Spain Portable Medical Devices Market Size & Outlook
Spain portable medical devices market, 2018-2030 (US$M)
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Spain portable medical devices market highlights
- The Spain portable medical devices market generated a revenue of USD 1,766.8 million in 2023 and is expected to reach USD 3,991.5 million by 2030.
- The Spain market is expected to grow at a CAGR of 12.3% from 2024 to 2030.
- In terms of segment, monitoring devices was the largest revenue generating product in 2023.
- Smart Wearable Medical Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Portable medical devices market data book summary
| Market revenue in 2023 | USD 1,766.8 million |
| Market revenue in 2030 | USD 3,991.5 million |
| Growth rate | 12.3% (CAGR from 2023 to 2030) |
| Largest segment | Monitoring devices |
| Fastest growing segment | Smart Wearable Medical Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Smart Wearable Medical Devices, Diagnostic Imaging, Therapeutics, Monitoring Devices |
| Key market players worldwide | GE Aerospace, OMRON Corp, Vyaire Medical, Samsung BioLogics, Koninklijke Philips NV, Medtronic PLC, Roche Holding AG, Nox Medical |
Other key industry trends
- In terms of revenue, Spain accounted for 2.6% of the global portable medical devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany portable medical devices market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 11,495.2 million by 2030.
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Portable Medical Devices Market Scope
Portable Medical Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain portable medical 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 portable medical devices market will help companies and investors design strategic landscapes.
Monitoring devices was the largest segment with a revenue share of 47.87% in 2023. Horizon Databook has segmented the Spain portable medical devices market based on smart wearable medical devices, diagnostic imaging, therapeutics, monitoring devices covering the revenue growth of each sub-segment from 2018 to 2030.
The country has a comprehensive system for healthcare delivery, with a very active public health system. This is expected to create a favorable environment for market growth in the region. The prevalence of diabetes is around 10% in the country.
The incidence of lifestyle diseases, such as hypertension and diabetes, is increasing due to growing adoption of sedentary lifestyle. The increasing penetration of monitoring devices for management of these lifestyle diseases, growing geriatric population, and technological advancements are some of the major factors expected to aid market growth.
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Our clientele includes a mix of portable medical 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 portable medical devices market, including forecasts for subscribers. This country databook contains high-level insights into Spain portable medical devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain portable medical devices market size, by product, 2018-2030 (US$M)
Spain Portable Medical Devices Market Share, 2023 & 2030 (US$M)
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