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The Medical Device Market: Belgium

  • January 2014
  • -
  • Espicom Business Intelligence
  • -
  • 168 pages


OVERVIEW OF THE MEDICAL MARKET IN BELGIUM
The Belgian market for medical equipment and supplies is valued at US$2 2 billion in 2012, equal to US$207 per capita

With GDP per capita in the region of US$43,600 in 2013, Belgium is one of the wealthier EU countries and has one of the most open economies in the world There are, however, marked differences between the three largely autonomous regions of Brussels, Flanders and Wallonia, which between them have a combined population of around 11 million

Belgium’s six-party coalition government under the premiership of Elio Di Rupo has entered its second year Major differences over the devolution of power to the regional governments and taxation issues hampered the formation of a new government after the general election in June 2010 The wealthier Flemish community has long campaigned for healthcare to be funded separately by the regions on the basis that Flanders is subsidising over-consumption in the francophone community

The country's federal structure has resulted in a rather complex system of healthcare administration, with no less than six ministers responsible for health matters at either federal, regional or community level, which complicates the development of a coherent healthcare policy However, faced with a rising social security deficit, the government has gradually strengthened its role in controlling health expenditure

Healthcare provision is generally good and of high quality, although there is still an over-reliance on hospital services, two thirds of which are provided by the private sector Efforts are focusing on improving access to care for chronically-ill patients in general, and on improving the level of care for key patient groups by promoting a more co-ordinated approach between GPs and specialists

Belgium has one of the highest rates of health spending in Western Europe Previous governments were committed to increasing health expenditure by 4 5% in real terms, although in recent years health budgets have been under spent with funds held in reserve or used to pay off the deficit in other parts of the social security system

In March 2012, the federal government approved additional cuts in healthcare spending of 61 3 million euros (US%76 6 million), in response to the deteriorating economic situation The target for real health expenditure growth in future years has been lowered from 4 5% to 2 0%

The health budget for 2013 has been set up 26 33 billion euros (US$32 9 million), a rise of 3 0% over the revised budget of 25 56 billion euros (US$32 0 million) set for 2012

Medical device production is comparatively low and imports account for a large percentage of the market Belgium lies at the heart of the EU and is used as a distribution centre by numerous multinational companies, which re-export to other parts of Europe

Table Of Contents

The Medical Device Market: Belgium
Espicom Industry View 7
Espicom Industry View 7
SWOT 10
Medical Device Market 10
Political 11
Economic 12
Industry Forecast 13
Medical Device Market Forecast 13
Past Performance 2008-2013 13
Future Performance 2013-2018 14
Table: Projected Medical Device Market, 2013-2018 15
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn) 16
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$ Per Capita) 20
Table: Detailed Medical Device Market By Product Area, 2008-2018 (% Of Total) 23
Table: Detailed Medical Device Market By Product Area, 2009-2018 (US$mn, % Change) 26
Consumables Market Forecast 29
Table: Consumables Market, 2008-2018 (US$mn) 30
Table: Consumables Market, 2008-2018 (US$ Per Capita) 31
Table: Consumables Market, 2009-2018 (US$mn, % Change) 32
Diagnostic Imaging Market Forecast 34
Electrodiagnostic Sector 35
Radiology Sector 35
Imaging Parts and Accessories 36
Table: Diagnostic Imaging Market, 2008-2018 (US$mn) 36
Table: Diagnostic Imaging Market, 2008-2018 (US$ Per Capita) 37
Table: Diagnostic Imaging Market, 2009-2018 (US$mn, % Change) 38
Dental Products Market Forecast 40
Table: Dental Products Market, 2008-2018 (US$mn) 41
Table: Dental Products Market, 2008-2018 (US$ Per Capita) 42
Table: Dental Products Market, 2009-2018 (US$mn, % Change) 43
Orthopaedics and Prosthetics Market Forecast 45
Table: Orthopaedics and Prosthetics Market, 2008-2018 (US$mn) 46
Table: Orthopaedics and Prosthetics Market, 2008-2018 (US$ Per Capita) 47
Table: Orthopaedics and Prosthetics Market, 2009-2018 (US$mn, % Change) 47
Patient Aids Market Forecast 49
Table: Patient Aids Market, 2008-2018 (US$mn) 50
Table: Patient Aids Market, 2008-2018 (US$ Per Capita) 51
Table: Patient Aids Market, 2009-2018 (US$mn, % Change) 52
Other Medical Devices Market Forecast 54
Table: Other Medical Devices Market, 2008-2018 (US$mn) 55
Table: Other Medical Devices Market, 2008-2018 (US$ Per Capita) 56
4
Table: Other Medical Devices Market, 2009-2018 (US$mn, % Change) 57
Annual Medical Device Imports 59
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s) 63
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s, % Change) 64
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s) 65
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s, % Change) 66
Table: Medical Device Imports By Product Area, 2008-2012 (% Distribution) 68
Table: Leading Medical Device Suppliers By Product Area, 2012 (US$000s) 71
Table: Leading Medical Device Suppliers By Product Area, 2012 (% Distribution) 72
Table: Top 20 Medical Device Suppliers, 2012 (US$000s) 73
Table: Detailed Medical Device Imports By Product Area, 2008-2012 (US$000s) 74
Table: Detailed Medical Device Import Trends By Product Area, 2012 77
Table: Detailed Leading Medical Device Suppliers By Product Area, 2012 (US$000s) 81
Monthly Medical Device Imports 84
Table: Monthly Medical Device Imports, September 2010-August 2013 (US$mn) 84
Annual Medical Device Exports 86
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s) 91
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s, % Change) 92
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s) 93
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s, % Change) 94
Table: Medical Device Exports By Product Area, 2008-2012 (% Distribution) 95
Table: Leading Medical Device Destinations By Product Area, 2012 (US$000s) 98
Table: Leading Medical Device Destinations By Product Area, 2012 (% Distribution) 99
Table: Top 20 Medical Device Destinations, 2012 (US$000s) 100
Table: Detailed Medical Device Exports By Product Area, 2008-2012 (US$000s) 101
Table: Detailed Medical Device Export Trends By Product Area, 2012 104
Table: Detailed Leading Medical Device Destinations By Product Area, 2012 (US$000s) 108
Table: Detailed Medical Device Balance Of Trade, 2008-2012 (US$000s) 111
Monthly Medical Device Exports 114
Table: Monthly Medical Device Exports, September 2010-August 2013 (US$mn) 114
Macroeconomic Forecasts 116
Economic Activity 116
Table: Belgium - Economic Activity 119
Industry Risk Reward Ratings 120
Industry Risk Reward Ratings 120
Table: Espicom Analysis of the Medical Device Market, 2013 120
Market Overview 122
Medical Device Market Overview 122
Overview 122
Table: Medical Device Market, Key Ratios, 2013 123
The Market In 2013 124
Table: Medical Device Market By Category, 2013 124
Healthcare Overview 126
Healthcare System 126
Health Insurance 129
Health Expenditure 130
5
Medical Technology 131
Table: Diagnostic Imaging Technology By Type, 2005-2011 131
Key Data 132
Table: Key Data, 2008-2013 132
Industry Trends And Developments 135
Industry Trends and Developments 135
Regulatory Development 141
Medical Device Regulations 141
Competent Authority 141
Notified Bodies 141
Regulatory Developments 141
Medical Device Pricing and Reimbursement 143
Reimbursement 143
KCE 145
Competitive Landscape 147
Domestic Medical Device Production 147
Production Reported By Eurostat 147
Table: Medical Device Production By Product Area, 2008-2012 (EURmn) 147
Production Reported By Ministry Of Economy 148
Table: Production Of Medical and Surgical Equipment, 2003-2007 (EUR000s) 148
Domestic Medical Device Manufacturing 149
National Medical Device Manufacturers 149
Multinational Medical Device Manufacturers 154
Multinational Market Activity 156
Table: Multinational Market Activity, 2013 156
Medical Device Market Access 158
Market Environment 158
Distribution 158
Trade Associations 160
Trade Fairs 160
Methodology 161
Table: Used HS Trade Codes, 2013 162
Table: Rearranged HS Trade Codes, 2013 164

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