Market Size of Italy Minimally Invasive Surgery Devices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 8.60 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Italy Minimally Invasive Surgery Devices Market Analysis
The Italy Minimally Invasive Devices Market is expected to witness an 8.6% of CAGR growth during the forecast period. The major factors expected to drive the market growth are the rising number of surgical procedures along with the burden of chronic diseases in the country and technological advancement in the products.
According to the Organization for Economic Cooperation and Development, in 2018, there are about 146,151 caesarian sections were being performed in the market studied during the forecast period. Furthermore, a rising preference for minimally invasive procedures due to certain advantages such as low operative time and few post-operative complications. Thus, it is expected to accelerate the market studied over the forecast period.
Italy Minimally Invasive Surgery Devices Industry Segmentation
As per the scope of this report, minimally-invasive surgical devices refer to electrosurgical systems, robot-assisted surgical systems, and surgical equipment, which are used during the minimally-invasive procedure. The minimally-invasive neurosurgery device market is growing at a significant rate, due to various benefits associated with minimally-invasive procedures, such as less recovery time, minimal pain to the patients, shortened hospital stay, and high accuracy.
Italy Minimally Invasive Surgery Devices Market Size Summary
The Italy Minimally Invasive Surgery Devices Market is poised for significant growth, driven by an increasing number of surgical procedures and the prevalence of chronic diseases. Technological advancements in surgical devices are further propelling this market expansion. The preference for minimally invasive procedures is on the rise, attributed to benefits such as reduced operative time and fewer post-operative complications. This trend is expected to enhance the market's trajectory over the forecast period. The gastrointestinal segment is anticipated to experience the fastest growth, fueled by the rising incidence of gastrointestinal diseases in Italy. The effectiveness and safety of minimally invasive techniques in treating these conditions have contributed to their growing popularity, thereby boosting market prospects.
Key players in the Italy Minimally Invasive Surgery Devices Market include Terumo Corporation, Karl Storz GmbH, Olympus Corporation, GE Healthcare, Medtronic Plc, Drägerwerk AG & Co. KGaA, LED SpA, Fazzini, and Quanta Systems. These companies are instrumental in driving innovation and competition within the market. The market's growth is supported by the increasing demand for advanced surgical solutions that offer improved patient outcomes and operational efficiencies. As the market evolves, these major players are likely to continue shaping its landscape through strategic initiatives and technological developments.
Italy Minimally Invasive Surgery Devices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rising Number of Surgical Procedures Coupled with Growing Burden of Chronic Disorders
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1.2.2 Technological Advancement in Products
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1.3 Market Restraints
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1.3.1 Shortage of Experienced Professionals
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Products
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2.1.1 Handheld Instruments
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2.1.2 Guiding Devices
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2.1.3 Electrosurgical Devices
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2.1.4 Endoscopic Devices
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2.1.5 Laproscopic Devices
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2.1.6 Monitoring and Visualization Devices
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2.1.7 Others
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2.2 By Application
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2.2.1 Cardiovascular
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2.2.2 Gastrointestinal
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2.2.3 Gynecological
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2.2.4 Orthopedic
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2.2.5 Urological
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2.2.6 Other Applications
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Italy Minimally Invasive Surgery Devices Market Size FAQs
What is the current Italy Minimally Invasive Surgery Devices Market size?
The Italy Minimally Invasive Surgery Devices Market is projected to register a CAGR of 8.60% during the forecast period (2024-2029)
Who are the key players in Italy Minimally Invasive Surgery Devices Market?
Terumo Corporation, Karl Storz GmbH, Olympus Corporation, Medtronic Plc and Drägerwerk AG & Co. KGaA are the major companies operating in the Italy Minimally Invasive Surgery Devices Market.
