Italy Biotechnology Market Size & Outlook, 2023-2030
Italy biotechnology market, 2018-2030 (US$M)
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Italy biotechnology market highlights
- The Italy biotechnology market generated a revenue of USD 46,251.6 million in 2023 and is expected to reach USD 109,033.0 million by 2030.
- The Italy market is expected to grow at a CAGR of 13% from 2024 to 2030.
- In terms of segment, health was the largest revenue generating application in 2023.
- Bioinformatics is the most lucrative application segment registering the fastest growth during the forecast period.
Biotechnology market data book summary
| Market revenue in 2023 | USD 46,251.6 million |
| Market revenue in 2030 | USD 109,033.0 million |
| Growth rate | 13% (CAGR from 2023 to 2030) |
| Largest segment | Health |
| Fastest growing segment | Bioinformatics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Health, Food & Agriculture, Natural reseources & Environment, Industrial Processing, Bioinformatics, Others Applications |
| Key market players worldwide | AstraZeneca PLC, Gilead Sciences Inc, Bristol-Myers Squibb Co, Sanofi SA, Biogen Inc, Abbott Laboratories, Pfizer Inc, Amgen Inc, Novo Nordisk A/S ADR, Merck KGaA, Johnson & Johnson, Novartis AG ADR, Roche Holding AG, Lonza Group Ltd |
Other key industry trends
- In terms of revenue, Italy accounted for 3.0% of the global biotechnology market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany biotechnology market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 227,707.0 million by 2030.
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Biotechnology Market Scope
Biotechnology Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy biotechnology 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 biotechnology market will help companies and investors design strategic landscapes.
Health was the largest segment with a revenue share of 44.16% in 2023. Horizon Databook has segmented the Italy biotechnology market based on health, food & agriculture, natural reseources & environment, industrial processing, bioinformatics, others applications covering the revenue growth of each sub-segment from 2018 to 2030.
The Italy biotechnology market has grown in recent years in terms of production, investment, and marketing. The Italy biotechnology firms are actively engaged in research, testing, and development of innovative technologies in a wide range of fields.
For instance, in January 2021, under the EU Horizon 2020 Research and Innovation program, a new international project was launched in Italy to understand the role of Alin genomics and health data. According to a report published by Industry and Business Association Unit, investments in Italian biotechnology sector reached more than EUR 700-1,000 million before 2020.
The same report further stated that 49% of total biotechnology companies are involved in healthcare sector. The Italian biotechnology industry is made up of small and micro companies (Around 80%). In Italy, there are 375 new therapeutics projects currently in progress.
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Our clientele includes a mix of biotechnology 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 biotechnology market , including forecasts for subscribers. This country databook contains high-level insights into Italy biotechnology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy biotechnology market size, by application, 2018-2030 (US$M)
Italy Biotechnology Market Outlook Share, 2023 & 2030 (US$M)
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