Biotechnology in Italy
SummaryBiotechnology in Italy industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The biotechnology market encompasses a broad range of technologies, products, and services that utilize biological systems, organisms, or derivatives to develop or modify processes or products for specific applications.
- The Italian biotechnology market recorded revenues of $16.4 billion in 2023, representing a compound annual growth rate (CAGR) of 3.7% between 2018 and 2023.
- The environment & industrial processing segment accounted for the market's largest proportion in 2023, with total revenues of $4.6 billion, equivalent to 28.1% of the market's overall value.
- Italian biotech companies have significantly contributed to the fight against COVID-19, focusing on gene sequencing, identifying disease-causing receptors, and developing vaccines, antiviral drugs, and monoclonal antibodies. The red biotech sector accounts for half of these companies, with pharmaceutical and medical device biotech firms generating 74% of turnover.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the biotechnology market in Italy
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the biotechnology market in Italy
- Leading company profiles reveal details of key biotechnology market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Italy biotechnology market with five year forecasts
Reasons To Buy
- What was the size of the Italy biotechnology market by value in 2023?
- What will be the size of the Italy biotechnology market in 2028?
- What factors are affecting the strength of competition in the Italy biotechnology market?
- How has the market performed over the last five years?
- What are the main segments that make up Italy's biotechnology market?
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