Key Market Indicators
Luxembourg's diagnostic reagent exports are projected to hit approximately $37 million by 2028, up from around $30 million in 2023. This marks an annual growth rate of 3.3%. Since 2004, the country's supply has increased by 4.8% each year. In 2023, Luxembourg ranked 32nd globally in diagnostic reagent exports, with Israel surpassing it at the same $30 million mark. Germany, the Netherlands, and the United Kingdom occupied the second, third, and fourth positions, respectively, in this ranking. On the import side, Luxembourg is set to reach about $38 million by 2028, rising from roughly $34 million in 2023. This indicates an average annual growth rate of 1.5%. Since 2004, the nation's demand for diagnostic reagents has grown by 1.6% annually.
