Italy Lateral Flow Assays Market Size & Outlook, 2023-2030
Italy lateral flow assays market, 2018-2030 (US$M)
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Italy lateral flow assays market highlights
- The Italy lateral flow assays market generated a revenue of USD 277.7 million in 2023 and is expected to reach USD 379.8 million by 2030.
- The Italy market is expected to grow at a CAGR of 4.6% from 2024 to 2030.
- In terms of segment, kits & reagents was the largest revenue generating product in 2023.
- Kits & Reagents is the most lucrative product segment registering the fastest growth during the forecast period.
Lateral flow assays market data book summary
| Market revenue in 2023 | USD 277.7 million |
| Market revenue in 2030 | USD 379.8 million |
| Growth rate | 4.6% (CAGR from 2023 to 2030) |
| Largest segment | Kits & reagents |
| Fastest growing segment | Kits & Reagents |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Kits & Reagents, Lateral Flow Readers |
| Key market players worldwide | Abbott Laboratories, Thermo Fisher Scientific Inc, Roche, Bio-Rad Laboratories Inc, BioMerieux SA, QuidelOrtho Corp, Hologic Inc, PerkinElmer, Merck KGaA, BD, Siemens Healthineers AG ADR, Danaher Corp, Qiagen NV |
Other key industry trends
- In terms of revenue, Italy accounted for 2.7% of the global lateral flow assays market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK lateral flow assays 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 521.5 million by 2030.
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Lateral Flow Assays Market Scope
Lateral Flow Assays Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy lateral flow assays 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 lateral flow assays market will help companies and investors design strategic landscapes.
Kits & reagents was the largest segment with a revenue share of 66.4% in 2023. Horizon Databook has segmented the Italy lateral flow assays market based on kits & reagents, lateral flow readers covering the revenue growth of each sub-segment from 2018 to 2030.
Rise in the prevalence of hepatitis is anticipated to boost market growth during the forecast period. According to a report published by the European CDC, Italy showed the highest rate of hepatitis C virus infections in general population.
In addition, according to International Diabetes Federation, there were 4.4 million individuals living with diabetes in 2022, with 9.9% adult prevalence of the disease. Thus, rising incidence of hepatitis infections and diabetes likely to increase demand for rapid diagnostic devices, which is expected to fuel market growth during the forecast period.
Increase in rapid diagnostic product launches by new entrants in the country are expected to propel the market. For instance, in June 2018, Now Diagnostics, Inc. announced the availability of First to Know Whole Blood Rapid pregnancy test in Italy. This is the first over the counter, whole blood-based pregnancy kit available for sale in Europe. Such developments can positively affect the market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy lateral flow assays market , including forecasts for subscribers. This country databook contains high-level insights into Italy lateral flow assays market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy lateral flow assays market size, by product, 2018-2030 (US$M)
Italy Lateral Flow Assays Market Outlook Share, 2023 & 2030 (US$M)
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