Spain Digital Patient Monitoring Devices Market Size & Outlook
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- Digital Health
- Digital Patient Monitoring Devices Market Outlook
- Digital Health
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Spain digital patient monitoring devices market highlights
- The Spain digital patient monitoring devices market generated a revenue of USD 2,774.4 million in 2023 and is expected to reach USD 13,562.0 million by 2030.
- The Spain market is expected to grow at a CAGR of 25.4% from 2024 to 2030.
- In terms of segment, wearable devices was the largest revenue generating type in 2023.
- MHealth is the most lucrative type segment registering the fastest growth during the forecast period.
Digital patient monitoring devices market data book summary
| Market revenue in 2023 | USD 2,774.4 million |
| Market revenue in 2030 | USD 13,562.0 million |
| Growth rate | 25.4% (CAGR from 2023 to 2030) |
| Largest segment | Wearable devices |
| Fastest growing segment | MHealth |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wireless Sensor Technology, MHealth, Telehealth, Wearable Devices, Remote Patient Monitoring |
| Key market players worldwide | GE HealthCare Technologies Inc Common Stock, AT&T, Athenahealth, Abbott Laboratories, Koninklijke Philips NV, Hill-Rom, Medtronic PLC, OMRON Corp, Fitbit, Garmin Ltd, ResMed Inc, Siren |
Other key industry trends
- In terms of revenue, Spain accounted for 2.0% of the global digital patient monitoring devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK digital patient monitoring 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 51,134.9 million by 2030.
With a large population of over 47 million in 2019, Spain is one of the most important markets within Europe for medical devices. The country has a comprehensive system for healthcare delivery, with a very active public health system.
This is bound to create a favorable environment for market growth in the region. According to the 2020 IDF report, around 3 million people in Spain are suffering from diabetes. The prevalence of diabetes is around 10% in the country.
Lifestyle diseases, such as hypertension and diabetes, are increasing due to growing adoption of sedentary lifestyle. The increasing penetration of monitoring devices for management of these lifestyle diseases, growing geriatric population, and technological advancements are some of the major factors expected to aid growth.
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Digital Patient Monitoring Devices Market Scope
Digital Patient Monitoring Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| GE HealthCare Technologies Inc Common Stock | View profile | 51,000 | 500 West Monroe Street, Chicago, IL, United States, 60661 | www.gehealthcare.com |
| Abbott Laboratories | View profile | 114,000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | www.abbottinvestor.com |
| Koninklijke Philips NV | View profile | 73,712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | www.philips.com |
| ResMed Inc | View profile | 10,140 | 9001 Spectrum Center Boulevard, San Diego, CA, United States, 92123 | www.resmed.com |
| Medtronic PLC | View profile | 95,000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | www.medtronic.com |
| OMRON Corp | View profile | 28,034 | Shiokoji Horikawa, Shimogyo-ku, Kyoto, Japan, 600-8530 | www.omron.co.jp |
| Garmin Ltd | View profile | 19,900 | Muhlentalstrasse 2, Schaffhausen, Switzerland, 8200 | www.garmin.com |
| Hill-Rom | View profile | 10001+ | Chicago, Illinois, United States, North America | www.hillrom.com/ |
| Fitbit | View profile | 251-500 | San Francisco, California, United States, North America | www.fitbit.com |
| AT&T | View profile | 10001+ | Dallas, Texas, United States, North America | www.att.com |
Spain Digital Patient Monitoring 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 Digital Patient Monitoring Devices Market Outlook will help companies and investors design strategic landscapes.
Wearable Devices was the largest segment with a revenue share of 31.3% in 2023.
Horizon Databook has segmented the Spain digital patient monitoring devices market based on wireless sensor technology, mhealth, telehealth, wearable devices, remote patient monitoring covering the revenue growth of each sub-segment from 2018 to 2030.
With a large population of over 47 million in 2019, Spain is one of the most important markets within Europe for medical devices. The country has a comprehensive system for healthcare delivery, with a very active public health system.
This is bound to create a favorable environment for market growth in the region. According to the 2020 IDF report, around 3 million people in Spain are suffering from diabetes. The prevalence of diabetes is around 10% in the country.
Lifestyle diseases, such as hypertension and diabetes, are increasing due to growing adoption of sedentary lifestyle. The increasing penetration of monitoring devices for management of these lifestyle diseases, growing geriatric population, and technological advancements are some of the major factors expected to aid growth.
- Spain Digital Patient Monitoring Devices Market Type Outlook (Revenue, USD Million , 2018-2030)
- Wireless Sensor Technology
- mHealth
- Telehealth
- Wearable Devices
- Remote Patient Monitoring
- Spain Digital Patient Monitoring Devices Market Product Outlook (Revenue, USD Million , 2018-2030)
- Diagnostic Monitoring Devices
- Therapeutic Monitoring Devices
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain Digital Patient Monitoring Devices Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Spain Digital Patient Monitoring Devices Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Spain Digital Patient Monitoring Devices Market, 2018-2030 (US$M)
Spain Type - Digital Patient Monitoring Devices Market Statistics, 2023 - 2030 (US$M)
