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The Italy cardiovascular devices market is segmented by Device Type (Diagnostic and Monitoring Devices & Therapeutic and Surgical Devices).
The Italian cardiovascular devices market is projected to grow at a CAGR of 4.5% over the forecast period. The steadily rising prevalence of chronic heart ailments and sedentary lifestyles engendering a high incidence of cardiac diseases. For instance, as per the data published by Institute for Health Metrics and Evaluation, in 2019, cardiovascular disease claimed around 9.99 million Italian Population.
In addition, the rising geriatric population in Italy is fueling the number of cases diagnosed with cardiovascular disorders due to the high susceptibility of this population to developing cardiac diseases. For instance, as per the report published by United Nations Department of Economic and Social Affairs, in 2019, there were 13.93 million Italian population aged 65 years or above. As a result, the huge target population is positively impacting the growth of the cardiovascular market In Italy.
Furthermore, other factors, such as the rapid technological advances and high preference for minimally invasive procedures, are supplementing the market growth.
The Italian cardiovascular devices market is segmented by device type. On the basis of device type, the market is segmented into the diagnostic and monitoring devices and therapeutic and surgical devices segments. The diagnostic and monitoring devices segment is further segmented into electrocardiogram (ECG), remote cardiac monitoring, and other diagnostic and monitoring devices. Similarly, the therapeutic and surgical devices segment is subdivided into cardiac assist devices, cardiac rhythm management device, catheter, grafts, heart valves, stents, and other therapeutic and surgical devices.
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Italian cardiovascular devices sector is moderatley competitive with many local manufacturers competing with international companies. Thus, market players are adopting strategies such as mergers, acquisitions, and collaborations to expand their product offerings and customer base, thereby expanding their market share. Major players operating in the Italy cardiovascular devices vertical include Medtronic; Cardinal Health, Inc.; Boston Scientific Corporation; Abbott Laboratories, Inc. among others.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rapid Technological Advancements
4.2.2 Increasing Burden of Cardiovascular Diseases Coupled with Increased Preference of Minimally Invasive Procedures
4.3 Market Restraints
4.3.1 Stringent Regulatory Policies and High Cost of Instruments and Procedures
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Device Type
5.1.1 Diagnostic and Monitoring Devices
18.104.22.168 Electrocardiogram (ECG)
22.214.171.124 Remote Cardiac Monitoring
126.96.36.199 Other Diagnostic and Monitoring Devices
5.1.2 Therapeutic and Surgical Devices
188.8.131.52 Cardiac Assist Devices
184.108.40.206 Cardiac Rhythm Management Device
220.127.116.11 Heart Valves
18.104.22.168 Other Therapeutic and Surgical Devices
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Abbott Laboratories
6.1.2 Boston Scientific Corporation
6.1.3 Cardinal Health Inc.
6.1.4 Edwards Lifesciences
6.1.5 GE Healthcare
6.1.6 WL Gore & Associates Inc.
6.1.7 Medtronic PLC
6.1.9 Siemens Healthineers AG
6.1.10 Canon Medical Systems Corporation
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments