Spain Respiratory Devices Market Size (2024 - 2029)

The market size of Spain's respiratory devices sector is projected to grow due to an increasing demand driven by the high prevalence of respiratory diseases such as chronic obstructive pulmonary disease, tuberculosis, asthma, and sleep apnea. The impact of the COVID-19 pandemic initially boosted the demand for respiratory diagnostics and therapeutics, and although the situation has stabilized, the emergence of new virus strains may still influence the market. Technological advancements and new product launches are further contributing to market expansion, despite the potential hindrance posed by the high cost of these devices.

Market Size of Spain Respiratory Devices Industry

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Spain Respiratory Devices Market  Summary
Study Period 2021 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2021 - 2022
CAGR 4.90 %

Major Players

Spain Respiratory Devices Market  Major Players

*Disclaimer: Major Players sorted in no particular order

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Spain Respiratory Devices Market Analysis

Spain's respiratory devices market is expected to register a CAGR of 4.9% over the forecast period.

The SARS-CoV-2 virus that was responsible for the COVID-19 pandemic severely affected the respiratory system and had a significant impact on people with respiratory illnesses such as asthma, and COPD in Spain. Hence, the demand for both, respiratory diagnostics and therapeutics devices increased significantly during the peak of the COVID-19 in the country which had a significant impact on the respiratory devices market in Spain. However, with the vaccination, the cases of COVID-19 decreased significantly in the country which has stabilized the demand for respiratory devices in the country but the emergence of new SARS-CoV-2 strains might have an impact on the market during the forecast period.

The rising incidence of respiratory diseases such chronic obstructive pulmonary disease (COPD), tuberculosis (TB), asthma (Asthma), and sleep apnea (SAP), as well as technical developments and expanding applications in home care settings, are driving the expansion of the studied market. The high prevalence of respiratory disorders in Spain is one of the major factors driving the demand for respiratory devices. For instance, an article published by the journal, Public Health Front, in May 2022, reported the high incidence of TB cases in Spain, especially among individuals with type-2 diabetes mellitus who were more prone to TB in Spain. Thus, high cases of TB demand increased respiratory devices, thereby driving the growth of Spain's respiratory devices market. Similarly, another article published by the journal, NPJ Prim. Care Respir. Med. volume in March 2022, reported that asthma's prevalence rates vary significantly in European countries. The article also quoted that the prevalence rate of asthma in Spain was estimated to be between 2.5% - 13.5%, while the prevalence of asthma in Barcelona was reported to be 6.3% - 6.6%. Thus, the high incidence of respiratory disorders in Spain is leading to an increasing demand for respiratory devices thereby driving the growth of the studied market.

Further, the technological advancements and new product launches by key market players are also propelling the growth of the studied market. For instance, in December 2021, Resyca's Pulmospra inhaler received a CE-marked and is available in Spain including other European countries for specific indications. Similarly, in March 2022, Sandoz, acquired the respiratory device development company, Coalesce Product Development Limited. Sandoz gained a substantial new growth platform with this purchase, allowing them to expand their offerings of respiratory equipment and medicines throughout Europe, including Spain. Thus, such product launches, mergers, and acquisitions are leading to the development of a better respiratory device portfolio in Spain and are driving the growth of the studied market.

The market is anticipated to expand during the forecast time period as a result of factors such as the rising incidence of respiratory diseases like chronic obstructive pulmonary disease (COPD), tuberculosis (TB), asthma (A), and sleep apnea (SAP), as well as technological advancements and rising applications in homecare settings. However, the high cost of respiratory devices may slow down the growth of the studied market.

Spain Respiratory Devices Industry Segmentation

As per the scope of the report, respiratory devices are respiratory diagnostic devices, therapeutic devices, and breathing devices for administering long-term artificial respiration. It may also include a breathing apparatus used for resuscitation, by forcing oxygen into the lungs of a person who has undergone asphyxia. Spain's Respiratory Devices Market is Segmented by Type (Diagnostic and Monitoring Devices (Spirometers, Sleep Test Devices, and Other Diagnostic and Monitoring Devices), Therapeutic Devices (Positive Airway Pressure (PAP) Devices, Humidifiers, Nebulizers, Ventilators, Inhalers, and Other Therapeutic Devices) and Disposables). The report offers the value (in USD million) for the above segments.

By Type
Diagnostic and Monitoring Devices
Spirometers
Sleep Test Devices
Other Diagnostic and Monitoring Devices
Therapeutic Devices
Positive Airway Pressure (PAP) Devices
Humidifiers
Nebulizers
Ventilators
Inhalers
Other Therapeutic Devices
Disposables
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Spain Respiratory Devices Market Size Summary

The Spain respiratory devices market is poised for growth, driven by the increasing prevalence of respiratory diseases such as asthma, COPD, tuberculosis, and sleep apnea. The impact of the COVID-19 pandemic significantly boosted the demand for respiratory diagnostics and therapeutic devices, although the market has since stabilized with the decline in COVID-19 cases. However, the emergence of new SARS-CoV-2 strains could still influence market dynamics. Technological advancements and the expanding application of respiratory devices in home care settings are further propelling market growth. The high incidence of respiratory disorders, coupled with air pollution and obesity, is driving the demand for inhalers and sleep testing devices, which are essential for managing these conditions.

The competitive landscape of Spain's respiratory devices market is characterized by the presence of both international and local companies, including prominent players like Dragerwerk AG, Fisher & Paykel Healthcare Ltd, and Medtronic PLC. These companies are actively involved in product launches and strategic initiatives to enhance their market offerings. Innovations such as Resyca's Pulmospra inhaler and Acurable's AcuPebble SA100 device exemplify the ongoing advancements in the sector. Government initiatives aimed at raising awareness and improving access to respiratory care are also contributing to market expansion. Despite the high cost of respiratory devices posing a potential challenge, the overall market is expected to grow, supported by the increasing demand for effective treatment options and the continuous development of new technologies.

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Spain Respiratory Devices Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Prevalence of Respiratory Disorders, such as COPD, TB, Asthma, and Sleep Apnea

      2. 1.2.2 Technological Advancements and Increasing Applications in Homecare Setting

    3. 1.3 Market Restraints

      1. 1.3.1 High Cost of Devices

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 2.1 By Type

      1. 2.1.1 Diagnostic and Monitoring Devices

        1. 2.1.1.1 Spirometers

        2. 2.1.1.2 Sleep Test Devices

        3. 2.1.1.3 Other Diagnostic and Monitoring Devices

      2. 2.1.2 Therapeutic Devices

        1. 2.1.2.1 Positive Airway Pressure (PAP) Devices

        2. 2.1.2.2 Humidifiers

        3. 2.1.2.3 Nebulizers

        4. 2.1.2.4 Ventilators

        5. 2.1.2.5 Inhalers

        6. 2.1.2.6 Other Therapeutic Devices

      3. 2.1.3 Disposables

Spain Respiratory Devices Market Size FAQs

The Spain Respiratory Devices Market is projected to register a CAGR of 4.90% during the forecast period (2024-2029)

Fosun Pharmaceutical (Breas Medical AB), Fisher & Paykel Healthcare Ltd, Smiths Medical Inc, Medtronic PLC and General Electric Company (GE Healthcare) are the major companies operating in the Spain Respiratory Devices Market.

Spain Respiratory Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)