Spain Ultrasound Devices Market Size & Outlook, 2023-2030
Spain ultrasound devices market, 2018-2030 (US$M)
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Spain ultrasound devices market highlights
- The Spain ultrasound devices market generated a revenue of USD 161.4 million in 2023 and is expected to reach USD 222.4 million by 2030.
- The Spain market is expected to grow at a CAGR of 4.7% from 2024 to 2030.
- In terms of segment, diagnostic ultrasound devices was the largest revenue generating product in 2023.
- Therapeutic Ultrasound Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Ultrasound devices market data book summary
| Market revenue in 2023 | USD 161.4 million |
| Market revenue in 2030 | USD 222.4 million |
| Growth rate | 4.7% (CAGR from 2023 to 2030) |
| Largest segment | Diagnostic ultrasound devices |
| Fastest growing segment | Therapeutic Ultrasound Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostic Ultrasound Devices, Therapeutic Ultrasound Devices |
| Key market players worldwide | Koninklijke Philips NV, GE HealthCare Technologies Inc Common Stock, Siemens Healthineers AG ADR, Canon Inc, Mindray Medical International, Samsung BioLogics, FUJIFILM Holdings Corp, Konica Minolta Inc, Esaote |
Other key industry trends
- In terms of revenue, Spain accounted for 1.6% of the global ultrasound devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK ultrasound 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 598.1 million by 2030.
Diagnostic ultrasound devices was the largest segment with a revenue share of 83.95% in 2023. Horizon Databook has segmented the Spain ultrasound devices market based on diagnostic ultrasound devices, therapeutic ultrasound devices covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing use of ultrasound in routine primary care in Spain is expected to boost the country’s ultrasound device market. The increasing adoption of ultrasound in primary care can be attributed to its affordability, portability, safety, and ease of use.
Furthermore, organizations such as the Spanish Federation of Societies for Ultrasound in Medicine and Biology and the European Society of Radiology are providing comprehensive training programs & educational tools to doctors for the use of ultrasound devices, which has further increased their adoption.
According to research published in the BMJ, the accessibility to in-house ultrasound examination in primary care is better in Spain than in higher healthcare-spending countries, such as Italy and France. With the above factors in perspective, it can be said that Spain’s market for ultrasound devices is likely to grow over the forecast period.
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Ultrasound Devices Market Scope
Ultrasound Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain ultrasound devices market size, by product, 2018-2030 (US$M)
Spain Ultrasound Devices Market Outlook Share, 2023 & 2030 (US$M)
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