Italy Bioanalytical Testing Services Market Size & Outlook
Italy bioanalytical testing services market, 2018-2030 (US$M)
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Italy bioanalytical testing services market highlights
- The Italy bioanalytical testing services market generated a revenue of USD 124.3 million in 2023 and is expected to reach USD 226.7 million by 2030.
- The Italy market is expected to grow at a CAGR of 9% from 2024 to 2030.
- In terms of segment, small molecule was the largest revenue generating molecule in 2023.
- Large Molecule is the most lucrative molecule segment registering the fastest growth during the forecast period.
Bioanalytical testing services market data book summary
| Market revenue in 2023 | USD 124.3 million |
| Market revenue in 2030 | USD 226.7 million |
| Growth rate | 9% (CAGR from 2023 to 2030) |
| Largest segment | Small molecule |
| Fastest growing segment | Large Molecule |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Small Molecule, Large Molecule |
| Key market players worldwide | Thermo Fisher Scientific Inc, Icon PLC, Charles River Laboratories International Inc, Labcorp Holdings Inc, IQVIA Holdings Inc, Syneos Health, SGS AG, Intertek Group PLC, Pace Analytical Services |
Other key industry trends
- In terms of revenue, Italy accounted for 2.9% of the global bioanalytical testing services market in 2023.
- Country-wise, Kuwait is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany bioanalytical testing services market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 428.1 million by 2030.
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Bioanalytical Testing Services Market Scope
Bioanalytical Testing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy bioanalytical testing services market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to bioanalytical testing services market will help companies and investors design strategic landscapes.
Small molecule was the largest segment with a revenue share of 53.98% in 2023. Horizon Databook has segmented the Italy bioanalytical testing services market based on small molecule, large molecule covering the revenue growth of each sub-segment from 2018 to 2030.
Many pharmaceutical companies are turning to clinical outsourcing to increase their competitiveness and efficiency by focusing on their core competencies. Biopharmaceutical production is also prominent in the Italian pipelines, as three of the six total biomedicines approved in the EU are from Italy.
Italy has a high rate of pharmaceutical manufacture and is one of the main markets for clinical research. Such rises in pharmaceutical production boost the bioanalytical testing services market.
Moreover, Italy's pharmaceutical industry is growing due to increased drug demand and a simpler approval process for clinical trials. Italian biotech firms focus on oncology, infectious, cardiovascular, neurological, and inflammatory conditions.
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Our clientele includes a mix of bioanalytical testing services market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy bioanalytical testing services market , including forecasts for subscribers. This country databook contains high-level insights into Italy bioanalytical testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy bioanalytical testing services market size, by molecule, 2018-2030 (US$M)
Italy Bioanalytical Testing Services Market Outlook Share, 2023 & 2030 (US$M)
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