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.

1.2 A dynamic global market dominated by American companies

Global medical devices market World, ****-****, in billions of dollars CAGR: +*.*% Source: ****

In ****, the value of the global medical devices and equipment market stood at $***.** billion; this figure is expected to grow at an average annual rate of *.*%, reaching $***.* billion in ****. Several factors are contributing to this growth, including an aging ...

1.3 The domestic market

The INE (***) defines a number of activities relating to medical equipment within two CNAE codes:

CNAE code ****: "Manufacture of radiation equipment, electromedical equipment and electrotherapeutic equipment". CNAE code ****: "Manufacture of medical and dental instruments and supplies".

The manufacturing sector for radiation devices, electromedical devices and electrotherapeutic devices in Spain has thus ...

1.4 Imports and exports

Between **** and ****, Spanish exports of medical equipment rose slightly by *.*%, from $*** million in **** to $*** million in ****. At the same time, imports rose more significantly, by **.*%, from $**** million in **** to $**** million in ****. As a result, the trade balance deteriorated, with the deficit increasing by **.*%, from -$**** million in **** to -$**** million in ...

2.1 Health expenses

Between **** and ****, healthcare system spending in Spain saw an overall increase. Spending on the public system rose from **.*** billion euros in **** to **.*** billion euros in ****, an increase of **.**%. Expenditure on the private system rose from **.*** billion euros in **** to **.*** billion euros in ****, representing growth of **.**%. Total expenditure for both systems also ...

2.2 Demographics

Between **** and ****, the Spanish population aged over ** will increase significantly. In ****, the number of people in this age bracket was *.** million, while in **** it will have reached *.** million. This represents an increase of **.*% over the entire period. This increase in the number of elderly people represents both a challenge for the ...

2.3 Breakdown of demand: Hospital and clinic

In ****, the Spanish healthcare system included a total of *,*** health centers, **,*** consultorias locales (***), *** public hospitals and *** private hospitals.

Structure of the Spanish healthcare system Spain, ****, number of entities Source: ****

Of Spain's *** hospitals, Catalonia, Andalusia and the Community of Madrid are the * Autonomous Communities with the most hospitals, with **%, **.**% and **.**% of the ...

3.1 Market typology

In ****, according to a survey carried out by FENIM (***).

Medical technology manufacturing sectors Spain, ****, % of total Source: ****

Companies in Spain's medical equipment sector can also be divided according to the destination of their products. **% are manufacturers of sanitary products, **% are manufacturers of sanitary products and hospital equipment, **% are manufacturers of hospital ...

3.2 Production

Between **** and ****, the number of companies in the radiation equipment, electromedical equipment and electrotherapeutic equipment manufacturing sector in Spain saw an overall increase of *.**%. In ****, there were *** companies, then *** in ****, *** in ****, *** in **** and finally *** in ****.

Trend in the number of companies in CNAE code ****: "Manufacture of radiation equipment, electromedical equipment and ...

4.1 A wide range of products

There are * classes of medical devices in Europe. Each class has its own compliance requirements.

Class III (***) - Examples: breast implants, coated stents, intervertebral cages, hip prostheses; Class IIb (***) - Examples: condoms, lens disinfectants, blood bags, implantable plates; Class IIa (***) - Examples: ultrasound equipment, dental crowns, syringes, X-ray equipment, tracheostomy tubes; Class ...

4.2 Prices

The following graph shows the evolution of prices in the Spanish healthcare sector between January **** and May ****, based on the average of price indices expressed during the year ****. It can be seen that, despite the *.*% inflation in Spain in ****, the medical technology sector was only a minor contributor to the latter. ...

5.1 Regulations

The new European Regulation (***) ****/*** applicable since **** on sanitary products aims to ensure the availability on the market of effective, high-quality and safe sanitary products.

This regulation, whose application was delayed by a year due to the COVID-** pandemic, aims to address concerns about the safety of sanitary products and to establish ...