Market Trends of Italy Computed Tomography Industry
This section covers the major market trends shaping the Italy Computed Tomography Market according to our research experts:
Oncology Segment is Expected to Register Significant Growth Over the Forecast Period
Oncology (study of cancer), is one of the largest segments in the market studied. The increasing burden of cancer in Italy is the leading factor for the high utilization of computed tomography (CT) scans in the country. A CT scan can detect a cancerous tumor in the body and it can also detect the shape, size, and location of the tumor. CT scan is one of the most reliable diagnostic methods for cancers. As a result, it is highly used in the oncology segment.
As per the study by the International Agency for Research on Cancer, published in the GLOBOCAN 2020 report, the estimated number of breast cancer cases in 2020 was 55,133 in Italy. The same report stated that the estimated number of lung cancer cases in 2020 was 41,953. The high burden of different types of cancers in Italy is expected to boost the demand for computed tomography for diagnostic purposes. This is expected to boost the market's growth during the forecast period.
Italian companies operating in the CT market are focusing on adopting various growth strategies, such as new product launches, innovations in the existing products, and mergers and acquisitions, for the introduction of more efficient medical diagnostic devices and to strengthen their market presence. For instance, in September 2021, Telix entered into an exclusive commercial distribution agreement with Bologna-based Radius Srl for Telix's prostate cancer investigational imaging product, Illuccix. With such new launches, it is exected that the oncololy segment will witness strong growth in the forecast period.
