The medical equipment market - Spain

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

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• Number of pages : 30 pages
• Format : Digital and PDF versions
• Last update : 21/06/2023

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Summary and extracts

List of charts

• Evolución del comercio exterior español: Código 9018 de la ONU.
• Spanish medical equipment export destinations
• Origins of Spanish imports of medical equipment
• World market for medical equipment
• Main medical equipment companies
• Medical equipment market share
• Medical equipment market share
• Medical technology manufacturing sectors
• Breakdown of medical sector companies by consumption destination
• Breakdown of companies by size
• Distribution of companies according to national or international characteristics
• Change in the number of companies in CNAE code 2660: "Manufacture of radiation, electromedical and electrotherapeutic equipment"
• Change in the number of employees in CNAE code 2660: "Manufacture of radiation, electromedical and electrotherapeutic equipment"
• Change in the number of companies in CNAE code 3250: "Manufacture of medical and dental instruments and supplies"
• Change in the number of employees in CNAE code 3250: "Manufacture of medical and dental instruments and supplies"
• Sales trends for CNAE code 2660: "Manufacture of radiation, electromedical and electrotherapeutic equipment"
• Change in CNAE code 3250: "Manufacture of medical and dental instruments and supplies"
• Sales in the medical equipment sector
• Public health expenditure by jurisdiction
• Personal health expenses - goods and services
• Spanish health system expenditure
• Change in the population over 65
• Projected population aged 65 and over
• Structure of the Spanish healthcare system
• Spanish healthcare system equipment rate
• Hospital day shifts
• Price index for the medical sector in Spain

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