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 5.9% in the three months to October 2015 and by 3.2% over the 12 month period in US dollar terms. In euro terms, imports were up by 8.9% over the three months and 15.1% over the 12 month period.

  • We expect export performance to pick up again as demand increases from other eurozone countries. Exports were down by 12.2% in the three months to October 2015 and by 6.7% in the 12 month period. In euro terms, exports rose by 1.4% in the three months and by 10.8% over the year.

  • Ion Beam Applications (IBA) has announced it will increase its headcount over the next 12 months in order to deliver on recorded proton therapy orders. This will provide 200 additional jobs in Belgium for engineers and other qualified staff as part of IBA's growth strategy, which will boost employment in the domestic industry.

BMI Industry View
9
Table: Projected Medical Device Market, 2014-2019
9
Latest Updates & Key Forecasts
9
SWOT
10
Medical Device Market
10
Industry Forecast
12
Medical Device Market Forecast
12
Latest Updates
12
Structural Trends
12
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
15
Consumables Market Forecast
20
Latest Updates
20
Structural Trends
20
Bandages & Dressings
20
Suturing Materials
20
Syringes, Needles & Catheters
21
Other Consumables
21
Table: Consumables Market, 2009-2019 (USDmn)
22
Table: Consumables Market, 2010-2019 (USDmn, % Change)
23
Diagnostic Imaging Market Forecast
25
Latest Updates
25
Structural Trends
25
Electrodiagnostic Apparatus
25
Radiation Apparatus
26
Imaging Parts & Accessories
27
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
28
Table: Diagnostic Imaging Market, 2010-2019 (USDmn, % Change)
29
Dental Products Market Forecast
31
Latest Updates
31
Structural Trends
31
Capital Equipment
31
Instruments & Supplies
31
Table: Dental Products Market, 2009-2019 (USDmn)
32
Table: Dental Products Market, 2010-2019 (USDmn, % Change)
33
Orthopaedics & Prosthetics Market Forecast
35
Latest Updates
35
Structural Trends
35
Fixation Devices
36
Artificial Joints
36
Other Artificial Body Parts
36
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
37
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn, % Change)
37
Patient Aids Market Forecast
39
Latest Updates
39
Structural Trends
39
Portable Aids
39
Therapeutic Appliances
40
Table: Patient Aids Market, 2009-2019 (USDmn)
40
Table: Patient Aids Market, 2010-2019 (USDmn, % Change)
41
Other Medical Devices Market Forecast
43
Latest Updates
43
Structural Trends
43
Table: Other Medical Devices Market, 2009-2019 (USDmn)
44
Table: Other Medical Devices Market, 2010-2019 (USDmn, % Change)
45
Annual Medical Device Imports
47
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
51
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
52
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
54
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
55
Table: Detailed Medical Device Import Trends By Product Area, 2014
58
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
61
Monthly Medical Device Imports
65
Table: Monthly Medical Device Imports By Product Area, Year Ending October 2015 (USDmn)
65
Annual Medical Device Exports
66
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
70
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
71
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
73
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
74
Table: Detailed Medical Device Export Trends By Product Area, 2014
77
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
80
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
83
Monthly Medical Device Exports
86
Table: Monthly Medical Device Exports By Product Area, Year Ending October 2015 (USDmn)
86
Industry Risk/Reward Index
87
Industry Risk Reward Index
87
Table: WE Medical Device Risk/Reward Index, Q216
88
Market Overview
89
Medical Device Market Overview
89
Table: Medical Device Market, Key Ratios, 2014
89
Table: Medical Device Market By Product Area, 2014
90
Healthcare Overview
91
Health Status
91
Healthcare System
91
Healthcare Funding
95
Healthcare Resources
96
Table: Diagnostic Imaging Technology In Hospitals By Type, 2008-2013
97
Healthcare Activity
98
Healthcare Personnel
98
Key Healthcare Data
99
Table: Key Healthcare Data, 2010-2015
99
Industry Trends And Developments
101
Industry Trends & Developments
101
Regulatory Development
111
Medical Device Regulations
111
Competent Authority
111
Notified Bodies
111
Regulatory Developments
111
Market Vigilance
112
EU Medical Device Regulations
113
Designated Authorities
113
Existing Regulations
113
Proposed Regulatory Changes
114
Medical Device Pricing & Reimbursement
117
Reimbursement
117
Reimbursement - Implantable Devices
117
Health Technology Assessment
121
Competitive Landscape
123
Domestic Medical Device Production
123
Production Reported By Eurostat
123
Table: Medical Device Production By Product Area, 2010-2014 (EURmn)
123
Table: Detailed Medical Device Production By Product Area, 2010-2014 (EURmn)
124
Table: Detailed Medical Device Production By Product Area, 2010-2014 (USDmn)
127
Production Reported By Ministry Of Economy
130
Table: Production Of Medical & Surgical Equipment, 2003-2007 (EUR000s)
130
Domestic Medical Device Manufacturing
131
National Medical Device Manufacturers
132
Agfa HealthCare
132
Table: Agfa Healthcare, Key Financials, 2010-2014 (EURmn)
132
Beldico
133
Celyad
133
Endo Tools Therapeutics
134
Ion Beam Applications
134
Table: IBA Turnover By Product Area, 2011-2014 (EUR000)
135
Medsys
135
Orfit Industries
136
PhysIOL
136
Sibel
136
SMI
137
Other Manufacturers
137
Multinational Medical Device Manufacturers
138
Alcon-Couvreur
138
Baxter
138
LivaNova
138
MGC Diagnostics
139
Molnycke
139
Terumo
139
Vygon
140
Multinational Market Activity
140
Table: Multinational Market Activity, 2016
140
Medical Device Market Access
144
Market Environment
144
Distribution
144
Trade Associations
145
Trade Fairs
145
Methodology
147
Forecast Methodology
147
Trade Code Classifications
148
Table: Rearranged HS Trade Codes
149
Risk/Reward Index Methodology
152
Table: Medical Devices Risk/Reward Index Indicators
153
Sources
155
Contact
156

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.