The biotechnology market in Germany is expected to reach a projected revenue of US$ 229,672.7 million by 2030. A compound annual growth rate of 12% is expected of Germany biotechnology market from 2024 to 2030.
AstraZeneca PLC, Gilead Sciences Inc, Bristol-Myers Squibb Co, Sanofi SA, Biogen Inc, Abbott Laboratories, Pfizer Inc, Amgen Inc, Novo Nordisk A/S ADR, Merck KGaA, Johnson & Johnson, Novartis AG ADR, Roche Holding AG, Lonza Group Ltd
Other key industry trends
In terms of revenue, Germany accounted for 6.7% of the global biotechnology market in 2023.
Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
In Europe, Germany biotechnology 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 227,707.0 million by 2030.
Germany accounted for a substantial revenue share in Europe biotechnology market. The close cooperation between research institutes, biotechnology companies, technology parks, and government is a major factor contributing to the market growth in Germany.
Germany is home to major global biotechnology companies, such as Merck KGaA, Eppendorf AG, Sartorius AG, and Cell Genix GmbH, which are expected to witness significant growth in the coming years owing to growing adoption of biotechnology products including biopharmaceuticals.
In December 2020, Merck collaborated with Siemens for the construction of modular plant at its Darmstadt site with the investment of USD 12 million. This development was aimed to digitalize production process for biopharmaceutical products and life sciences tools.
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Health was the largest segment with a revenue share of 44.76% in 2023.
Horizon Databook has segmented the Germany biotechnology market based on health, food & agriculture, natural reseources & environment, industrial processing, bioinformatics, others applications covering the revenue growth of each sub-segment from 2018 to 2030.
Germany accounted for a substantial revenue share in Europe biotechnology market. The close cooperation between research institutes, biotechnology companies, technology parks, and government is a major factor contributing to the market growth in Germany.
Germany is home to major global biotechnology companies, such as Merck KGaA, Eppendorf AG, Sartorius AG, and Cell Genix GmbH, which are expected to witness significant growth in the coming years owing to growing adoption of biotechnology products including biopharmaceuticals.
In December 2020, Merck collaborated with Siemens for the construction of modular plant at its Darmstadt site with the investment of USD 12 million. This development was aimed to digitalize production process for biopharmaceutical products and life sciences tools.
Germany Biotechnology Market Technology Outlook (Revenue, USD Million , 2018-2030)
Fermentation
Chromatography Market
DNA Sequencing
Cell Based Assay
Others
PCR Technology
Nanobiotechnology
Tissue engineering and Regeneration
Germany Biotechnology Market Application Outlook (Revenue, USD Million , 2018-2030)
Natural reseources & Environment
Others Applications
Food & Agriculture
Health
Industrial Processing
Bioinformatics
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany Biotechnology Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Germany Biotechnology Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.