Market Trends of Italy Cardiovascular Devices Industry
This section covers the major market trends shaping the Italy Cardiovascular Devices Market according to our research experts:
Stents are Expected to Witness Significant Growth Over the Forecast Period.
Coronary stents (CS) are expandable tubular metallic devices that are introduced into coronary arteries that are clogged due to an underlying atherosclerosis disease. Stents are often used to treat narrowed coronary arteries that provide the heart with oxygen-rich blood. Stents are also sometimes used to treat an aneurysm, which is a bulge in the wall of an artery and to treat narrowed airways in the lungs. The rising cases of atherosclerosis disease and new product launches in Italy are expected to drive the growth of the studied market in the country.
The rising cases of high cholesterol leading to atherosclerosis disease in Italy are expected to drive the growth of this segment. For instance, an article published by Great Italian Food Trade published in May 2022 reported that an Italian study shows that half of the people with high cholesterol. Most high cholesterol cases may lead to the development of atherosclerosis disease, which may increase the demand for coronary stents, thereby contributing to the growth of this segment.
Additionally, new product launches are expected to drive the growth of the studied market. For instance, in April 2022, Translumina launched the Vivo Isar dual-drug polymer-free coated stent (DES) in Italy and plans to roll it out in several markets across Europe. Thus, such product launches are expected to drive the growth of this segment.
Thus, rising cases of atherosclerosis disease and new product launches in Italy are expected that the segment studied will witness significant growth over the forecast period.
Remote Cardiac Monitoring Segment is Expected to Witness Significant Growth Over the Forecast Period.
Remote cardiac monitoring (RCM), or remote heart monitoring, is a method by which information from a patient's implantable rhythm management device can be communicated directly to a physician's office. The increasing adoption of RCM in Italy, the increasing geriatric population, and technological developments are driving the growth of this segment.
The increasing adoption of RCM in recent years in Italy is driving the growth of this segment. For instance, an article published in the journal, The Lancet Digital Health in April 2022 reported the surge in demand for RCM in Italy during 2020. The article quoted that RCM played a significant role in managing patients' cardiac records when hospitals and various healthcare services were closed. Thus, the increasing adoption of cardiac devices to monitor cardiac health is driving the growth of this segment.
Moreover, the increasing geriatric population is more prevalent in various CVDs, and the increasing geriatric population in the country is driving the growth of the studied market in the country. For instance, an article published by the International Journal of Environmental Research and Public Health in August 2022 reported that in Italy, the number of older people aged 65 years and over is about 24% of the total population as of 1st January 2022, and is expected to rise to 30% by 2040. Thus, the increasing geriatric population is more prevalent in various CVDs, which is increasing the demand for RCM devices and contributing to this segment's growth.
Furthermore, collaborations and new product launches are driving the growth of the studied market. For instance, in March 2022, Biotronik received the CE approval for HeartInsight, its remote heart failure (HF) management device that accurately identifies patients at higher risk of HF decompensation early on. Compared to other available solutions, HeartInsight provides the earliest notification, median advance notice of 42 days before an impending HF hospitalization, which allows clinicians to proactively care for their patients. Thus, such device launches are driving the growth of this segment. Thus, due to the increasing adoption of RCM in Italy, the increasing geriatric population and new product launches are driving the growth of this segment over the forecast period.
