Italy Molecular Diagnostics Market Size & Outlook
Italy molecular diagnostics market, 2018-2030 (US$M)
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Italy molecular diagnostics market highlights
- The Italy molecular diagnostics market generated a revenue of USD 1,728.1 million in 2023 and is expected to reach USD 702.1 million by 2030.
- The Italy market is expected to grow at a CAGR of -12.1% from 2024 to 2030.
- In terms of segment, hospitals was the largest revenue generating end use in 2023.
- Home Care is the most lucrative end use segment registering the fastest growth during the forecast period.
Molecular diagnostics market data book summary
| Market revenue in 2023 | USD 1,728.1 million |
| Market revenue in 2030 | USD 702.1 million |
| Growth rate | -12.1% (CAGR from 2023 to 2030) |
| Largest segment | Hospitals |
| Fastest growing segment | Home Care |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hospitals, Outpatient Facilities, Home Care |
| Key market players worldwide | Becton Dickinson & Co, BioMerieux SA, Bio-Rad Laboratories Inc, Abbott Laboratories, Agilent Technologies Inc, Danaher Corp, Hologic Inc, Illumina Inc, Grifols SA Ordinary Shares - Class A, Qiagen NV, Roche Holding AG, Siemens Healthineers AG ADR, Sysmex Corp |
Other key industry trends
- In terms of revenue, Italy accounted for 3.5% of the global molecular diagnostics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany molecular diagnostics market is projected to lead the regional market in terms of revenue in 2030.
- Norway is the fastest growing regional market in Europe and is projected to reach USD 90.5 million by 2030.
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Molecular Diagnostics Market Scope
Molecular Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy molecular diagnostics 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 molecular diagnostics market will help companies and investors design strategic landscapes.
Hospitals was the largest segment with a revenue share of 46.93% in 2023. Horizon Databook has segmented the Italy molecular diagnostics market based on hospitals, outpatient facilities, home care covering the revenue growth of each sub-segment from 2018 to 2030.
The increase in demand for rapid diagnostic procedures and the prevalence of chronic diseases in Italy are key drivers of its molecular diagnostics market. A large number of manufacturers and distributors offer essential instruments, kits, and reagents for molecular diagnostics, which is expected to boost market growth.
Siemens Healthcare GmbH, Roche Diagnostics, and DiaSorin are some key companies operating in Italy. R&D activities are anticipated to accelerate, owing to increased funding offered by government and nongovernment organizations.
Local players are receiving EUA for developing novel molecular tests during the COVID-19 pandemic, which can be utilized by hospital laboratories to receive rapid test results. In April 2020, DiaSorin Molecular LLC received CE Mark approval for the Simplexa COVID-19 Direct kit that can rapidly detect SARS-CoV-2 within an hour.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy molecular diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into Italy molecular diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy molecular diagnostics market size, by end use, 2018-2030 (US$M)
Italy Molecular Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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