Italy Microfluidics Market Size & Outlook, 2023-2030
Italy microfluidics market, 2018-2030 (US$M)
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Italy microfluidics market highlights
- The Italy microfluidics market generated a revenue of USD 652.8 million in 2023 and is expected to reach USD 1,541.1 million by 2030.
- The Italy market is expected to grow at a CAGR of 13.1% from 2024 to 2030.
- In terms of segment, medical was the largest revenue generating technology in 2023.
- Medical is the most lucrative technology segment registering the fastest growth during the forecast period.
Microfluidics market data book summary
| Market revenue in 2023 | USD 652.8 million |
| Market revenue in 2030 | USD 1,541.1 million |
| Growth rate | 13.1% (CAGR from 2023 to 2030) |
| Largest segment | Medical |
| Fastest growing segment | Medical |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Medical, Non-Medical |
| Key market players worldwide | Illumina Inc, Roche Holding AG ADR, PerkinElmer, Agilent Technologies Inc, Bio-Rad Laboratories Inc, Danaher Corp, Abbott Laboratories, Thermo Fisher Scientific Inc, Standard BioTools Inc |
Other key industry trends
- In terms of revenue, Italy accounted for 2.0% of the global microfluidics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany microfluidics market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 1,541.1 million by 2030.
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Microfluidics Market Scope
Microfluidics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy microfluidics 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 microfluidics market will help companies and investors design strategic landscapes.
Medical was the largest segment with a revenue share of 84.11% in 2023. Horizon Databook has segmented the Italy microfluidics market based on medical, non-medical covering the revenue growth of each sub-segment from 2018 to 2030.
Italy is one of the emerging European markets for microfluidics technology as well as its applications. This is evident by the growing interest of researchers in this arena. For instance, in March 2021, researchers at the University of Rome Tor Vergata, Rome, Italy published a study describing the use of organ-on-chip (OOC) platforms for on coimmunology applications.
The study further stated the impact of OOC in the field of on coimmunology as well as the role of microfluidics systems in the advancements based on the complexity of the tumor microenvironment. Similarly, in October 2018, a team of researchers at the Department of Information Technology of the University of Pisa and Monash University developed a miniaturized artificial liver consisting of microfluidic silicon chips.
This mini-organ is based on nanotechnologies and can be used to test various drug effects. Such research initiatives are expected to boost the adoption of microfluidic technologies in various applications, thereby driving the market.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy microfluidics market , including forecasts for subscribers. This country databook contains high-level insights into Italy microfluidics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy microfluidics market size, by technology, 2018-2030 (US$M)
Italy Microfluidics Market Outlook Share, 2023 & 2030 (US$M)
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