Laboratory Market and Equipment
German Laboratory Market
Germany is the largest laboratory diagnostics market in Europe. The German lab market, at 4.5 billion euros, has relatively low prices compared to other European lab markets. Suppliers in Germany are thus more consolidated and cost-efficient.
How is the laboratory diagnostics market shaping up in Germany?
Germany represents the largest laboratory diagnostics market in Europe and plays a prominent role. With a volume of 4.5 billion euros, Germany offers favorable pricing opportunities compared to other European markets. As a result, suppliers in Germany are increasingly consolidating and optimizing their cost structures.
Laboratory diagnostics comprises less than 3% of total costs in the German healthcare system. However, it provides 70 to 80 % of objective data.
There are approximately 200 major private labs and 460 hospital laboratories in Germany.
We expect further consolidation of German laboratories, in terms of number of practice units.
One driver of the consolidation of the German lab market is the bundling of smaller labs into groups. However, this will not have an impact on the number in analysis.
The conventional labmarket in Germany could shrink due to the creeping replacement by POCT.
POCT
Typical POCT analyses are:
– Blood gas values
– Troponin I
– D-dimers
– CBC / CRP
– INR, aPTT
– blood glucose
– Sodium, potassium, lactate or
– creatinine
Asian Laboratory Equipment Market
The Asian lab equipment market offers some surprises. In 2016, Indian labs invested more in premium lab equipment than labs in the Chinese market.
Clinical laboratory services market
The clinical lab services market can be segmented into the following lab testing categories:
– Clinical Chemistry
– Genetic testing
– Medical microbiology
– Cytology tests
The global clinical lab services market is valued at $170 billion in 2016 and is expected to grow at a CAGR of 5.5% to 6.0% by 2020.
The most interesting market segment within the clinical lab services market is that medical microbiology & cytology testing has among the highest CAGR of more than 7%.
