Investing in the Italian private healthcare services market in 2025

| McKinsey Direct

Healthcare services in Europe have grown steadily. The Italian healthcare market, the fourth-largest in Europe, exemplifies this trend of expansion. In Italy, healthcare spending increased at a CAGR of 3 percent from 2019 to 2023. At the same time, the market is grappling with accelerating technological advancements and emerging digital health solutions. Italy’s aging population and a rise in chronic diseases are spurring demand for better healthcare.1

Despite these developments, only 10 percent of private equity funds are allocated to Italian private healthcare,2 despite private investors accounting for almost one-third of total healthcare industry acquisitions over the past five years in Europe,3 and some areas of the market remain less explored than others. This article examines six considerations for potential investors in Italian private healthcare services and identifies strategic approaches that align with market conditions.

Editorial note: While this analysis focuses on creating value in Italy’s healthcare system, it is essential to balance value with quality, accessibility, and affordability to ensure comprehensive patient care.

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