Spain Artificial Intelligence (AI) in Healthcare Market Size, Share, and COVID-19 Impact Analysis, By Component (Hardware, Software Solutions, and Services), By Technology (Machine Learning, Natural Language Processing, Context-aware Computing, and Computer Vision), By Application (Robot-assisted Surgery, Virtual Assistants, Administrative Workflow Assistants, Connected Medical Devices, and Others), By End-use (Healthcare Providers, Healthcare Payers, Healthcare Companies, Patients, and Others) and Spain Artificial Intelligence (AI) in Healthcare Market Insights, Industry Trend, Forecasts to 2033

Spain Artificial Intelligence (AI) in Healthcare Market Insights Forecasts to 2033

• The Spain Artificial Intelligence (AI) in Healthcare Market Size was valued at USD 0.18 Billion in 2023.
• The Spain Artificial Intelligence (AI) in Healthcare Market Size is Growing at a CAGR of 44.10% from 2023 to 2033
• The Spain Artificial Intelligence (AI) in Healthcare Market Size is Expected to reach USD 6.95 Billion by 2033

The Spain Artificial Intelligence (AI) in Healthcare Market Size is anticipated to Exceed USD 6.95 Billion by 2033, Growing at a CAGR of 44.10% from 2023 to 2033. The Growing demand for early disease detection and support from government and private organizations is driving the Growth of the artificial intelligence (AI) in healthcare market in the Spain.     

Market Overview

The artificial intelligence (AI) in healthcare market refers to the industry leveraging artificial intelligence for improving various aspects of medical care, including diagnosis, treatment, and patient management. AI in healthcare encompasses the application of artificial intelligence and machine learning to analyze and understand complex medical data, to improve diagnostic accuracy, treatment effectiveness, and patient care. The growing prevalence of chronic diseases and the geriatric population, along with the emphasis on creating personalized treatment plans, are driving the demand for AI in healthcare for analyzing imaging data to identify patterns. Strategic partnerships and collaborations among healthcare companies and AI technology providers are escalating the market growth opportunities.

Report Coverage

This research report categorizes the market for the Spain artificial intelligence (AI) in healthcare market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Spain artificial intelligence (AI) in healthcare market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Spain artificial intelligence (AI) in healthcare market.

Driving Factors

The increasing demand for early disease detection, driven by factors including an aging population and recognition of the benefits of early diagnosis, is propelling the market demand. The increasing collaboration for integrating AI into healthcare by the Spanish government and private organizations is significantly promoting the market for AI in healthcare. Further, the growing demand for lowering healthcare costs, the rise of big data in healthcare, the adoption of precision medicine, and advancements in AI technologies are all contributing to driving the market growth.

Restraining Factors

The concerns regarding data privacy, as well as the lack of standardized frameworks for AI and ML technologies, are challenging the AI in healthcare market.

Market Segmentation

The Spain artificial intelligence (AI) in healthcare market share is classified into component, technology, application, and end-use.

• The software solutions segment dominated the artificial intelligence (AI) in healthcare market and is anticipated to grow at the fastest CAGR during the projected period.

The Spain artificial intelligence (AI) in healthcare market is segmented by component into hardware, software solutions, and services. Among these, the software solutions segment dominated the artificial intelligence (AI) in healthcare market and is anticipated to grow at the fastest CAGR during the projected period. The segment includes the use of AI and machine learning for analysing vast datasets, automating tasks, and providing personalized regimes to healthcare professionals and patients. The rising adoption of AI-based software solutions by healthcare providers, payers, and patients is driving the market in the software solutions segment. 

• The machine learning segment dominated the market with the largest market share in 2023 and is anticipated to grow at a significant CAGR during the projected period.

The Spain artificial intelligence (AI) in healthcare market is segmented by technology into machine learning, natural language processing, context-aware computing, and computer vision. Among these, the machine learning segment dominated the market with the largest market share in 2023 and is anticipated to grow at a significant CAGR during the projected period. Machine learning in healthcare is increasingly important to healthcare professionals and health systems for extracting meaning from medical information. The vast amounts of data, such as EHRs, medical imaging, genomic data, and wearable devices data generated in the healthcare industry, are responsible for propelling the market in the machine learning segment.

• The robot-assisted surgery segment dominated the market with the largest revenue share in 2023 and is anticipated to grow at a significant CAGR during the projected period.

The Spain artificial intelligence (AI) in healthcare market is segmented by application into robot-assisted surgery, virtual assistants, administrative workflow assistants, connected medical devices, and others. Among these, the robot-assisted surgery segment dominated the market with the largest revenue share in 2023 and is anticipated to grow at a significant CAGR during the projected period. Robotics-assisted surgery involves the use of minimally invasive surgical techniques for enhancing precision, flexibility, and control, with benefits like smaller incisions, reduced pain, and faster recovery. An increasing volume of robot-assisted surgeries, as well as funding in AI platform development, are contributing to promoting the market growth in the robot-assisted surgery segment.

• The healthcare companies segment dominated the market with the largest market revenue share in 2023 and is anticipated to grow at a significant CAGR during the projected period.

The Spain artificial intelligence (AI) in healthcare market is segmented by end-use into healthcare providers, healthcare payers, healthcare companies, patients, and others. Among these, the healthcare companies segment dominated the market with the largest market revenue share in 2023 and is anticipated to grow at a significant CAGR during the projected period. AI is used among healthcare companies to improve diagnostic accuracy, automate workflows, and enhance patient care. The adoption of AI technologies in drug development that leverage genomic information, medical records, and clinical trial data is contributing to propelling the market in the healthcare companies segment.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Spain artificial intelligence (AI) in healthcare market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• IBM Watson Health
• NVIDIA Corporation
• GE Healthcare
• Philips Healthcare
• Siemens Healthineers
• Methinks
• Quibim
• Savana
• IOMED
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In February 2023, Methinks announced receipt of a CE mark for its artificial intelligence (AI)-based medical imaging software, Methinks Stroke Suite, following a milestone year of development progress enabling commercialisation in Europe and assisting in emergency settings for the benefit of acute stroke patients.

• In February 2023, the Spanish Government published its policy agenda for 2023, containing a passage describing the implementation of a new health technology assessment (HTA) legislation in 2023.

Market Segment

This study forecasts revenue at Spain, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Spain artificial intelligence (AI) in healthcare market based on the below-mentioned segments:

Spain Artificial Intelligence (AI) in Healthcare Market, By Component

• Hardware
• Software Solutions
• Services

Spain Artificial Intelligence (AI) in Healthcare Market, By Technology

• Machine Learning
• Natural Language Processing
• Context-aware Computing
• Computer Vision

Spain Artificial Intelligence (AI) in Healthcare Market, By Application

• Robot-assisted Surgery
• Virtual Assistants
• Administrative Workflow Assistants
• Connected Medical Devices
• Others

Spain Artificial Intelligence (AI) in Healthcare Market, By End-use

• Healthcare Providers
• Healthcare Payers
• Healthcare Companies
• Patients
• Others