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Monday, 9 March 2026

Europe Digital Health Market To Reach $267.2 Billion By 2030

 

Europe Digital Health Market Growth & Trends

The Europe digital health market size is anticipated to reach USD 267.2 billion by 2030 and is projected to grow at a CAGR of 22.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing aging population, rise in prevalence of chronic disorders in Europe, and growing demand for remote patient monitoring are among the major factors driving the market growth in this region. For instance , as per the Eurostat statistics, on 1 January 2023, the estimated population of the European Union was 448.8 million people, with 21.3% of the population being aged 65 years and over. In addition, improved IT infrastructure, growing digitalization of healthcare, and rising medical expenses are also anticipated to accelerate the market growth over the forecast period. Moreover, the shortage of healthcare professionals and overburdened healthcare facilities are also expected to increase the adoption of digital health platforms.

Growing internet and smartphone penetration in Europe and increasing adoption of mHealth platforms by medical professionals for better patient engagement is expected to boost market growth. In addition, the rise in government initiatives for the promotion and development of eHealth services also supports market growth.In 2019 , France implemented a new healthcare act based on the 'My Health 2022' plan, which aims to enhance the country's eHealth focus. The plan includes improving interoperability, implementing electronic health records (EHR) nationwide, utilizing AI in healthcare, creating a data hub for healthcare data sets, and investing in telemedicine introduced by the public health system.

In addition, the growing preference for healthcare platform upgrade services for better patient engagements in remote locations is driving the service segment growth. Moreover, training, staffing, maintenance, and resource allocation for pre- and post-installation of digital platforms to provide better remote healthcare services also support the market growth. Furthermore, growing market player’s initiatives to gain a competitive edge is driving the market growth. In April  2022, Amazon Web Services (AWS) in collaboration with University College London (UCL) established a digital innovation center at the IDEALondon technology hub. The center aims to help healthcare and education organizations expedite digital innovation and tackle worldwide challenges in their respective domains.

In addition, increasing prevalence of chronic diseases such as diabetes, cardiovascular, and respiratory diseases, among others are accelerating market growth. For instance , according to the European Society of Cardiology, cardiovascular disease (CVD) is responsible for causing 3.9 million deaths in Europe and over 1.8 million deaths in the European Union every year.

The major players operating in the market are adopting strategies such as collaborations, supply agreements, and partnerships with a major focus on enhancing the product formation and reach. For instance, in October  2021, Vodafone Group patterned with Deloitte to launch Vodafone Center for Health, a virtual care center, utilizing its connected health solutions and Deloitte’s healthcare consulting expertise to enhance healthcare accessibility across Europe. In August 2021, Lemonaid Health, an online healthcare company based in San Francisco, expanded its services internationally. The company has partnered with Boots UK to launch its services in the UK.

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Europe Digital Health Market Report Highlights

  • Based on technology, the tele-healthcare segment held the market with the largest revenue share of 43.2% in 2023, owing to the increasing aging population and growing demand for remote patient monitoring

  • Based on component, the software segment is anticipated to grow at the fastest CAGR over the forecast period, owing to the rising need for efficient management of organizational workflows in healthcare organizations

  • Based on application, the diabetes segment held the market with the largest revenue share of 24.3% in 2023, owing to the rising cases of diabetes among the population

  • Based on end-use, the patients segment led the market with the largest revenue share of 34.1% in 2023, due to the growing preference for telehealth services among the population

Foley Catheter Market Size To Reach $2.58 Billion By 2030

 

Foley Catheter Market Growth & Trends

The global foley catheter market size is expected to reach USD 2.58 billion by 2030, expected to expand at a CAGR of 5.86% from 2025 to 2030, according to a new report by Grand View Research, Inc. The demand for foley catheters is anticipated to increase owing to the rising prevalence of urological diseases such as urinary incontinence, neurogenic bladder, growing incidence of spinal cord injuries, increasing elderly population, and favorable reimbursement policies.

The worldwide patient population faces a substantial healthcare challenge as a result of the COVID-19 pandemic. Patients suffering from different diseases have received subpar care as a result of limited access to medical services. The pandemic negatively affected sales of foley catheters. To stop the illness from spreading, surgeries are frequently delayed or even canceled. For instance, open and minimally invasive operations, endoscopic surgeries, clinic visits, and diagnostic procedures all fell by 40-100% in Italy, according to urology residents' research published in August 2021.

Additionally, residents in India reported a 90% drop in surgical volume, and more than 80% of them believed their education had been affected. According to the same source, a survey of urology residents in Latin America and Spain found that 15% had their urological service closed, with all activity devoted to COVID-19 patients. As a result, with the advent of the COVID-19 pandemic in 2020, foley catheter sales plummeted.

The majority of nations across the world have started to loosen lockup regulations and restart some elective surgeries, thus the market is anticipated to bounce back and expand over the projected period. Additionally, a high frequency of urologic disorders, technological improvements, strategic actions made by various players, and an increase in the elderly population are the primary drivers of the foley catheters industry expansion.

For instance, in June 2022, Sanford Health licensed its technology to InnoCare Urologics LLC. A Stanford health practitioner invented a urinary catheter for reducing damage from accidental pullout injuries. InnoCare has finished the necessary testing and has finalized the design with a manufacturer. Its next step is submission to the U.S. FDA to obtain market clearance.

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Foley Catheter Market Highlights

  • By product type, 2-way foley catheters accounted for the largest market share of 51.38% in 2024. The growth of the segment is due to the increasing prevalence of urological disorders such as urinary tract infections (UTIs), kidney and ureteral stones, rising preference for minimally invasive surgeries coupled with the rising geriatric population.

  • Based on the end user, the hospital segment captured the largest market share with around 52.83% in 2024. The growth of this segment can mainly be attributed to a consequent rise in surgical procedures and an increase in the number of patients suffering from various chronic ailments.

  • North America foley catheter market held the largest revenue share, more than 31.62%, in 2024.

Foley Catheter Market Segmentation

Grand View Research has segmented the global foley catheters market report based on product, material, indication, end use, and region:

Foley Catheter Product Outlook (Revenue, USD Million, 2018 - 2030)

  • 2-way Foley Catheters

  • 3-way Foley Catheters

  • 4-way Foley Catheters

Foley Catheter Material Outlook (Revenue, USD Million, 2018 - 2030)

  • Silicone Foley Catheters

  • Latex Foley Catheters

Foley Catheter Indication Outlook (Revenue, USD Million, 2018 - 2030)

  • Urinary Incontinence

  • Enlarged Prostate Gland/BPH

  • Spinal Cord Injury

  • Others

Foley Catheter End Use Outlook (Revenue, USD Million, 2018 - 2030)

  • Hospitals

  • Long Term Care Facilities

  • Others

Face Wash And Cleanser Market To Reach $55.36 Billion By 2033

 

Face Wash And Cleanser Market Growth

The global face wash and cleanser market size is expected to reach USD 55.36 billion by 2033 registering a CAGR of 6.6%, according to a new report by Grand View Research, Inc. Increasing pollution levels and need for effective face cleaning products are expected to augment the growth of this market over the forecast period. In addition, rising cases of skin problems, such as acne, rash, and irritation, are driving the demand for organic and chemical-free products, which, in turn, will boost the growth further.

Rising awareness about the availability of innovative products is also expected to drive the demand in the years to come. On the basis of product type, the market is segmented into face wash and cleansers. Gel-based cleansers are expected to have a CAGR of 6.9% from 2026 to 2033. Supermarket & hypermarket was the largest distribution channel segment and is expected to maintain its leading position over the next few years.

Increasing number of supermarkets & hypermarkets on account of rapid expansion of organized retail sectors in developing countries is expected to boost the segment growth. Some of the key companies in the global market are Unilever, The Procter & Gamble Company, L’Oreal S.A., The Himalaya Drug Company, Godrej Consumer Products Ltd., Shiseido Co., Ltd., Zydus Wellness, Estee Lauder Company Ltd., Johnson and Johnson Ltd., and The Proactiv Company LLC.

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Face Wash And Cleanser Market Report

Face Wash And Cleanser Market Report Highlights

Face Wash And Cleanser Market Segmentation

Grand View Research has segmented the global face wash and cleanser market report on the basis of product, distribution channel, and region:

Face Wash And Cleanser Product Outlook (Revenue, USD Million, 2021 - 2033)

Face Wash And Cleanser Distribution Channel Outlook (Revenue, USD Million, 2021 - 2033)

Ethyl Acetate Market Size To Reach $9.29 Billion By 2030

 The global ethyl acetate market size is expected to reach USD 9.29 billion by 2030, registering a CAGR of 6.8% from 2023 to 2030, as per the new report by Grand View Research, Inc. The industry growth is majorly driven by the increasing production of sustainable packaging products like flexible packaging due to the growing environmental concerns, which, in turn, is predicted to fuel the demand for solvent-based printing inks from the packaging industry during the forecast period.The demand for ethyl acetate solvents is on the rise globally, driven by their increasing utilization in diverse industries including paints & coatings, adhesives, inks, pharmaceuticals, and others.

The product is incorporated into coating formulations, such as acrylics, urethanes, and epoxies, and applied on various surfaces like fixtures, wooden furniture, and mining equipment. These coatings also find usage in construction, agriculture, marine, and auto refinishing applications. One of its primary uses lies in enhancing flavors in various food and beverage items, including coffee, tea, and confectioneries. Due to its pleasant aroma, it is also used to impart fruity notes to chewing gum, baked goods, candies, and other products. In the pharmaceutical domain, solvent extraction benefits from its adaptability to process heat-sensitive substances and overall versatility. Consequently, considering both environmental considerations and human safety, the product is expected to have substantial utilization for solvent extraction within the pharmaceutical industry.

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Ethyl Acetate Market Report

Ethyl Acetate Market Report Highlights

  • The market is expected to witness significant growth over the forecast period due to the rising product demand from the automotive and packaging industries
  • Paints & coatings was the dominating application segment in 2022 and accounted forthe largest revenue share of 59.3% as the product contributes to the ease of application by controlling the viscosity and ensuring a smooth consistency, resulting in coatings that are easy to apply evenly
  • In 2022, automotive emerged as the dominant application segment with a revenue share of over 37% owing to the rapid growth of the automotive industry due to the increasing adoption of electric vehicles across the globe
  • Asia Pacific is projected to dominate the market in the coming years owing to the rapid development of food & beverage and automotive manufacturing industries in the region

Ethyl Acetate Market Segmentation

Grand View Research has segmented the global ethyl acetate market on the basis of application, end-use, distribution channel, and region:


Ethyl Acetate Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018–2030)

  • Paint & Coatings
  • Inks
  • Process Solvents
  • Pigments
  • Other Applications

Ethyl Acetate End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018–2030)

  • Artificial Leather
  • Automotive
  • Food & Beverage
  • Packaging
  • Pharmaceutical
  • Other End-uses

Ethyl Acetate Distribution Channel Outlook (Volume, Kilotons; Revenue, USD Million, 2018–2030)

  • Offline
  • Online

Equipment As A Service Market To Reach $27,804.4 Million By 2030

 The global equipment as a service market size is anticipated to reach USD 27,804.4 million by 2030, expanding at a CAGR of 53.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. Equipment as a Service is gaining traction among a broad spectrum of machine manufacturers as a result of globalization, digitization, and the Internet of Things, which have been significant drivers and catalysts of this innovation in recent years. For instance, a construction equipment model emphasizing usage rather than ownership will enable Volvo clients to invest more money profitably and expand their main business operations.

Today’s equipment manufacturers are attempting to shift the focus from capital expenditure (CapEx) to operating expenditure (OpEx) in order to increase flexibility, which will further fuel market demand. This effort is being driven by the meteoric rise of well-known B2C offerings like Netflix and Spotify. The benefit of EaaS models is that they make it possible to switch from a high initial CAPEX to a recurrent OPEX model. Equipment as a service (EaaS) models does away with the necessity for substantial investments and the related long-term financial commitment for the consumers of the equipment manufacturers. In the coming years, the demand for equipment as a service will be driven by the aforementioned causes. For instance, the much-touted Rolls-Royce concept, known as “power-by-the-hour” since clients are only charged for each hour of actual usage, has completely changed how the business sells aviation turbines.

Contrary to CAPEX business models, the client relationship is maintained over the long term, much like subscription models. Instead, it is limited to the completion and follow-up of the equipment purchase. As a result, the customer benefits from the manufacturer’s continued responsibility for the product and the machine manufacturer’s continued awareness of the client’s needs. In addition, the manufacturer of the equipment makes ongoing additional revenues through services and gains expertise by having access to user data in addition to one-time earnings. These aforementioned factors will propel the market demand in the coming years.

Machine manufacturers also manage to monitor equipment status as part of EaaS models or Machine as a Service (MaaS), and provide predictive maintenance based on usage data analysis via the IIoT. Furthermore, these models contain more sophisticated services that would often be outsourced. The opportunity for providers to make more money above and beyond their pre-EaaS business model exists here. This business model is being studied by an increasing number of industrial manufacturing enterprises for their machinery, tools, software, and digital services. Examples of companies that have successfully used this business model for industrial devices and equipment include Kaeser (compressors), Heidelberger Druckmaschinen (digital printing machines), and Atlas Copco (mining equipment).

EaaS or MaaS fundamentally enables users to rent machinery for a set length of time or to reach other pre-determined outputs, in contrast to a traditional model where manufacturers sell machinery, equipment, and production systems for a single, upfront cost. Providers can create specialized, user-friendly solutions that satisfy the commercial objectives of their partners owing to this cutting-edge pay-per-use or pay-per-unit-produced business model. For instance, in May 2020, Equipment Financing Group, Milacron’s exclusive finance partner, introduced a new leasing option for machinery upgrades. Milacron is a major industrial technology business serving the plastics processing sector. Moreover, EaaS or MaaS models have benefits over owning, such as cheaper monthly payments that are often made over the course of months or years rather than all at once, thus driving market expansion.

By engaging in a strategic collaboration with the Munich Re Group, for instance, The Heidelberg Group hopes to both grow the amount of revenue it generates through its digital usage-based Subscription Plus model and to further develop it into a shared Equipment as a Service (“EaaS”) model. Through this cross-industry alliance, the two businesses are combining their respective advantages.

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Equipment As A Service Market Report

Equipment As A Service Market Report Highlights

  • The laser cutting machine equipment segment led the market and accounted for 15.5% of the global revenue share in 2023. With its pricing and marketing strategy, which includes Equipment as a Service (EaaS), also known as Machine as a Service (MaaS), and pricing models for services, the equipment manufacturing sector is undergoing a fundamental paradigm shift.
  • The CNC machines equipment segment is expected to grow at a CAGR of 58.9% over the forecast period. In the coming years, there will be a significant demand for CNC machines due to the growth in demand for telecom connectivity, medical devices, and equipment used in semiconductor fabrication.
  • The manufacturing end use segment led the market and accounted for 39.1% of the global revenue share in 2023. Industrial businesses are up against more competition on a worldwide scale in the current business environment.
  • The construction end use segment is expected to grow at a CAGR of 44.6% over the forecast period. The construction industry is inherently a large user of natural resources.
  • The subscription-based financing models segment led the market and accounted for 50.7% of the global revenue share in 2023. EaaS reduces risks through regular revenue or expenses, predictable subscription pricing, and flexible contracts.
  • Outcome-based financing models segment is expected to witness a CAGR of 51.4% over the forecast period. Business outcomes are the main focus of outcome-based financing models, where a consumer pays for a specific, measurable business result or value obtained from used services.
  • The North America Equipment as a Service market held the largest global revenue share of 36.7% in 2023. According to the Associated General Contractors (AGC) of America, Inc., construction spending was 8.2% higher in January 2022 than it was in January 2021, demonstrating the rapid growth of the industry in this region.
  • The equipment as a service market in Asia Pacific is expected to grow at the fastest CAGR of 56.8% over the forecast period. This growth can be attributed to the presence of developing economies, such as China and India, and the significant technological and infrastructural developments in the region.

Grand View Research has segmented global equipment as a service market based on equipment, financing models, end-use, and region:


Equipment As A Service Equipment Outlook (Revenue, USD Million, 2018–2030)

  • Air Compressor
  • Pump
  • Power Tools
  • Ground Power Units
  • Laser Cutting Machines
  • Printing Machines
  • CNC machines
  • Material handling system
  • Packaging Machine
  • Excavators
  • Cranes
  • Turning and milling machines

Equipment As A Service End-use Outlook (Revenue, USD Million, 2018–2030)

  • Construction
  • Air Compressor
  • Pump
  • Power Tools
  • Ground Power Units
  • Excavators
  • Cranes
  • Material Handling
  • Mining
  • Air Compressor
  • Pump
  • Ground Power Units
  • Excavators
  • Cranes
  • Manufacturing
  • Air Compressor
  • laser cutting machines
  • CNC machines
  • Turning and milling machines
  • Packaging
  • Packaging Machine
  • Printing Machines

Equipment As A Service Financing Models Outlook (Revenue, USD Million, 2018–2030)

  • Subscription-Based
  • Outcome-Based
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