Business Monitor International


Belgium Medical Devices Report

Published 24 October 2014

  • 168 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

Espicom 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$10.9bn in the 12 months to June 2014, representing y-o-y dollar growth of 16.3%. 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$12.3bn in the 12 months to June 2014, representing y-o-y growth of 15.6%. Belgium has a sizeable balance of trade surplus, which peaked at US$2.7bn in 2010, but has since fallen to US$1.1bn.

  • 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 seventh...

Table of Contents

Espicom Industry View
9
SWOT
13
Medical Device Market
13
Political
14
Economic
15
Industry Forecast
16
Medical Device Market Forecast
16
Past Performance 2008-2013
16
Future Performance 2013-2018
17
Table: Projected Medical Device Market, 2013-2018
18
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
19
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$ Per Capita)
23
Table: Detailed Medical Device Market By Product Area, 2008-2018 (% Of Total)
26
Table: Detailed Medical Device Market By Product Area, 2009-2018 (US$mn, % Change)
29
Consumables Market Forecast
32
Table: Consumables Market, 2008-2018 (US$mn)
33
Table: Consumables Market, 2008-2018 (US$ Per Capita)
34
Table: Consumables Market, 2009-2018 (US$mn, % Change)
35
Diagnostic Imaging Market Forecast
37
Electrodiagnostic Sector
38
Radiology Sector
38
Imaging Parts & Accessories
39
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
39
Table: Diagnostic Imaging Market, 2008-2018 (US$ Per Capita)
40
Table: Diagnostic Imaging Market, 2009-2018 (US$mn, % Change)
41
Dental Products Market Forecast
43
Table: Dental Products Market, 2008-2018 (US$mn)
44
Table: Dental Products Market, 2008-2018 (US$ Per Capita)
45
Table: Dental Products Market, 2009-2018 (US$mn, % Change)
46
Orthopaedics & Prosthetics Market Forecast
48
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
49
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$ Per Capita)
50
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn, % Change)
50
Patient Aids Market Forecast
52
Table: Patient Aids Market, 2008-2018 (US$mn)
53
Table: Patient Aids Market, 2008-2018 (US$ Per Capita)
54
Table: Patient Aids Market, 2009-2018 (US$mn, % Change)
55
Other Medical Devices Market Forecast
57
Table: Other Medical Devices Market, 2008-2018 (US$mn)
58
Table: Other Medical Devices Market, 2008-2018 (US$ Per Capita)
59
Table: Other Medical Devices Market, 2009-2018 (US$mn, % Change)
60
Annual Medical Device Imports
62
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s)
66
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s, % Change)
67
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s)
68
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s, % Change)
69
Table: Medical Device Imports By Product Area, 2008-2012 (% Distribution)
71
Table: Leading Medical Device Suppliers By Product Area, 2012 (US$000s)
74
Table: Leading Medical Device Suppliers By Product Area, 2012 (% Distribution)
75
Table: Top 20 Medical Device Suppliers, 2012 (US$000s)
76
Table: Detailed Medical Device Imports By Product Area, 2008-2012 (US$000s)
77
Table: Detailed Medical Device Import Trends By Product Area, 2012
80
Table: Detailed Leading Medical Device Suppliers By Product Area, 2012 (US$000s)
84
Monthly Medical Device Imports
87
Table: Monthly Medical Device Imports, December 2010-November 2013 (US$mn)
87
Annual Medical Device Exports
89
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s)
94
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s, % Change)
95
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s)
96
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s, % Change)
97
Table: Medical Device Exports By Product Area, 2008-2012 (% Distribution)
98
Table: Leading Medical Device Destinations By Product Area, 2012 (US$000s)
101
Table: Leading Medical Device Destinations By Product Area, 2012 (% Distribution)
102
Table: Top 20 Medical Device Destinations, 2012 (US$000s)
103
Table: Detailed Medical Device Exports By Product Area, 2008-2012 (US$000s)
104
Table: Detailed Medical Device Export Trends By Product Area, 2012
107
Table: Detailed Leading Medical Device Destinations By Product Area, 2012 (US$000s)
111
Table: Detailed Medical Device Balance Of Trade, 2008-2012 (US$000s)
114
Monthly Medical Device Exports
117
Table: Monthly Medical Device Exports, December 2010-November 2013 (US$mn)
117
Macroeconomic Forecasts
119
Economic Analysis
119
Table: Belgium - Economic Activity
123
Industry Risk Reward Ratings
124
Table: Western Europe Medical Device Risk/Reward Ratings, Q214
125
Market Overview
126
Medical Device Market Overview
126
Overview
126
Table: Medical Device Market, Key Ratios, 2013
127
The Market In 2013
128
Table: Medical Device Market By Category, 2013
128
Healthcare Overview
130
Health Status
130
Healthcare System
130
Healthcare Funding
134
Healthcare Resources
136
Table: Diagnostic Imaging Technology By Type, 2005-2011
137
Healthcare Activity
137
Healthcare Personnel
137
Key Healthcare Data
138
Table: Key Healthcare Data, 2008-2013
138
Industry Trends And Developments
141
Industry Trends & Developments
141
Regulatory Development
147
Medical Device Regulations
147
Competent Authority
147
Notified Bodies
147
Regulatory Developments
147
EU Medical Device Regulations
149
Designated Authorities
149
Existing Regulations
149
Proposed Regulatory Changes
150
Implications For The Industry
152
Medical Device Pricing & Reimbursement
152
Reimbursement
152
KCE
154
Competitive Landscape
156
Domestic Medical Device Production
156
Production Reported By Eurostat
156
Table: Medical Device Production By Product Area, 2008-2012 (EURmn)
156
Production Reported By Ministry Of Economy
157
Table: Production Of Medical & Surgical Equipment, 2003-2007 (EUR000s)
157
Domestic Medical Device Manufacturing
158
National Medical Device Manufacturers
158
Table: IBA Turnover, 2011-2013
161
Multinational Medical Device Manufacturers
164
Multinational Market Activity
166
Table: Multinational Market Activity, 2014
166
Medical Device Market Access
168
Market Environment
168
Distribution
168
Trade Associations
170
Trade Fairs
170
Methodology
171
Medical Device Market Methodology
171
Trade Code Classifications
172
Table: Used HS Trade Codes, 2014
172
Table: Rearranged HS Trade Codes, 2014
174
Risk/Reward Ratings Methodology
177
Table: Medical Devices Risk/Reward Ratings Indicators, 2014
178
Sources
179
Contact
180

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 and 40+ specific product categories. In addition, presents annual and monthly import and export trade data.

Product Areas:

  • Consumables: medical dressings, suturing materials, syringes, needles & catheters, blood-grouping reagents, first-aid boxes & kits, ostomy products and surgical gloves.
  • Diagnostic Imaging: electrocardiographs, ultrasound, MRI, scintigraphic apparatus, other electrodiagnostic apparatus (i.e. patient monitors), CT scanners, other X-ray apparatus, ABC ray apparatus, contrast media, X-ray film, X-ray tubes and other imaging parts & accessories.
  • Dental Products: dental drills, dental chairs, dental X-ray, dental cements, dental instruments and teeth & other fittings.
  • Orthopaedics & Prosthetics: fixation devices, artificial joints and other artificial body parts.
  • Patient Aids: hearing aids, pacemakers, other portable aids (i.e. stents), mechano-therapy apparatus and therapeutic respiration apparatus.
  • Other Medical Devices: wheelchairs, ophthalmic instruments, hospital furniture, medical/surgical sterilisers, UV/IF apparatus, blood pressure monitors, endoscopy monitors, dialysis apparatus, transfusion apparatus and anaesthesia apparatus.

Macroeconomic Forecasts
Presents macroeconomic forecasts impacting the Medical Devices market.

Industry Risk Rewards Rankings
Industry Risk Rewards Rankings (IRRR) 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 intelligence affecting the market, including healthcare organisation, healthcare developments and health expenditure. Includes historical healthcare data, in terms of health status, health expenditure, health infrastructure, health services and health personnel.

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
Focuses on the latest regulatory developments, covering the competent authority, the latest regulations and marketing registrations. Also, reviews key pricing & reimbursement measures.

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.

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'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.’

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