Europe Ostomy Care And Accessories Market Size & Outlook
Europe ostomy care and accessories market, 2018-2030 (US$M)
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Europe ostomy care and accessories market highlights
- The Europe ostomy care and accessories market generated a revenue of USD 1,742.8 million in 2023.
- The market is expected to grow at a CAGR of 5.3% from 2024 to 2030.
- In terms of segment, bags was the largest revenue generating product in 2023.
- Accessories is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 1,742.8 million |
| Market revenue in 2030 | USD 2,505.4 million |
| Growth rate | 5.3% (CAGR from 2023 to 2030) |
| Largest segment | Bags |
| Fastest growing segment | Accessories |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bags, Accessories |
| Key market players worldwide | Coloplast A/S ADR, ConvaTec Group PLC, Hollister, Marlen Manufacturing and Development Co., Nu-Hope Laboratories, Perfect Choice Medical Technologies, Safe N Simple, AdvaCare Pharma, CyMed, Eakin Healthcare Group, Alcare Diagnostics & Research Center |
Other key industry trends
- In terms of revenue, Europe region accounted for 47.2% of the global ostomy care and accessories market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 839.7 million by 2030.
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Ostomy Care And Accessories Market Scope
Ostomy Care And Accessories Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe ostomy care and accessories market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ostomy care and accessories market will help companies and investors design strategic landscapes.
Bags was the largest segment with a revenue share of 83.12% in 2023. Horizon Databook has segmented the Europe ostomy care and accessories market based on bags, accessories covering the revenue growth of each sub-segment from 2018 to 2030.
Factors such as an increase in the number of stoma patients due to Crohn’s disease and ulcerative colitis or IBD are expected to drive the growth of the ostomy care and accessories market in Europe during the forecast period. In Europe, about 731,000 people live with an ostomy.
According to NCBI, IBD comprises Crohn’s diseases or ulcerative colitis, and its occurrence in European countries is steadily rising. According to the Journal of Crohn’s and Colitis, the incidence of ulcerative colitis and Crohn’s disease in Europe is increasing every year.
It has been estimated that 0.3% of the total population in Europe suffers from IBD. The highest incidence was witnessed in the UK, while the lowest was seen in eastern and southern Europe. Thus, increasing incidence of IBD is primarily driving market growth in Europe.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe ostomy care and accessories market , including forecasts for subscribers. This continent databook contains high-level insights into Europe ostomy care and accessories market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe ostomy care and accessories market size, by country, 2018-2030 (US$M)
Europe Ostomy Care And Accessories Market Outlook Share, 2023 & 2030 (US$M)
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