The wheelchair parts market in Belgium has shown various fluctuations over the years. From 2012 to 2022, the market started at $17.331 million and observed a peak in 2021 at $27.811 million, before slightly declining to $25.721 million in 2022. The market exhibited periods of significant growth, such as in 2013 with a year-on-year increase of 29.09% and occasional declines like in 2014 and 2015, where it decreased by 5.72% and 6.07%, respectively. The last five years indicated a relatively stable trend with a CAGR of 1.4%, showing modest growth despite slight annual variations.
Future trends to watch for:
- Increasing demand due to an aging population and advancements in technology.- Potential impacts of economic fluctuations and policy changes on healthcare funding.- Growth in electric and smart wheelchair parts, driven by innovation and user adaptation.- Expansion of e-commerce platforms enabling better accessibility and distribution of parts.
How does Belgium rank in Wheelchair Parts Market Size Value?
| # | 15 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 2,163,100,000 | 2023 | +1.71% | +1.56% | View data |
| 2 | 2 United Kingdom | 341,600,000 | 2023 | +2.65% | +2.6% | View data |
| 3 | 3 Germany | 325,340,000 | 2023 | +0.26% | +0.48% | View data |
| 4 | 4 France | 195,480,000 | 2023 | +1.4% | +1.09% | View data |
| 5 | 5 Canada | 175,130,000 | 2023 | +0.92% | +1.75% | View data |
| 9 | 9 Spain | 71,417,000 | 2023 | +2.61% | +1.57% | View data |
| 10 | 10 Switzerland | 32,558,000 | 2023 | +4.29% | -0.93% | View data |
| 11 | 11 Belgium | 26,825,000 | 2023 | +2.62% | +2.52% | |
| 12 | 12 Austria | 17,939,000 | 2023 | -2.56% | -2.74% | View data |
| 13 | 13 South Africa | 9,264,800 | 2023 | +1.39% | +0.83% | View data |
