Press Release

Spain Diagnostic Labs Market to be Dominated by Pathology Test Type through 2027

An increase in foreign direct investments for the development of healthcare industry and growing old age population are driving the demand for Spain diagnostic labs in the forecast period, 2023-2027.

According to TechSci Research report, Spain Diagnostic Labs Market By Region, Competition Forecast & Opportunities, 2027”, the Spain diagnostic labs market is expected to register an impressive CAGR in the forecast period, 2023-2027.

Diagnostic labs represent the center in which various tests and medical tests are performed as per the need of the patient to aid the detection or diagnosis of any disease. These tests assist in the controlling, surveillance, and prevention of any infectious or chronic disease. Diagnostic tests help in improving patient care and minimizing healthcare spending.

Spain has an advanced healthcare industry and continuously works on technological evolution to meet the growing testing requirements. An increase in demand for point-of-care devices among patients and the government support to enhance the healthcare infrastructure are driving the demand for the Spain diagnostic labs market.

The expanding geriatric population, which is a significant part of Spain's population, is more prone to immunological disorders and requires the services of diagnostic labs for disease detection. Also, the rise in awareness about the benefits of personalized medicines to treat chronic diseases, including cancer, is expected to boost the growth of the Spain diagnostics labs market for the next five years.

However, the implementation of strict government regulations and unfavorable reimbursement policies may hamper the growth of Spain diagnostic labs market over the forecast period.

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The Spain diagnostic labs market is segmented into provider type, test type, end user, regional distribution, and competitive landscape.

Based on provider type, the market is divided into hospital, stand-alone center, and diagnostic chains. Diagnostic chains are expected to capture the largest market share in the forecast period, 2023-2027. Stringent pricing norms set up by the government authorities and the high per capita income fuel the demand for advanced tests and procedures from diagnostic chains.

Based on test type, the market is divided into radiology and pathology. The pathology segment is expected to dominate the Spain diagnostic labs market for the next five years. An increase in awareness among individuals towards medical testing and early diseases detection is projected to propel the demand for diagnostic labs across the globe.

Pathology offers alternatives as it supports home-based testing and testing at the lab center. The expanding awareness about the benefits of using diagnostic labs in the country and the option to opt for the testing type per patient preference bolsters the segment growth over the forecast period.

Based on end-user, the market is divided into corporate clients, walk-ins, and referrals. The corporate client segment is expected to account for a significant market share in the forecast period. The rise in the adoption of diagnostic labs, especially during COVID-19, to prevent the spread of novel coronavirus in corporate offices accelerated the segment growth from corporate offices.

Major market players operating in Spain diagnostic labs market are:

·         Catlab

·         Biomedical Diagnostic Center (CDB),

·         Unilabs

·         Eurofins Megalab

·         My Medica

·         Grupo Cruz Blanca (Cruz Blanca Group)

·         Vircell S.L.

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“The increase in the focus of market players on the development of advanced diagnostic labs and the integration of novel technologies to boost the accuracy of medical testing is expected to influence the market demand significantly. The ongoing trend of lab automation and the introduction of specialized tests for early disease detection and management are revolutionizing the diagnostic labs market. The increase in the prevalence of lifestyle diseases, such as atherosclerosis, cardiovascular disease, and stroke, and the supportive government policies promoting the healthcare industry are expected to propel the Spain diagnostic labs market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Spain Diagnostic Labs Market By Provider Type (Hospital, Stand-Alone Centre, Diagnostic Chains), By Test Type (Radiology v/s Pathology), By End User (Corporate Clients, Walk-ins, Referrals), By Region, Competition Forecast & Opportunities, 2027”, has evaluated the future growth potential of Spain diagnostic labs market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Spain diagnostic labs market.

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Spain Diagnostic Labs Market By Provider Type (Hospital, Stand-Alone Centre, Diagnostic Chains), By Test Type (Radiology v/s Pathology), By End User (Corporate Clients, Walk-ins, Referrals), By Region, Competition Forecast & Opportunities, 2027

Healthcare | Apr, 2022

Elevating adoption of home-based point of care devices and huge investments by government and private players are expected to drive the demand for Spain diagnostic labs market in the forecast period, 2023-2027.

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