In 2023, the import of orthopaedic and fracture appliances to Belgium stood at 457.61 million USD. Over the past two years, the year-on-year increase was 3.27% in 2023 and 3.45% in 2022. The compound annual growth rate (CAGR) for the last five years up to 2023 was 3.38%. Looking forward, between 2024 and 2028, the forecasted CAGR is 2.19%, marking an overall growth rate of 11.45% by 2028.
Future trends to watch for include:
- Innovations in orthopaedic technology driving demand.
- Aging population and increasing healthcare expenditure fueling growth.
- Potential supply chain disruptions impacting imports.
