Between 2013 and 2023, the number of persons employed in the Medical, Dental Instruments, and Supplies industry in Belgium experienced significant fluctuations. The beginning of the period observed a steep decline, followed by periods of notable growth and occasional dips. In 2023, the employment figure stood at 7.14 thousand employees, marking a 5.59% increase from 2022. Over the last five years, the industry experienced an average growth rate (CAGR) of 3.44% annually.
Looking ahead, the forecasted data suggests a continued upward trend with steady growth. The number of employees is projected to increase to 8.17 thousand by 2028, which represents a 2.14% annual CAGR over the next five years. This continuous growth underlines the industry's resilience and potential expansion.
Future trends to watch for include:
- Technological advancements: Innovations in medical and dental instruments which could significantly influence employment trends.
- Healthcare policy changes: Legislative changes affecting the healthcare sector may impact the demand for medical and dental supplies.
- Evolving healthcare needs: An aging population and increased health awareness could drive further growth in the industry.
