Germany Genotyping Market Size & Outlook, 2023-2030
Germany genotyping market, 2018-2030 (US$M)
Related Markets
Germany genotyping market highlights
- The Germany genotyping market generated a revenue of USD 987.0 million in 2023 and is expected to reach USD 2,442.8 million by 2030.
- The Germany market is expected to grow at a CAGR of 13.8% from 2024 to 2030.
- In terms of segment, reagents & kits was the largest revenue generating product in 2023.
- Reagents & kits is the most lucrative product segment registering the fastest growth during the forecast period.
Genotyping market data book summary
| Market revenue in 2023 | USD 987.0 million |
| Market revenue in 2030 | USD 2,442.8 million |
| Growth rate | 13.8% (CAGR from 2023 to 2030) |
| Largest segment | Reagents & kits |
| Fastest growing segment | Reagents & kits |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Reagents & kits, Services |
| Key market players worldwide | Illumina Inc, Thermo Fisher Scientific Inc, Qiagen NV, Roche, Fluidigm Corporation, Danaher Corp, Agilent Technologies, Eurofins Scientific SE, GE HealthCare Technologies Inc Common Stock, Bio-Rad Laboratories Inc |
Other key industry trends
- In terms of revenue, Germany accounted for 5.5% of the global genotyping market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany genotyping 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 2,107.6 million by 2030.
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Genotyping Market Scope
Genotyping Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany genotyping 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 genotyping market will help companies and investors design strategic landscapes.
Reagents & kits was the largest segment with a revenue share of 61.09% in 2023. Horizon Databook has segmented the Germany genotyping market based on instruments, reagents & kits, services covering the revenue growth of each sub-segment from 2018 to 2030.
The genotyping market in Germany is driven by increasing prevalence of chronic diseases and genetic diseases. In addition, healthcare expenditure in Germany is considered to be the highest in Europe. It was USD 5,472 in 2018, accounting for an increase of 8.3% from 2017. Hence, high healthcare expenditure and improvements in healthcare infrastructure are among factors driving the market.
Key manufacturers, such as Roche and Bio-Rad, are strengthening their operations in Germany. In addition, presence of dedicated genotyping companies, such as IKMB Genotyping, in this region is expected to boost genotyping market.
Rise in the number of collaborations between government and nongovernment organizations is anticipated to drive market growth. For instance, the German Federal Ministry of Education and Research granted EUR 3 million to research personalized medicine to treat glioblastoma.
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Target buyers of Germany genotyping market databook
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Our clientele includes a mix of genotyping 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 genotyping market , including forecasts for subscribers. This country databook contains high-level insights into Germany genotyping market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany genotyping market size, by product, 2018-2030 (US$M)
Germany Genotyping Market Outlook Share, 2023 & 2030 (US$M)
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