Italy Cell Culture Market Size & Outlook, 2023-2030
Italy cell culture market, 2018-2030 (US$M)
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Italy cell culture market highlights
- The Italy cell culture market generated a revenue of USD 527.5 million in 2023 and is expected to reach USD 1,033.4 million by 2030.
- The Italy market is expected to grow at a CAGR of 10.1% 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.
Cell culture market data book summary
| Market revenue in 2023 | USD 527.5 million |
| Market revenue in 2030 | USD 1,033.4 million |
| Growth rate | 10.1% (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 | Consumables, Instruments |
| Key market players worldwide | Sartorius AG, Danaher Corp, Merck KGaA, Thermo Fisher Scientific Inc, Corning Inc, Avantor Inc, BD, Eppendorf, Bio-Techne Corp, PromoCell GmbH |
Other key industry trends
- In terms of revenue, Italy accounted for 2.9% of the global cell culture market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK cell culture 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 2,552.4 million by 2030.
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Cell Culture Market Scope
Cell Culture Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Italy cell culture 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 cell culture market will help companies and investors design strategic landscapes.
Consumables was the largest segment with a revenue share of 57.54% in 2023. Horizon Databook has segmented the Italy cell culture market based on consumables, instruments covering the revenue growth of each sub-segment from 2018 to 2030.
The cell culture market in Italy is driven by various factors that contribute to its growth and development. Key players in the country’s cell culture market include Euroclone, Merck KGaA, Bio-Rad Laboratories, Thermo Fisher Scientific, Sartorius, Eppendorf, & others. One key factor is the robust biopharmaceutical sector in the country. Italy is home to multinational pharmaceutical companies and local biotech firms that rely on cell culture techniques to produce biologics.
With the increasing demand for biopharmaceutical products, the market for cell culture technologies, products, and services continues to expand. Furthermore, in the recent past, the Italian biotech industry exhibited notable growth due to tremendous academic & industrial research. Milan is the hub of the biotech sector in Italy, housing approximately 35% of all biotech companies.
Furthermore, in February 2020, an Italybased company, AurorA-TT, in collaboration with drug discovery companies Italfarmaco & Rottapharm Biotech, launched the biotech investment enterprise AurorA. This enterprise aims to aid early-stage biotechnology companies in any area of unmet medical needs. Thus, the growing biotechnology sector in the country and increasing R&D investments for the development of novel therapies are anticipated to create a favorable environment for cell culture market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy cell culture market , including forecasts for subscribers. This country databook contains high-level insights into Italy cell culture market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy cell culture market size, by product, 2018-2030 (US$M)
Italy Cell Culture Market Outlook Share, 2023 & 2030 (US$M)
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