Key Market Indicators
Belgian Medical Product Expenditure is projected to climb to €4.9 billion by 2028, marking an increase from €4.5 billion in 2023. This represents an average annual growth rate of 1.4%. Since the year 2000, demand for medical products in Belgium has risen by an average of 2.5% annually. In 2023, Belgium ranked sixth in Europe for medical product expenditure, with the Netherlands surpassing it at €4.5 billion. France, Italy, and Spain occupied the second, third, and fourth positions, respectively, in this ranking.
