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Industry Developments
As of late 2023, the Italy Medical Device Market is witnessing notable developments. Companies such as Medtronic, Philips, and Johnson Johnson have recently focused on advancing digital health solutions and innovative surgical instruments, responding to increasing demand for minimally invasive procedures. In particular, Siemens Healthineers and GE Healthcare are investing heavily in artificial intelligence and imaging technology, which are gaining traction among healthcare providers. Recently, B. Braun and Terumo announced a strategic partnership aimed at expanding their product offerings in biocompatible medical devices, particularly in the areas of infusion therapy and wound management. Regarding mergers and acquisitions, in November 2023, Boston Scientific acquired a smaller Italian tech firm specializing in robotic-assisted surgery, which is expected to significantly enhance their market presence in the region. The total valuation of the medical device market in Italy has been trending upwards, with the market size projected to grow due to high healthcare spending, innovative product launches, and an increase in chronic diseases. Additionally, statistics from the Italian Ministry of Health indicated that healthcare investments rose by over 5% in the last two years, facilitating growth opportunities for major players, including Abbott Laboratories and Stryker.
Italy Medical Device Devices Market Report Scope
Report Scope
Report Scope:
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 16.03(USD Billion) |
| MARKET SIZE 2024 | 17.15(USD Billion) |
| MARKET SIZE 2035 | 36.21(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 7.03% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Medtronic, Philips, Johnson and Johnson, Boston Scientific, Siemens Healthineers, Cardinal Health, Thermo Fisher Scientific, Hologic, B. Braun, Terumo, Zimmer Biomet, Roche Diagnostics, GE Healthcare, Abbott Laboratories, Stryker |
| SEGMENTS COVERED | Device Type Outlook, Application Outlook, End User Outlook |
| KEY MARKET OPPORTUNITIES | Aging population healthcare needs, Growing demand for home care devices, Advances in telemedicine solutions, Increasing investment in AI technologies, Rising prevalence of chronic diseases |
| KEY MARKET DYNAMICS | Aging population, Technological advancements, Regulatory changes, Increasing healthcare expenditure, Rising chronic diseases |
| COUNTRIES COVERED | Italy |
FAQs
What is the expected market size of the Italy Medical Device Devices Market in 2024?
The Italy Medical Device Devices Market is expected to be valued at 17.15 USD Billion in 2024.
What is the projected market value of the Italy Medical Device Devices Market by 2035?
By 2035, the Italy Medical Device Devices Market is projected to be valued at 36.21 USD Billion.
What is the expected CAGR for the Italy Medical Device Devices Market from 2025 to 2035?
The expected compound annual growth rate for the market from 2025 to 2035 is 7.03 %.
Which segment will have the highest market value in the Italy Medical Device Devices Market by 2035?
By 2035, the Drug Delivery System segment is expected to reach a market value of 7.52 USD Billion.
Who are the major players in the Italy Medical Device Devices Market?
Key players in the market include Medtronic, Philips, Johnson and Johnson, and Boston Scientific among others.
What will be the market value of Diagnostic Devices in 2035?
The market value of Diagnostic Devices is expected to reach 8.64 USD Billion by 2035.
What is the expected market value of Invasive Devices in 2024?
In 2024, the Invasive Devices segment is expected to be valued at 3.2 USD Billion.
How much is the Respiratory Therapeutic Devices segment valued at in 2024?
The Respiratory Therapeutic Devices segment is expected to be valued at 2.55 USD Billion in 2024.
What is the projected growth for Electronic Medical Devices by 2035?
By 2035, the Electronic Medical Device segment is projected to grow to 7.73 USD Billion.
What are the key growth drivers for the Italy Medical Device Devices Market?
Key growth drivers include advancements in technology and increasing healthcare expenditure in Italy.
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