Spain Prosthetics And Orthotics Market Size & Outlook
Spain prosthetics and orthotics market, 2017-2030 (US$M)
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Spain prosthetics and orthotics market highlights
- The Spain prosthetics and orthotics market generated a revenue of USD 136.6 million in 2022 and is expected to reach USD 207.2 million by 2030.
- The Spain market is expected to grow at a CAGR of 5.3% from 2023 to 2030.
- In terms of segment, orthotics was the largest revenue generating type in 2022.
- Prosthetics is the most lucrative type segment registering the fastest growth during the forecast period.
Prosthetics and orthotics market data book summary
| Market revenue in 2022 | USD 136.6 million |
| Market revenue in 2030 | USD 207.2 million |
| Growth rate | 5.3% (CAGR from 2022 to 2030) |
| Largest segment | Orthotics |
| Fastest growing segment | Prosthetics |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Orthotics, Prosthetics |
| Key market players worldwide | Ottobock, Ossur, Blatchford, WillowWood, Ultraflex Systems, Steeper Group, Bauerfeind, Aether Biomedical |
Other key industry trends
- In terms of revenue, Spain accounted for 2.1% of the global prosthetics and orthotics market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany prosthetics and orthotics market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 207.2 million by 2030.
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Prosthetics And Orthotics Market Scope
Prosthetics And Orthotics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Spain prosthetics and orthotics 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 prosthetics and orthotics market will help companies and investors design strategic landscapes.
Orthotics was the largest segment with a revenue share of 66.11% in 2022. Horizon Databook has segmented the Spain prosthetics and orthotics market based on orthotics, prosthetics covering the revenue growth of each sub-segment from 2017 to 2030.
Spain's market is expected to grow over the forecast period, owing to the growing financial & medical burden of obesity, low bone density diseases, and government initiatives that promote prosthetics and orthotics.
A recent and significant increase in the obese population of Spain further increases the risk of joint problems and diabetic neuropathy. For instance, according to International Diabetes Federation Europe, Spain accounted for 3,584,500 cases of diabetes in 2017 and the number is expected to increase over the forecast period.
In April 2019, the European Commission undertook an initiative called Fast Track to Innovation, which is a bottom-up method to promote innovative activities for neuroprosthesis. It allows amputees to detect sensory reactions from the prosthesis under the EIC pilot.
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Our clientele includes a mix of prosthetics and orthotics 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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Horizon Databook provides a detailed overview of country-level data and insights on the Spain prosthetics and orthotics market , including forecasts for subscribers. This country databook contains high-level insights into Spain prosthetics and orthotics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Spain prosthetics and orthotics market size, by type, 2017-2030 (US$M)
Spain Prosthetics And Orthotics Market Outlook Share, 2022 & 2030 (US$M)
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