Italy Ultrasound Devices Market Size

Italy Ultrasound Devices Market Analysis

The Italy Ultrasound Devices Market size is expected to grow from USD 287.58 million in 2023 to USD 363.21 million by 2028, at a CAGR of 4.78% during the forecast period (2023-2028).

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.