The Italy in vitro diagnostics market size is expected to reach USD 3.74 billion by 2030, set to decline at a CAGR of -1.90% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth is driven by the surge in demand for IVD products, owing to the increasing prevalence of target diseases and increasing awareness about early diagnostics of diseases among people. Moreover, the development of automated IVD systems for different healthcare service providers to provide accurate, precise, efficient, and error-free diagnosis is anticipated to boost the Italy IVD market in the coming years.
The Italy IVD market is likely to be supported by the increase in the development of POC tests that allow flexible, precise, easy-to-use, and speedy testing. For instance, in April 2021, DiaSorin launched the LIAISON Quick Detect COVID TrimericS Ab test and LIAISON IQ an immunodiagnostic POC reader. This test can detect specific IgG antibodies in 10 minutes. In addition, LINX DUO, developed by Menarini Diagnostics s.r.l, is a POC multi-assay automated analyzer for HbA1c and CRP testing capable of giving results in a span of a few minutes.
In addition, the companies operating in Italy IVD market are undertaking strategic initiatives such as partnerships and others to strengthen their product portfolio in point-of-care testing. For instance, in July 2020, A. Menarini Diagnostics and Skyla Corporation announced a distribution & supply agreement for LINX DUO multi-assay analyzer and LINX EVO clinical chemistry analyzer. With this partnership, Menarini is expected to strengthen its portfolio for POC diagnostics with state-of-the-art technology.
The increase in the aging population is anticipated to boost the uptake of IVD products thereby facilitating growth. The research found that the geriatric population is more susceptible to chronic diseases and according to the Instituto Superiore di Sanita, over 85% of people over 75 years suffer from chronic diseases. Some major diseases associated with aging are cardiovascular disorders, arthritis, diabetes, autoimmune disorders, and Alzheimer’s disease among others. The increasing risk of developing chronic disease is expected to further support the growth.
Furthermore, government bodies and key market players are taking favorable initiatives to facilitate healthcare services in the country. For instance, in June 2022, Sentinel diagnostics launched SENTiFIT 800 Analyzer, a high throughput and fully automated system for fecal immunochemical tests. Moreover, in April 2021, Lumos Diagnostics and DiaSorin entered into a strategic collaboration for the launch of the point-of-care portable immunoassay platform LIAISON IQ.
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Italy In Vitro Diagnostics Market Report
Reagents segment held the largest market share in 2022 owing to increasing demand for clinical tests for targeted diseases
Based on the technology, the molecular diagnostics segment dominated Italy in vitro diagnostics (IVD) industry due to the continuous evolution in technology and market introduction of novel products
The blood banks segment is anticipated to exhibit the fastest growth rate owing to the rising demand for automated instruments in blood banks and increasing blood transfusions
Grand View Research has segmented Italy in vitro diagnostics market based on product, technology, application, and end-use:
Italy In Vitro Diagnostics Product Outlook (Revenue, USD Million, 2018–2030)
Instruments
Reagents
Services
Italy In Vitro Diagnostics Technology Outlook (Revenue, USD Million, 2018–2030)
Immunoassay
By Product
Instruments
Reagents
Services
By Technology
Radioimmunoassay (RIA)
Enzyme Immunoassays (EIA)/ELISA
Chemiluminescence Immunoassays (CLIA)
Fluorescence Immunoassays (FIA)
Rapid Test
Others
Hematology
By Product
Instruments
Reagents
Services
Clinical Chemistry
By Product
Instruments
Reagents
Services
Molecular Diagnostics/Genetics
By Product
Instruments
Reagents
Services
By Technology
Polymerase Chain Reaction (PCR)
Sequencing
Hybridization
Chips & Microarrays
TMA
INAAT
Mass Spectrometry
Others
Coagulation
By Product
Instruments
Reagents
Services
Microbiology
By Product
Instruments
Reagents
Services
Others
By Product
Instruments
Reagents
Services
Italy In Vitro Diagnostics Application Outlook (Revenue, USD Million, 2018–2030)
Infectious Disease
Diabetes
Oncology/Cancer
Cardiology
Nephrology
Autoimmune Diseases
Drug Testing
Others
Italy In Vitro Diagnostics End-Use Outlook (Revenue, USD Million, 2018–2030)
Core Lab
SWA (Serum Work Area)
By Location
Public Hospitals
Large Private Hospitals
Private
By Location
Clinical Chemistry
Immunochemistry
Hematology
By Location
Public Hospitals
Large Private Hospitals
Private
Coagulation
By Location
Public Hospitals
Large Private Hospitals
Private
Urine Test
By Location
Public Hospitals
Large Private Hospitals
Private
Others
Molecular Lab
HPV
Herpetics
Hepatitis
HIV
NIPT
Others
Pathology Lab
Anatomic Pathology
Advanced Staining (Immunohistochemistry)
By Location
Public Hospitals
Large Private Hospitals
Private
Primary Staining (Hematoxylin Eosin and Histochemistry)
By Location
Public Hospitals
Large Private Hospitals
Private
Others
Blood Banks
SWA (Serum Work Area)
Molecular Test
Point of Care (PoC)
Clinics
Hospitals
Retail
Military Premises
Airports
Others
Others
NGS
Mass Spectrometry
Others
List of Key Players in the Italy In Vitro Diagnostics Market
F. Hoffmann-La Roche Ltd
Abbott
bioMerieux SA
Danaher
QIAGEN
BD
Sysmex Corporation
DiaSorin S.p.A.
The Menarini Group
SENTINEL CH. SpA
Quidel Corporation