Spain Spinal MRI Procedures Market Size, Share, Growth, Trends, and Industry Analysis: By MRI Procedures (Lumbar MRI Procedures, Cervical MRI Procedures, and Sacro-iliac MRI Procedures), By Sector (Public Hospitals/Universities, and Private (Private Hospitals, and Imaging Centers) and Country Forecast 2019-2030

In 2023, 759,000 MRI procedures were performed and are projected to grow at a CAGR of 3.0% over the forecast years to reach 930,000 procedures by 2030. Among the various drivers behind the Spain spinal MRI procedures market is the increasing incidence of spinal disorders, such as herniated discs and spinal stenosis; advancements in MRI technology, which improve diagnosis accuracy; an aging population that increasingly requires more frequent procedures alongside an increasingly informed public regarding the health of the spine, which contributes to earlier diagnosis.

However, there is a challenge of high costs incurred in procedures, limited access in rural areas, and lack of uniformity in the coverage of insurance, thus unattractive to patients. Improvement is seen by increasing the number of health infrastructure, expanding through telemedicine for consultation purposes, and the ongoing development of imaging technologies. Coordination between healthcare providers and tech firms can further unlock MRI services. Current trends have embraced the integration of artificial intelligence for better diagnostic accuracy, comfort measures for patients during procedures, and a call toward more outpatient services that reflect a greater need for convenience in the delivery of healthcare.

Key Takeaways

• The Spain Spinal MRI Procedures in 2023 were 759,000 growing at a rate of 2.4% from 2019.
• By procedure type, the Lumbar procedure segment has captured a 60.6% market share in 2023 with 460,000 MRI procedures.
• By sector, the public hospitals/universities segment will account for a market share of 54.7% in 2023, with 415,000 MRI procedures.

Spain Spinal MRI Procedures Market Segmentation Analysis

By procedures The Lumbar MRI procedure segment has captured a 60.6% market share in 2023 with 460,000 MRI procedures.  This is among the most prevalent causes of medical consultations and leads to diagnostic imaging. The higher incidence demands more lumbar MRIs.

By Sector The public segment has accounted for a market share of 54.7% in 2023 with 415,000 MRI procedures. The Spanish government does significant investments in public healthcare infrastructure and keeps the public hospitals and clinics equipped with the latest imaging technologies. In response, this investment has brought about higher throughput of MRI procedures.

Facts & Figures of MRI Procedures in Spain

• The cost of an MRI scan would vary from one facility to another and also the type of MRI, and it can cost between €300 and €600 in Spain.
• A new MRI machine cost will be between €1 million to €3 million depending on the technology and specifications
• The annual maintenance for MRI machines would cost the equivalent of about 10-15% of the initial purchase cost.
• About 20% of the population of Spain suffers from a type of musculoskeletal disorder, and this includes back problems.
• It is estimated that around 5% of adults in Spain suffer a serious spinal injury every year.
• Healthcare spending across Spain is estimated at €200 billion per year, with about 9% of GDP being accounted for by health spending.

Key Players in the Spain Spinal MRI Procedures Market

The Spain spinal MRI Procedures Market size is inclusive of several companies such as Philips Healthcare, Canon Medical Systems, Toshiba Medical Systems, Stryker, Zimmer Biomet, Abbott Laboratories, GE Healthcare, Resonance Health, Medtronic, Siemens Healthineers, and others.

Spain Spinal MRI Procedures Market Key Developments

• In April 2023, Unilabs, the market leader in diagnostics, signed an agreement with SmartSoft Healthcare to deploy its AI solution, CoLumbo, to enhance quality in lumbar spine MRI reading and reporting in Spain.
• In Dec 2020, Royal Philips, a global leader in health technology, and InSightec, a global healthcare company specializing in the therapeutic power of acoustic energy, announced that they are collaborating to make MR-guided focused ultrasound a more accessible technology for incision-less neurosurgery.