Spain Biosensors Market Size & Outlook, 2022-2030
Spain biosensors market, 2018-2030 (US$M)
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Spain biosensors market highlights
- The Spain biosensors market generated a revenue of USD 366.9 million in 2022 and is expected to reach USD 628.1 million by 2030.
- The Spain market is expected to grow at a CAGR of 7% from 2023 to 2030.
- In terms of segment, electrochemical was the largest revenue generating technology in 2022.
- Electrochemical is the most lucrative technology segment registering the fastest growth during the forecast period.
Biosensors market data book summary
| Market revenue in 2022 | USD 366.9 million |
| Market revenue in 2030 | USD 628.1 million |
| Growth rate | 7% (CAGR from 2022 to 2030) |
| Largest segment | Electrochemical |
| Fastest growing segment | Electrochemical |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Thermal, Electrochemical, Piezoeletric, Optical |
| Key market players worldwide | Bio-Rad Laboratories Inc, Medtronic PLC, Abbott Laboratories, Biosensors, Pinnacle Financial Partners Inc, DuPont Nutrition & Biosciences, Johnson & Johnson, Koninklijke Philips NV, Nova Biomedical, Koch Industries, TDK Corp, Siemens AG |
Other key industry trends
- In terms of revenue, Spain accounted for 1.4% of the global biosensors market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany biosensors market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 493.8 million by 2030.
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Biosensors Market Scope
Biosensors Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain biosensors market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biosensors market will help companies and investors design strategic landscapes.
Electrochemical was the largest segment with a revenue share of 73.64% in 2022. Horizon Databook has segmented the Spain biosensors market based on thermal, electrochemical, piezoeletric, optical covering the revenue growth of each sub-segment from 2018 to 2030.
The Spain biosensors market is anticipated to witness considerable growth rate over the forecast period. Increasing geriatric population in Spain and rising incidence of diabetes are among the major factors driving the market growth.
For instance, as per the report published by International Diabetes Federation in 2020, the prevalence rate of diabetes in Spain was around 10.5%, and around 3,619,100 cases of diabetes were reported in adults. Such factors are anticipated to increase the demand for biosensors, which in turn is expected to fuel the market growth.
Presence of a developed healthcare system in Spain may also encourage many major players to enter the market, thereby propelling the market growth. According to WHO, as compared to other OECD European countries, the Spanish health system is well advanced and ensures adoption of innovative technologies by practitioners.
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Our clientele includes a mix of biosensors market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain biosensors market , including forecasts for subscribers. This country databook contains high-level insights into Spain biosensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain biosensors market size, by technology, 2018-2030 (US$M)
Spain Biosensors Market Outlook Share, 2022 & 2030 (US$M)
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