In 2023, Germany led European household expenditure on medical products with a value share of 25.77 million euros, representing a dominant portion. France and the UK followed with 11.99 and 10.11 million euros, respectively. Noteworthy growth was recorded in Romania (14.72%) and Croatia (19.35%), highlighting a significant shift towards higher spending in Eastern Europe. Poland showed robust growth as well (11.73%). Meanwhile, Norway's expenditure slightly decreased, and Cyprus faced a noteworthy decline of 12.59%. Over a five-year period, these expenditures are driven by demographic aging, technological advancements, and healthcare access expansion.
Future trends to watch include the impact of digital health innovations, which could enhance efficiency and reduce costs. Additionally, aging population dynamics and economic policies affecting healthcare expenditure are critical factors. Monitoring Eastern Europe, where significant growth was observed, may reveal further opportunities for investment in health-related products and services.
Top countries in Household Expenditure on Medical Products, Appliances and Equipment Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 25.77 | 2023 | +2.92% | +4.18% | View data |
| 2 | 2 France | 11.99 | 2023 | +3.45% | +2.98% | View data |
| 3 | 3 United Kingdom | 10.11 | 2023 | +2.42% | +3.17% | View data |
| 4 | 4 Poland | 9.88 | 2023 | +9.01% | +11.73% | View data |
| 5 | 5 Italy | 8.19 | 2023 | -0.39% | +2.16% | View data |
| 6 | 6 Spain | 7.75 | 2023 | +2.76% | +2.8% | View data |
| 7 | 7 Romania | 4.59 | 2023 | +4.95% | +14.72% | View data |
| 8 | 8 Belgium | 2.35 | 2023 | +1.39% | +2.55% | View data |
| 9 | 9 Netherlands | 2.28 | 2023 | +1.47% | +5.73% | View data |
| 10 | 10 Austria | 1.9 | 2023 | +1.61% | +3.15% | View data |
