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Spanish Healthcare Maintains its Bets on Digitalization

In 2022, 86% of Spanish companies in the sector have launched new initiatives throughout the year aimed at greater digitization, after nine out of ten operators in this industry had already done so in 2021. The challenges in this regard remain, although the note given by the sector itself is positive. Specifically, 2% of Spanish companies in the healthcare business rate the level of development of digital healthcare in Spain as very high.

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The healthcare business in Spain maintains its strategic bets with a focus on investment and digitalization. Specifically, 86% of companies say that they have launched new initiatives in 2022 aimed at greater digitalization (a ratio that only suffers by four points compared to the previous year), while almost two out of three say they will raise their investments.

These are some of the conclusions of the Barometer of Healthcare Companies in Spain, a report promoted by PlantaDoce, with the sponsorship of Atrys Health, which is based on a survey of close to 300 companies in the healthcare industry in Spain in a broad sense, from the pharmaceutical industry to the clinical sector, medical technology, research and care for dependent persons. The survey was carried out in its entirety in September.

The report reveals that, despite the worst circumstances, affected by the economic environment, the sector’s dynamism in terms of investment, internationalization, and technological innovation has not slowed down. Almost two out of three companies in this business plan to increase their investments in 2022 compared to the previous year: specifically, 26% of the panelists say that their investments will register a substantial increase in 2022 compared to the previous year. This rate falls by nine points from the previous edition when 35% were betting on strongly boosting their investments in the year after the outbreak of the pandemic.

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Nearly two out of three companies in expect to increase their investments in 2022 compared to the previous year

On the other hand, the ratio of companies that are betting on a moderate growth of their investments in the current year falls by only one point, to 39% of the total. Only 6% of companies, four points more than in the previous edition of the Barometer, say that their investments will decrease moderately with respect to the previous year. The share that will remain stable is also rising: from 23% in 2021 to 29% this year.

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Another strategic focus of many of the sector’s operators is international growth. In 2022, the proportion of companies expecting an increase in international sales fell compared to the previous year: 17% see this as certain (compared to 25% in 2021) and 21% as probable (compared to 22% previously). The majority, 61%, believe that the ratio of international sales will remain stable.

The goal that remains the clearest in the Spanish healthcare sector is that of digitalization

In 2022, 86% of Spanish companies in the sector have launched new initiatives throughout the year aimed at greater digitization, after nine out of ten operators in this industry had already done so in 2021. The challenges in this regard remain, although the note given by the sector itself is positive. Specifically, 2% of Spanish companies in the healthcare business rate the level of development of digital healthcare in Spain as very high, while another 36% rate it as high and another 54% rate it as fair. Only 8% believe, on the other hand, that it is low.

Technology is precisely one of the two trends in the healthcare business that most companies believe will be maintained in the medium and long term. 88% of companies say that digital health and telemedicine will continue to develop in the future, while 70% point to the increased use of data in the sector.

In third place, 41% say that predictive medicine will gain weight, the third trend with the most business support. The report points to other relevant conclusions, such as the increase, from 40% to 42%, in the rate of companies that have carried out or plan to carry out a corporate operation, or the decrease (although still high) in the proportion of companies that expect their business to continue to grow in 2022.

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(Featured image by geralt via Pixabay)

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First published in PlantaDoce, a third-party contributor translated and adapted the articles from the originals. In case of discrepancy, the original will prevail.

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Eva Wesley is an experienced journalist, market trader, and financial executive. Driven by excellence and a passion to connect with people, she takes pride in writing think pieces that help people decide what to do with their investments. A blockchain enthusiast, she also engages in cryptocurrency trading. Her latest travels have also opened her eyes to other exciting markets, such as aerospace, cannabis, healthcare, and telcos.