Spain's 3D Imaging market is projected to grow from $0.59 Bn in 2022 to $1.86 Bn by 2030, registering a CAGR of 15.5% during the forecast period of 2022-30. The market will be driven by the increase in outpatient diagnostic services and the rise in minimally invasive surgical techniques. The market is segmented by product, by application, end-user & by portability. Some of the major players include GE Healthcare, Siemens Healthineers & Philips Healthcare.
Spain's 3D imaging market is projected to grow from $0.59 Bn in 2022 to $1.86 Bn by 2030, registering a CAGR of 15.5% during the forecast period of 2022-30. 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 of $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. Cancer is one of the leading causes of death and disease in Spain, with an expected 276,239 new cases of cancer in 2021. Cardiovascular disease is also one of the top causes of mortality in Spain, accounting for 32% of all fatalities.
Cancer, heart disease, bone fractures, and brain and spinal cord problems are among the ailments for which 3D imaging is used to diagnose and monitor. 3D imaging is important in the Spanish healthcare business, having several applications in various medical disciplines such as Radiology, cardiology, orthopedics, neurology, and cancer are among the uses.
Market Growth Drivers
The industry is expected to grow in the coming years due to an increase in outpatient surgery. The rise in minimally invasive surgical techniques will be a significant driver of the market over the projected period. Research and innovation, investments, and technological advancements in diagnostic imaging equipment are expected to generate profitable prospects for market participants. Furthermore, the use of 3D imaging in treatment planning and monitoring, such as angioplasty, joint replacement surgery, and radiation therapy, is adding to the country's expanding popularity.
Market Restraints
The high cost of technology, a dearth of experienced specialists, restricted reimbursement rules, competition from traditional imaging modalities, and privacy and security issues all pose hurdles to the 3D imaging business in Spain.
Key Players
The Ministry of Health is in charge of managing the healthcare industry in Spain and ensuring that patients receive quality care. The Ministry of Health is responsible for establishing healthcare policy, financing healthcare services, and regulating the sale and usage of medical devices, including 3D imaging technology.
The Spanish Agency for Medicines and Health Products (AEMPS) assures that medical devices are safe, effective, and satisfy quality criteria. The Spanish Society of Radiology (SER) is a medical association that represents Spanish radiologists. The SER promotes the use of 3D imaging and advocates for radiologists and their patient’s needs.
In Spain, reimbursement for 3D imaging is provided by the National Health System (NHS). The kind of treatment, the patient's health condition, and the patient's age all influence reimbursement for 3D imaging services. Some 3D imaging services may be fully covered by the NHS, while others may necessitate co-payments or other out-of-pocket charges.
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
By Product (Revenue, USD Billion):
The 3D Imaging Market is divided majorly into X-ray Imaging Systems, Computed Tomography (CT), Magnetic Resonance Imaging (MRI), Ultrasound & Nuclear Imaging Systems. X-ray Imaging systems have the highest market share in the 3D Imaging market. 3D X- rays are mostly utilized for dental and orthopedic applications. 3D Ultrasound is majorly helpful in tracking the dynamic motion of arteries, and veins and also has applications for various fetal, cardiac, obstetric, and rectal examinations, and many more. The ultrasound segment is predicted to develop substantially over the forecast period, primarily to the advancements in technology in the healthcare industry and the several advantages given by 3D ultrasound imaging over standard ultrasound imaging.
By Application (Revenue, USD Billion):
The market for 3D Imaging has applications covering Cardiology, Neurology, Orthopaedics, Gynaecology, Oncology, and other areas of diagnostics as well. Cardiovascular diseases are the leading cause of death globally. The second biggest cause is cancers because of which Oncology holds the highest market share in the 3D Imaging market followed by cardiology as 3D imaging is highly utilized in these two segments for diagnostics and treatments of the same. Neurosurgeons desire three-dimensional (3D) imagery of intracranial tumors, neural structures, skulls, and veins to establish a clear visual image of the surgical field's anatomical orientation prior to surgical intervention aiding better surgical outcomes for patients. Obstetricians employ 3D ultrasound scans to see the gestational sac, pinpoint the location of an ectopic pregnancy, and evaluate for fetal deformities of the face, spine, limbs, and heart. 3D Imaging applications for gynecology are yet in evolving stage and have a great scope for expansion allowing feasible and quick patient care.
By End User (Revenue, USD Billion):
Hospitals, Diagnostic Imaging Centers, and other end-user such as private clinics make up the segments of the 3D Imaging Market. The hospitals among these hold the biggest market share due to the increased uptake of cutting-edge medical technology, the expansion of existing 3D Imaging facilities, the rising affordability of 3D Imaging services, the rising prevalence of chronic conditions such as cardiovascular diseases, cancers, respiratory diseases which lead to rising in demand for precise and quick diagnostic and treatment options. Diagnostic Imaging Centers have also been deploying 3D Imaging equipment to improve their standard of care.
By Portability (Revenue, USD Billion):
The 3D Imaging market is divided into two segments Stationary & Mobile, considering the portability of the device. Stationary 3D imaging involves equipment that is installed at a particular location and is operated from the same location of installment whereas mobile ones can be relatively smaller in size and hence moved to the patients who are unable to locate the Imaging room. Mobile MRI, Ultrasound, X–ray & CT allow cutting-edge healthcare to be delivered to nearly any location and are yet in the developing stages of expansion.
Methodology for Database Creation
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How Do We Get It?
Our database is created and maintained through a combination of secondary and primary research methodologies.
1. Secondary Research
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2. Primary Research
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Combining Secondary and Primary Research
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