Germany Clinical Laboratory Service Market Size & Outlook
Germany clinical laboratory service market, 2018-2030 (US$M)
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Germany clinical laboratory service market highlights
- The Germany clinical laboratory service market generated a revenue of USD 14,164.4 million in 2023 and is expected to reach USD 17,073.8 million by 2030.
- The Germany market is expected to grow at a CAGR of 2.7% from 2024 to 2030.
- In terms of segment, clinical chemistry was the largest revenue generating test type in 2023.
- Human & Tumor Genetics is the most lucrative test type segment registering the fastest growth during the forecast period.
Clinical laboratory service market data book summary
| Market revenue in 2023 | USD 14,164.4 million |
| Market revenue in 2030 | USD 17,073.8 million |
| Growth rate | 2.7% (CAGR from 2023 to 2030) |
| Largest segment | Clinical chemistry |
| Fastest growing segment | Human & Tumor Genetics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Human & Tumor Genetics, Clinical Chemistry, Medical Microbiology & Cytology, Other Esoteric Tests |
| Key market players worldwide | Labcorp Holdings Inc, Qiagen NV, Eurofins Scientific SE, Quest Diagnostics Inc, OPKO Health Inc, Siemens Healthineers AG ADR, NeoGenomics Inc, Fresenius Medical Care AG, Sonic Healthcare Ltd, Charles River Laboratories International Inc, SYNLAB Group, Mayo Clinic |
Other key industry trends
- In terms of revenue, Germany accounted for 6.1% of the global clinical laboratory service market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany clinical laboratory service market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 10,788.3 million by 2030.
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Clinical Laboratory Service Market Scope
Clinical Laboratory Service Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany clinical laboratory service 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 clinical laboratory service market will help companies and investors design strategic landscapes.
Clinical chemistry was the largest segment with a revenue share of 47.92% in 2023. Horizon Databook has segmented the Germany clinical laboratory service market based on human & tumor genetics, clinical chemistry, medical microbiology & cytology, other esoteric tests covering the revenue growth of each sub-segment from 2018 to 2030.
Germany held the largest share in the Europe clinical laboratory services market owing to a large number of laboratories and easy availability of innovative technology. The country’s reimbursement scenario is also lenient owing to higher prices set by manufacturers, as Germany maintains maximum VAT on medical devices.
However, the reimbursement limits compel manufacturers to restrict their use of technology to meet returns on investments. Recently, this market has witnessed consolidation among private laboratories, which purchase or work on behalf of hospitals.
This has positively influenced the market through the availability of group purchases. The country has conducted a significant number of COVID-19 diagnostic tests with a combined effort from government testing labs and private laboratories.
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Our clientele includes a mix of clinical laboratory service 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 clinical laboratory service market , including forecasts for subscribers. This country databook contains high-level insights into Germany clinical laboratory service market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany clinical laboratory service market size, by test type, 2018-2030 (US$M)
Germany Clinical Laboratory Service Market Outlook Share, 2023 & 2030 (US$M)
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