Italy Minimally Invasive Surgery Devices Market

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.

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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.

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.

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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.

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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.