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Italy Minimally Invasive Surgery Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
The Italy Minimally Invasive Surgery Devices Market is Segmented by Product (Handheld Instruments, Guiding Devices, Electrosurgical Devices, Endoscopic Devices, Laparoscopic Devices, Monitoring and Visualization Devices and Others) and Application
- ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the report
- Key Market Trends
- Competitive Landscape
- Major Players
- TABLE OF CONTENTS
Market Snapshot
Study Period:
2018 - 2026
Base Year:
2019
CAGR:
8.6 %
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Market Overview
The Italy Minimally Invasive Devices Market is expected to witness an 8.6% of CAGR growth during the forecast period. The major factors expected to drive the market growth are the rising number of surgical procedures along with the burden of chronic diseases in the country and technological advancement in the products.
According to the Organization for Economic Cooperation and Development, in 2018, there are about 146,151 caesarian sections were being performed in the market studied during the forecast period. Furthermore, a rising preference for minimally invasive procedures due to certain advantages such as low operative time and few post-operative complications. Thus, it is expected to accelerate the market studied over the forecast period.
Scope of the report
As per the scope of this report, minimally-invasive surgical devices refer to electrosurgical systems, robot-assisted surgical systems, and surgical equipment, which are used during the minimally-invasive procedure. The minimally-invasive neurosurgery device market is growing at a significant rate, due to various benefits associated with minimally-invasive procedures, such as less recovery time, minimal pain to the patients, shortened hospital stay, and high accuracy.
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Key Market Trends
Gastrointestinal Segment is Expected to Observe a Significant Growth During the Forecast Period
The gastrointestinal segment is expected to be the fastest-growing segment, owing to the rising incidence of gastrointestinal diseases in the country. Gastrointestinal diseases include irritable bowel syndrome, hemorrhoids, anal fissures, gastrointestinal cancer, etc.
According to the GLOBOCAN, in 2018, about 18, 783 new cases of stomach cancer were reported in the country. The minimally invasive procedures have gained popularity in the treatment of gastrointestinal diseases because of its safety and efficacy in comparison to the conventional methods. Hence, the market is expected to boost during the forecast period in this segment.
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Competitive Landscape
Some of the major players in the Italy Minimally Invasive Surgery Devices Market are Terumo Corporation, Karl Storz GmbH, Olympus Corporation, GE Healthcare, Medtronic Plc, Drägerwerk AG & Co. KGaA, LED SpA, Fazzini and Quanta Systems.
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Table Of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Number of Surgical Procedures Coupled with Growing Burden of Chronic Disorders
4.2.2 Technological Advancement in Products
4.3 Market Restraints
4.3.1 Shortage of Experienced Professionals
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
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 Products
5.1.1 Handheld Instruments
5.1.2 Guiding Devices
5.1.3 Electrosurgical Devices
5.1.4 Endoscopic Devices
5.1.5 Laproscopic Devices
5.1.6 Monitoring and Visualization Devices
5.1.7 Others
5.2 By Application
5.2.1 Cardiovascular
5.2.2 Gastrointestinal
5.2.3 Gynecological
5.2.4 Orthopedic
5.2.5 Urological
5.2.6 Other Applications
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Terumo Corporation
6.1.2 Karl Storz GmbH
6.1.3 Olympus Corporation
6.1.4 GE Healthcare
6.1.5 Medtronic Plc
6.1.6 Drägerwerk AG & Co. KGaA
6.1.7 LED SpA
6.1.8 Fazzini
6.1.9 Quanta Systems
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
*List Not Exhaustive
**Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, and Recent Developments
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