Italy Genotyping Market Size & Outlook, 2023-2030
Italy genotyping market, 2018-2030 (US$M)
Related Markets
Italy genotyping market highlights
- The Italy genotyping market generated a revenue of USD 622.5 million in 2023 and is expected to reach USD 1,597.7 million by 2030.
- The Italy market is expected to grow at a CAGR of 14.4% 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.
Genotyping market data book summary
| Market revenue in 2023 | USD 622.5 million |
| Market revenue in 2030 | USD 1,597.7 million |
| Growth rate | 14.4% (CAGR from 2023 to 2030) |
| Largest segment | Reagents & kits |
| Fastest growing segment | Reagents & kits |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Reagents & kits, Services |
| Key market players worldwide | Illumina Inc, Thermo Fisher Scientific Inc, Qiagen NV, Roche, Fluidigm Corporation, Danaher Corp, Agilent Technologies, Eurofins Scientific SE, GE HealthCare Technologies Inc Common Stock, Bio-Rad Laboratories Inc |
Other key industry trends
- In terms of revenue, Italy accounted for 3.5% of the global genotyping market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany genotyping 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 2,107.6 million by 2030.
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Genotyping Market Scope
Genotyping Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Italy genotyping 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 genotyping market will help companies and investors design strategic landscapes.
Reagents & kits was the largest segment with a revenue share of 61.17% in 2023. Horizon Databook has segmented the Italy genotyping market based on instruments, reagents & kits, services covering the revenue growth of each sub-segment from 2018 to 2030.
Increase in the demand for preventive diagnostic procedures and rise in the prevalence of chronic diseases in Italy are some of the key factors driving genotyping market. Presence of a vast network of manufacturers & distributors in the country providing essential instruments, kits, & reagents for genotyping assays is likely to contribute to market growth.
R&D activities are also expected to increase in Italy due to various funds & grants offered by government & nongovernment organizations. For instance, the Italian Institute for Genomic Medicine (IIGM) and Human Genetics Foundation-Torino conducted several genomic research studies in 2020, with some currently ongoing.
Furthermore, organizations such as the Network for Italian Genomes, in partnership with some other Italian research institutes and universities, are actively working on fostering genomics research in Italy. These research activities are expected to drive market growth in Italy.
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Our clientele includes a mix of genotyping market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Italy genotyping market , including forecasts for subscribers. This country databook contains high-level insights into Italy genotyping market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy genotyping market size, by product, 2018-2030 (US$M)
Italy Genotyping Market Outlook Share, 2023 & 2030 (US$M)
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