Italy Cancer Diagnostics Market Size & Outlook, 2023-2030
Italy cancer diagnostics market, 2018-2030 (US$M)
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Italy cancer diagnostics market highlights
- The Italy cancer diagnostics market generated a revenue of USD 3,720.7 million in 2023 and is expected to reach USD 5,052.8 million by 2030.
- The Italy market is expected to grow at a CAGR of 4.5% from 2024 to 2030.
- In terms of segment, consumables was the largest revenue generating product in 2023.
- Consumables is the most lucrative product segment registering the fastest growth during the forecast period.
Cancer diagnostics market data book summary
| Market revenue in 2023 | USD 3,720.7 million |
| Market revenue in 2030 | USD 5,052.8 million |
| Growth rate | 4.5% (CAGR from 2023 to 2030) |
| Largest segment | Consumables |
| Fastest growing segment | Consumables |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Services, Instruments, Consumables |
| Key market players worldwide | Abbott Laboratories, Roche Holding AG, GE HealthCare Technologies Inc Common Stock, Qiagen NV, Becton Dickinson & Co, Koninklijke Philips NV, Siemens Healthineers AG ADR, Hologic Inc, Thermo Fisher Scientific Inc, Illumina Inc |
Other key industry trends
- In terms of revenue, Italy accounted for 3.5% of the global cancer diagnostics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany cancer diagnostics 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 9,637.9 million by 2030.
Consumables was the largest segment with a revenue share of 59.99% in 2023. Horizon Databook has segmented the Italy cancer diagnostics market based on services, instruments, consumables covering the revenue growth of each sub-segment from 2018 to 2030.
In August 2022, the Lung Ambition Alliance—launched by the International Association for the Study of Lung Cancer, the Worldwide Lung Cancer Coalition, AstraZeneca, and Guardant Health—established the Lung Cancer Policy Network as a multistakeholder global project. AstraZeneca, Guardant Health, Johnson & Johnson, and Medtronic funded the initiative to help enhance cancer screening in Italy.
Moreover, the country’s market is supported by increasing government initiatives and innovations in technology & approach to cancer screening & diagnosis, providing proper treatment options to patients.
In 2017, in the EU, new IVDR and Medical Device Regulation (MDR) were established. The directive is based on global Harmonization Task Force guidelines for classification that consider patient impact. Changes in the device classification system are expected to influence all IVD manufacturers.
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Cancer Diagnostics Market Scope
Cancer Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy cancer diagnostics market size, by product, 2018-2030 (US$M)
Italy Cancer Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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