Belgium Medical Devices Report

Providing expert analysis, independent forecasts and competitive intelligence on the medical devices industry.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, Industry Risk Reward Index, Regulatory Development, Competitive Landscape and Regional and Country Industry Overviews.

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Belgium Medical Devices Report
Product Price
$1,295.00

BMI View : The Belgian medical device market continues to perform better than average for the region, but we anticipate a slower rate of growth than in previous years . The health sector is set for a further period on austerity following the government's decision to cut the growth target for health insurance spending from 3.0% to 1.5% in 2015 and to just 0.75% in 2016 . At the same time, the rising health needs of the expanding elderly population and the drive to improve the care of patients with chronic conditions will continue to drive a steady expansion of the medical device market.

Projected Medical Device Market, 2014-2019
Total (USDmn) Per Capita (USD) Total (Local Currency mn) Per Capita (Local Currency) Exchange Rate (Local Currency/USD)
Source: BMI
2014 2,606.7 233.9 1,945.3 174.6 0.75
2015 2,226.6 199.1 2,024.2 181.0 0.91
2016 2,270.7 202.3 2,122.2 189.1 0.93
2017 2,454.0 218.0 2,230.9 198.1 0.91
2018 2,711.1 240.0 2,357.5 208.7 0.87
2019 2,977.3 262.8 2,481.1 219.0 0.83

Latest Updates & Key Forecasts

  • We forecast that the medical device market will grow at a 2014-2019 CAGR of 2.7% in US dollar terms, reaching USD3.0bn in 2019. The low dollar grow rate reflects a weak euro, which will result in a contraction in the market in 2015 before a return to growth in 2016.

  • We expect import performance to continue to be affected by the weak euro in the short term. Imports contracted by 8.5% in the three months to August 2015 and by 2.9% over the 12 month period in US dollar terms.

  • We expect export performance to pick up again as demand increases from other eurozone countries. Exports were down by 3.3% in the three months to August 2015 and by 1.0% in the 12 month period.

  • Medical device companies will have to cope with increasing austerity and further cost containment measures in 2016, as a result of a further tightening of government fiscal policy. In October 2015, the Belgian government reached an agreement on the healthcare budget for 2016 that amounts to an increase of just 0.75% y-o-y. This compares to a budgeted increase of 1.5% in 2015.

BMI Industry View
9
SWOT
13
Medical Device Market
13
Political
14
Economic
15
Industry Forecast
16
Medical Device Market Forecast
16
2014-2019 Performance
16
Table: Projected Medical Device Market, 2014-2019
17
2009-2014 Performance
18
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
19
Consumables Market Forecast
24
Bandages & Dressings
24
Suturing Materials
24
Syringes, Needles & Catheters
25
Other Consumables
25
Table: Consumables Market, 2009-2019 (USDmn)
26
Table: Consumables Market, 2010-2019 (USDmn, % Change)
27
Diagnostic Imaging Market Forecast
28
Electrodiagnostic Apparatus
29
Radiation Apparatus
30
Imaging Parts & Accessories
30
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
32
Table: Diagnostic Imaging Market, 2010-2019 (USDmn, % Change)
33
Dental Products Market Forecast
35
Capital Equipment
35
Instruments & Supplies
35
Table: Dental Products Market, 2009-2019 (USDmn)
36
Table: Dental Products Market, 2010-2019 (USDmn, % Change)
37
Orthopaedics & Prosthetics Market Forecast
39
Fixation Devices
39
Artificial Joints
40
Other Artificial Body Parts
40
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
40
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn, % Change)
41
Patient Aids Market Forecast
42
Portable Aids
42
Therapeutic Appliances
43
Table: Patient Aids Market, 2009-2019 (USDmn)
43
Table: Patient Aids Market, 2010-2019 (USDmn, % Change)
44
Other Medical Devices Market Forecast
46
Table: Other Medical Devices Market, 2009-2019 (USDmn)
47
Table: Other Medical Devices Market, 2010-2019 (USDmn, % Change)
47
Annual Medical Device Imports
50
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
54
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s, % Change)
55
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
56
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s, % Change)
57
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
59
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
60
Table: Detailed Medical Device Import Trends By Product Area, 2014
63
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
66
Monthly Medical Device Imports
70
Table: Monthly Medical Device Imports By Product Area, June 2012-June 2015 (USDmn)
70
Annual Medical Device Exports
73
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
78
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s, % Change)
79
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
80
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s, % Change)
81
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
83
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
84
Table: Detailed Medical Device Export Trends By Product Area, 2014
87
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
90
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
93
Monthly Medical Device Exports
96
Table: Monthly Medical Device Exports By Product Area, June 2012 - June 2015 (USDmn)
96
Macroeconomic Forecasts
99
Economic Analysis
99
Table: Economic Activity (Belgium 2010-2019)
104
Industry Risk/Reward Index
105
Industry Risk Reward Index
105
Table: WE Medical Device Risk/Reward Index, Q415
106
Market Overview
107
Medical Device Market Overview
107
Table: Medical Device Market, Key Ratios, 2014
109
Table: Medical Device Market By Product Area, 2014
109
Healthcare Overview
110
Health Status
110
Healthcare System
111
Healthcare Funding
116
Healthcare Resources
118
Table: Diagnostic Imaging Technology In Hospitals By Type, 2008-2013
119
Healthcare Activity
120
Healthcare Personnel
120
Key Healthcare Data
120
Table: Key Healthcare Data, 2009-2014
120
Industry Trends And Developments
123
Industry Trends & Developments
123
Regulatory Development
136
Medical Device Regulations
136
Competent Authority
136
Notified Bodies
136
Regulatory Developments
136
Market Vigilance
137
EU Medical Device Regulations
138
Designated Authorities
138
Existing Regulations
139
Proposed Regulatory Changes
140
Implications For The Industry
143
Medical Device Pricing & Reimbursement
146
Reimbursement
146
Reimbursement - Implantable Devices
146
Health Technology Assessment
150
Competitive Landscape
152
Domestic Medical Device Production
152
Production Reported By Eurostat
152
Table: Medical Device Production By Product Area, 2010-2014 (EURmn)
152
Table: Detailed Medical Device Production By Product Area, 2010-2014 (EURmn)
153
Table: Detailed Medical Device Production By Product Area, 2010-2014 (USDmn)
156
Production Reported By Ministry Of Economy
159
Table: Production Of Medical & Surgical Equipment, 2003-2007 (EUR000s)
159
Domestic Medical Device Manufacturing
160
National Medical Device Manufacturers
161
Table: Agfa Healthcare, Key Financials, 2010-2014 (EURmn)
162
Table: IBA Turnover By Product Area, 2011-2014 (EUR000)
165
Multinational Medical Device Manufacturers
170
Multinational Market Activity
173
Table: Multinational Market Activity, 2015
173
Medical Device Market Access
175
Market Environment
175
Distribution
175
Trade Associations
177
Trade Fairs
177
Methodology
178
Forecast Methodology
178
Trade Code Classifications
179
Table: Rearranged HS Trade Codes
180
Risk/Reward Index Methodology
183
Table: Medical Devices Risk/Reward Index Indicators
184
Sources
186
Contact
187

The Belgium Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a BMI Research's company. These forecasts and estimates focus on six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices.

Detailed product breakdown for market, trade and production data in Belgium provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the Belgium Medical Devices industry.

Key Benefits

  • Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for Belgium, to test analysis as it is a key input for budgeting and strategic business planning. Use our standardised data to gain a better understanding of market performance in Belgium.
  • Target Business Opportunities in the Belgium Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in Belgium.
  • Assess the activities and market position of your competitors via our assessments of domestic production, national and multinational manufacturers, along with the trade and distribution outlets of multinationals, key company developments and future growth prospects.

Coverage

BMI Industry View

Provides industry, political and economic views. Briefly analyses the medical devices market, taking into account the latest industry forecasts, healthcare indicators and industry trends & developments.

SWOT

SWOT analyses of the medical devices market, the political environment, the economic landscape and the business environment.

Industry Forecasts

Evaluates and analyses the medical devices market in terms of historical and forecast trends, covering six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices. Additionally, presents annual and monthly import and export trade data.

Macroeconomic Forecasts

Presents macroeconomic forecasts impacting the medical devices market.

Industry Risk Reward Index

Risk Reward Indices tool, which provides a globally comparative and numerically based assessment of the medical devices market’s attractiveness.

Market Overview

Assesses the medical devices market in the current year. Additionally, covers healthcare trends shaping the market, focusing on health status, healthcare system, healthcare funding, healthcare resources, healthcare activity and healthcare personnel. Includes historical healthcare data.

Industry Trends & Developments

Analyses the latest industry trends and developments shaping the market, in terms of monthly trade performance, forecast trends, production changes, regulatory developments, competitive strategies, political events and economic performance.

Regulatory developments

A focus on government healthcare reforms, epidemiological trends, mergers and acquisitions, product launches, market entries, FDI activity, R&D, biotechnology, clinical trials and supply chain issues.

Competitive Landscape

Values historical medical devices production, and analyses the presence of national and multinational manufacturers operating in the market. Also, compares the presence of leading multinational company operations, either via sales & marketing, distribution or manufacture. Finally, takes into account market access drivers, including major distribution channels, trade associations and trade shows.

Methodology

Carefully explains the medical devices market methodology, trade classifications, Risk Reward Index methodology and sources used in the medical devices market Report.