Germany Cell Culture Market Size & Outlook, 2023-2030
Germany cell culture market, 2018-2030 (US$M)
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Germany cell culture market highlights
- The Germany cell culture market generated a revenue of USD 1,309.0 million in 2023 and is expected to reach USD 2,473.3 million by 2030.
- The Germany market is expected to grow at a CAGR of 9.5% from 2024 to 2030.
- In terms of segment, consumables was the largest revenue generating product in 2023.
- Consumables is the most lucrative product segment registering the fastest growth during the forecast period.
Cell culture market data book summary
| Market revenue in 2023 | USD 1,309.0 million |
| Market revenue in 2030 | USD 2,473.3 million |
| Growth rate | 9.5% (CAGR from 2023 to 2030) |
| Largest segment | Consumables |
| Fastest growing segment | Consumables |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumables, Instruments |
| Key market players worldwide | Sartorius AG, Danaher Corp, Merck KGaA, Thermo Fisher Scientific Inc, Corning Inc, Avantor Inc, BD, Eppendorf, Bio-Techne Corp, PromoCell GmbH |
Other key industry trends
- In terms of revenue, Germany accounted for 7.1% of the global cell culture market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK cell culture market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 2,552.4 million by 2030.
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Cell Culture Market Scope
Cell Culture Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany cell culture 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 cell culture market will help companies and investors design strategic landscapes.
Consumables was the largest segment with a revenue share of 57.78% in 2023. Horizon Databook has segmented the Germany cell culture market based on consumables, instruments covering the revenue growth of each sub-segment from 2018 to 2030.
Germany’s cell culture market is favored by an established biopharmaceutical industry, increasing R&D activities by biopharmaceutical companies, and a high prevalence of chronic diseases, such as cancer & diabetes. Extensive R&D activities by regional players and research institutions to develop novel vaccines & therapeutics are anticipated to create significant demand for cell culture solutions for research & clinical applications.
Moreover, the presence of key players, such as Merck KGaA, Promo Cell GmbH, and Sartorius AG, and their continuous strategic initiatives are anticipated to support the market growth in the country. For instance, in November 2021, Sartorius AG opened its Cell Culture Technology Center at the Scientific Hub of Ulm, Germany, to develop cell lines & cell culture media.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany cell culture market , including forecasts for subscribers. This country databook contains high-level insights into Germany cell culture market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany cell culture market size, by product, 2018-2030 (US$M)
Germany Cell Culture Market Outlook Share, 2023 & 2030 (US$M)
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