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Italy Theranostics Market

ID: MRFR/HC/43896-HCR
200 Pages
Garvit Vyas
October 2025

Italy Theranostics Market Research Report By Application (Oncology, Neurology, Cardiology, Infectious Diseases), By Technology (Genomics, Proteomics, Metabolomics, Biomarkers), By End User (Hospitals, Diagnostic Laboratories, Research Institutes) andBy Product Type (Instruments, Reagents, Software)- Forecast to 2035

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Italy Theranostics Market Infographic
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Italy Theranostics Market Summary

As per MRFR analysis, the theranostics market Size was estimated at 275.28 USD Million in 2024. The theranostics market is projected to grow from 307.68 USD Million in 2025 to 936.21 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 11.77% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Italy theranostics market is poised for substantial growth driven by personalized medicine and technological advancements.

  • The market is witnessing a rise in personalized medicine, enhancing treatment efficacy and patient outcomes.
  • Integration of diagnostics and therapeutics is becoming increasingly prevalent, streamlining patient care.
  • The largest segment in the market is targeted therapies, while the fastest-growing segment is companion diagnostics.
  • Key market drivers include the increasing demand for targeted therapies and technological advancements in diagnostic tools.

Market Size & Forecast

2024 Market Size 275.28 (USD Million)
2035 Market Size 936.21 (USD Million)
CAGR (2025 - 2035) 11.77%

Major Players

Roche (CH), Thermo Fisher Scientific (US), Abbott Laboratories (US), Siemens Healthineers (DE), Bristol-Myers Squibb (US), Merck KGaA (DE), Illumina (US), Qiagen (DE), Genomic Health (US), AstraZeneca (GB)

Italy Theranostics Market Trends

The theranostics market in Italy is currently experiencing a notable evolution, driven by advancements in personalized medicine and the increasing demand for targeted therapies. This market appears to be influenced by a growing emphasis on precision diagnostics, which enables healthcare providers to tailor treatments based on individual patient profiles. The integration of diagnostic and therapeutic approaches is fostering a more efficient healthcare system, potentially leading to improved patient outcomes and reduced healthcare costs. Furthermore, the Italian government is actively promoting research and development in this field, which may enhance the overall landscape of theranostics in the country. In addition, collaborations between academic institutions and industry stakeholders are likely to play a crucial role in the growth of the theranostics market. These partnerships may facilitate the development of innovative diagnostic tools and targeted therapies, thereby addressing unmet medical needs. As the healthcare sector continues to evolve, the focus on theranostics is expected to intensify, reflecting a broader trend towards personalized healthcare solutions. The future of this market appears promising, with ongoing investments and advancements suggesting a robust trajectory for growth in the coming years.

Rise of Personalized Medicine

The increasing focus on personalized medicine is shaping the theranostics market. Tailored therapies that consider individual genetic profiles are becoming more prevalent, enhancing treatment efficacy and minimizing adverse effects. This trend indicates a shift towards more patient-centric healthcare.

Integration of Diagnostics and Therapeutics

The convergence of diagnostic and therapeutic modalities is a defining trend in the theranostics market. This integration allows for real-time monitoring of treatment responses, potentially leading to more effective management of diseases and improved patient outcomes.

Government Support and Funding

Italian governmental initiatives aimed at fostering innovation in healthcare are likely to bolster the theranostics market. Increased funding for research and development may facilitate advancements in diagnostic technologies and targeted therapies, driving market growth.

Italy Theranostics Market Drivers

Rising Incidence of Chronic Diseases

The rising incidence of chronic diseases in Italy is a significant driver for the theranostics market. Conditions such as cancer, cardiovascular diseases, and diabetes are becoming increasingly prevalent, necessitating more effective diagnostic and therapeutic solutions. According to recent statistics, cancer cases in Italy are projected to increase by 15% over the next decade, underscoring the urgent need for innovative treatment approaches. This growing patient population is likely to propel the demand for theranostic solutions, as healthcare providers seek to implement personalized treatment strategies that improve patient outcomes. Consequently, the theranostics market is expected to experience robust growth as it addresses the challenges posed by these chronic conditions.

Increasing Demand for Targeted Therapies

The rising demand for targeted therapies is a pivotal driver in the theranostics market in Italy. As healthcare professionals increasingly recognize the benefits of personalized treatment plans, the market is witnessing a shift towards therapies that are tailored to individual patient profiles. This trend is supported by advancements in biomarker identification, which enable more precise targeting of therapies. In 2025, the Italian market for targeted therapies is projected to reach approximately €1.5 billion, reflecting a compound annual growth rate (CAGR) of around 10%. This growth is indicative of a broader acceptance of theranostics as a standard practice in oncology and other therapeutic areas, thereby enhancing patient outcomes and optimizing resource allocation within healthcare systems.

Regulatory Support for Innovative Therapies

Regulatory support for innovative therapies is emerging as a crucial driver in the theranostics market in Italy. The Italian Medicines Agency (AIFA) has been actively promoting the development and approval of novel therapeutic approaches, including those that integrate diagnostics and therapeutics. This supportive regulatory environment encourages pharmaceutical companies to invest in research and development, fostering innovation within the market. In 2025, it is anticipated that the number of approved theranostic products will increase by 20%, reflecting the positive impact of regulatory initiatives. Such support not only accelerates the availability of new therapies but also enhances patient access to cutting-edge treatment options, thereby driving market growth.

Technological Advancements in Diagnostic Tools

Technological advancements in diagnostic tools are significantly influencing the theranostics market in Italy. Innovations such as next-generation sequencing (NGS) and advanced imaging techniques are enhancing the accuracy and efficiency of diagnostics. These technologies facilitate the identification of specific biomarkers, which are crucial for the development of targeted therapies. The Italian market for diagnostic tools is expected to grow by approximately 8% annually, driven by the increasing integration of these advanced technologies into clinical practice. As healthcare providers adopt more sophisticated diagnostic methods, the theranostics market is likely to expand, offering new opportunities for both pharmaceutical companies and diagnostic manufacturers.

Growing Investment in Healthcare Infrastructure

Growing investment in healthcare infrastructure is a vital driver for the theranostics market in Italy. The Italian government has been increasing its budget allocation for healthcare, focusing on enhancing facilities and integrating advanced technologies. This investment is expected to reach €10 billion by 2026, aimed at improving diagnostic and therapeutic capabilities across the country. Enhanced infrastructure facilitates the adoption of theranostic approaches, as healthcare providers gain access to state-of-the-art diagnostic tools and treatment modalities. As a result, the theranostics market is likely to benefit from improved healthcare delivery systems, ultimately leading to better patient outcomes and increased market penetration.

Market Segment Insights

By Application: Oncology (Largest) vs. Neurology (Fastest-Growing)

The Italy theranostics market exhibits a diverse distribution across various applications. Oncology holds the largest share, driven by its critical role in personalized medicine and targeted therapies. Neurology, while smaller in share, shows significant potential for expansion, fueled by increasing neurological disorder prevalence and advancements in diagnostic technologies. Growth trends indicate a robust trajectory for both oncology and neurology applications. Oncology is empowered by ongoing research and the integration of theranostic approaches in cancer treatment. Meanwhile, neurology is emerging as the fastest-growing segment due to heightened awareness and demand for early diagnosis of neurological diseases, bolstered by technological innovations in biomarkers and imaging.

Oncology: Dominant vs. Neurology: Emerging

Oncology serves as the dominant application in the Italy theranostics market, characterized by its influential role in precision medicine. It leverages advanced diagnostics to tailor treatment strategies specifically for cancer patients. The segment benefits from extensive research investments and collaborations, enhancing its market positioning. In contrast, neurology is an emerging application, capturing interest due to the rising incidence of neurodegenerative diseases. Innovations in theranostics offer promising solutions to expedite diagnosis and treatment, making it a focal point for future growth. Neurology's rapid advancement is supported by a surge in public awareness and healthcare initiatives, positioning it as a vital area for development within the theranostics landscape.

By Technology: Genomics (Largest) vs. Proteomics (Fastest-Growing)

In the Italy theranostics market, the technology segment is primarily dominated by genomics, which holds the largest market share. This segment benefits from advancements in sequencing technologies, making it a preferred choice for personalized medicine. Proteomics follows closely, rapidly gaining traction due to its potential in biomarker discovery and disease diagnosis. The increasing demand for targeted therapies further boosts the market interests in these technologies. Growth trends indicate that the proteomics sector is the fastest-growing within the technology segment, driven by the integration of artificial intelligence and machine learning in data analysis. These innovations enhance the identification of disease-related proteins, thus improving diagnostic capabilities. Moreover, the rising investment in research and development in the biotechnology space is expected to propel the growth of both genomics and proteomics in the coming years.

Technology: Genomics (Dominant) vs. Proteomics (Emerging)

Genomics stands as the dominant force in the technology segment, leveraging high-throughput sequencing methods and bioinformatics tools to tailor medical treatments based on genetic information. This approach not only aids in understanding various diseases on a molecular level but also accelerates the development of personalized therapies. On the other hand, proteomics is emerging as a pivotal player, characterized by its focus on understanding the protein composition of biological samples. The ongoing exploration of protein interactions and functions is fostering new diagnostic and therapeutic avenues, making proteomics a compelling area of growth as it supports genomics by providing insights into post-genomic research.

By End User: Hospitals (Largest) vs. Diagnostic Laboratories (Fastest-Growing)

In the Italy theranostics market, Hospitals hold the largest market share due to their extensive infrastructure, advanced technology adoption, and high patient influx. They are pivotal in providing a wide range of theranostic services, which enhances their revenue and service capability. On the other hand, Diagnostic Laboratories are also significant players, contributing notably to the market share as they focus on specialized testing and personalized medicine, catering to both hospitals and direct consumers. Looking at growth trends, Diagnostic Laboratories are emerging as the fastest-growing segment within the Italy theranostics market. The increasing focus on personalized healthcare, along with the need for efficient diagnostic solutions, drives their growth. Factors such as rising investments in healthcare technology and an emphasis on early disease detection are propelling the demand for laboratory services, positioning them for significant expansion in the coming years.

Hospitals (Dominant) vs. Research Institutes (Emerging)

Hospitals are the dominant force in the Italy theranostics market, primarily due to their ability to integrate advanced diagnostic tools and therapies within clinical settings. They flourish through their established networks and patient volume, allowing them to deliver comprehensive theranostic services effectively. In contrast, Research Institutes represent the emerging segment, focusing on innovative research and development in theranostics. This segment emphasizes collaboration with healthcare stakeholders, aiming to translate scientific discoveries into practical applications. Research Institutes play a crucial role in advancing therapies and contributing to clinical trials, which ultimately supports the overall growth and evolution of theranostics.

By Product Type: Instruments (Largest) vs. Reagents (Fastest-Growing)

In the Italy theranostics market, the distribution of market share among product types reveals that Instruments hold the largest segment, reflecting a consistent demand driven by advancements in diagnostic capabilities. Reagents follow, demonstrating a solid share, while Software remains significant but smaller in comparison. The utilization of Instruments is often prioritized due to their foundational role in theranostic applications. Growth trends indicate that Reagents are the fastest-growing segment, propelled by innovative developments and increasing investments in research and development. The surge in personalized medicine and the demand for targeted therapies are driving factors. Additionally, the integration of Software solutions, although slower, is enhancing efficiencies and interoperability within the market, contributing to the overall growth.

Instruments (Dominant) vs. Software (Emerging)

Instruments are the dominant force in the Italy theranostics market, as they enable precise diagnostic testing and therapeutic monitoring, ensuring accuracy in patient care. Their advanced technology and capability to integrate with various diagnostic systems make them essential. Conversely, Software is emerging as a critical component, providing analytics and data management solutions that enhance the functionality of diagnostic tools. While still developing, Software solutions are gaining traction, particularly as healthcare moves towards digital transformation. The interplay between these segments signifies a trend towards comprehensive, technology-driven patient management solutions, with Instruments leading the charge and Software following closely behind.

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Key Players and Competitive Insights

The theranostics market in Italy is characterized by a dynamic competitive landscape, driven by advancements in personalized medicine and the increasing demand for targeted therapies. Key players such as Roche (CH), Thermo Fisher Scientific (US), and Abbott Laboratories (US) are at the forefront, leveraging their extensive research capabilities and innovative product pipelines. Roche (CH) focuses on integrating diagnostics with therapeutics, enhancing patient outcomes through precision medicine. Meanwhile, Thermo Fisher Scientific (US) emphasizes its commitment to technological innovation, particularly in genomic profiling, which is crucial for the development of tailored treatment plans. Abbott Laboratories (US) is strategically positioned through its robust diagnostics portfolio, which supports the theranostics approach by providing critical insights into patient-specific treatment responses. Collectively, these strategies foster a competitive environment that prioritizes innovation and patient-centric solutions.

In terms of business tactics, companies are increasingly localizing manufacturing and optimizing supply chains to enhance operational efficiency and reduce costs. The market structure appears moderately fragmented, with several key players holding substantial market shares while also facing competition from emerging firms. This fragmentation allows for diverse offerings and fosters innovation, as companies strive to differentiate themselves in a crowded marketplace.

In September 2025, Roche (CH) announced a partnership with a leading Italian research institution to develop novel biomarkers for cancer therapies. This collaboration is expected to enhance Roche's capabilities in personalized medicine, allowing for more precise targeting of therapies based on individual patient profiles. The strategic importance of this partnership lies in its potential to accelerate the development of innovative treatment options, thereby solidifying Roche's position as a leader in the theranostics space.

In October 2025, Thermo Fisher Scientific (US) launched a new platform for liquid biopsy testing, aimed at improving the detection of cancer biomarkers in blood samples. This initiative is significant as it aligns with the growing trend towards non-invasive diagnostic methods, which are increasingly favored by both clinicians and patients. By enhancing its product offerings in this area, Thermo Fisher is likely to capture a larger share of the market, responding to the rising demand for efficient and effective diagnostic solutions.

In August 2025, Abbott Laboratories (US) expanded its collaboration with a prominent Italian biotech firm to co-develop next-generation theranostic assays. This strategic move is indicative of Abbott's commitment to innovation and its recognition of the importance of partnerships in advancing therapeutic diagnostics. The collaboration is expected to yield cutting-edge solutions that could significantly improve patient outcomes, further establishing Abbott as a key player in the theranostics market.

As of November 2025, current competitive trends in the theranostics market include a pronounced focus on digitalization, sustainability, and the integration of artificial intelligence (AI) into diagnostic processes. Strategic alliances are increasingly shaping the landscape, enabling companies to pool resources and expertise to drive innovation. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition towards a greater emphasis on technological advancements, innovative solutions, and reliable supply chains. This shift underscores the importance of adaptability and forward-thinking strategies in maintaining a competitive edge in the rapidly evolving theranostics market.

Key Companies in the Italy Theranostics Market market include

Industry Developments

The Italy Theranostics Market has witnessed several noteworthy developments in recent months. In October 2023, Qiagen announced a strategic collaboration with Roche to enhance precision medicine capabilities, specifically focusing on expanding their theranostic offerings in oncology.

In September 2023, Hologic and Biocrates Life Sciences also entered a partnership aimed at advancing precision diagnostics for various diseases, thereby strengthening their presence in the Italian market. Siemens Healthineers has recently expanded its portfolio by launching advanced theranostic imaging solutions tailored for personalized patient care, enhancing their market penetration.Furthermore, the theranostics sector in Italy has seen consistent growth, with key players like Thermo Fisher Scientific and Abbott Laboratories continuously innovating and introducing new products to meet clinical needs.

The Italian government's support for research and development in the biotechnology sector has further contributed to the market's expansion, particularly in areas such as personalized medicine and targeted therapies. With continuous investments, the market outlook remains positive, reflecting a robust demand for theranostic solutions focused on patient-centric care.Additionally, major milestones in the past years, such as Illumina's launch of novel genomic sequencing platforms in early 2022, have solidified Italy's position in the global theranostics landscape.

Future Outlook

Italy Theranostics Market Future Outlook

The Theranostics Market in Italy is projected to grow at 11.77% CAGR from 2024 to 2035, driven by advancements in personalized medicine, increased R&D investments, and regulatory support.

New opportunities lie in:

  • Development of integrated diagnostic-therapeutic platforms for personalized treatment
  • Expansion of telemedicine services for remote patient monitoring
  • Partnerships with biotech firms for innovative biomarker discovery

By 2035, the theranostics market is expected to achieve substantial growth and innovation.

Market Segmentation

Italy Theranostics Market End User Outlook

  • Hospitals
  • Diagnostic Laboratories
  • Research Institutes

Italy Theranostics Market Technology Outlook

  • Genomics
  • Proteomics
  • Metabolomics
  • Biomarkers

Italy Theranostics Market Application Outlook

  • Oncology
  • Neurology
  • Cardiology
  • Infectious Diseases

Italy Theranostics Market Product Type Outlook

  • Instruments
  • Reagents
  • Software

Report Scope

MARKET SIZE 2024 275.28(USD Million)
MARKET SIZE 2025 307.68(USD Million)
MARKET SIZE 2035 936.21(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 11.77% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled Roche (CH), Thermo Fisher Scientific (US), Abbott Laboratories (US), Siemens Healthineers (DE), Bristol-Myers Squibb (US), Merck KGaA (DE), Illumina (US), Qiagen (DE), Genomic Health (US), AstraZeneca (GB)
Segments Covered Application, Technology, End User, Product Type
Key Market Opportunities Integration of advanced biomarker discovery with personalized medicine enhances therapeutic efficacy in the theranostics market.
Key Market Dynamics Rising demand for personalized medicine drives innovation and competition in the theranostics market.
Countries Covered Italy

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FAQs

What is the expected market size of the Italy Theranostics Market in 2024?

The expected market size of the Italy Theranostics Market in 2024 is valued at 320.0 million USD.

What is the projected market size for the Italy Theranostics Market by 2035?

By 2035, the projected market size for the Italy Theranostics Market is expected to reach 1130.0 million USD.

What is the expected CAGR for the Italy Theranostics Market from 2025 to 2035?

The expected CAGR for the Italy Theranostics Market from 2025 to 2035 is 12.153%.

Which application segment is projected to dominate the Italy Theranostics Market by 2035?

The oncology application segment is projected to dominate the Italy Theranostics Market, reaching 410.0 million USD by 2035.

What is the market size for neurology in the Italy Theranostics Market in 2024?

The market size for neurology in the Italy Theranostics Market is valued at 80.0 million USD in 2024.

How much is the cardiology segment expected to grow by 2035?

The cardiology segment is expected to grow to a market size of 210.0 million USD by 2035.

What are the key players in the Italy Theranostics Market?

The key players in the Italy Theranostics Market include Qiagen, Roche, and Thermo Fisher Scientific among others.

What is the market value for infectious diseases in the Italy Theranostics Market by 2035?

The market value for infectious diseases in the Italy Theranostics Market is projected to reach 250.0 million USD by 2035.

What growth opportunities exist in the Italy Theranostics Market?

Significant growth opportunities exist in oncology and neurology applications as the market expands from 2025 to 2035.

How does the Italy Theranostics Market compare with other European markets?

The Italy Theranostics Market is anticipated to grow significantly, positioning it competitively within the broader European market landscape by 2035.

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