Italy Metagenomics Market Size & Outlook, 2023-2030
Italy metagenomics market, 2018-2030 (US$M)
Related Markets
Italy metagenomics market highlights
- The Italy metagenomics market generated a revenue of USD 61.6 million in 2023 and is expected to reach USD 144.9 million by 2030.
- The Italy market is expected to grow at a CAGR of 13% from 2024 to 2030.
- In terms of segment, kits & reagents was the largest revenue generating product in 2023.
- Sequencing & Data Analytics Services is the most lucrative product segment registering the fastest growth during the forecast period.
Metagenomics market data book summary
| Market revenue in 2023 | USD 61.6 million |
| Market revenue in 2030 | USD 144.9 million |
| Growth rate | 13% (CAGR from 2023 to 2030) |
| Largest segment | Kits & reagents |
| Fastest growing segment | Sequencing & Data Analytics Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Kits & Reagents, Sequencing & Data Analytics Services, Software |
| Key market players worldwide | Bio-Rad Laboratories Inc, Illumina Inc, PerkinElmer, Thermo Fisher Scientific Inc, Novogene, Promega, Qiagen NV, Takara Bio Inc, Oxford Nanopore Technologies PLC, Roche Holding AG |
Other key industry trends
- In terms of revenue, Italy accounted for 3.0% of the global metagenomics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany metagenomics 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 251.6 million by 2030.
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Metagenomics Market Scope
Metagenomics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy metagenomics 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 metagenomics market will help companies and investors design strategic landscapes.
Kits & reagents was the largest segment with a revenue share of 61.53% in 2023. Horizon Databook has segmented the Italy metagenomics market based on kits & reagents, sequencing & data analytics services, software covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing R&D investments and continuous research by scientists have boosted the demand for innovative NGS solutions in Italy. For instance, in March 2020, using Thermo Fisher Scientific’s NGS research assay, a team of Italian researchers analyzed the SARS-CoV-2 genome from specimens collected locally and suggested that the rapidly spreading virus's genome is stable. In the recent past, the Italian biotechnology industry has shown notable growth due to major academic and industrial research.
Furthermore, the increasing prevalence of cancer in the country and continuous strategic initiatives being implemented by regional players to provide innovative solutions are expected to create a lucrative environment for market growth. In June 2020, UK-based Cambridge Cancer Genomics (CCG.ai) & Nonacus Limited and Italy-based Dante Labs partnered to build an extensive and patient centric tumor profiling service. This collaboration aims to scale precision oncology by consolidating Dante Labs’ knowledge and capability in providing sequencing services, CCG.ai AI-powered software platform, and Nonacus sensitive targeted pan-cancer NGS libraries.
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Our clientele includes a mix of metagenomics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy metagenomics market , including forecasts for subscribers. This country databook contains high-level insights into Italy metagenomics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy metagenomics market size, by product, 2018-2030 (US$M)
Italy Metagenomics Market Outlook Share, 2023 & 2030 (US$M)
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