The production value of medical and dental instruments and supplies in Belgium has shown significant fluctuations over the past several years. The value stood at 1,400 million Euros in 2023. While initial years saw a decline, a steep increase was observed in 2015. A steady upward trend is evident since 2018, with minor year-on-year variations. From 2019 onwards, growth has generally been positive, except for a dip in 2020. The average growth rate over the last five years (CAGR) is 4.05%, with a year-on-year increase of 3.65% in 2023. Forecasts indicate a continued increase, with a projected CAGR of 2.54% and a 13.38% growth rate over the next five years.
Future trends to watch for include advancements in medical technology driving production, potential impacts of regulatory changes, and shifts in global supply chains. Additionally, increased healthcare demands may further boost production values in the sector.
