Germany Flu Diagnostic and Treatment Market Size, Share, Opportunities, And Trends By Type Of Flu (Type A, Type B), By Offering (Diagnostics (Rapid Influenza Diagnostic Test, Rapid Molecular Assay, Others), Therapeutics), By Age Group (0-14 Years, 15-64 Years, >=65 Years), And By End-User (Hospital Laboratory, Outpatient Clinic, Reference Laboratory) - Forecasts From 2022 To 2027

Germany Flu Diagnostic And Treatment Market Size:

The Germany flu diagnostic and treatment market is projected to grow at a CAGR of 14.13% throughout the forecast period to reach US$6,653.487 million in 2027, from US$2,638.271 million in 2020.

Germany Flu Diagnostic And Treatment Market Trends:

The market for flu diagnostics and treatment in Germany is anticipated to grow at a decent rate throughout the forecast period. The key factor that bolstered the growth of the market in this country is the availability of a highly developed healthcare industry. The rising prevalence of flu throughout the country is also one of the key factors that are anticipated to propel the growth opportunities for the market to achieve decent growth.

The rising prevalence of influenza is further augmenting the number of hospitalizations for treatment purposes and leading to an increase in the number of diagnostic tests, which is also projected to drive the market growth of flu diagnostic and treatment in the coming years.

Germany Flu Diagnostic And Treatment Market Growth Drivers:

• The German flu diagnostic and treatment market is expected to grow due to the rising number of cases, low medication prices, improved government measures, and others.

Furthermore, the increase in the number of hospitalizations for influenza-related illnesses is also projected to increase during the coming years, which is also anticipated to support the market growth during the forecast period and beyond. Moreover, the increasing government focus on quality healthcare services is leading to a surge in the healthcare expenditure of the country, which is also expected to provide opportunities for the market to grow in the upcoming years. For instance, according to the World Bank Group, current health expenditure (% of GDP) in Germany was 11.7% of its GDP in the year 2019. Similarly, according to the Federal Statistical Office (Destatis), in 2020, healthcare expenditure in Germany of 67.9 billion euros (approximately US$69.29) was financed from government subsidies. This was an increase of 31.5% as compared to 2019. All these factors are anticipated to collectively contribute to the growth of the flu diagnostics and treatment market in Germany.

Germany Flu Diagnostic And Treatment Market Products Offering:

• F. Hoffmann-La Roche Ltd. provides the Cobas® SARS-CoV-2-2 and Influenza A & B tests. The company claims that the test kit can differentiate between COVID-19 and the Flu. The test only takes 20 mins with minimum cross-contamination and risk of exposure during testing with the closed-system design.
• Abbott’s introduced ID NOWTM Influenza A & B 2 assay provides molecular flu results in 13 minutes or less, which is significantly faster than other molecular methods and more accurate than traditional rapid tests. The ability to make efficient treatment decisions is made possible by rapid diagnostic procedures with increased sensitivity.
• Influenza A IgM ELISA kit is designed for the specific IgM antibody detection and quantitative determination of influenza A in serum and plasma. The kit is a product of Impressum AGB, a Germany-based company.

Germany Flu Diagnostic And Treatment Market Segmentation:

• By Type of Flu
  • Type A
  • Type B
• By Offering
  • Diagnostics
    • Rapid Influenza Diagnostic Test
    • Rapid Molecular Assay
    • Others
  • Therapeutics
• By Age Group
  • 0-14 Years
  • 15-64 Years
  • >=65 Years
• By End-User