Germany Microfluidics Market Size & Outlook, 2023-2030
Germany microfluidics market, 2018-2030 (US$M)
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Germany microfluidics market highlights
- The Germany microfluidics market generated a revenue of USD 2,057.6 million in 2023 and is expected to reach USD 4,427.6 million by 2030.
- The Germany market is expected to grow at a CAGR of 11.6% from 2024 to 2030.
- In terms of segment, medical was the largest revenue generating technology in 2023.
- Medical is the most lucrative technology segment registering the fastest growth during the forecast period.
Microfluidics market data book summary
| Market revenue in 2023 | USD 2,057.6 million |
| Market revenue in 2030 | USD 4,427.6 million |
| Growth rate | 11.6% (CAGR from 2023 to 2030) |
| Largest segment | Medical |
| Fastest growing segment | Medical |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Medical, Non-Medical |
| Key market players worldwide | Illumina Inc, Roche Holding AG ADR, PerkinElmer, Agilent Technologies Inc, Bio-Rad Laboratories Inc, Danaher Corp, Abbott Laboratories, Thermo Fisher Scientific Inc, Standard BioTools Inc |
Other key industry trends
- In terms of revenue, Germany accounted for 6.4% of the global microfluidics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany microfluidics market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 1,541.1 million by 2030.
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Microfluidics Market Scope
Microfluidics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany microfluidics 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 microfluidics market will help companies and investors design strategic landscapes.
Medical was the largest segment with a revenue share of 84.07% in 2023. Horizon Databook has segmented the Germany microfluidics market based on medical, non-medical covering the revenue growth of each sub-segment from 2018 to 2030.
Germany accounts for one of the largest market revenue shares owing to various government policies favoring research, the industrial introduction of advanced products, and the widespread diagnostics market within Europe.
The EIB-sponsored project supports the advancement of Spending's PCR diagnostic testing platform based on microfluidic technology to be employed in healthcare facilities such as hospitals. Moreover, mergers and acquisitions are also expected to drive the demand for microfluidics in Germany.
In September 2019, SCHOTT AG enrolled a purchase contract to acquire the microfluidic company MINIFAB Pty Ltd. This initiative was expected to permit both partners to substantially boost their product range in the diagnostics market.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany microfluidics market , including forecasts for subscribers. This country databook contains high-level insights into Germany microfluidics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany microfluidics market size, by technology, 2018-2030 (US$M)
Germany Microfluidics Market Outlook Share, 2023 & 2030 (US$M)
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