Spain Digital Health Market Analysis Report 2022 to 2030

Spain Digital Health Market Analysis

$ 3999

The Spain Digital Health market is projected to grow from $ 4.07Bn in 2022 to $ 14.9Bn by 2030, registering a CAGR of 17.6%% during the forecast period of 2022 - 2030. The market is driven by the emergence of new technologies and the increasing population with a growing demand for digital health. The market is segmented by solution, by deployment & by end-use. Some of the major players include Medtep, Nubentos& SaludOnNet.

ID: IN10ESDH005 CATEGORY: Digital Health GEOGRAPHY: Spain

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Spain Digital Health Market Executive Summary

The Spain Digital Health market is projected to grow from $ 4.07Bn in 2022 to $ 14.9Bn by 2030, registering a CAGR of 17.6%% during the forecast period of 2022 - 2030. According to the World Health Organization Global Health Expenditure database, the current health expenditure (%GDP) of Spain was found rise from 8.99% in 2018 to 9.13% in 2019 with total health spending $3,616 per capita which includes personal healthcare and collective health services excluding spending on investments. Hospital services accounted for the greatest share in the spending by sector with pharmacies and primary care leading next.

The Digital Health industry comprises a wide range of technologies, including mobile health apps, smart wearable devices, electronic health records, and telemedicine. Spain has made significant advancements to Electronic Health Records (EHRs) for all citizens and has introduced a nationwide platform for remote consultations. Spain is considered to be one of the leaders in the implementation of digital health within the EU.

Comparing the digital strategies of 17 nations' healthcare systems Spain ranks fifth, after Estonia, Canada, Denmark, and Israel, indicating that it has a strong position as a result of the widespread adoption of identity systems, digital medical records and prescriptions, patient registries, and electronic appointments. It also represents the positive trend of data processing security and privacy measures, as well as the widespread adoption of standards in data nomenclature and coding.

spain digital health market analysis

Market Dynamics

Market Growth Drivers

The healthcare crisis generated a space for the development of new technologies to meet the growing healthcare demands. The emergence of numerous mobile health devices is facilitating individuals’ engagement in their health care, which provides another chance to assist its progress. Similarly, diversifying access and channels of communication with and across health systems should help users while also improving professional performance. Spain’s population is expected to rise from 18% to 30% by 2030 and hence more development of the market is expected.

Market Restraints

Given the enormous strain on resources caused by the healthcare crisis and the general economy, funding will be the key challenge in the immediate and near future. The Central Government funds the country's universal public healthcare system, but each of the 17 regional governments are responsible for their respective management and budget hence, other challenges would be building efficient and transparent delivery systems across the regional services. Increased participation by healthcare professionals, the confidentiality of patient data, and data protection regulations may pose an additional challenge to the growth of the digital health market in Spain.

Competitive Landscape

Key Players

Medtep (ESP)
Nubentos (ESP)
SaludOnNet (ESP)
Koa Health (ESP)
Savana (ESP)
INBRAIN Neuroelectronics (ESP)

Notable Recent Deals

October 2021: Koa Health partnered with MAPFRE to offer mental well-being app to clients in Cost Rica.

October 2020: Savana raised $15Mn to serve the technology from Spain to the US.

Healthcare Policies and Regulatory Landscape

All of these European programs and projects provide a critical framework and financial assistance for the SNS Digital Health Strategy's development. This Strategy's approach and objectives must be consistent with the lines of action outlined in the Ministry of Economic Affairs and Artificial Intelligence's Digital Spain 2025 Strategy, as well as the National Artificial Intelligence Strategy, the Industrial Policy Strategy for Spain 2030 (being developed by the Ministry of Industry, Trade, and Tourism), and the Personalised Medicine Strategy (being developed by the Ministry of Science and Technology).

Reimbursement Scenario

Digital health services are included under the national healthcare system in Spain and are reimbursable by the government. These services are available to patients through their healthcare practitioner or through private insurance policies. However, reimbursement regulations and processes may differ based on the service and area.

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
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 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

Digital Health Market Segmentation

The Digital Health Market is segmented as mentioned below:

By Solution (Revenue, USD Billion):

Software
Services

By Deployment (Revenue, USD Billion):

Cloud-based
On-premises

By End-use (Revenue, USD Billion):

Diagnostic Centres
Healthcare Payers
Healthcare Research Centres
Hospitals & Clinics
Nursing Care Centres
Others

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.