Spain Surgical Equipment Market Size & Outlook, 2023-2030
Spain surgical equipment market, 2018-2030 (US$M)
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Spain surgical equipment market highlights
- The Spain surgical equipment market generated a revenue of USD 446.9 million in 2023 and is expected to reach USD 860.5 million by 2030.
- The Spain market is expected to grow at a CAGR of 9.8% from 2024 to 2030.
- In terms of segment, surgical sutures & staplers was the largest revenue generating product in 2023.
- Electrosurgical Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Surgical equipment market data book summary
| Market revenue in 2023 | USD 446.9 million |
| Market revenue in 2030 | USD 860.5 million |
| Growth rate | 9.8% (CAGR from 2023 to 2030) |
| Largest segment | Surgical sutures & staplers |
| Fastest growing segment | Electrosurgical Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Surgical Sutures & Staplers, Handheld Surgical Devices, Electrosurgical Devices |
| Key market players worldwide | Johnson & Johnson, Zimmer Biomet Holdings Inc, B. Braun, Smith & Nephew PLC, Stryker Corp, Aspen Group Inc, Medtronic PLC, BD |
Other key industry trends
- In terms of revenue, Spain accounted for 2.6% of the global surgical equipment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany surgical equipment 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 860.5 million by 2030.
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Surgical Equipment Market Scope
Surgical Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Spain surgical equipment 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 surgical equipment market will help companies and investors design strategic landscapes.
Surgical sutures & staplers was the largest segment with a revenue share of 45.04% in 2023. Horizon Databook has segmented the Spain surgical equipment market based on surgical sutures & staplers, handheld surgical devices, electrosurgical devices covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing popularity of esthetic procedures, improving economic conditions, and advancing technology are among the key factors propelling market growth in Spain. For instance, according to the International Society of Aesthetic Plastic Surgery, around 219,600 surgical procedures were performed in 2021 in Spain.
Moreover, the increasing incidence of cardiovascular diseases, rising healthcare expenditure, and growing awareness about early diagnosis & treatment are further supporting market growth. Variability in survival rates reflects the quality and availability of treatment & diagnostic services across Spain. Discrepancies in quality and availability may hamper market growth.
ZIACOM Medical; Surgical International Co.; Francis EUROPA S.L.; Inter Links Medical Instruments; Intermedic, Sonesta International Hospital Instruments, and Euro Baston S.L. are some manufacturers and providers of surgical instruments in Spain. Strategic initiatives undertaken by these players to expand & strengthen their business is expected to drive market growth.
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Our clientele includes a mix of surgical equipment 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 surgical equipment market , including forecasts for subscribers. This country databook contains high-level insights into Spain surgical equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain surgical equipment market size, by product, 2018-2030 (US$M)
Spain Surgical Equipment Market Outlook Share, 2023 & 2030 (US$M)
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