Germany Laboratory Supplies Market Size & Outlook
Germany laboratory supplies market, 2018-2030 (US$M)
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Germany laboratory supplies market highlights
- The Germany laboratory supplies market generated a revenue of USD 2,883.7 million in 2023 and is expected to reach USD 4,731.7 million by 2030.
- The Germany market is expected to grow at a CAGR of 7.3% from 2024 to 2030.
- In terms of segment, equipment was the largest revenue generating product in 2023.
- Disposables is the most lucrative product segment registering the fastest growth during the forecast period.
Laboratory supplies market data book summary
| Market revenue in 2023 | USD 2,883.7 million |
| Market revenue in 2030 | USD 4,731.7 million |
| Growth rate | 7.3% (CAGR from 2023 to 2030) |
| Largest segment | Equipment |
| Fastest growing segment | Disposables |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Equipment, Disposables |
| Key market players worldwide | Agilent Technologies Inc, Bio-Rad Laboratories Inc, Bruker Corp, Danaher Corp, FUJIFILM Holdings Corp, PerkinElmer, Sartorius AG, Shimadzu Corp, Thermo Fisher Scientific Inc, Waters Corp |
Other key industry trends
- In terms of revenue, Germany accounted for 7.0% of the global laboratory supplies market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany laboratory supplies 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 4,548.6 million by 2030.
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Laboratory Supplies Market Scope
Laboratory Supplies Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany laboratory supplies 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 laboratory supplies market will help companies and investors design strategic landscapes.
Equipment was the largest segment with a revenue share of 64.08% in 2023. Horizon Databook has segmented the Germany laboratory supplies market based on equipment, disposables covering the revenue growth of each sub-segment from 2018 to 2030.
Germany is one of the largest markets for medical devices in Europe. It is nearly four times larger than the medical devices market in the UK. Thus, Germany is a major market in Europe. According to WHO, as of 19th July 2020, nearly 201,574 confirmed cases of COVID-19 and approximately 9,084 deaths were reported in the country, and nearly 50,000 inhabitants were being tested each day for the same by private laboratories.
High incidence of infection coupled with increasing testing rate is anticipated to increase the demand for lab supplies. Furthermore, expansion plans undertaken by various stakeholders are anticipated to increase the demand for lab equipment and supplies.
For instance, in 2019, Celonic AG introduced its state-of-the-art facility in Heidelberg, Germany. This facility was anticipated to include four cell amplification rooms, three upstream production suites, and five downstream production suites.
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Our clientele includes a mix of laboratory supplies 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 laboratory supplies market , including forecasts for subscribers. This country databook contains high-level insights into Germany laboratory supplies market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany laboratory supplies market size, by product, 2018-2030 (US$M)
Germany Laboratory Supplies Market Outlook Share, 2023 & 2030 (US$M)
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