BMI View: Italy will remain the fourth largest medical device market in Western Europe but potentialpolitical uncertainty, a sluggish economy and healthcare cost-containment measures will restrict marketgrowth. Despite falling hospital debt, small companies will continue to deal with a notorious amount of redtape and payment delays in the public sector, which represents about 70% of the market.
Latest Updates And Key Forecasts
We maintain our forecast and project that the market will expand by a 2016-2021 CAGR of 3.4% in localcurrency terms and 1.3% in US dollar terms to EUR9.7bn (USD9.7bn) in 2021. Growth will continue tobe hampered by the sluggish economy as well as ongoing financial difficulties in the health service.Market growth in US dollar terms will be adversely affected by a further weakening of the euro over theforecast period.