Germany Blood Testing Market Size & Outlook, 2023-2030
Germany blood testing market, 2018-2030 (US$M)
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Germany blood testing market highlights
- The Germany blood testing market generated a revenue of USD 4,134.4 million in 2023 and is expected to reach USD 5,982.9 million by 2030.
- The Germany market is expected to grow at a CAGR of 5.4% from 2024 to 2030.
- In terms of segment, covid-19 testing was the largest revenue generating test type in 2023.
- Glucose testing is the most lucrative test type segment registering the fastest growth during the forecast period.
Blood testing market data book summary
| Market revenue in 2023 | USD 4,134.4 million |
| Market revenue in 2030 | USD 5,982.9 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | Covid-19 testing |
| Fastest growing segment | Glucose testing |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Glucose testing, A1C testing, Direct LDL testing, Lipid panel testing, Prostate-specific antigen testing, COVID-19 testing, BUN testing, Vitamin D testing, Thyroid-stimulating hormone testing, Serum Nicotine / Cotinine testing, High sensitivity CRP testing, Testosterone testing, ALT testing, Cortisol testing, Creatinine testing, AST testing, Other blood tests |
| Key market players worldwide | Abbott Laboratories, Roche Holding AG ADR, Bio-Rad Laboratories Inc, BioMerieux SA, Quest Diagnostics Inc, Biomerica Inc, Becton Dickinson & Co, Siemens Healthineers AG ADR, Danaher Corp, Trinity Biotech PLC ADR |
Other key industry trends
- In terms of revenue, Germany accounted for 4.2% of the global blood testing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany blood testing market is projected to lead the regional market in terms of revenue in 2030.
- Russia is the fastest growing regional market in Europe and is projected to reach USD 2,254.6 million by 2030.
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Blood Testing Market Scope
Blood Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany blood testing 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 blood testing market will help companies and investors design strategic landscapes.
Covid-19 testing was the largest segment with a revenue share of 18.85% in 2023. Horizon Databook has segmented the Germany blood testing market based on glucose testing, a1c testing, direct ldl testing, lipid panel testing, prostate-specific antigen testing, covid-19 testing, bun testing, vitamin d testing, thyroid-stimulating hormone testing, serum nicotine / cotinine testing, high sensitivity crp testing, testosterone testing, alt testing, cortisol testing, creatinine testing, ast testing, other blood tests covering the revenue growth of each sub-segment from 2018 to 2030.
Germany is the largest contributor to Europe blood testing market. In 2020, Germany accounted for the highest market share owing to high healthcare expenditure, easy availability of products, and presence of well-equipped laboratories.
New market entrants are strategically collaborating with various companies to enhance rapid diagnostic technology, which is anticipated to boost the market growth in Germany during the forecast period.
For instance, in August 2019, Expedeon AG signed a commercial agreement with Sona Nanotech, Inc. As per the agreement, Expedeon will be providing its bioconjugation technologies, gold nanoparticle, and expertise, while Sona Nanotech, Inc. will be offering its lateral flow developing services.
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Our clientele includes a mix of blood testing market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany blood testing market , including forecasts for subscribers. This country databook contains high-level insights into Germany blood testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany blood testing market size, by test type, 2018-2030 (US$M)
Germany Blood Testing Market Outlook Share, 2023 & 2030 (US$M)
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