In 2024, Germany leads European household expenditure on medical products with 48.84 billion Euros, followed by France at 22.73 billion Euros, and Italy at 15.62 billion Euros. Spain and the Netherlands round out the top five at 14.67 and 4.51 billion Euros, respectively. The expenditure variations from 2023 show Germany rising by 4.18%, France by 3.02%, and Italy by 2.3%. Notably, the Netherlands saw a significant increase of 6.61%, while Croatia had an impressive growth of 19.97%. Small markets like Luxembourg (0.23187 billion Euros) and Estonia (0.32126 billion Euros) still maintain growth rates above 2%.
Future trends to monitor include a continuing rise in healthcare expenditure in larger economies like Germany and France, driven by aging populations and expanding healthcare services. Smaller markets like Croatia and Slovenia may present growth opportunities due to their rapid increase in medical expenditure. Furthermore, technological advancements and increasing demand for advanced medical products could shift household expenditure patterns across Europe.
Top countries in Household Expenditure on Medical Products by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 48,840 | 2023 | +2.92% | +4.18% | View data |
| 2 | 2 France | 22,730 | 2023 | +3.61% | +3.02% | View data |
| 3 | 3 Italy | 15,620 | 2023 | +0.29% | +2.3% | View data |
| 4 | 4 Spain | 14,670 | 2023 | +2.71% | +2.78% | View data |
| 5 | 5 Netherlands | 4,510 | 2023 | +5.77% | +6.61% | View data |
| 6 | 6 Belgium | 4,450 | 2023 | +1.3% | +2.53% | View data |
| 7 | 7 Austria | 3,620 | 2023 | +2.25% | +3.28% | View data |
| 8 | 8 Portugal | 3,060 | 2023 | +5.01% | +4.84% | View data |
| 9 | 9 Croatia | 1,680 | 2023 | +20.98% | +19.97% | View data |
| 10 | 10 Slovakia | 1,020 | 2023 | +6.47% | +6.86% | View data |
