Italy Laboratory Equipment Market Size & Outlook
Italy laboratory equipment market, 2018-2030 (US$M)
Related Markets
Italy laboratory equipment market highlights
- The Italy laboratory equipment market generated a revenue of USD 844.1 million in 2023 and is expected to reach USD 1,440.3 million by 2030.
- The Italy market is expected to grow at a CAGR of 7.9% from 2024 to 2030.
- In terms of segment, general was the largest revenue generating product in 2023.
- Support is the most lucrative product segment registering the fastest growth during the forecast period.
Laboratory equipment market data book summary
| Market revenue in 2023 | USD 844.1 million |
| Market revenue in 2030 | USD 1,440.3 million |
| Growth rate | 7.9% (CAGR from 2023 to 2030) |
| Largest segment | General |
| Fastest growing segment | Support |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | General, Analytical, Clinical, Support, Specialty |
| Key market players worldwide | Sartorius AG, Bio-Rad Laboratories Inc, FUJIFILM Holdings Corp, Thermo Fisher Scientific Inc, Agilent Technologies Inc |
Other key industry trends
- In terms of revenue, Italy accounted for 2.8% of the global laboratory equipment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK laboratory equipment 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 2,820.6 million by 2030.
General was the largest segment with a revenue share of 26.93% in 2023. Horizon Databook has segmented the Italy laboratory equipment market based on general, analytical, clinical, support, specialty covering the revenue growth of each sub-segment from 2018 to 2030.
According to EU, Italy's commercial R&D spending accounts for 0.69% of GDP. Thus, high R&D investments are anticipated to fuel market growth. Furthermore, several clinical trials being conducted in the country are anticipated to increase the demand for clinical laboratory services and products.
Some of the stakeholders conducting COVID-19 related trials in the country are Novartis Pharma AG, Alexion Pharmaceuticals, Inc., RevImmune, Gilead Sciences, Inc., WHO, Imperial College London, AstraZeneca, and Hoffmann-La Roche. Some of the key market players in Italy are Thermo Fisher Scientific, Roche Diagnostics, Abbott Diagnostics, and Werfen.
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Laboratory Equipment Market Scope
Laboratory Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy laboratory equipment market size, by product, 2018-2030 (US$M)
Italy Laboratory Equipment Market Outlook Share, 2023 & 2030 (US$M)
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