Belgium Medical Devices Report

Published 22 December 2014

  • 171 pages
  • Instant access to your report online and PDF format through your account library
  • 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 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 US$2.5bn, equal to US$223 per capita. The market is expected to grow by a 2013-2018 US dollar CAGR of 3.4%, reaching US$2.9bn 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 US$11.3bn in the 12 months to August 2014, representing y-o-y dollar growth of 18.3%. 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 US$12.8bn in the 12 months to August 2014, representing y-o-y growth of 20.3%. Belgium has a sizeable balance of trade surplus, which peaked at US$2.7bn in 2010, but has since fallen to US$1.5bn.

  • Reported medical device production is comparatively low at less than US$350mn, although total output is estimated to be three times this level. This still represents only a fraction of total medical device exports, reflecting the country's status as a distribution hub for many multinationals, particularly in the consumables and orthopaedics & prosthetics sectors.

Headline Industry Risk/Reward Rating

  • Belgium is the sixth most...

Table of Contents

Espicom Industry View
9
SWOT
12
Medical Device Market
12
Economic
13
Political
14
Industry Forecast
15
Medical Device Market Forecast
15
2008-2013 Performance
15
2013-2018 Performance
17
Table: Projected Medical Device Market, 2013-2018
18
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
19
Consumables Market Forecast
22
Bandages & Dressings
23
Suturing Materials
23
Syringes, Needles & Catheters
23
Other Consumables
23
Table: Consumables Market, 2008-2018 (US$mn)
24
Table: Consumables Market, 2009-2018 (US$mn, % Change)
25
Diagnostic Imaging Market Forecast
26
Electrodiagnostic Apparatus
27
Radiation Apparatus
28
Imaging Parts & Accessories
28
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
29
Table: Diagnostic Imaging Market, 2009-2018 (US$mn, % Change)
30
Dental Products Market Forecast
31
Capital Equipment
32
Instruments & Supplies
32
Table: Dental Products Market, 2008-2018 (US$mn)
32
Table: Dental Products Market, 2009-2018 (US$mn, % Change)
33
Orthopaedics & Prosthetics Market Forecast
34
Fixation Devices
35
Artificial Joints
35
Other Artificial Body Parts
35
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
36
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn, % Change)
36
Patient Aids Market Forecast
37
Portable Aids
38
Therapeutic Appliances
38
Table: Patient Aids Market, 2008-2018 (US$mn)
38
Table: Patient Aids Market, 2009-2018 (US$mn, % Change)
39
Other Medical Devices Market Forecast
40
Table: Other Medical Devices Market, 2008-2018 (US$mn)
41
Table: Other Medical Devices Market, 2009-2018 (US$mn, % Change)
42
Annual Medical Device Imports
43
Table: Medical Device Imports By Product Area, 2009-2013 (US$000s)
46
Table: Medical Device Imports By Product Area, 2009-2013 (US$000s, % Change)
47
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
48
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s, % Change)
49
Table: Top 20 Medical Device Suppliers, 2013 (US$000s)
52
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (US$000s)
53
Table: Detailed Medical Device Import Trends By Product Area, 2013
56
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (US$000s)
59
Monthly Medical Device Imports
62
Table: Monthly Medical Device Imports By Product Area, July 2011-June 2014 (US$mn)
63
Annual Medical Device Exports
64
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s)
68
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s, % Change)
69
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
70
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s, % Change)
71
Table: Top 20 Medical Device Destinations, 2013 (US$000s)
73
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (US$000s)
74
Table: Detailed Medical Device Export Trends By Product Area, 2013
77
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (US$000s)
80
Table: Detailed Medical Device Trade Balance, 2009-2013 (US$000s)
83
Monthly Medical Device Exports
87
Table: Monthly Medical Device Exports By Product Area, July 2011 - June 2014 (US$mn)
87
Macroeconomic Forecasts
90
Economic Analysis
90
Table: BELGIUM - ECONOMIC ACTIVITY
93
Industry Risk Reward Ratings
94
Table: WE Medical Device Risk/Reward Ratings, Q414
95
Market Overview
96
Medical Device Market Overview
96
Table: Medical Device Market, Key Ratios, 2013
97
Table: Medical Device Market By Category, 2013
98
Healthcare Overview
99
Health Status
99
Healthcare System
99
Healthcare Funding
103
Healthcare Resources
105
Table: Diagnostic Imaging Technology By Type, 2005-2011
106
Healthcare Activity
106
Healthcare Personnel
106
Key Healthcare Data
107
Table: Key Healthcare Data, 2008-2013
107
Industry Trends And Developments
110
Industry Trends & Developments
110
Regulatory Development
117
Medical Device Regulations
117
Competent Authority
117
Notified Bodies
117
Regulatory Developments
117
EU Medical Device Regulations
119
Designated Authorities
119
Existing Regulations
119
Proposed Regulatory Changes
120
Implications For The Industry
122
Medical Device Pricing & Reimbursement
124
Reimbursement
124
KCE
126
Competitive Landscape
128
Domestic Medical Device Production
128
Production Reported By Eurostat
128
Table: Medical Device Production By Product Area, 2009-2013 (EURmn)
128
Table: Detailed Medical Device Production By Product Area, 2009-2013 (EURmn)
129
Table: Detailed Medical Device Production By Product Area, 2009-2013 (US$mn)
132
Table: Detailed Medical Device Production By Product Area, 2009-2013 (% Total)
135
Production Reported By Ministry Of Economy
138
Table: Production Of Medical & Surgical Equipment, 2003-2007 (EUR000s)
138
Domestic Medical Device Manufacturing
139
National Medical Device Manufacturers
140
Table: Agfa Healthcare, Key Financials, 2009-2013 (EURmn)
141
Table: IBA Turnover, 2011-2013 (EUR000)
143
Multinational Medical Device Manufacturers
148
Multinational Market Activity
150
Table: Multinational Market Activity, 2014
150
Medical Device Market Access
152
Market Environment
152
Distribution
152
Trade Associations
154
Trade Fairs
154
Methodology
155
Medical Device Market Methodology
155
Trade Code Classifications
156
Table: Used HS Trade Codes, 2014
156
Table: Rearranged HS Trade Codes, 2014
158
Risk/Reward Ratings Methodology
161
Table: Medical Devices Risk/Reward Ratings Indicators, 2014
162
Sources
163
Contact
164

The Belgium Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a Business Monitor International (BMI) 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.

secure
Benefit from discounts when you add multiple products to your basket
2 Products SAVE 10%
3 Products SAVE 15%
4 Products SAVE 20%
5 Products SAVE 25%
6 Products SAVE 30%
7 - 20 Products SAVE 35%
21 Products or more SAVE 40%

Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc