LSR market Germany 2018–2023

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Since 2020, the rapid spread of the coronavirus has led to an increase in demand for a wide range of LSR technologies. Now the coronavirus pandemic is over - and so is the special boom.

The decline in sales in 2023 is clear: the German LSR market will shrink by 7.1% to a total sales volume of 3.08 billion euros. This sends a clear signal.

The average sales growth over the last five years is positive: with average growth of 5.12%, the LSR industry is demonstrating its very good overall development and resilience.

Seen in this light, the estimated annual turnover of EUR 3.08 billion also creates a new basis that is significantly above the level of 2018 and 2019 and even exceeds the turnover of the first coronavirus year 2020. This fact also gives us a positive outlook for the future in difficult times.

In a nutshell: The Association of the Diagnostics Industry (VDGH)

As a trade association, the German Diagnostics Industry Association (VDGH) represents the interests of more than 100 companies operating in Germany with a total turnover of 5.4 billion euros in 2022. They manufacture examination systems and reagents for the diagnosis of human diseases, which generate a turnover of more than 2.3 billion euros, as well as instruments, reagents, test systems and consumables for research in the life sciences, which generate a turnover of 3.1 billion euros.

www.vdgh.de