Germany Ostomy Care And Accessories Market Size & Outlook
Germany ostomy care and accessories market, 2018-2030 (US$M)
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Germany ostomy care and accessories market highlights
- The Germany ostomy care and accessories market generated a revenue of USD 326.9 million in 2023 and is expected to reach USD 491.2 million by 2030.
- The Germany market is expected to grow at a CAGR of 6% 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.
Ostomy care and accessories market data book summary
| Market revenue in 2023 | USD 326.9 million |
| Market revenue in 2030 | USD 491.2 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Bags |
| Fastest growing segment | Accessories |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Germany accounted for 8.9% of the global ostomy care and accessories market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK ostomy care and accessories market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 491.2 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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Germany 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 84.98% in 2023. Horizon Databook has segmented the Germany ostomy care and accessories market based on bags, accessories covering the revenue growth of each sub-segment from 2018 to 2030.
The ostomy care and accessories market in Germany is mainly driven by the increasing number of patients suffering from colorectal cancer. Colorectal cancer is the most common cause of cancer related deaths in men as well as women in Germany.
About every seventh case of cancer in Germany affects the colon or rectum. Factors that increase the risk of colorectal cancer include overweight and smoking. People who regularly consume alcohol and red meat or processed meat are more susceptible to this type of cancer.
Moreover, geriatric population mostly suffers from colon and rectum diseases. Thus, increasing number of elderly people suffering from colorectal cancer are primarily driving the growth of the market for ostomy care in Germany.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany ostomy care and accessories market , including forecasts for subscribers. This country databook contains high-level insights into Germany ostomy care and accessories market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany ostomy care and accessories market size, by product, 2018-2030 (US$M)
Germany Ostomy Care And Accessories Market Outlook Share, 2023 & 2030 (US$M)
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