Germany Companion Animal Diagnostics Market Size & Outlook
Germany companion animal diagnostics market, 2016-2027 (US$M)
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Germany companion animal diagnostics market highlights
- The Germany companion animal diagnostics market generated a revenue of USD 149.1 million in 2021 and is expected to reach USD 252.8 million by 2027.
- The Germany market is expected to grow at a CAGR of 9.2% from 2022 to 2027.
- In terms of segment, dogs was the largest revenue generating species in 2021.
- Cats is the most lucrative species segment registering the fastest growth during the forecast period.
Companion animal diagnostics market data book summary
| Market revenue in 2021 | USD 149.1 million |
| Market revenue in 2027 | USD 252.8 million |
| Growth rate | 9.2% (CAGR from 2021 to 2027) |
| Largest segment | Dogs |
| Fastest growing segment | Cats |
| Historical data | 2016 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Dogs, Cats |
| Key market players worldwide | Zoetis, IDEXX Laboratories Inc, Veterinary Pharmaceutical Solutions, Thermo Fisher Scientific Inc, Neogen Corp |
Other key industry trends
- In terms of revenue, Germany accounted for 3.3% of the global companion animal diagnostics market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Europe, UK companion animal diagnostics market is projected to lead the regional market in terms of revenue in 2027.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 252.8 million by 2027.
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Companion Animal Diagnostics Market Scope
Companion Animal Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany companion animal diagnostics 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 companion animal diagnostics market will help companies and investors design strategic landscapes.
Dogs was the largest segment with a revenue share of 42.92% in 2021. Horizon Databook has segmented the Germany companion animal diagnostics market based on dogs, cats covering the revenue growth of each sub-segment from 2016 to 2027.
Furthermore, rising animal adoption is expected to fuel the market growth. Germany has the highest number of companion animals in Europe. As per a survey commissioned by the Industrieverband and Heimtierbedarf (IVH) e.V., 44% of all households in Germany have at least one domestic animal.
This showcases the potential demand for companion animal diagnostics market in the country. Germany is anticipated to grow at a constant rate due to growing number of R&D activities and influx of new animal products.
In addition, increase in government initiatives for improvement of overall healthcare facilities across this region is anticipated to present the region with lucrative growth opportunities. Moreover, implementation of EU directive introduced in 2010, which aims at preventing & reducing food-borne diseases, is anticipated to encourage adoption of animal health products.
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Target buyers of Germany companion animal diagnostics market databook
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Our clientele includes a mix of companion animal diagnostics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Germany companion animal diagnostics market, including forecasts for subscribers. This country databook contains high-level insights into Germany companion animal diagnostics market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Germany companion animal diagnostics market size, by species, 2016-2027 (US$M)
Germany Companion Animal Diagnostics Market Share, 2021 & 2027 (US$M)
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