors market data book summary
| Market revenue in 2022 | USD 1,310.7 million |
| Market revenue in 2030 | USD 2,292.6 million |
| Growth rate | 7.2% (CAGR from 2022 to 2030) |
| Largest segment | Electrochemical |
| Fastest growing segment | Optical |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Thermal, Electrochemical, Piezoeletric, Optical |
| Key market players worldwide | Bio-Rad Laboratories Inc, Medtronic PLC, Abbott Laboratories, Biosensors, Pinnacle Financial Partners Inc, DuPont Nutrition & Biosciences, Johnson & Johnson, Koninklijke Philips NV, Nova Biomedical, Koch Industries, TDK Corp, Siemens AG |
Other key industry trends
- In terms of revenue, Germany accounted for 4.9% of the global biosensors market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany biosensors market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 493.8 million by 2030.
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Biosensors Market Scope
Biosensors Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany biosensors market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biosensors market will help companies and investors design strategic landscapes.
Electrochemical was the largest segment with a revenue share of 69.05% in 2022. Horizon Databook has segmented the Germany biosensors market based on thermal, electrochemical, piezoeletric, optical covering the revenue growth of each sub-segment from 2018 to 2030.
In Germany, presence of favorable reimbursement policies is a primary factor expected to fuel the market growth over the forecast period. Germany maintains a stable healthcare system and almost 92.0% of the German population is covered under Statutory Health Insurance.
Statutory health insurance is being financed by statutory health insurance funds, which are monitored by public-law corporations. Under this policy, each insured person receives the necessary medical benefits from statutory health insurance regardless of their income.
In addition, private insurance policies are also available. Increasing healthcare expenditure by the government is also anticipated to boost market growth. According to Federal Statistical Office , in 2017, healthcare expenditure in Germany increased by 4.7% from 2016.
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Our clientele includes a mix of biosensors market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany biosensors market , including forecasts for subscribers. This country databook contains high-level insights into Germany biosensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany biosensors market size, by technology, 2018-2030 (US$M)
Germany Biosensors Market Outlook Share, 2022 & 2030 (US$M)
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