Market Insights Health Medical Technology Medical Devices

Diabetes Care Devices - Spain

Spain

The projected revenue for the Diabetes Care Devices market market in Spain is estimated to reach US$372.20m in the year 2024.
It is expected that the revenue will exhibit an annual growth rate (CAGR 2024-2028) of 10.56%, leading to a market volume of US$556.10m by the year 2028.
In comparison to other countries worldwide, the United States is projected to generate the highest revenue of US$11,560.00m in the year 2024.
Despite facing economic challenges, Spain has shown a growing demand for diabetes care devices due to an aging population and an increase in diabetes prevalence.

Key regions: United States, Spain, Germany, Europe, Japan

Market

Region

Region comparison

Currency

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on medical devices and IVD revenues allocated to the country where the money is spent at manufacturer price levels excluding VAT.

Modeling approach / Market size:

Modeling employs a top-down approach with a bottom-up validation, using financial information of the key players by market. Market sizes are determined by a top-down approach, based on a specific rationale for each market market and allocated to the covered countries according to the global market shares. As a basis for evaluating markets, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare system, and regulations concerning medical products. Next, we use further relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare payer system, and regulations concerning medical products. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.