Italy Minimally Invasive Surgery Devices Market Size 2031

Segments - Italy Minimally Invasive Surgery Devices Market by Products (Handheld Instruments, Guiding Devices, Electrosurgical Devices, Endoscopic Devices, Laproscopic Devices, Robotic Assisted Surgical Systems, Ablation Devices, Laser Based Devices, and Others), Applications (Aesthetic, Cardiovascular, Gastrointestinal, Gynecological, Orthopedic, Urological, and Others), and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Vishal Golekar

Report Description

Italy Minimally Invasive Surgery Devices Market Outlook

The Italy Minimally Invasive Surgery Devices Market size was valued at USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031 expanding at a CAGR of 8.6% during 2023 – 2031. The growth of the market is attributed to the increasing prevalence of lifestyle-related and chronic disorders activities in the country.

Minimally invasive surgery, also known as minimally invasive procedures, have been enabled by the advancement in various medical technologies. Surgery by definition is invasive and many operations requiring incisions of some size are referred to as open surgery.

Minimally invasive surgery devices are utilized to treat medical conditions such as spinal and dental procedures, cardiac procedures, and aneurysms. These devices come with improvements in fiber-optics and image guidance. They also include enhancements in software systems and robotic components and are increasingly preferred in the healthcare industry.

For example, video-assisted thoracoscopic surgery (VATS) is performed for completely removal of an organ to treat trauma injuries. It is performed using a tube connected to a video camera that is inserted through the ribs through a small incision. The tube is called thoracoscope. Apart from imaging technology, virtual reality is becoming a major area of enhancement. Other procedures involving MIS surgical techniques include single-site laparoscopic surgery, spinal surgeries, cardiac, and needlescopic surgery.

According to the International Agency for Research on Cancer (IARC), the number of new incidences of cancer reported in Italy was 409,808 in 2018. Lung cancer is one of the leading causes of cancer deaths in men and women in Italy. The new incidences of lung cancer reported in Italy were 39,989. It is 9.8% of the total new cancer incidences in the country. This has increased the demand for effective treatment options with the rising lung cancer deaths and aging population.

Market Trends, Drivers, Restraints and Opportunities

Rising incidence of cancer are driving the growth of the market in the country.
Increasing development of minimally invasive procedures is expected to boost the medical devices market.
Rising demand for surgical procedures that are less painful is one of the key factors fueling the market growth.
Growing incidence of cardiovascular diseases is estimated to accelerate the growth of the market.
Rapid adoption of technological advancements in the field of medical equipment is one of the major factors driving the market growth.
High installation cost can restrain the growth of the market.
Government initiatives to control the cardiovascular diseases and policies in favor of the industry is estimated to foster the market growth.

Scope of Italy Minimally Invasive Surgery Devices Market Report

The report on the Italy minimally invasive surgery devices market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Minimally Invasive Surgery Devices Market - Italy Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Products (Handheld Instruments, Guiding Devices, Electrosurgical Devices, Endoscopic Devices, Laproscopic Devices, Robotic Assisted Surgical Systems, Ablation Devices, Laser Based Devices, and Others), and Applications (Aesthetic, Cardiovascular, Gastrointestinal, Gynecological, Orthopedic, Urological, and Others)
Country Scope	Italy
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast.
Key Players Covered in the Report	Medtronic Plc ;Terumo Corporation; Karl Storz GmbH; Olympus Corporation; GE Healthcare; Drägerwerk AG & Co.; KGaA; LED SpA; Fazzini and Quanta Systems.

Italy Minimally Invasive Surgery Devices Market Segment Insights

Robotic assisted surgical systems segment projected to expand at a considerable CAGR

On the basis of products, the market is classified as handheld instruments, guiding devices, electrosurgical devices, endoscopic devices, laparoscopic devices, robotic assisted surgical systems, ablation devices, laser based devices, and others. The robotic assisted surgical systems segment is projected to expand at a considerable CAGR during the forecast period. Robotic assisted surgical systems are attributed to high efficiency and precision.

Italy Minimally Invasive Surgery Devices Market Products

Gastrointestinal segment is anticipated to expand at a high CAGR

On the basis of applications, the minimally invasive surgery devices market is segregated into aesthetic, cardiovascular, gastrointestinal, gynecological, orthopedic, urological, and others. The gastrointestinal segment is projected to expand at a high CAGR during the forecast period. Rising rate of geriatric and pediatric gastroenterological disorders are some of the key factors driving the market growth Dyspepsia, irritable-bowel syndrome, and constipation are some of the examples of gastrointestinal disorders.

Italy Minimally Invasive Surgery Devices Market applications

Segments

The Italy minimally invasive surgery devices market has been segmented on the basis of

Products

Handheld Instruments
Guiding Devices
Electrosurgical Devices
Endoscopic Devices
Laproscopic Devices
Robotic Assisted Surgical Systems
Ablation Devices
Laser Based Devices
Others

Applications

Aesthetic
Cardiovascular
Gastrointestinal
Gynecological
Orthopedic
Urological
Others

Country

Italy

Key Players

Karl Storz GmbH
Olympus Corporation
Drägerwerk AG & Co. KGaA
Medtronic Plc.
Terumo Corporation

Competitive Landscape

The market is very competitive in nature owing to the presence of many major players. Some of the major players competing in the Italy minimally invasive surgery devices market are Medtronic Plc; Terumo Corporation; Karl Storz GmbH; Olympus Corporation; GE Healthcare; Drägerwerk AG & Co.; KGaA; LED SpA; Fazzini and Quanta Systems.

In December 2020, Abbott launched a minimally-invasive heart valve repair device in India to treat mitral regurgitation. It can assist with reestablishing the heart’s ability to pump oxygenated blood more productively and assist with further developing the organization's income.

In September 2020, Smith & Nephew announced the launch of HELOCOIL KNOTLESS suture anchor and improved its product portfolio in the line of advanced healing solutions for rotator cuff repair. This can assist the organization to increase its revenue in the coming years.

Italy Minimally Invasive Surgery Devices Market keyplayers

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Minimally Invasive Surgery Devices Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Minimally Invasive Surgery Devices Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Minimally Invasive Surgery Devices Market - Supply Chain
  4.5. Global Minimally Invasive Surgery Devices Market Forecast
     4.5.1. Minimally Invasive Surgery Devices Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Minimally Invasive Surgery Devices Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Minimally Invasive Surgery Devices Market Absolute $ Opportunity
5. Global Minimally Invasive Surgery Devices Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Minimally Invasive Surgery Devices Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Minimally Invasive Surgery Devices Demand Share Forecast, 2019-2026
6. North America Minimally Invasive Surgery Devices Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Minimally Invasive Surgery Devices Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Minimally Invasive Surgery Devices Demand Share Forecast, 2019-2026
7. Latin America Minimally Invasive Surgery Devices Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Minimally Invasive Surgery Devices Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Minimally Invasive Surgery Devices Demand Share Forecast, 2019-2026
8. Europe Minimally Invasive Surgery Devices Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Minimally Invasive Surgery Devices Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Minimally Invasive Surgery Devices Demand Share Forecast, 2019-2026
9. Asia Pacific Minimally Invasive Surgery Devices Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Minimally Invasive Surgery Devices Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Minimally Invasive Surgery Devices Demand Share Forecast, 2019-2026
10. Middle East & Africa Minimally Invasive Surgery Devices Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Minimally Invasive Surgery Devices Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Minimally Invasive Surgery Devices Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Minimally Invasive Surgery Devices Market: Market Share Analysis
  11.2. Minimally Invasive Surgery Devices Distributors and Customers
  11.3. Minimally Invasive Surgery Devices Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Karl Storz GmbH
     11.4.2. Olympus Corporation
     11.4.3. Drägerwerk AG & Co. KGaA
     11.4.4. Medtronic Plc.
     11.4.5. Terumo Corporation