The value added of medical and dental instruments and supplies in Belgium has shown varying growth patterns over the past decade. Starting from 346.7 million Euros in 2013, the value experienced fluctuations with significant increases and occasional declines, reaching 589.6 million Euros by 2023. Particularly notable are the peaks in 2015 and 2019, with respective year-on-year growth rates of 25.78% and 27.49%. However, the market also faced downturns, such as a decline of 2.55% in 2016 and 5.59% in 2020. The average variation per year over the last five years (CAGR) is around 4.51%, indicating steady growth.
Looking ahead, the forecast data suggest a modest but consistent growth, with an average annual growth rate (CAGR) of 0.91% from 2024 to 2028. By 2028, the value is expected to reach 624.5 million Euros.
Future trends to watch for include:
- Technological advancements in medical and dental equipment that could drive market value.
- Changes in healthcare policies and funding in Belgium impacting production and consumption.
- Potential market saturation or economic fluctuations affecting overall growth rates.
