Italy Precision Medicine Market Size & Outlook, 2023-2030
Italy precision medicine market, 2018-2030 (US$M)
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Italy precision medicine market highlights
- The Italy precision medicine market generated a revenue of USD 2,306.1 million in 2023 and is expected to reach USD 5,883.4 million by 2030.
- The Italy market is expected to grow at a CAGR of 14.3% from 2024 to 2030.
- In terms of segment, therapeutics was the largest revenue generating application in 2023.
- Diagnostics is the most lucrative application segment registering the fastest growth during the forecast period.
Precision medicine market data book summary
| Market revenue in 2023 | USD 2,306.1 million |
| Market revenue in 2030 | USD 5,883.4 million |
| Growth rate | 14.3% (CAGR from 2023 to 2030) |
| Largest segment | Therapeutics |
| Fastest growing segment | Diagnostics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostics, Therapeutics |
| Key market players worldwide | Roche, Siemens Healthineers AG ADR, Janssen Pharmaceuticals, Illumina Inc, Quest Diagnostics Inc, 23andMe Holding Co Class A, NeoDiagnostix, International Business Machines Corp, Myriad Genetics Inc, Medtronic PLC, GE HealthCare Technologies Inc Common Stock, Abbott Laboratories, Dakota Software, Biogen Inc, Qiagen NV, ImmunityBio Inc Ordinary Shares |
Other key industry trends
- In terms of revenue, Italy accounted for 2.6% of the global precision medicine market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany precision medicine 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 8,968.9 million by 2030.
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Precision Medicine Market Scope
Precision Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy precision medicine 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 precision medicine market will help companies and investors design strategic landscapes.
Therapeutics was the largest segment with a revenue share of 80.87% in 2023. Horizon Databook has segmented the Italy precision medicine market based on diagnostics, therapeutics covering the revenue growth of each sub-segment from 2018 to 2030.
The advent of NGS has revolutionized the genomics industry in Italy over the years. This has led to the emergence of many innovative entities in the market. For instance, the Italian Society for Personalized Medicine (SIMeP) has emerged as an integral player in optimizing the National Health Service’s resources and improving patient care.
Furthermore, in January 2020, UPMC-managed ISMETT launched a new imaging laboratory in Palermo, Italy. With this launch, the organization aimed to initiate PM research projects with a focus on radiomics and big data. Such initiatives are expected to boost the adoption of personalized medicine in research settings.
Italy is leading this project with the involvement of two institutions: Fondazione Regionale per la Ricerca Biomedica and Fondazione Toscana Life Sciences. This project aims to support the development of personalized medicine by enhancing cross-regional collaborations.
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Our clientele includes a mix of precision medicine 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 precision medicine market , including forecasts for subscribers. This country databook contains high-level insights into Italy precision medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy precision medicine diagnostics therapeutics market size, by application, 2018-2030 (US$M)
Italy Precision Medicine Market Outlook Share, 2023 & 2030 (US$M)
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