The laboratory supplies market in Germany is expected to reach a projected revenue of US$ 4,731.7 million by 2030. A compound annual growth rate of 7.3% is expected of Germany laboratory supplies market from 2024 to 2030.
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.
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.
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 Outlook 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.
Germany Laboratory Supplies Market Product Outlook (Revenue, USD Million , 2018-2030)
Equipment
Disposables
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany Laboratory Supplies Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Germany Laboratory Supplies Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.