Spain Artificial Organs And Bionics Market Size & Outlook

The artificial organs and bionics market in Spain is expected to reach a projected revenue of US$ 2,688.8 million by 2030. A compound annual growth rate of 10% is expected of Spain artificial organs and bionics market from 2023 to 2030.
Revenue, 2022 (US$M)
$1,251.2
Forecast, 2030 (US$M)
$2,688.8
CAGR, 2023 - 2030
10%
Report Coverage
Spain

Spain artificial organs and bionics market, 2018-2030 (US$M)

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Spain artificial organs and bionics market, 2018-2030 (US$M)

Spain artificial organs and bionics market highlights

  • The Spain artificial organs and bionics market generated a revenue of USD 1,251.2 million in 2022 and is expected to reach USD 2,688.8 million by 2030.
  • The Spain market is expected to grow at a CAGR of 10% from 2023 to 2030.
  • In terms of segment, artificial organ was the largest revenue generating product in 2022.
  • Artificial bionics is the most lucrative product segment registering the fastest growth during the forecast period.


Artificial organs and bionics market data book summary

Market revenue in 2022USD 1,251.2 million
Market revenue in 2030USD 2,688.8 million
Growth rate10% (CAGR from 2022 to 2030)
Largest segmentArtificial organ
Fastest growing segmentArtificial bionics
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationArtificial Organ, Artificial bionics
Key market players worldwideZimmer Biomet Holdings Inc, Boston Scientific Corp, Cochlear Ltd, Edwards Lifesciences Corp, Ekso Bionics Holdings Inc, Medtronic PLC, Symbotic Inc Ordinary Shares - Class A, Johnson & Johnson, Berlin Heart GmbH, SynCardia Systems


Other key industry trends

  • In terms of revenue, Spain accounted for 3.6% of the global artificial organs and bionics market in 2022.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Europe, Germany artificial organs and bionics 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 2,688.8 million by 2030.

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Artificial Organs And Bionics Market Companies

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Spain artificial organs and bionics 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 artificial organs and bionics market will help companies and investors design strategic landscapes.


Artificial organ was the largest segment with a revenue share of 70.61% in 2022. Horizon Databook has segmented the Spain artificial organs and bionics market based on artificial organ, artificial bionics covering the revenue growth of each sub-segment from 2018 to 2030.


Increasing incidence of organ failures and the growing number of organ transplant procedures are expected to boost Spain’s market.  The key drivers of the market include an increase in the aging population, growth in incidence of organ failure, and rapid advancements in the field of bionic implants.

According to the European Road Safety Observatory report, there were 102,362 accidents reported in Spain. Thus, the abovementioned factors are expected to boost Spain’s artificial organ and bionics market over the forecast period.

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Horizon Databook provides a detailed overview of country-level data and insights on the Spain artificial organs and bionics market, including forecasts for subscribers. This country databook contains high-level insights into Spain artificial organs and bionics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Spain artificial organs and bionics market size, by product, 2018-2030 (US$M)

Spain Artificial Organs And Bionics Market Share, 2022 & 2030 (US$M)

Spain artificial organs and bionics market size, by product, 2018-2030 (US$M)

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