Spain Orthopedic Devices Market Size & Outlook, 2023-2030
Spain orthopedic devices market, 2018-2030 (US$M)
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Spain orthopedic devices market highlights
- The Spain orthopedic devices market generated a revenue of USD 1,396.2 million in 2023 and is expected to reach USD 1,864.4 million by 2030.
- The Spain market is expected to grow at a CAGR of 4.2% from 2024 to 2030.
- In terms of segment, joint replacement/ orthopedic implants was the largest revenue generating product in 2023.
- Orthobiologics is the most lucrative product segment registering the fastest growth during the forecast period.
Orthopedic devices market data book summary
| Market revenue in 2023 | USD 1,396.2 million |
| Market revenue in 2030 | USD 1,864.4 million |
| Growth rate | 4.2% (CAGR from 2023 to 2030) |
| Largest segment | Joint replacement/ orthopedic implants |
| Fastest growing segment | Orthobiologics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Joint Replacement/ Orthopedic Implants, Trauma, Sports Medicine, Orthobiologics |
| Key market players worldwide | Medtronic PLC, Stryker Corp, Zimmer Biomet Holdings Inc, DePuy Synthes, Smith & Nephew PLC, Aesculap, Conmed Corp, NuVasive, Enovis Corp |
Other key industry trends
- In terms of revenue, Spain accounted for 2.3% of the global orthopedic devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany orthopedic devices 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 2,447.4 million by 2030.
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Orthopedic Devices Market Scope
Orthopedic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain orthopedic devices 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 orthopedic devices market will help companies and investors design strategic landscapes.
Joint replacement/ orthopedic implants was the largest segment with a revenue share of 41.53% in 2023. Horizon Databook has segmented the Spain orthopedic devices market based on joint replacement/ orthopedic implants, trauma, sports medicine, orthobiologics covering the revenue growth of each sub-segment from 2018 to 2030.
With a population of over 47.0 million, Spain is one of the most important markets in Europe. The increasing demand for orthopedic devices in the country is due to the rapidly aging population in Spain, which is contributing to the rise in the prevalence of chronic diseases.
Furthermore, higher purchasing power and greater expectations from people with regard to healthcare are supporting the demand for new devices in the country. According to the World Bank, the life expectancy in Spain is 82 years. High life expectancy is expected to propel the incidence of various diseases among the elderly, which is expected to support the demand for orthopedic devices in the country.
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Our clientele includes a mix of orthopedic devices 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 orthopedic devices market , including forecasts for subscribers. This country databook contains high-level insights into Spain orthopedic devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain orthopedic devices market size, by product, 2018-2030 (US$M)
Spain Orthopedic Devices Market Outlook Share, 2023 & 2030 (US$M)
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