Germany Veterinary Diagnostics Market Size & Outlook
Germany veterinary diagnostics market, 2018-2030 (US$M)
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Germany veterinary diagnostics market highlights
- The Germany veterinary diagnostics market generated a revenue of USD 658.7 million in 2023 and is expected to reach USD 1,134.8 million by 2030.
- The Germany market is expected to grow at a CAGR of 8.1% from 2024 to 2030.
- In terms of segment, consumables, reagents & kits was the largest revenue generating product in 2023.
- Consumables, Reagents & Kits is the most lucrative product segment registering the fastest growth during the forecast period.
Veterinary diagnostics market data book summary
| Market revenue in 2023 | USD 658.7 million |
| Market revenue in 2030 | USD 1,134.8 million |
| Growth rate | 8.1% (CAGR from 2023 to 2030) |
| Largest segment | Consumables, reagents & kits |
| Fastest growing segment | Consumables, Reagents & Kits |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumables, Reagents & Kits, Equipment & Instruments |
| Key market players worldwide | IDEXX Laboratories Inc, Zoetis Inc Class A, Antech Diagnostics, Hera SpA, Embark, Esaote, Thermo Fisher Scientific Inc, Virbac SA, FUJIFILM Holdings Corp |
Other key industry trends
- In terms of revenue, Germany accounted for 7.1% of the global veterinary diagnostics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK veterinary diagnostics market is projected to lead the regional market in terms of revenue in 2030.
- Sweden is the fastest growing regional market in Europe and is projected to reach USD 284.9 million by 2030.
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Veterinary Diagnostics Market Scope
Veterinary Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany veterinary 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 veterinary diagnostics market will help companies and investors design strategic landscapes.
Consumables, reagents & kits was the largest segment with a revenue share of 52.86% in 2023. Horizon Databook has segmented the Germany veterinary diagnostics market based on consumables, reagents & kits, equipment & instruments covering the revenue growth of each sub-segment from 2018 to 2030.
About 80% of the land in Germany is for agricultural use. The country is the foremost producer and exporter in the agricultural and food industries with most of its commodities, consisting of meat products.
In addition, the adoption of companion animals is high in the country, with around 44% of households having at least one domestic animal. Cats are the number one companion animal, followed by dogs. These factors are likely to boost the growth of animal diagnostics and healthcare market.
Germany has large number of institutes and universities that adopt veterinary animal diagnostics techniques to serve their research purposes, thereby boosting revenue generation in the country. Moreover, conferences and workshops held in Germany related to animal diagnostics technology are expected to drive market growth.
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Target buyers of Germany veterinary diagnostics market databook
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Our clientele includes a mix of veterinary 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 veterinary diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into Germany veterinary diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany veterinary diagnostics market size, by product, 2018-2030 (US$M)
Germany Veterinary Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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