Italy General Surgical Devices Market Size (2024 - 2029)

The Italian general surgical devices market is anticipated to experience growth, driven by factors such as the rising demand for minimally invasive surgeries and the increasing prevalence of cardiovascular diseases. Despite the adverse impact of the pandemic, which led to the cancellation of elective surgeries and the reorganization of hospitals to focus on critical cases, market expansion is supported by initiatives from key players, including product launches and technological advancements. However, the market's growth trajectory may be challenged by stringent regulatory frameworks.

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Market Size of Italy General Surgical Devices Industry

Italy General Surgical Devices Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 6.20 %
Market Concentration Medium

Major Players

Italy General Surgical Devices Market Major Players

*Disclaimer: Major Players sorted in no particular order

Italy General Surgical Devices Market Analysis

The Italian general surgical devices market is expected to register a CAGR of nearly 6.2% during the forecast period.

The pandemic had an adverse impact on the studied market. Various research studies shed light on the country's response to the pandemic. For instance, an article published in May 2022 in Frontiers stated that elective pediatric surgeries were canceled two days after the first positive patient was discovered. As all of the smaller local hospitals closed to centralize the treatment of critical diseases and trauma, attempting to limit the spread of the virus, the Rizzoli Orthopaedic Institute hospital was reorganized to receive the majority of fractures from the entire city. As a result, only trauma surgery and oncologic and urgent cases were permitted. However, initiatives by key market players such as product launches are expected to increase market growth. For instance, in September 2021, Canon Medical launched its latest 1.5T MR, the Vantage Elan/NX Edition. The new system completes Canon Medical's intelligent and productive MR portfolio. Thus, such initiatives are expected to increase market growth during the forecast period.

Factors such as rising demand for minimally invasive surgeries coupled with increasing cardiovascular diseases are expected to increase the market growth. According to an article published by the Minerva Cardiology and Angiology Journal, in June 2021, stated that it has been observed that the age-standardized estimates of cardiovascular disease prevalence in Italy are similar, but the country's crude prevalence is almost two times higher than the global prevalence (12.9% vs. 6.6%). Thus, the increasing prevalence of heart diseases is expected to fuel market growth in the country, as surgeries are often required.

Similarly, initiatives by key market players are another factor in market growth. For instance, in October 2021, Esaote proposed an open MRI system, Magnifico Open, with cutting-edge technology to satisfy clinical needs and address operational and financial demands. Magnifico Open is equipped with the most recent Esaote technologies, like Speed Up, to assure optimal image quality with reduced examination times. Thus, the abovementioned factors such as increasing cardiovascular diseases coupled with initiatives by key market players are expected to increase market growth.

However, stringent regulatory frameworks are expected to hinder the market growth.

Italy General Surgical Devices Industry Segmentation

As per the scope, surgical devices serve a specific purpose during surgery. Typically, surgical devices have a generic use, while some specific tools are designed for specific procedures or surgeries. The Italy General Surgical Devices Market is Segmented by Product (Handheld Devices, Laparoscopic Devices, Electro Surgical Devices, Wound Closure Devices, Trocars and Access Devices, and Other Products), and Application (Gynecology and Urology, Cardiology, Orthopedic, Neurology, Other Applications). The report offers the values (USD million) for the above segments.

By Products
Handheld Devices
Laparoscopic Devices
Electro Surgical Devices
Wound Closure Devices
Trocars and Access Devices
Other Products
By Application
Gynecology and Urology
Cardiology
Orthopedic
Neurology
Other Applications
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Italy General Surgical Devices Market Size Summary

The Italian general surgical devices market is poised for significant growth, driven by a combination of factors including the rising demand for minimally invasive surgeries and the increasing prevalence of cardiovascular diseases. The market experienced challenges during the pandemic, with elective surgeries being postponed and hospitals focusing on critical care. However, the introduction of innovative products by key players, such as Canon Medical's advanced MR systems and Esaote's open MRI technology, is expected to propel market expansion. The demand for surgical devices is further bolstered by the high prevalence of cardiovascular conditions in Italy, which necessitates surgical interventions, thereby creating a robust market environment.

The orthopedic segment is anticipated to witness substantial growth due to the surge in road injuries and the subsequent need for surgical treatments. The increase in road accidents, as reported by ISTAT, has led to a rise in hospitalizations, fueling the demand for surgical devices. Additionally, the market is characterized by moderate competition, with both international and local companies like Abbott Laboratories, GE Healthcare, and Medtronic PLC actively participating. Strategic partnerships and product launches, such as CMR Surgical's robotic system, are enhancing the market landscape, offering advanced solutions that reduce postoperative recovery times. These dynamics, coupled with ongoing research and development, are expected to sustain the market's growth trajectory over the forecast period.

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Italy General Surgical Devices Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rising Demand for Minimally Invasive Devices

      2. 1.2.2 Growing Cases of Injuries and Accidents

    3. 1.3 Market Restraints

      1. 1.3.1 Stringent Regulatory Framework

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 2.1 By Products

      1. 2.1.1 Handheld Devices

      2. 2.1.2 Laparoscopic Devices

      3. 2.1.3 Electro Surgical Devices

      4. 2.1.4 Wound Closure Devices

      5. 2.1.5 Trocars and Access Devices

      6. 2.1.6 Other Products

    2. 2.2 By Application

      1. 2.2.1 Gynecology and Urology

      2. 2.2.2 Cardiology

      3. 2.2.3 Orthopedic

      4. 2.2.4 Neurology

      5. 2.2.5 Other Applications

Italy General Surgical Devices Market Size FAQs

The Italy General Surgical Devices Market is projected to register a CAGR of 6.20% during the forecast period (2024-2029)

Olympus Corporation, Smith & Nephew plc, GE Healthcare, Medtronic PLC and Siemens AG are the major companies operating in the Italy General Surgical Devices Market.

Italy General Surgical Devices Report Snapshots

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