Italy Medical Devices Market Introduction and Overview
According to SPER Market Research, the Italy Medical Devices Market is estimated to reach USD XX billion by 2033 with CAGR of XX%.
The report includes an in-depth analysis of the Italy Medical Devices Market, including market size and trends, product mix, applications, and supplier analysis. Devices intended for human use and with a medical function are known as medical gadgets. Unlike medications, which can have effects on the immune system, metabolism, or pharmacology, medical devices usually aim to achieve their primary goals by physical means, like force. Medical devices include things like implants, injection, infusion, transfusion, and dialysis supplies; human medical tools; medical software; pacemakers, catheters; dental products; dressings; visual aids; X-ray equipment; condoms; medical instruments; and laboratory diagnostics. In addition to their intended use, medical devices can also contain materials or coatings that, when used alone, are considered pharmaceuticals or pharmaceutical ingredients (including plasma derivatives) and have the potential to impact human health in addition to the device's functionalities.
- TytoCare: With its announcement of its launch in Italy, TytoCare—the first all-in-one modular device and examination platform for AI-powered, on-demand, remote medical tests—opened the door for its telehealth solution to be widely used. Due to a partnership with Multimed, a leading distributor and commercialization firm for medical equipment, surgical instruments, robotics, and safety devices, TytoCare will only be offered in the Italian public healthcare market. The only comprehensive telehealth solution that lets doctors interact virtually with patients for clinic-caliber physical examinations is TytoCare. The portable examination instrument allows users to perform comprehensive physical inspections of the abdomen, lungs, skin, ears, throat, heart, and body temperature—all vital signs for COVID-19 monitoring.
Market Opportunities and Challenges
Patient care has drastically changed as a result of technological advancements in medicine, with a greater emphasis now being placed on clinical outcomes. For example, non-invasive or minimally invasive medical technology reduces medical costs while also accelerating the healing process. Another sign of the growing trend in medicine to use cutting-edge technology to improve therapeutic outcomes is the growth of the markets for telemedicine and drug-eluting stents. We keep an eye on the major markets for medical devices, such as those for self-diagnostic, orthopaedic, cardiovascular, surgical, therapeutic, mobility assistive, and neurostimulator goods.
The arrival of serious illnesses on its own, like the existing coronavirus pandemic, is expected to raise demand for medical equipment. The need for hospital supplies, in-vitro diagnostic tools, and respiratory care equipment has significantly expanded with the emergence of COVID-19 in many countries. It is expected that this requirement will continue in order to contain the pandemic and lessen the likelihood that similar illnesses would start and spread. Consequently, the incidence of such severe diseases during the anticipated timeframe will be what drives the demand for medical equipment in Italy.
However, regulatory changes are expected to result in increased costs for the development of new products and the delivery of patient services. These include modifications to the procedures for equipment approval as well as changes to consumer data protection, such as the General Data Protection Regulation (GDPR) of the European Union. The potential for income loss from delayed product release and increased expenses incurred as a result of stringent regulatory procedures put pressure on investments in new product development, which in turn affects the growth of the medical device and equipment industry.
Market Competitive Landscape
Italy's medical device market is characterised by a mix of native and foreign enterprises, and it is very competitive and dynamic. Important participants in the sector comprise both well-known global conglomerates and more creative, smaller businesses. Among the well-known businesses involved in the Italian medical device industry are: Becton Dickinson & Company, Cardinal Health, Philips, Siemens Healthineers, Stryker and various others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product Type, By End-User
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| Regions covered | Eastern Region, Western Region, Southern Region, Northern Region |
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| Companies Covered | Becton Dickinson & Company, Cardinal Health, Philips, Siemens Healthineers, Stryker and various others
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COVID-19 Impact on Italy Medical Devices Market
The medical device business in Italy was greatly affected by the COVID-19 pandemic. Resources were stretched due to the increase in healthcare needs, which hastened the adoption of cutting-edge medical technologies. It became imperative to pay closer attention to ventilators, other vital equipment, and diagnostic and monitoring tools. For manufacturers, supply chain disruptions and increased regulatory scrutiny presented difficulties. Interest in telemedicine and remote patient monitoring systems increased. Notwithstanding obstacles, the pandemic highlighted the value of robust and creative medical gadgets, propelling continuous improvements in healthcare technology and encouraging business partnerships to improve readiness for upcoming health emergencies in the Italian market.
Key Target Audience:
- Biomedical Engineers
- Health Insurance Companies
- Healthcare Professionals
- Hospitals and Healthcare Institutions
- Ministry of Health
- Patients and Advocacy Groups
- Private Clinics and Specialty Centers
- Procurement Managers
- Research and Academic Institutions
- Others
Our in-depth analysis of the Italy Medical Devices Market includes the following segments:
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By Product Type:
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Cardiovascular Devices
Dental
Diabetes Care
Diagnostic Imaging
General Surgery
IVD
MIS
Nephrology
Ophthalmic
Orthopedic Devices
Wound Management
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By End-User:
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Clinics
Hospitals and ASCs
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By Region:
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Eastern Region
Northern Region
Southern Region
Western Region
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Key Topics Covered in the Report:
- Italy Medical Devices Market Size (FY’2023-FY’2033)
- Overview of Italy Medical Devices Market
- Segmentation of Italy Medical Devices Market By Product Type (Cardiovascular Devices, Dental, Diabetes Care, Diagnostic Imaging, General Surgery, IVD, MIS, Nephrology, Ophthalmic, Orthopedic Devices, Wound Management, Others)
- Segmentation of Italy Medical Devices Market By End-User (Clinics, Hospitals and ASCs, Others)
- Statistical Snap of Italy Medical Devices Market
- Expansion Analysis of Italy Medical Devices Market
- Problems and Obstacles in Italy Medical Devices Market
- Competitive Landscape in the Italy Medical Devices Market
- Impact of COVID-19 and Demonetization on Italy Medical Devices Market
- Details on Current Investment in Italy Medical Devices Market
- Competitive Analysis of Italy Medical Devices Market
- Prominent Players in the Italy Medical Devices Market
- SWOT Analysis of Italy Medical Devices Market
- Italy Medical Devices Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Italy Medical Devices Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Italy Medical Devices Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Italy Medical Devices Market
7. Italy Medical Devices Market, By Product Type (USD Million)
7.1. Italy Medical Devices Market Value Share and Forecast, By Product Type, 2023-2033
7.2. Cardiovascular Devices
7.3. Dental
7.4. Diabetes Care
7.5. Diagnostic Imaging
7.6. General Surgery
7.7. IVD
7.8. MIS
7.9. Nephrology
7.10. Ophthalmic
7.11. Orthopedic Devices
7.12. Wound Management
7.13. Others
8. Italy Medical Devices Market, By End-User (USD Million)
8.1. Italy Medical Devices Market Value Share and Forecast, By End-User 2023-2033
8.2. Clinics
8.3. Hospitals and ASCs
8.4. Others
9. Italy Medical Devices Market Forecast, 2019-2033 (USD Million)
9.1. Italy Medical Devices Market Size and Market Share
10. Italy Medical Devices Market, By Product Type, 2019-2033 (USD Million)
10.1. Italy Medical Devices Market Size and Market Share By Product Type (2019-2026)
10.2. Italy Medical Devices Market Size and Market Share By Product Type (2027-2033)
11. Italy Medical Devices Market, By End-User, 2019-2033 (USD Million)
11.1. Italy Medical Devices Market Size and Market Share By End-User (2019-2026)
11.2. Italy Medical Devices Market Size and Market Share By End-User (2027-2033)
12. Italy Medical Devices Market, By Region, 2019-2033 (USD Million)
12.1. Italy Medical Devices Market Size and Market Share By Region (2019-2026)
12.2. Italy Medical Devices Market Size and Market Share By Region (2027-2033)
12.3. Eastern Region
12.4. Northern Region
12.5. Southern Region
12.6. Western Region
13. Company Profile
13.1. Becton Dickinson & Company
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Cardinal Health
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Philips
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Siemens Healthineers
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Stryker
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope