Spain Remote Patient Monitoring Devices Market Size & Outlook
Spain remote patient monitoring devices market, 2018-2030 (US$M)
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Spain remote patient monitoring devices market highlights
- The Spain remote patient monitoring devices market generated a revenue of USD 109.8 million in 2023 and is expected to reach USD 332.1 million by 2030.
- The Spain market is expected to grow at a CAGR of 17.1% from 2024 to 2030.
- In terms of segment, specialized monitors was the largest revenue generating product in 2023.
- Vital Sign Monitors is the most lucrative product segment registering the fastest growth during the forecast period.
Remote patient monitoring devices market data book summary
| Market revenue in 2023 | USD 109.8 million |
| Market revenue in 2030 | USD 332.1 million |
| Growth rate | 17.1% (CAGR from 2023 to 2030) |
| Largest segment | Specialized monitors |
| Fastest growing segment | Vital Sign Monitors |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Vital Sign Monitors, Specialized Monitors |
| Key market players worldwide | shenzhen mindray automation equipment co., Nihon Kohden Corp, OMRON Corp, OSI Systems Inc, Koninklijke Philips NV, Roche Holding AG ADR, Welch Allyn, Smiths Group PLC, Abbott Laboratories, Boston Scientific Corp, Draegerwerk AG & Co KGaA, GE HealthCare Technologies Inc Common Stock, Honeywell International Inc, Johnson & Johnson, BioTelemetry, Medtronic PLC, Masimo Corp, Vital Farms Inc Ordinary Shares, BIOTRONIK, American Well Corp Ordinary Shares - Class A, CareValidate |
Other key industry trends
- In terms of revenue, Spain accounted for 2.1% of the global remote patient monitoring devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Italy remote patient monitoring devices market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 578.1 million by 2030.
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Remote Patient Monitoring Devices Market Scope
Remote Patient Monitoring Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain remote patient monitoring 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 remote patient monitoring devices market will help companies and investors design strategic landscapes.
Specialized monitors was the largest segment with a revenue share of 82.51% in 2023. Horizon Databook has segmented the Spain remote patient monitoring devices market based on vital sign monitors, specialized monitors covering the revenue growth of each sub-segment from 2018 to 2030.
As per an article titled “Remote Monitoring of Chronic Diseases: A Landscape Assessment of Policies in Four European Countries,” published in PLoS One, the financial constraints and effects of the economic downturn in Spain have led to challenges in the adoption of remote patient monitoring, which requires high investments.
Although international organizations, such as the European Commission, fund remote monitoring projects in the region, the adoption of remote patient monitoring at a national level is low. However, Spain has implemented certain regionally driven initiatives, which include the Ministry of Health and Social Policy encouraging the adoption of these services as well as telemedicine, in collaboration with the Research Unit for Telemedicine and Information Society (UITeS) within the Institute of Carlos III.
The adoption of remote monitoring in Spain is highest in the Autonomous Communities (ACs) of Andalucía, Catalonia, Canarias, Madrid, Basque Country, Valencia, and Navarra. According to the World Bank Group, the country’s population aged 65 and above accounted for nearly 19.1% of the total population in 2017 and around 19.6% in 2019.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain remote patient monitoring devices market , including forecasts for subscribers. This country databook contains high-level insights into Spain remote patient monitoring devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain remote patient monitoring devices market size, by product, 2018-2030 (US$M)
Spain Remote Patient Monitoring Devices Market Outlook Share, 2023 & 2030 (US$M)
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