Belgium Medical Devices Report

Published 27 May 2015

  • 185 pages
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  • Includes 3 free updated quarterly reports
$1,295.00
Belgium Medical Devices Report

BMI Industry View : Belgium remains one of the fastest growing markets in Western Europe (WE) with a US dollar CAGR of 3.4 % forecast for the 2013-2018 period . The rising health needs of the expanding elderly population and the current drive to improve the care of patients with chronic conditions should result in a steady expansion of the medical device market, although cost containment measures such as the increasing use of cost benefit analysis to determine reimbursement policies and proposed price fixing for implants and other reimbursable medical devices will constrain growth rates to some extent.

Headline Industry Forecasts

  • The medical device market in 2013 was estimated at USD2.5bn, equal to USD223 per capita. The market is expected to grow by a 2013-2018 US dollar CAGR of 3.4%, reaching USD2.9bn in 2018.

  • Medical device imports supply around 80% of the market. Between 2008 and 2013, medical device imports grew at a CAGR of 8.6% in euros and 6.2% in US dollars. The running annual import total reached USD11.4bn in the 12 months to January 2015, representing y-o-y dollar growth of 9.9%. The weakening euro against the US dollar has had a significant impact on US dollar growth rates in recent months and we believe that import growth during 2015 will continue to be affected by euro depreciation. Less than a quarter of imports are destined for the domestic market; the majority are re-exported.

  • Between 2008 and 2013, medical device exports grew at a CAGR of 9.6% in euros and 7.2% in US dollars. The running annual export total amounted to USD13.6bn in the 12 months to January 2015, representing y-o-y growth of 17.4%. More recently, exports have been impacted by the falling value of the euro against the US dollar. We believe that while exports will continue to register steady growth in 2015, the ongoing deprecation of the euro will weigh on US dollar values. Belgium has a sizeable balance of trade surplus, which peaked at USD2.7bn in 2010, but has...

BMI Industry View
9
SWOT
13
Medical Device Market
13
Political
14
Economic
15
Industry Forecast
16
Medical Device Market Forecast
16
2008-2013 Performance
16
2013-2018 Performance
18
Table: Projected Medical Device Market, 2013-2018
19
Table: Detailed Medical Device Market By Product Area, 2008-2018 (USDmn)
20
Consumables Market Forecast
23
Bandages & Dressings
24
Suturing Materials
24
Syringes, Needles & Catheters
24
Other Consumables
24
Table: Consumables Market, 2008-2018 (USDmn)
25
Table: Consumables Market, 2009-2018 (USDmn, % Change)
26
Diagnostic Imaging Market Forecast
27
Electrodiagnostic Apparatus
28
Radiation Apparatus
30
Imaging Parts & Accessories
30
Table: Diagnostic Imaging Market, 2008-2018 (USDmn)
31
Table: Diagnostic Imaging Market, 2009-2018 (USDmn, % Change)
32
Dental Products Market Forecast
33
Capital Equipment
34
Instruments & Supplies
34
Table: Dental Products Market, 2008-2018 (USDmn)
34
Table: Dental Products Market, 2009-2018 (USDmn, % Change)
35
Orthopaedics & Prosthetics Market Forecast
36
Fixation Devices
37
Artificial Joints
37
Other Artificial Body Parts
37
Table: Orthopaedics & Prosthetics Market, 2008-2018 (USDmn)
38
Table: Orthopaedics & Prosthetics Market, 2009-2018 (USDmn, % Change)
38
Patient Aids Market Forecast
39
Portable Aids
40
Therapeutic Appliances
40
Table: Patient Aids Market, 2008-2018 (USDmn)
40
Belgium Medical Devices Report Q3 2015
Belgium Medical Devices Report Q3 2015
- Business Monitor International Ltd Page 4
- Business Monitor International Ltd Page 4
Table: Patient Aids Market, 2009-2018 (USDmn, % Change)
41
Other Medical Devices Market Forecast
42
Table: Other Medical Devices Market, 2008-2018 (USDmn)
43
Table: Other Medical Devices Market, 2009-2018 (USDmn, % Change)
44
Annual Medical Device Imports
45
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s)
48
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s, % Change)
49
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
50
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s, % Change)
51
Table: Top 20 Medical Device Suppliers, 2013 (USD000s)
54
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (USD000s)
55
Table: Detailed Medical Device Import Trends By Product Area, 2013
58
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (USD000s)
61
Monthly Medical Device Imports
65
Table: Monthly Medical Device Imports By Product Area, December 2011-January 2015 (USDmn)
65
Annual Medical Device Exports
68
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s)
72
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s, % Change)
73
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
74
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s, % Change)
75
Table: Top 20 Medical Device Destinations, 2013 (USD000s)
77
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (USD000s)
78
Table: Detailed Medical Device Export Trends By Product Area, 2013
81
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (USD000s)
84
Table: Detailed Medical Device Trade Balance, 2009-2013 (USD000s)
87
Monthly Medical Device Exports
91
Table: Monthly Medical Device Exports By Product Area, December 2011 - January 2015 (USDmn)
91
Macroeconomic Forecasts
94
Economic Analysis
94
Table: GDP By Expenditure (Belgium 2012-2019)
98
Industry Risk/Reward Index
99
Industry Risk Reward Index
99
Table: WE Medical Device Risk/Reward Index, Q315
100
Market Overview
101
Medical Device Market Overview
101
Table: Medical Device Market, Key Ratios, 2013
103
Table: Medical Device Market By Category, 2013
103
Healthcare Overview
104
Health Status
104
Healthcare System
105
Healthcare Funding
110
Healthcare Resources
112
Table: Diagnostic Imaging Technology By Type, 2007-2012
114
Healthcare Activity
114
Healthcare Personnel
114
Belgium Medical Devices Report Q3 2015
Belgium Medical Devices Report Q3 2015
- Business Monitor International Ltd Page 5
- Business Monitor International Ltd Page 5
Key Healthcare Data
115
Table: Key Healthcare Data, 2009-2014
115
Industry Trends And Developments
118
Industry Trends & Developments
118
Regulatory Development
131
Medical Device Regulations
131
Competent Authority
131
Notified Bodies
131
Regulatory Developments
131
Market Vigilance
132
EU Medical Device Regulations
133
Designated Authorities
133
Existing Regulations
133
Proposed Regulatory Changes
135
Implications For The Industry
138
Medical Device Pricing & Reimbursement
140
Reimbursement
140
Reimbursement - Implantable Devices
140
Health Technology Assessment
144
Competitive Landscape
146
Domestic Medical Device Production
146
Production Reported By Eurostat
146
Table: Medical Device Production By Product Area, 2009-2013 (EURmn)
146
Table: Detailed Medical Device Production By Product Area, 2009-2013 (EURmn)
147
Table: Detailed Medical Device Production By Product Area, 2009-2013 (USDmn)
150
Table: Detailed Medical Device Production By Product Area, 2009-2013 (% Total)
153
Production Reported By Ministry Of Economy
156
Table: Production Of Medical & Surgical Equipment, 2003-2007 (EUR000s)
156
Domestic Medical Device Manufacturing
157
National Medical Device Manufacturers
158
Table: Agfa Healthcare, Key Financials, 2010-2014 (EURmn)
159
Table: IBA Turnover By Product Area, 2011-2014 (EUR000)
162
Multinational Medical Device Manufacturers
167
Multinational Market Activity
170
Table: Multinational Market Activity, 2015
170
Medical Device Market Access
172
Market Environment
172
Distribution
172
Trade Associations
174
Trade Fairs
174
Methodology
175
Forecast Methodology
175
Belgium Medical Devices Report Q3 2015
Belgium Medical Devices Report Q3 2015
- Business Monitor International Ltd Page 6
- Business Monitor International Ltd Page 6
Trade Code Classifications
176
Table: Used HS Trade Codes
176
Table: Rearranged HS Trade Codes
178
Risk/Reward Index Methodology
181
Table: Medical Devices Risk/Reward Index Indicators
182
Sources
184
Contact
185

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.

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