Italy Covid-19 Diagnostics Market Size & Outlook
Italy covid-19 diagnostics market, 2020-2030 (US$M)
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Italy covid-19 diagnostics market highlights
- The Italy covid-19 diagnostics market generated a revenue of USD 1,663.5 million in 2023 and is expected to reach USD 376.8 million by 2030.
- The Italy market is expected to grow at a CAGR of -19.1% from 2024 to 2030.
- In terms of segment, reagents & kits was the largest revenue generating product in 2023.
- Reagents & Kits is the most lucrative product segment registering the fastest growth during the forecast period.
Covid-19 diagnostics market data book summary
| Market revenue in 2023 | USD 1,663.5 million |
| Market revenue in 2030 | USD 376.8 million |
| Growth rate | -19.1% (CAGR from 2023 to 2030) |
| Largest segment | Reagents & kits |
| Fastest growing segment | Reagents & Kits |
| Historical data | 2020 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Reagents & Kits, Services |
| Key market players worldwide | Thermo Fisher Scientific Inc, Hologic Inc, Roche, PerkinElmer, Veredus Laboratories, QuidelOrtho Corp, Quest Diagnostics Inc, Luminex, Labcorp Holdings Inc, Abbott Laboratories, 1Drop Diagnostics, ADT Inc, Mylab Discovery Solutions, Neuberg Diagnostics, Aldatu Biosciences, altona Diagnostics GmbH |
Other key industry trends
- In terms of revenue, Italy accounted for 5.0% of the global covid-19 diagnostics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK covid-19 diagnostics market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 115.0 million by 2030.
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COVID-19 Diagnostics Market Scope
COVID-19 Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Italy covid-19 diagnostics 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 covid-19 diagnostics market will help companies and investors design strategic landscapes.
Reagents & kits was the largest segment with a revenue share of 67.42% in 2023. Horizon Databook has segmented the Italy covid-19 diagnostics market based on instruments, reagents & kits, services covering the revenue growth of each sub-segment from 2020 to 2030.
Italy was the first western country to have a significant coronavirus outbreak, which, as a result, faced significant health and socioeconomic problems. Despite the virus's varying prevalence across the nation, the Italian government imposed a broad range of standard treatments at the national level.
The country has been significantly ramping up its testing numbers, reaching 1,120,150 per million population in June 2021, according to World meter. To support the accelerated testing rate, the Italian government has provided funding, which has further increased the demand for COVID-19 testing kits in the country.
Siegen's Italian subsidiary Arrow Diagnostics announced the supply of 7.15 million COVID19 diagnostic tests with reagents to Extraordinary Commissioner for the COVID-19 emergency in April 2021. Medalist Italia is providing delivery services for COVID-19 diagnostic kits in many Italian cities.
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Our clientele includes a mix of covid-19 diagnostics 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 covid-19 diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into Italy covid-19 diagnostics market from 2020 to 2030, including revenue numbers, major trends, and company profiles.
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Italy covid-19 diagnostics market size, by product, 2020-2030 (US$M)
Italy COVID-19 Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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