Spain Digital Therapeutics Market Analysis

Spain Digital Therapeutics Market Analysis


$ 3999

Spain Digital Therapeutics Market is at around $0.12 Bn in 2023 and is projected to reach $0.61 Bn in 2030, exhibiting a CAGR of 26.2% during the forecast period. Growing Chronic diseases, government initiatives, and technological developments are propelling the growth of the market. The market is dominated by key players like Medtep, Nubentos, Omada Health Inc., 2Morrow Inc., Livongo Health Inc., WellDoc, Propeller Health, Canary Health, Noom Inc., Akili Interactive Labs Inc., and HYGIEIA.

ID: IN10ESDH006 CATEGORY: Digital Health GEOGRAPHY: Spain AUTHOR: Aneri Parekh

Buy Now

Spain Digital Therapeutics Market Executive Summary

Spain Digital Therapeutics Market is at around $0.12 Bn in 2023 and is projected to reach $0.61 Bn in 2030, exhibiting a CAGR of 26.2% during the forecast period.

The growing field of digital therapeutics in Spain focuses on using digital technologies like software and mobile apps to deliver evidence-based treatment treatments for a range of medical illnesses. To improve patient outcomes and advance preventative healthcare, this market includes cutting-edge technologies intended to supplement or replace conventional medical treatments. Spain's Digital Therapeutics Market highlights the changing nature of healthcare delivery and the incorporation of technology into the larger healthcare ecosystem, with a growing focus on digital health.

The increasing usage of digital health solutions is fueling the rapid expansion of the digital therapeutics industry in Spain. Growing rates of chronic illnesses, technological developments, and encouraging government programs are important contributory reasons. The major players in the Spanish digital therapeutics market are focusing on partnerships and novel perspectives to take advantage of the growing potential.

Globally, digital therapeutics have grown remarkably with their revenue reaching $6.2 Bn in 2023. The noteworthy growth observed in this sector is indicative of the profound transformation that has arisen from the application of modern technology and cost-effective manufacturing methods. Consequently, the healthcare sector is seeing an increase in the use of digital treatments. The market's current trend suggests that further changes might be coming, and it's anticipated that new developments will support the industry's ongoing expansion.

For more than 20 years, Medtep has been a player in the Spanish healthcare industry, establishing trusting bonds with pharmaceutical and healthcare supply firms. Targeting common chronic problems including diabetes, cancer, and respiratory disorders, Medtep's programs fit in nicely with the main areas of digital therapeutics. To accommodate a range of patient needs and preferences, they provide blended (online & offline), web-based, and mobile app-based programs. Clinical research frequently supports Medtep's initiatives, indicating their efficacy in enhancing patient outcomes.

Spain digital therapeutics market

Market Dynamics

Market Growth Drivers:

Growing Chronic Illnesses: There is a growing need for novel and efficient digital treatment approaches due to the increased incidence of chronic illnesses like diabetes, cardiovascular disease, and mental health issues.

Technological Development: As a result of continuous technological improvements, more complex digital therapy tools are becoming available and easier to use like wearables, smartphone apps, and sensors.

Governmental Programs: The market for digital therapeutics is growing as a result of government initiatives and supportive regulatory frameworks that promote the use of digital health solutions. This includes regulations that make it easier for these technologies to be reimbursed and integrated into healthcare systems.

Market Restraints:

Regulatory Obstacles: Strict regulations and licensing procedures for digital therapeutics may make it difficult to enter and grow the industry. Adhering to changing regulatory frameworks could provide a challenge for certain businesses.

Limited Healthcare Infrastructure: In rural or underdeveloped areas, the lack of adequate healthcare infrastructure makes it more difficult to deploy digital treatments. Some areas might not have easy access to modern healthcare services or high-speed internet.

Privacy and Data Security Concerns: Data security and patient privacy are issues that are brought up by the gathering, storing, and sharing of private medical information. For providers of digital therapies, maintaining safe systems and adhering to stringent data protection laws may be difficult.

Healthcare Policies and Regulatory Landscape

The Spanish Agency of Medicines and Medical Devices (AEMPS) is the regulatory body that permits the marketing of every pharmaceutical product used in Spain. The applicant provides the AEMPS with a dossier with all the necessary information to receive the drug's marketing authorization in Spain. Furthermore, the applicant applies for clearance to many EU member states concurrently. Coordination with other EU nations and the European Medicines Agency (EMA) is required. The complexity is increased in harmonizing regulatory standards across the European Union.

Competitive Landscape             

Key Players:

  • Medtep
  • Nubentos
  • Omada Health Inc.
  • 2Morrow Inc.
  • Livongo Health Inc.
  • WellDoc
  • Propeller Health
  • Canary Health
  • Noom Inc.
  • Akili Interactive Labs Inc.
  • HYGIEIA

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

Spain Digital Therapeutics Market Segmentation

By Solution

  • Software
  • Services

By Deployment

  • Cloud-based
  • On-premises

By Application

  • Therapy
  • Diabetes
  • Obesity
  • CNS
  • Respiratory
  • CVD

By End-use

  • Diagnostic Centres
  • Healthcare Players
  • Healthcare Research Centres
  • Hospitals & Clinics
  • Nursing Care Centres
  • Others

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”.

 

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain a high level of accuracy and consistency. The market data is analyzed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, and market share as well as a segment-level analysis of the specific market. Our report includes precise, to-the-point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

 

 

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

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.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and their impact on the different segments within the market.

Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

To request a free sample copy of this report, please complete the form below.


We value your inquiry and offer free customization with every report to fulfil your exact research needs.


This report addresses

  • Intelligent insights to take informed business decisions
  • Qualitative, acute and result oriented market analysis
  • Market size and forecasts from 2022 to 2030
  • Opportunities for expansion and in-depth market analysis
  • Segmentation and regional revenue forecasts
  • Analysis of the market share and competitive landscape
  • Strategic Recommendations to chart future course of action
  • Comprehensive Market Research Report in PDF and PPT formats

Need more?

  • Ask our analyst how this study was put together to learn more
  • Discuss additional requirements as part of the free customisation
  • Add more countries or regions to the scope 
  • Get answers to specific business questions 
  • Develop the business case to launch the product
  • Find out how this report may influence your business revenue
Last updated on: 15 February 2024
Updated by: Ritu Baliya

Related reports (by category)


Related reports (by geography)


subscribe to our newsletter
up