Italy Endoscopy Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Italy Endoscopy Devices Market Analysis

The Italy Endoscopy Devices Market size is estimated at USD 1.10 billion in 2024, and is expected to reach USD 1.49 billion by 2029, growing at a CAGR of 6.13% during the forecast period (2024-2029).

• The initial stages of the COVID-19 pandemic significantly impacted the Italian endoscopy devices market, which declined due to strict lockdown restrictions in major cities that prevented the transportation and supply of medical devices. For instance, an article published in February 2021 by PubMed stated that there was a 53.6 % reduction in fast-track endoscopic procedures during the pandemic in Northern Italy. COVID-19's psychological impact influenced patient attitudes toward diagnostic endoscopy, particularly in patients with functional disease.
• However, ever since the restrictions were lifted, the industry has been recovering well. Over the last two years, the market recovery has been led by the high prevalence of diseases that require endoscopy, new product launches, and increased demand for minimally invasive surgeries. For instance, according to a 2022 report from Euractive, 400,000 surgeries were postponed during the pandemic, which considerably increased the number of patients on the waiting list. Once the restrictions were lifted, the market experienced a huge surge in diagnostics and surgeries, which is anticipated to boost the market growth in the coming years.
• The demand for various endoscopy devices is anticipated to rise due to increased demand for surgeries with faster recovery, high prevalence of chronic diseases, fewer post-surgery infections, less pain, reduced scarring, better control of bleeding, and increased accuracy of the surgeries. For instance, an article published by PubMed in October 2022 stated that Italy's endoscopic screening for colorectal cancer is adequate and of high quality. Hence, there is likely to be a high demand for endoscopic evaluations in hospitals which will drive the market during the forecast period.
• Furthermore, as per an article published in July 2022 by PubMed, the Italian Association of Gastroenterologists and Endoscopists (IAGE), the Italian Society of Digestive Endoscopy (ISDE), and the Italian Society of Gastroenterology (ISG) have produced a joint document based on the review of American Society for Gastrointestinal Endoscopy (ASGE), American College of Gastroenterology (ACG), British Society of Gastroenterology (BSG), European Society of Gastrointestinal Endoscopy (ESGE), and Asian Consensus Esophagogastroduodenoscopy (EGD) position papers to indicate the quality standards of esophagogastroduodenoscopy (pre-, intra-, and post-procedure) focused on lesion detection to be adopted in the Italian context.
• Such initiatives and documentation associated with endoscopic practices lead to a better understanding of endoscopy's quality standard, which will likely promote market growth over the forecast period. Technological advances in surgical techniques and enhancement in equipment handling have transformed surgical procedures, including the introduction of minimally invasive surgeries.
• There has been an increased usage of endoscopic devices in disease diagnosis in the past few years. Endoscopes are used to prevent, diagnose, diagnose, and treat various diseases. For instance, in an article published in August 2022 by Agenzia Italia, every year, there are about 43,000 new diagnoses of colorectal cancer in Italy. A minimally invasive surgical technique named Transanal Total Mesorectal Excision (TaTME) was introduced as a novel technique to deal with rectal cancer. The surgery was performed in Santissima Trinità hospital in Cagliari.
• Endoscopy is the preferred method for detecting disease progression and complications. Due to the increase in acceptance and success rate of minimally invasive surgeries, people tend to adopt these techniques, which is anticipated to increase demand for endoscopes. Furthermore, the diseases that require endoscopy are growing abundantly in Italy. Adding to that, the importance of early detection has already been a major factor in the case of diseases like cancer. For instance, a report published in April 2022 by La Republica stated that the genetic characteristics of gastric cancer and the significant boost for early detection make surgical and medical treatments more beneficial in terms of overall survival.
• Hence, Italy's endoscopy devices market is anticipated to witness growth over the forecast period due to the high prevalence of chronic diseases and the increase in the demand for minimally invasive surgeries. However, the lack of skilled technicians and the side effect associated with devices are anticipated to restrain the market growth.

Italy Endoscopy Devices Market Trends

This section covers the major market trends shaping the Italy Endoscopy Devices Market according to our research experts:

Flexible Endoscopes is Expected to Hold a Significant Share in the Italy Endoscopy Devices Market Over the Forecast Period.

Italy Endoscopy Devices Industry Segmentation

As per the scope of the report, endoscope devices are minimally invasive and can be inserted into natural openings of the body, in order to observe an internal organ or a tissue in detail. Endoscopic surgeries are performed for imaging procedures and minor surgeries. 

The Italy endoscopy devices market is segmented by type of device (endoscopy device (rigid endoscope, flexible endoscopes, capsule endoscope, robot assisted endoscope), endoscopic operative device, and visualization equipment) and application (gastroenterology, pulmonology, orthopedic surgery, cardiology, ENT surgery, neurology, and other applications). The report offers the value (in USD million) for the above segments.