Italy Ultrasound Devices Market Size & Outlook, 2023-2030
Italy ultrasound devices market, 2018-2030 (US$M)
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Italy ultrasound devices market highlights
- The Italy ultrasound devices market generated a revenue of USD 230.6 million in 2023 and is expected to reach USD 319.5 million by 2030.
- The Italy market is expected to grow at a CAGR of 4.8% from 2024 to 2030.
- In terms of segment, diagnostic ultrasound devices was the largest revenue generating product in 2023.
- Therapeutic Ultrasound Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Ultrasound devices market data book summary
| Market revenue in 2023 | USD 230.6 million |
| Market revenue in 2030 | USD 319.5 million |
| Growth rate | 4.8% (CAGR from 2023 to 2030) |
| Largest segment | Diagnostic ultrasound devices |
| Fastest growing segment | Therapeutic Ultrasound Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostic Ultrasound Devices, Therapeutic Ultrasound Devices |
| Key market players worldwide | Koninklijke Philips NV, GE HealthCare Technologies Inc Common Stock, Siemens Healthineers AG ADR, Canon Inc, Mindray Medical International, Samsung BioLogics, FUJIFILM Holdings Corp, Konica Minolta Inc, Esaote |
Other key industry trends
- In terms of revenue, Italy accounted for 2.4% of the global ultrasound devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK ultrasound devices market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 598.1 million by 2030.
Diagnostic ultrasound devices was the largest segment with a revenue share of 84.35% in 2023. Horizon Databook has segmented the Italy ultrasound devices market based on diagnostic ultrasound devices, therapeutic ultrasound devices covering the revenue growth of each sub-segment from 2018 to 2030.
The Italian government is the primary purchaser of medical equipment in the country. Public hospitals account for around 75% of sales of medical devices, while the remaining 25% of sales are made to the private sector. Italy's healthcare system is a regionally based national health service that provides universal coverage, largely free of charge at the point of delivery.
Italy was the first European country to be severely affected by the COVID-19 pandemic. This has contributed to the growing use of ultrasound devices, owing to the advantage it provides in early diagnosis of COVID-19-related pneumonia.
Thus, the number of lung ultrasonography procedures performed in Italy significantly increased, causing a spike in the demand for ultrasound devices. Esaote, an Italian medical device manufacturer, supplied 103 portable ultrasound units to four Italian regions in April 2020. Therefore, the increasing use of ultrasound machines in ICUs and emergency facilities is anticipated to boost market growth in the region.
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Ultrasound Devices Market Scope
Ultrasound Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy ultrasound devices market size, by product, 2018-2030 (US$M)
Italy Ultrasound Devices Market Outlook Share, 2023 & 2030 (US$M)
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