Italy Medical Device Testing Services Market Size & Outlook
Italy medical device testing services market, 2018-2030 (US$M)
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Italy medical device testing services market highlights
- The Italy medical device testing services market generated a revenue of USD 205.3 million in 2023 and is expected to reach USD 397.4 million by 2030.
- The Italy market is expected to grow at a CAGR of 9.9% from 2024 to 2030.
- In terms of segment, biocompatibility tests was the largest revenue generating service in 2023.
- Chemistry Test is the most lucrative service segment registering the fastest growth during the forecast period.
Medical device testing services market data book summary
| Market revenue in 2023 | USD 205.3 million |
| Market revenue in 2030 | USD 397.4 million |
| Growth rate | 9.9% (CAGR from 2023 to 2030) |
| Largest segment | Biocompatibility tests |
| Fastest growing segment | Chemistry Test |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biocompatibility Tests, Chemistry Test, Microbiology & Sterility Testing, Package Validation |
| Key market players worldwide | SGS AG, Labcorp Holdings Inc, Sotera Health Co Ordinary Shares, Charles River Laboratories International Inc, NAMSA, Eurofins Scientific SE, Intertek Group PLC, Wuxi AppTec Co Ltd, TUV SUD, Element Materials Technology, Pace Analytical Services |
Other key industry trends
- In terms of revenue, Italy accounted for 30.0% of the global medical device testing services market in 2023.
- Country-wise, Australia is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK medical device testing services 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 435.1 million by 2030.
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Medical Device Testing Services Market Scope
Medical Device Testing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy medical device testing services 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 medical device testing services market will help companies and investors design strategic landscapes.
Biocompatibility tests was the largest segment with a revenue share of 50.61% in 2023. Horizon Databook has segmented the Italy medical device testing services market based on biocompatibility tests, chemistry test, microbiology & sterility testing, package validation covering the revenue growth of each sub-segment from 2018 to 2030.
Italy held 10.63% market share of the global medical device testing services market in 2023. The high burden of chronic diseases & high life expectancy are expected to boost the demand for technologically advanced medical devices in the country.
This is expected to create opportunities for medical device testing services in the country. Furthermore, the presence of a large number of key medical device companies is expected to increase the number of partnerships with medical device testing service providers in the coming years, thus boosting the Italy medical device testing services market.
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Our clientele includes a mix of medical device testing services market companies, investment firms, advisory firms & academic institutions.
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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 medical device testing services market , including forecasts for subscribers. This country databook contains high-level insights into Italy medical device testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy medical device testing services market size, by service, 2018-2030 (US$M)
Italy Medical Device Testing Services Market Outlook Share, 2023 & 2030 (US$M)
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