The sold production of medical and dental instruments and supplies in Belgium showed significant fluctuations over the past decade, with notable dips in 2014 and 2020. As of 2023, the value stood at 341.22 million euros. The year-on-year variation for 2023 was relatively modest at 0.7%, indicating a stabilizing trend. Over the last two years, the market showed a recovery, with 2022 and 2023 displaying year-on-year increases of 1.38% and 0.7% respectively. The compound annual growth rate (CAGR) for the last five years was -0.14%, suggesting a mild but persistent decline over the latter half of the decade.
Looking ahead, predictions indicate a slow but steady growth in the market, with a forecasted 5-year CAGR of 0.53% and a total forecasted growth rate of 2.66% by 2028. Key trends to watch for include advancements in medical technology, regulatory changes, and fluctuations in healthcare demand, which could influence future market dynamics.
