Italy Ultrasound Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Italy Ultrasound Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Italy's ultrasound devices market was valued at USD 262.94 million in 2021 and is projected to register a CAGR of 4.7% during the forecast period (2022-2027).

COVID-19 had an adverse impact on the ultrasound devices market in Italy. According to an article titled "Impact of Coronavirus Disease 2019 (COVID-19) Emergency on Italian Radiologists: a National Survey" published in July 2020, following the Covid-19, the Italian government implemented containment and social distancing measures, eventually leading to a nationwide lockdown. The majority of radiological departments were compelled to stop ultrasound, MRI, and CT scans as a result of the circumstance. Because of a decline in ultrasound, CT, and MRI, most Italian radiology departments had a considerable decline in imaging volumes, particularly in private practice, where 13.3% of institutions closed. The Rizzoli Orthopaedic Institute hospital was reorganized to receive the majority of fractures from the entire city as all of the smaller local hospitals were progressively closing in order to centralize the treatment of critical dread diseases, according to the article "The COVID-19 outbreak in Italy: perspectives from an orthopedic hospital," published in May 2020 in SpringerLink. Only trauma surgery, oncologic procedures, and urgent situations like osteomyelitis and wound infection dehiscence were therefore allowed. Thus, the studied market was adversely affected by the pandemic.

With the increasing prevalence of chronic diseases such as cardiovascular diseases, along with technological advancements in the studied market is expected to grow in Italy during the study period. For instance, according to the research study published in March 2021, titled “Cardiovascular disease burden: Italian and global perspectives”, the prevalence of cardiovascular diseases (CVDs) in Italy is nearly twofold higher (12.9 % vs. 6.6 %), while age-standardized estimates are similar (6.2 % vs. 6.3 %), and the impact of increasing life-expectancy is a key determinant of CVD epidemiology in Italy, since older age is one of the major risk factors for CVDs, and with a growing older population, the burden CVDs are further expected to increase over the years which will fuel growth in the studied ultrasound devices market in the country. Some of the major businesses that manufacture ultrasonic equipment are present in Italy. These businesses are constantly expanding their product lines and introducing new ones, among other things, which will help the country's market growth over time. For instance, in September 2021, Esaote, an Italian company introduced E-shop, a new online store designed to more efficiently and effectively connect with medical professionals. It introduced the new MyLab X9 ultrasound machine in May 2021. MyLab X9 offers superior image quality and data processing capabilities while utilizing the most recent technology advancements to investigate the newest areas of ultrasound imaging. Thus, the abovementioned factors are expected to increase market growth.

Key Market Trends2D Ultrasound Imaging Segment is Expected to Hold a Significant Market Share Over the Forecast Period

The variables that are anticipated to propel the expansion of 2D ultrasound systems in this country are rising acceptance of ultrasound systems, rising cancer prevalence, and improvements in 2D ultrasound systems. According to Globocan 2020, there will be 415,269 new instances of cancer in Italy in 2020, and this figure is projected to rise to 495,038 in 2040, which will drive market expansion. These figures suggest that the country's demand for ultrasound systems will be fueled by the anticipated rise in the number of cancer cases. Esaote, an Italian company that is a pioneer in the world of medical diagnostic imaging technologies, gave 103 portable ultrasound scanners to four Italian regions in March 2020. It demonstrates that the national health system has significant support, even in the face of the COVID-19 catastrophe. Esaote won a tender for the delivery of 155 ultrasound scanners to serve the national health system on behalf of Civil Protection from Consip (the central purchasing organization for goods and services for Italian public administrations). The market for 2D ultrasound systems in the nation has expanded as a result of the expanding government backing, which increased the adoption of an ultrasound system in the national health system. Furthermore, it is predicted that the rise of these systems in Italy will be fueled by technological developments in 2D ultrasound systems for producing high-resolution images. For instance, Centro Palmer in Reggio Emilia, Italy, teamed up with PIUR IMAGING in June 2021. The newest tomographic ultrasound technology from PIUR has been used for the first time in Italy by Centro Palmer, a renowned thyroid diagnostic and treatment center. The PIUR tUS Infinity is a wireless add-on that uses sensor modules to transform any standard ultrasound device into a high-resolution tomographic imaging system. This will facilitate the conversion of a 2D ultrasound image to a 3D reconstruction that is significantly more realistic, leading to a higher uptake of 2D ultrasound systems in this area. Hence, the above developments pertaining to 2D ultrasound systems, it is expected to drive the market growth in this region.

Competitive Landscape

Italy ultrasound devices market is moderately competitive and consists of several major players. Some of the companies that are currently dominating the market are Canon Medical Systems Corporation, GE Healthcare, Fujifilm Holdings Corporation, Siemens Healthineers AG, and Koninklijke Philips NV among others.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.