Industry / Italy
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Focus On Medical Devices
February 2008 | Industry NewsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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The Italian medical devices market was worth approximately US$6.0bn in 2007 and should reach a value of US$7.3bn in 2012. This represents a compound average growth rate of about 4%, roughly in line with growth levels in the pharmaceutical market. Key market drivers include the attempt by the local industry to move up the value chain and outsource lower-level production to emerging markets, as well as increasing penetration of foreign markets. Despite this, however, the country still runs a sizeable trade deficit for medical devices.