Spain Artificial Intelligence (AI) in Healthcare Market Analysis

Spain Artificial Intelligence (AI) in Healthcare Market Analysis

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Spain's Artificial Intelligence (AI) In Healthcare Market is projected to grow from $0.13 Bn in 2022 to $2.49 Bn by 2030, registering a CAGR of 44.22% during the forecast period of 2022-2030. The market will be driven by the government's support and increasing industry collaborations. The market is segmented by healthcare components & by healthcare applications. Some of the major players include IBM Watson Health, Methinks & IOMED.

ID: IN10ESDH003 CATEGORY: Digital Health GEOGRAPHY: Spain AUTHOR: Vidhi Upadhyay

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Spain Artificial Intelligence (AI) In Healthcare Market Executive Summary

Spain's Artificial Intelligence (AI) In Healthcare Market is projected to grow from $0.13 Bn in 2022 to $2.49 Bn by 2030, registering a CAGR of 44.22% during the forecast period of 2022-2030. The World Health Organization ranks Spain's single-payer healthcare system as the ninth best in the world. Spain is a significant market for AI Healthcare, with a population of over 47 million people and the EU's fourth biggest economy. All Spaniards have access to comprehensive medical care. Nowadays, public healthcare facilities account for over 70% of the healthcare industry.

In Spain, where 11% of healthcare practitioners currently utilise AI and another 42% have explicit intentions to deploy AI, demand for AI technologies in healthcare is increasing. Every Spaniard has a health ID that includes a unique personal identity code. With this, one can quickly connect databases and monitor patients across the system. AI-based healthcare solutions are being developed by Spanish universities and research institutes. The Barcelona Supercomputing Center has created AI algorithms for evaluating medical pictures, while the Valencia Institute of Biomechanics is working on AI-powered prosthetic devices. Moreover, The Spanish Ministry of Health has also developed a number of projects to promote the use of artificial intelligence (AI) in healthcare, including the AI Strategy in Health programme and the AI Observatory in Health. The scenario for AI in Healthcare in Spain is still in its early phases, but government initiatives and partnerships between technology companies and healthcare providers are projected to drive growth in the next years.

Spain Artificial Intelligence (AI) In Healthcare Market

Market Dynamics

Market Growth Drivers

In Spain, there are numerous drivers of Artificial Intelligence (AI) in the healthcare market. The growing desire for more efficient and effective healthcare services is one of the primary drivers. With an ageing population and rising healthcare expenses, healthcare providers must develop new ways to give better outcomes while lowering costs.  The rising availability of healthcare data is another driver of the AI in Healthcare market in Spain. With the increasing use of electronic health records (EHRs) and the rise of connected medical devices, there is a lot of data available that AI algorithms may use to improve healthcare outcomes. Furthermore, the advancement of big data analytics and cloud computing technology has simplified the collection, storage, and analysis of healthcare data which will lead to positive expansion of the market.

Market Restraints

There are significant barriers to mainstream AI implementation in healthcare in Spain. One of the key issues is the absence of uniformity in healthcare data and processes, which makes developing AI algorithms that can be used by multiple healthcare providers challenging. Furthermore, increased collaboration between healthcare providers and technology businesses is required to develop and deploy AI-based solutions.

Competitive Landscape

Key Players

  • IBM Watson Health
  • Google Health
  • NVIDIA Corporation
  • GE Healthcare
  • Philips Healthcare
  • Siemens Healthineers
  • Methinks (ESP)
  • Quibim (ESP)
  • Savana (ESP)
  • MJN Neuroserveis (ESP)

Notable Insights

February 2023, Methinks' "Methinks Stroke Suite medical imaging AI-based software" received CE certification. The Methinks Stroke Suite is claimed to be the first CE-marked medical device that can help find large vascular occlusions (LVO) from non-contrast computed tomography (NCCT) images, both hyperdense and not.

February 2023, The Spanish government has released its 2023 policy agenda, which includes a section explaining the implementation of new health technology assessment (HTA) laws in 2023.

In June 2022, Sanofi announced the official launch of its first Digital Accelerator to support its mission to become a leading digital healthcare organisation. The Accelerator will create products and solutions to serve Sanofi's ambition to improve medical practice via the use of digital, data, and artificial intelligence (AI).

In May 2021, Vodafone Spain, Intel, Cisco, and Gilead collaborated to connect three of Spain's major hospitals to a secure network that would allow AI-based research on COVID-19.

1. Executive Summary
1.1 Digital Health Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Digital Health Policy in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company Overview Product Applications and Services Recent Developments Partnerships Ecosystem Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Artifical Intelligence (AI) in Healthcare Market Segmentation

The Artificial Intelligence (AI) in Healthcare Market is segmented as mentioned below:

By Healthcare Component (Revenue, USD Billion):

  • Software Solutions
  • Hardware
  • Services

By Healthcare Applications (Revenue, USD Billion):

  • Robot-Assisted Suregery
  • Virtual Assistants
  • Administrative Workflow Assistants
  • Connected Machines
  • Diagnosis
  • Clinical Trials
  • Fraud Detection
  • Cybersecurity
  • Dosage Error Reduction

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.


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The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

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Stage III: Interpretation and Presentation

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  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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Last updated on: 07 June 2023
Updated by: Bhanu Pratap Singh

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