Italy Biosensors Market Size & Outlook, 2022-2030
Italy biosensors market, 2018-2030 (US$M)
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Italy biosensors market highlights
- The Italy biosensors market generated a revenue of USD 263.7 million in 2022 and is expected to reach USD 493.8 million by 2030.
- The Italy market is expected to grow at a CAGR of 8.2% from 2023 to 2030.
- In terms of segment, electrochemical was the largest revenue generating technology in 2022.
- Optical is the most lucrative technology segment registering the fastest growth during the forecast period.
Biosensors market data book summary
| Market revenue in 2022 | USD 263.7 million |
| Market revenue in 2030 | USD 493.8 million |
| Growth rate | 8.2% (CAGR from 2022 to 2030) |
| Largest segment | Electrochemical |
| Fastest growing segment | Optical |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Thermal, Electrochemical, Piezoeletric, Optical |
| Key market players worldwide | Bio-Rad Laboratories Inc, Medtronic PLC, Abbott Laboratories, Biosensors, Pinnacle Financial Partners Inc, DuPont Nutrition & Biosciences, Johnson & Johnson, Koninklijke Philips NV, Nova Biomedical, Koch Industries, TDK Corp, Siemens AG |
Other key industry trends
- In terms of revenue, Italy accounted for 1.0% of the global biosensors market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany biosensors market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 493.8 million by 2030.
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Biosensors Market Scope
Biosensors Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy biosensors 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 biosensors market will help companies and investors design strategic landscapes.
Electrochemical was the largest segment with a revenue share of 69.78% in 2022. Horizon Databook has segmented the Italy biosensors market based on thermal, electrochemical, piezoeletric, optical covering the revenue growth of each sub-segment from 2018 to 2030.
The Italy biosensors market is at the developing stage. Increasing adoption of technologically advanced products and rising incidence of diabetes are among the major factors expected to positively influence the market growth over the forecast period.
Furthermore, the recent outbreak of COVID-19 has positively influenced biosensors market in Italy. For instance, in April 2020, MEDIWARN project, funded by ERDF, introduced new biosensors for rapid detection and monitoring of COVID-19 among patients in Italy. Therefore, these factors are anticipated to promote the market growth in Italy over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy biosensors market , including forecasts for subscribers. This country databook contains high-level insights into Italy biosensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy biosensors market size, by technology, 2018-2030 (US$M)
Italy Biosensors Market Outlook Share, 2022 & 2030 (US$M)
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