Italy Flow Cytometry Market Size & Outlook, 2023-2030
Italy flow cytometry market, 2018-2030 (US$M)
Related Markets
Italy flow cytometry market highlights
- The Italy flow cytometry market generated a revenue of USD 125.0 million in 2023 and is expected to reach USD 191.4 million by 2030.
- The Italy market is expected to grow at a CAGR of 6.3% from 2024 to 2030.
- In terms of segment, instruments was the largest revenue generating product in 2023.
- Software is the most lucrative product segment registering the fastest growth during the forecast period.
Flow cytometry market data book summary
| Market revenue in 2023 | USD 125.0 million |
| Market revenue in 2030 | USD 191.4 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Instruments |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Reagents & Consumables, Software, Accessories, Services |
| Key market players worldwide | Danaher Corp, BD, Sysmex Corp, Agilent Technologies, Apogee Enterprises Inc, Bio-Rad Laboratories Inc Class A, Thermo Fisher Scientific Inc, Wipro Ltd ADR, Diasorin SpA, Miltenyi Biotec, Sony Group Corp |
Other key industry trends
- In terms of revenue, Italy accounted for 2.9% of the global flow cytometry market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany flow cytometry 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 403.0 million by 2030.
Instruments was the largest segment with a revenue share of 36% in 2023. Horizon Databook has segmented the Italy flow cytometry market based on instruments, reagents & consumables, software, accessories, services covering the revenue growth of each sub-segment from 2018 to 2030.
Strong presence of well-established & emerging flow cytometry product manufacturers and continuous organic & inorganic growth strategies being adopted by them are expected to create a lucrative environment for market growth. For instance, in April 2019, Kinetic River, a U.S.-based flow cytometry company, signed an agreement with Italy-based EMC2 to distribute its flow cytometry products and services in Italy.
Furthermore, in the recent past, the Italian biotechnology industry has witnessed significant growth due to tremendous academic and industrial research. According to the data published by International Trade Administration (ITA), in August 2019, the biotechnology sector is one of the growing sectors in Italy, which generated a turnover of over USD 13.6 billion with an increase of 16% between 2014 and 2018.
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Flow Cytometry Market Scope
Flow Cytometry Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy flow cytometry market size, by product, 2018-2030 (US$M)
Italy Flow Cytometry Market Outlook Share, 2023 & 2030 (US$M)
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