Key Market Indicators
Spain is set to witness a modest growth in medical technology density and expenditure over the next five years. By 2026, Spain's medical technology density is projected to reach 969 units, a 0.8% increase from 2021. This follows a 1.6% annual growth rate since 2015. Meanwhile, medical product expenditure is predicted to hit €16,560 million in 2026, representing a 2.2% increase from 2021. This follows an average annual growth rate of 4.3% since 2000. As of 2021, Spain was ranked 6th in Europe for medical product expenditure, with Poland in the lead at €14,840 million. France, the United Kingdom and Italy followed, respectively.