Italy Cardiovascular Devices Market - Growth, Trends & Forecast (2020 - 2025)

The Italy cardiovascular devices market is segmented by Device Type (Diagnostic and Monitoring Devices & Therapeutic and Surgical Devices).

Market Snapshot

Study Period:

2017-2025

Base Year:

2019

CAGR:

4.5 %

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Market Overview

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.

Scope of the report

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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Key Market Trends

ECG Dominated the Diagnostic and Monitoring Segment

  • On the diagnostic and monitoring front, a new generation of portable and compact ECG is driving its greater adoption, especially in the home healthcare segment. There has been an increase in the incidence of cardiovascular diseases (CVD), wherein a long-term ECG monitoring is necessary. Moreover, with the introduction of wireless ECG, doctors can monitor and diagnose the patient remotely on time, which further fuels market growth.
  • Portable and compact designs of ECG are boosting their adoption in the region. In addition, event monitors enable data storage, which is pushing the penetration of these systems point-of-care and in-home healthcare and point-of-care to a great extent.
  • Furthermore, increasing cardiovascular diseases, such as arrhythmias, stroke, and high blood pressure, are increasing the demand for cardiovascular devices, along with rising awareness and demand for minimally invasive surgeries, which, in turn, are expected to drive the Italian cardiovascular devices market.

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Competitive Landscape

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.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rapid Technological Advancements

      2. 4.2.2 Increasing Burden of Cardiovascular Diseases Coupled with Increased Preference of Minimally Invasive Procedures

    3. 4.3 Market Restraints

      1. 4.3.1 Stringent Regulatory Policies and High Cost of Instruments and Procedures

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Device Type

      1. 5.1.1 Diagnostic and Monitoring Devices

        1. 5.1.1.1 Electrocardiogram (ECG)

        2. 5.1.1.2 Remote Cardiac Monitoring

        3. 5.1.1.3 Other Diagnostic and Monitoring Devices

      2. 5.1.2 Therapeutic and Surgical Devices

        1. 5.1.2.1 Cardiac Assist Devices

        2. 5.1.2.2 Cardiac Rhythm Management Device

        3. 5.1.2.3 Catheter

        4. 5.1.2.4 Grafts

        5. 5.1.2.5 Heart Valves

        6. 5.1.2.6 Stents

        7. 5.1.2.7 Other Therapeutic and Surgical Devices

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Abbott Laboratories

      2. 6.1.2 Boston Scientific Corporation

      3. 6.1.3 Cardinal Health Inc.

      4. 6.1.4 Edwards Lifesciences

      5. 6.1.5 GE Healthcare

      6. 6.1.6 WL Gore & Associates Inc.

      7. 6.1.7 Medtronic PLC

      8. 6.1.8 Biotronik

      9. 6.1.9 Siemens Healthineers AG

      10. 6.1.10 Canon Medical Systems Corporation

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

** Subject to Availability

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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