Spain Medical Device Outsourcing Market Size & Outlook
Spain medical device outsourcing market, 2018-2030 (US$M)
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Spain medical device outsourcing market highlights
- The Spain medical device outsourcing market generated a revenue of USD 1,366.2 million in 2022 and is expected to reach USD 3,319.2 million by 2030.
- The Spain market is expected to grow at a CAGR of 11.7% from 2023 to 2030.
- In terms of segment, contract manufacturing was the largest revenue generating service in 2022.
- Quality Assurance is the most lucrative service segment registering the fastest growth during the forecast period.
Medical device outsourcing market data book summary
| Market revenue in 2022 | USD 1,366.2 million |
| Market revenue in 2030 | USD 3,319.2 million |
| Growth rate | 11.7% (CAGR from 2022 to 2030) |
| Largest segment | Contract manufacturing |
| Fastest growing segment | Quality Assurance |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Quality Assurance, Regulatory Affairs Services, Product Design and Development Services, Product Testing & Sterilization Services, Product Implementation Services, Product Upgrade Services, Product Maintenance Services, Contract Manufacturing |
| Key market players worldwide | SGS AG, Labcorp Holdings Inc, Eurofins Scientific SE, Pace Analytical Services, Intertek Group PLC, Wuxi AppTec Co Ltd, Sotera Health Co Ordinary Shares, Charles River Laboratories International Inc, Medical Device Testing Services, FREYR Battery Inc, PAREXEL, Accell, Genpact Ltd, Criterium Inc., Promedica International, Medpace Holdings Inc, Icon PLC, IQVIA Holdings Inc, Integer Holdings Corp, Tecomet, Jabil Inc, Flex Ltd, Celestica Inc Ordinary Shares (Subordinate Voting), Sanmina Corp, Plexus Corp, Molex, Steris PLC, West Pharmaceutical Services Inc, NAMSA, TUV SUD, RJR Consulting, Mandala International, Global Regulatory Partners, Emergo Group, BioTeknica Engineering & Regulatory Services |
Other key industry trends
- In terms of revenue, Spain accounted for 1.2% of the global medical device outsourcing market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany medical device outsourcing market is projected to lead the regional market in terms of revenue in 2030.
- Sweden is the fastest growing regional market in Europe and is projected to reach USD 1,551.0 million by 2030.
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Medical Device Outsourcing Market Scope
Medical Device Outsourcing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain medical device outsourcing 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 medical device outsourcing market will help companies and investors design strategic landscapes.
Contract manufacturing was the largest segment with a revenue share of 54.55% in 2022. Horizon Databook has segmented the Spain medical device outsourcing market based on quality assurance, regulatory affairs services, product design and development services, product testing & sterilization services, product implementation services, product upgrade services, product maintenance services, contract manufacturing covering the revenue growth of each sub-segment from 2018 to 2030.
With a large population of over 47 billion, Spain is one of the most important markets in Europe for medical products. Small and medium-sized companies dominate 90% of the market and they are responsible for more than 40% of sales. Whereas large-sized companies account for 8% to 10% of sales and generate approximately 60% of sales for the country.
The demand for outsourced services such as regulatory affairs is expected to grow, as there is an increase in medical device imports from countries such as the U.S. and Germany. The medical device contract manufacturing industry in the country is anticipated to grow, as companies are looking for cost-effective and quality manufacturing in the region.
All these factors are expected to boost the market in Spain and promote competition among the market players. Some key players operating in the country are Laboratory Corporation of America Holdings; Eurofins Scientific; Pace Analytical Services, Inc.; and Intertek Group plc. For instance, in July 2022, Lab corp collaborated with a Spanish cancer research center for oncology clinical trials.
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Target buyers of Spain medical device outsourcing market databook
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Our clientele includes a mix of medical device outsourcing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Spain medical device outsourcing market , including forecasts for subscribers. This country databook contains high-level insights into Spain medical device outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain medical device outsourcing market size, by service, 2018-2030 (US$M)
Spain Medical Device Outsourcing Market Outlook Share, 2022 & 2030 (US$M)
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