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Spain Ultrasound Devices Market Size (2024 - 2029)

The Spain ultrasound devices market is projected to experience stable growth over the forecast period, driven by an increasing prevalence of chronic diseases such as cardiovascular conditions and kidney issues. The market's expansion is further supported by the rising accessibility of advanced ultrasound technology, including portable devices that facilitate point-of-care applications. Additionally, developments by market players are expected to enhance access to sophisticated diagnostic tools, contributing to market growth. However, stringent regulations may pose challenges to this growth trajectory.

Market Size of Spain Ultrasound Devices Industry

Spain Ultrasound Devices Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 236.57 Million
Market Size (2029) USD 303.85 Million
CAGR (2024 - 2029) 5.14 %
Market Concentration Medium

Major Players

Spain Ultrasound Devices Market Major Players

*Disclaimer: Major Players sorted in no particular order

Spain Ultrasound Devices Market Analysis

The Spain Ultrasound Devices Market size is estimated at USD 236.57 million in 2024, and is expected to reach USD 303.85 million by 2029, growing at a CAGR of 5.14% during the forecast period (2024-2029).

The COVID-19 pandemic significantly impacted the ultrasound devices market in Spain, as various departments used ultrasound imaging for COVID-19-affected patients. For instance, according to an article published by PLOS ONE in February 2023, a study was conducted in Spain where ultrasound imaging was successfully used to assess the diaphragm and abdominal muscles in people with a recent history of moderate COVID-19 infection. Thus, such factors affected the growth of the studied market during the pandemic. However, as the pandemic has subsided, the Spain ultrasound devices market is expected to have stable growth during the forecast period of the study.

Ultrasound devices are majorly used in imaging procedures for diagnosing various diseases such as cardiovascular diseases and kidney and gall bladder stones, among others, which is anticipated to boost the growth of the ultrasound device market in Spain during the forecast period because the burden of these diseases is increasing in Spain. For instance, according to an article published by PubMed in August 2022, Spain is said to have a high burden of ischemic heart disease with a high hospital mortality rate. Moreover, according to an article published by ESC Heart Failure in July 2022, it is estimated that Spain has a high incidence of heart failure, which is said to be increasing over time. Thus, the high prevalence of such chronic diseases in the country is expected to boost the growth of the studied market.

Moreover, according to an article published by PubMed Central in December 2022, a study was conducted in Spain which stated that the development of portable and pocket ultrasound scanners in recent decades had allowed the point-of-care application of ultrasound, both in physicians' offices and in the home, which made it an accessible tool for family physicians. Thus, the rising access to technologically advanced ultrasound devices is also expected to enhance the market growth in Spain.

Moreover, the rising developments by market players are also expected to bolster market growth, as it is expected to increase the country's access to technologically advanced products. For instance, in May 2021, Viamed (a private hospital network in Spain) and Royal Philips Formed a partnership where Viamed's network of clinical centers would feature the most cutting-edge sophisticated diagnostic imaging technologies from Philips, including ultrasound devices.

Thus, the factors such as the rising prevalence of chronic diseases, the increasing access to technologically advanced ultrasound devices, and the increasing developments by market players are expected to boost the market growth during the forecast period of the study. However, stringent regulations are expected to hinder market growth.

Spain Ultrasound Devices Industry Segmentation

As per the scope of the report, ultrasound devices are used for an imaging method that creates images of various body structures using high-frequency sound waves. They are used to evaluate a variety of disorders relating to the liver, kidneys, and other abdominal conditions, including usage in pregnancy. As a result, these devices have a variety of uses in the medical area, including diagnostic imaging and therapeutic modality. Spain's ultrasound device market is segmented by application, technology, and type. Based on application the market is segmented as anesthesiology, cardiology, gynecology/obstetrics, musculoskeletal, radiology, critical care, and other applications). Based on technology the market is segmented into 2D ultrasound imaging, 3D and 4D ultrasound imaging, doppler imaging, and high-intensity focused ultrasound. Based on type the market is segmented as stationary ultrasound and portable ultrasound. The report offers the value (in USD) for all the above segments.

By Application
Anesthesiology
Cardiology
Gynecology/Obstetrics
Musculoskeletal
Radiology
Critical Care
Other Applications
By Technology
2D Ultrasound Imaging
3D and 4D Ultrasound Imaging
Doppler Imaging
High-intensity Focused Ultrasound
By Type
Stationary Ultrasound
Portable Ultrasound
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Spain Ultrasound Devices Market Size Summary

The Spain ultrasound devices market is poised for steady growth over the forecast period, driven by the increasing prevalence of chronic diseases such as cardiovascular conditions and cancer. The market's expansion is supported by the rising demand for ultrasound imaging in diagnosing these ailments, as well as the development of portable and advanced ultrasound technologies that enhance accessibility for healthcare providers. The partnership between Viamed and Royal Philips to integrate sophisticated diagnostic imaging technologies, including ultrasound devices, into clinical centers further underscores the market's potential. Despite the positive growth trajectory, the market faces challenges from stringent regulatory frameworks that could impede progress.

The high-intensity focused ultrasound (HIFU) segment is expected to witness significant growth due to its application in treating various cancers, including prostate and pancreatic cancer, which are prevalent in Spain. The increasing geriatric population and the high incidence of cardiovascular diseases are also contributing to the demand for ultrasound devices. Key players in the market, such as Canon Medical Systems Corporation, GE Healthcare, and Siemens Healthineers AG, are actively introducing innovative products, like FUJIFILM Sonosite's Sonosite LX system and Clarius Mobile Health's wireless ultrasound scanners, to strengthen their market presence. These developments indicate a moderately competitive landscape, with companies striving to enhance their offerings to meet the evolving healthcare needs in Spain.

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Spain Ultrasound Devices Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Burden of Chronic Diseases

      2. 1.2.2 Rising Usage of Ultrasound Devices in Disease Diagnosis

    3. 1.3 Market Restraints

      1. 1.3.1 Stringent Regulations

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 2.1 By Application

      1. 2.1.1 Anesthesiology

      2. 2.1.2 Cardiology

      3. 2.1.3 Gynecology/Obstetrics

      4. 2.1.4 Musculoskeletal

      5. 2.1.5 Radiology

      6. 2.1.6 Critical Care

      7. 2.1.7 Other Applications

    2. 2.2 By Technology

      1. 2.2.1 2D Ultrasound Imaging

      2. 2.2.2 3D and 4D Ultrasound Imaging

      3. 2.2.3 Doppler Imaging

      4. 2.2.4 High-intensity Focused Ultrasound

    3. 2.3 By Type

      1. 2.3.1 Stationary Ultrasound

      2. 2.3.2 Portable Ultrasound

Spain Ultrasound Devices Market Size FAQs

The Spain Ultrasound Devices Market size is expected to reach USD 236.57 million in 2024 and grow at a CAGR of 5.14% to reach USD 303.85 million by 2029.

In 2024, the Spain Ultrasound Devices Market size is expected to reach USD 236.57 million.

Spain Ultrasound Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)