Market Trends of Italy Hospital Supplies Industry
This section covers the major market trends shaping the Italy Hospital Supplies Market according to our research experts:
Syringes and Needles Segment is Expected to Witness Healthy Growth Over the Forecast Period
The syringes and needles segment is expected to witness growth over the forecast period owing to factors such as increased vaccination drives, product launches, and the presence of competitors in Italy. For instance, in August 2022, Italy launched a vaccination campaign against the monkeypox virus, and the first dose of the vaccine, Jynneos, was given at the Spallanzani hospital in Rome. Thus, the increasing vaccination programs are expected to increase the demand for syringes and needles, which in turn is anticipated to propel segment growth over the forecast period.
Additionally, the healthcare funding and investments by the government bodies are also expected to accelerate the production of syringes and needles for administering vaccine doses in the country, hence bolstering segment growth. For instance, in October 2021, the EC granted EUR 2 million (USD 2.1 million) following the modification of two European Regional Development Funds: one European Social Fund (ESF) and one Fund for European Aid to the Most Deprived Operational Programmes (OP) under the Recovery Assistance for Cohesion and the Territories in Europe. Of this amount, EUR 761 million (USD 815 million) will be used to purchase 68 million doses of the coronavirus vaccination in Italy. Thus, the import of a high number of vaccine doses raises the demand for syringes and needles, hence propelling the segment's growth.
Furthermore, the rising company activities in adopting various business strategies, such as collaboration, expansion, and others, are expected to increase the production of sterile syringes and needles. This is anticipated to fuel market growth over the forecast period. For instance, in October 2021, Aenova expanded its sterile fill and finish capacity that features a completely new high-speed flexible line for vials and prefilled syringes (PFS) at its Italian site in Latina. The area provides capacity for more than 80 million vials and over 180 million prefilled syringes, targeting vaccines and biologics.
Therefore, owing to factors such as increasing vaccination drives, growing healthcare funding, and purchases of vaccine doses, as well as rising company activities, the studied segment is expected to grow over the forecast period.
Sterilization and Disinfectant Equipment is Expected to Have the Significant Market Share Ove the Forecast Period
The sterilization and disinfectant equipment segment is expected to register significant growth in the hospital supplies market in Italy over the forecast period owing to factors such as the rising burden of infectious diseases, increasing awareness regarding sanitization, and the growing number of surgeries that require frequent sterilization of medical devices.
For the hospitals and the patients in the hospitals, cleaning, disinfection, and sterilization play a significant role. Currently, there is a high expenditure on hospital supplies to maintain the cleanliness of equipment (such as the prevention of healthcare-associated infections) and surgical instruments, as well as staff hygiene. To avoid infections in hospital settings and home care as well, sterilization and disinfectant products are in high demand. This is anticipated to drive segment growth over the forecast period.
Moreover, recent developments by major companies are increasing the demand for sterilization and disinfectant supply products. For instance, in July 2021, Amira Srl, an Italian equipment manufacturer, launched the newest device, Bioreset Max, a lightweight, compact vapor generator that automatically adjusts hydrogen peroxide to optimal levels of efficacy for all users, especially in healthcare. Such developments are anticipated to fuel the segment's growth over the forecast period.
Therefore, owing to the aforementioned factors, the studied segment is expected to grow over the forecast period.
