Spain Wearable Medical Devices Market Size & Outlook
Spain wearable medical devices market, 2018-2030 (US$M)
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Spain wearable medical devices market highlights
- The Spain wearable medical devices market generated a revenue of USD 890.5 million in 2023 and is expected to reach USD 3,941.2 million by 2030.
- The Spain market is expected to grow at a CAGR of 23.7% from 2024 to 2030.
- In terms of segment, diagnostic was the largest revenue generating product in 2023.
- Therapeutic is the most lucrative product segment registering the fastest growth during the forecast period.
Wearable medical devices market data book summary
| Market revenue in 2023 | USD 890.5 million |
| Market revenue in 2030 | USD 3,941.2 million |
| Growth rate | 23.7% (CAGR from 2023 to 2030) |
| Largest segment | Diagnostic |
| Fastest growing segment | Therapeutic |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostic, Therapeutic |
| Key market players worldwide | Koninklijke Philips NV, Fitbit, Intel Corp, Garmin Ltd, Covidien, OMRON Corp, Polar Electro, Everist Health, UltraLinq Healthcare Solutions, Sotera Health Co Ordinary Shares |
Other key industry trends
- In terms of revenue, Spain accounted for 2.6% of the global wearable 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 wearable medical devices market is projected to lead the regional market in terms of revenue in 2030.
- Sweden is the fastest growing regional market in Europe and is projected to reach USD 5,826.8 million by 2030.
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Wearable Medical Devices Market Scope
Wearable Medical Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Spain wearable 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 wearable medical devices market will help companies and investors design strategic landscapes.
Diagnostic was the largest segment with a revenue share of 62.5% in 2023. Horizon Databook has segmented the Spain wearable medical devices market based on diagnostic, therapeutic covering the revenue growth of each sub-segment from 2018 to 2030.
According to a Tuenti and Ipsos survey conducted in 2015, 61.7% of mobile internet users aged 16 to 35 in Spain are aware of wearables. However, only 29.5% of these owned such a device. Smart bands, such as Fitbit, were clear winners among those who did.
Around 60% owners of wearables owned one smart band, compared to 48.0% who owned a smart watch, such as a Pebble. Fitness monitoring has widened the consumer pool, boosting market demand in the country.
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Target buyers of Spain wearable medical devices market databook
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Our clientele includes a mix of wearable medical devices 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Spain wearable medical devices market , including forecasts for subscribers. This country databook contains high-level insights into Spain wearable medical devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain wearable medical devices market size, by product, 2018-2030 (US$M)
Spain Wearable Medical Devices Market Outlook Share, 2023 & 2030 (US$M)
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