Market Size of Italy Ultrasound Devices Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 300.72 Million |
Market Size (2029) | USD 380.35 Million |
CAGR (2024 - 2029) | 4.78 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Italy Ultrasound Devices Market Analysis
The Italy Ultrasound Devices Market size is estimated at USD 300.72 million in 2024, and is expected to reach USD 380.35 million by 2029, growing at a CAGR of 4.78% during the forecast period (2024-2029).
- COVID-19 had a significant impact on the ultrasound device market in Italy, as ultrasound usage for COVID-19 diagnosis increased during the pandemic. For instance, according to a study published in October 2021 in Internal and Emergency Medicine, during the SARS-CoV-2 pandemic, point-of-care ultrasonography was used to rapidly detect interstitial lung involvement in patients with signs of COVID-19 infection. Thus, COVID-19 affected the market for ultrasound devices in Italy.
- However, currently, the market is growing at a stable pace owing to a resumption of imaging diagnosis procedures, manufacturing activities, and the availability of products, and it is expected to witness a similar trend over the coming years.
- The increasing prevalence of chronic diseases such as cardiovascular diseases, cancer, and other chronic diseases, along with technological advancements in ultrasound devices, is expected to grow the ultrasound market in Italy during the study period. Thoracic ultrasound detects peripheral lesions in patients with pulmonary tuberculosis, such as consolidations and tiny subpleural consolidations, and thus, the number of tuberculosis patients is predicted to rise, driving the market growth.
- For instance, according to the World Health Organization (WHO) report published in 2022, in 2021, Italy had 2,900 people infected with tuberculosis. Furthermore, in 2021, the incidence of HIV-positive TB was 150 per 100,000 people, and multidrug-resistant tuberculosis/rifampicin-resistant tuberculosis (MDR/RR-TB) was 85 per 100,000 people. Thus, the huge burden of tuberculosis in the country is expected to increase demand for effective diagnosis, thereby boosting the market growth.
- Some of the key market players that manufacture ultrasonic equipment are present in Italy. These firms are constantly expanding and releasing new products, among other things, which will aid the country's market growth over time. For instance, in September 2021, Esaote, an Italian company, introduced E-Shop, a new online store designed to more efficiently and effectively connect with medical professionals.
- Additionally, in May 2021, Esaote launched the MyLab X9 ultrasound machine in Italy. MyLab X9 offers superior image quality and data processing capabilities while utilizing the most recent technological advancements to investigate the newest areas of ultrasound imaging. The introduction of technologically advanced products makes them accessible to the end user, which is likely to boost market growth.
- Thus, the abovementioned factors, such as the growing burden of chronic diseases and strategic activities by the market players, are expected to increase market growth. However, stringent regulation may restrain the market over the forecast period.
Italy Ultrasound Devices Industry Segmentation
A diagnostic ultrasound, also known as sonography, is an imaging technique that uses high-frequency sound waves to produce images of the different structures inside the body. They are being utilized for the assessment of various conditions in the kidney, liver, and other abdominal conditions. They are also widely used to treat chronic illnesses, which include ailments including diabetes, asthma, cancer, and heart disease. As a result, these devices have a variety of uses in the medical area, including both diagnostic imaging and therapeutic modality.
Italy's ultrasound devices market is segmented by application, technology and Type. By application, the market is segmented into anesthesiology, cardiology, gynecology/obstetrics, musculoskeletal, radiology, critical care, and other applications. By technology, market is segmented into 2D ultrasound imaging, 3D and 4D ultrasound imaging, doppler imaging, and high-intensity focused ultrasound. By type, market is segmented into stationary ultrasound and portable ultrasound.
The report offers the value (in USD) for the above segments.
By Application | |
Anesthesiology | |
Cardiology | |
Gynecology/Obstetrics | |
Musculoskeletal | |
Radiology | |
Critical Care | |
Other Applications |
By Technology | |
2D Ultrasound Imaging | |
3D and 4D Ultrasound Imaging | |
Doppler Imaging | |
High-intensity Focused Ultrasound |
By Type | |
Stationary Ultrasound | |
Portable Ultrasound |
Italy Ultrasound Devices Market Size Summary
The Italy ultrasound devices market is experiencing steady growth, driven by the resumption of imaging diagnosis procedures and technological advancements in ultrasound technology. The market's expansion is supported by the increasing prevalence of chronic diseases, such as cardiovascular conditions and cancer, which necessitate effective diagnostic tools. The COVID-19 pandemic initially impacted the market by increasing the use of ultrasound for diagnosing lung involvement in infected patients. However, the market has since stabilized, with key players like Esaote introducing innovative products to enhance diagnostic capabilities. The presence of major companies offering 2D ultrasound systems further contributes to market growth, as these devices are crucial for diagnosing chronic diseases, including cancer.
The musculoskeletal segment of the market is also poised for growth due to the rising burden of musculoskeletal disorders and the aging population in Italy. Ultrasound systems play a vital role in diagnosing and monitoring these conditions, which are prevalent among the elderly. Strategic activities by market players, such as mergers, acquisitions, and product launches, are enhancing the availability and efficiency of ultrasound devices in the country. The market remains moderately competitive, with leading companies like Canon Medical Systems, GE Healthcare, and Siemens Healthineers driving innovation and expansion. These factors collectively contribute to the anticipated growth of the ultrasound devices market in Italy over the forecast period.
Italy Ultrasound 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 Increasing Burden of Chronic Diseases
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1.2.2 Technological Advancements
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1.3 Market Restraints
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1.3.1 Stringent Regulations
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1.4 Porter's Five Forces 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 (Market Size by Value - USD)
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2.1 By Application
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2.1.1 Anesthesiology
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2.1.2 Cardiology
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2.1.3 Gynecology/Obstetrics
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2.1.4 Musculoskeletal
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2.1.5 Radiology
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2.1.6 Critical Care
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2.1.7 Other Applications
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2.2 By Technology
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2.2.1 2D Ultrasound Imaging
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2.2.2 3D and 4D Ultrasound Imaging
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2.2.3 Doppler Imaging
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2.2.4 High-intensity Focused Ultrasound
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2.3 By Type
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2.3.1 Stationary Ultrasound
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2.3.2 Portable Ultrasound
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Italy Ultrasound Devices Market Size FAQs
How big is the Italy Ultrasound Devices Market?
The Italy Ultrasound Devices Market size is expected to reach USD 300.72 million in 2024 and grow at a CAGR of 4.78% to reach USD 380.35 million by 2029.
What is the current Italy Ultrasound Devices Market size?
In 2024, the Italy Ultrasound Devices Market size is expected to reach USD 300.72 million.