Summary of our market study

The Spanish medical equipment market has shown significant growth and development between 2020 and 2022. Exports of medical equipment slightly increased by 8.1% to $762 million in 2022, while imports saw a more substantial rise of 38.5%, reaching $3060 million, leading to a growing trade deficit. The United States remained the leading source of imports, whereas Portugal was the top destination for Spain's exports. The domestic market also expanded, with sales in the radiation, electromedical, and electrotherapeutic equipment manufacturing sector growing by 41.8% to €428.250 million. Additionally, the medical and dental instruments and supplies sector saw a 15.1% increase in sales. Employment in the industry rose in both sectors, suggesting sector consolidation and expansion. Overall, the European medical equipment market, where Spain is a player, is growing steadily, with an annual rate of 4.8%, reaching a value of €150 billion in 2021. The Spanish healthcare system's expenditure climbed by 15.79% to €115.458 billion between 2015 and 2019, reflecting higher demand for medical services and equipment. Demographically, the population over 65 is growing, projected to reach 30.4% by 2050, further driving the market. Despite Spain's inflation of 8.9% in 2022, the price index for the medical sector only rose by two and a half points between January 2022 and May 2023, indicating modest price increases for medical equipment. New EU regulations aim to ensure the safety and quality of medical equipment, impacting market dynamics. Major Spanish companies within the sector reported significant sales figures in 2021, with Sociedad Española De Electromedicina Y Calidad SA and BECTON DICKINSON SAU leading their respective categories. The market is characterized by competitiveness, with both national and international players such as Johnson & Johnson and Medtronic having substantial roles..**Trends and Dynamics in the Spanish Medical Equipment Market** The Spanish medical equipment market has shown several notable trends and dynamics based on the data provided for the years leading up to 2022. Exports of medical equipment from Spain witnessed a moderate growth of about 8.1%, moving from around $705 million to approximately $762 million. On the other hand, imports showcased a more pronounced increase of 38.5%, surging from roughly $2209 million to approximately $3060 million. This has led to a widening trade deficit, which scaled up by an alarming 52.8%. Portugal emerged as the key importer of Spanish medical devices, constituting close to a quarter of exports, while the USA was Spain's primary source for imports in this sector, accounting for more than a fifth of the total imports. The global market landscape seems well dominated by American companies, with the USA holding about 43.5% of the market share, while European nations contribute to 27.3%. The overall value of the global medical devices market stood at an impressive $488.98 billion, with projections indicating a growth to around $720.7 billion. Chronic diseases, aging populations, and the rising demand for surgical interventions are some key growth drivers. Within Spain, the landscape is dotted with a variety of businesses spread across distinct medical manufacturing sectors. Single-use medical devices, in-vitro diagnostics, electromedicine, and others like dental care and orthopedics form part of the diverse segments that make up the industry. The industry also witnessed a varying number of companies and employees in different sectors. Looking at the domestic Spanish market, particularly the radiation equipment, electromedical equipment, and electrotherapeutic equipment manufacturing sectors, there is visible growth with sales figures showing an uptick of about 41.8%. However, the picture for the manufacture of medical and dental instruments shows a contrasting trend with a slight fall in the number of companies alongside an increase in employee numbers, hinting at market consolidation. In terms of healthcare expenses, Spain has been on an upward trajectory with public system spending growing by nearly 14.71% and private system expenditure by about 18.48%. Personal healthcare expenditure demonstrates a gender-specific trend, with a starker increase for women compared to men—an indication of potentially differentiated market demands. An aging population is another salient feature of the Spanish market. Seniors above the age of 65 have increased by around 19.5%, laying the groundwork for an increased demand for medical equipment tailored to the needs of.### Key Players Shaping the Spanish Medical Equipment Landscape The Spanish medical equipment market is a dynamic mix of both national powerhouses and influential international players that cater to the intricacies of healthcare requirements in Spain. The contributions of these entities are pivotal in providing the necessary tools and innovation for the delivery of effective healthcare services. Here we spotlight some of the prime movers within both realms, illustrating the diversity and strength of the industry. #### Top National Contributors **Sociedad Española De Electromedicina Y Calidad Sa** stands out as a significant Spanish entity focused on delivering high-quality electromedical solutions. They have carved out a niche in manufacturing radiation, electromedical, and electrotherapeutic equipment, becoming a staple in the Spanish healthcare tech scene. **INDIBA SAU** distinguishes itself with specialized offerings that emphasize innovation in the electromedical field. Their products and services are engineered to meet the rigorous demands of modern healthcare. **KEYLAB SL** has solidified its position by providing reliable radiological solutions. Their expertise in crafting sophisticated imaging equipment meets the critical needs of diagnostics and patient care. **RADIOLOGIA SA** offers cutting-edge radiological equipment. Their commitment to integrating technology with healthcare needs makes them a vital player in the medical imaging sector. **NAMROL MEDICAL S.L.** contributes to the sector through medical devices that blend functionality with user-centric design, aiding practitioners in delivering efficient patient care. #### Leading Spanish Companies in Medical and Dental Instruments and Supplies **BECTON DICKINSON SAU** is renowned for their vast array of medical and dental instruments and supplies. Their commitment to innovation ensures that medical professionals are equipped with the best tools for patient care. **B Braun Surgical Sa** is another major influencer, primarily focused on surgical instruments that are an integral part of the operating room and critical medical procedures. **PRIM, SA** makes an impact with its comprehensive range of products catering to various medical specialties, setting a benchmark in quality and reliability. **SIEGFRIED BARBERA S.L.** and **DENTAID SL** both lend their expertise to the dental sector. Their contributions have been crucial in advancing dental care technology and product availability in Spain. #### Global Titans in the Medical Equipment Arena **Johnson & Johnson** is a household name extending its reach into the medical equipment market, demonstrating a broad portfolio that addresses numerous healthcare challenges. **Medtronic** remains a leader with a focus on medical device innovation. Their global presence is strongly felt within the Spanish

the medical equipment market - Spain

Get all the information you need
to understand this market

Buy the full study

Detailed content of our market study

Inforamtion

Number of pages : ~ 40 pages
Format : Digital and PDF versions
Last update : 21/06/2023

Summary and extracts

1 Market overview

1.1 Definition and presentation of the medical equipment market

The medical equipment market encompasses a wide range of medical devices, equipment and supplies used in hospitals, clinics, care centers and doctors' surgeries.

Spain boasts a strong healthcare system and advanced medical infrastructure, contributing to the growing demand for high-quality medical equipment. National and international manufacturers such as Medtronic, Siemens Healthineers and COMEPA Industries play a major role in the Spanish market, offering innovative solutions for healthcare professionals.

The medical equipment market in Spain is diversified and covers many fields, such as medical imaging, surgery, cardiology, neurology, diagnostics, rehabilitation and many others. Medical equipment such as scanners, endoscopy equipment, patient monitoring devices, surgical instruments and medical consumables form an integral part of this market.

Demand for medical equipment in Spain is driven by several factors:

demographic growth ;
an aging population: Spain's aging population requires more advanced healthcare, which increases demand for medical devices for the diagnosis, treatment and management of chronic diseases;
technological advances.

In addition, technological advances in the medical field are having a significant impact on the medical equipment market in Spain. New technologies such as artificial intelligence, 3D printing and wearable devices are enabling the development of more precise, effective and easy-to-use medical devices. These innovations improve patient care and the efficiency of medical procedures. In 2020, the market size of the medical technology sector in Spain was around US$1,500 million[Statista].

The medical device market in Spain is also influenced by healthcare policies and regulations. Medical devices must comply with strict safety and quality standards set by Spanish and European health authorities. Medical device manufacturers must comply with these regulations to market their products in Spain.

2 Demand analysis

3 Market structure

4 Offer analysis

5 Regulations

6 Positioning the players

6.1

Johnson & Johnson
Medtronic
Baxter International
Siemens Healthineers
DENTAID SL
SIEGFRIED BARBERA S.L.
P Prim SA
BBraun
BECTON DICKINSON SAU
NAMROL MEDICAL S.L.
RADIOLOGIA SA
KEYLAB SL
INDIBA SAU
Sociedad Española De Electromedicina Y Calidad Sa

All our studies are available online in PDF format

Take a look at an example of our research on another market!

Example online Example in PDF

Do you have a question about this study? +44 238 097 0676

Choosing this study means :

Access to more than 35 hours of work

Our studies are the result of over 35 hours of research and analysis. Using our studies allows you to devote more time and added value to your projects.

Benefit from 6 years' experience and over 1,500 industry reports already produced

Our expertise enables us to produce comprehensive studies in all sectors, including niche and emerging markets.

Our know-how and methodology enable us to produce reports that offer unique value for money.

Access to several thousand articles and paid-for data

Businesscoot has access to all the paid economic press as well as exclusive databases to carry out its market research (over 30,000 articles and private sources).

To enhance our research, our analysts also use web indicators (semrush, trends, etc.) to identify market trends and company strategies. (Consult our paying sources)

Guaranteed support after your purchase

A team dedicated to after-sales service, to guarantee you a high level of satisfaction. +44 238 097 0676

A digital format designed for our users

Not only do you have access to a PDF, but also to a digital version designed for our customers. This version gives you access to sources, data in Excel format and graphics. The content of the study can therefore be easily retrieved and adapted for your specific needs.

Our offers :

the medical equipment market | Spain

99 €

What are the figures on the size and growth of the market?
What is driving the growth of the market and its evolution?
What is the positioning of companies in the value chain?
Data from several dozen databases

5 reports pack (-15%) ES Spain

75.6 € ^{/ study}

5 reports at €75.6 excluding VAT per study to choose from our Spanish catalogue for 12 months
Save 15% on additional studies purchased
Choose to be refunded any unused credit at the end of the 12-month period (duration of the pack)

See the terms and conditions of the pack and the refund of unused credit.