The sold production of composite diagnostic or laboratory reagents in Germany has seen consistent growth over the years, with a notable acceleration in some periods. From 2013 to 2023, the value has increased nearly every year, with significant jumps in 2020 and 2021. As of 2023, the market stood at 3.7291 billion Euros. The year-on-year variation was 9.74% in 2023, reflecting strong market dynamics.
Looking at the last two years, from 2022 to 2023, there was a noticeable average growth rate of nearly 9%. The compound annual growth rate (CAGR) over the last five years, from 2019 to 2023, was robust at approximately 10.49%, indicating a steady upward trajectory in the industry's value.
Future trends to watch for include continued advancements in diagnostic technologies, increasing investment in research and development, and potential regulatory changes. The forecasted CAGR from 2024 to 2028 is 5.63%, suggesting sustained but more moderate growth, with an expected overall growth rate of 31.5% over the next five years. This points towards ongoing positive trends but with a potential for market stabilization.