| Product Code: ETC12687874 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, Belgium continued to see a steady inflow of medtech imports from diverse sources including Mexico, USA, Netherlands, Costa Rica, and Germany. The market maintained a low concentration with a stable Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 stood at 1.13%, indicating a consistent expansion. However, there was a slight decline in growth rate from 2023 to 2024 at -4.02%, which could be attributed to various factors influencing the medtech industry in Belgium.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Belgium MedTech Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium MedTech Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium MedTech Market - Industry Life Cycle |
3.4 Belgium MedTech Market - Porter's Five Forces |
3.5 Belgium MedTech Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Belgium MedTech Market Revenues & Volume Share, By Technology Type, 2021 & 2031F |
3.7 Belgium MedTech Market Revenues & Volume Share, By Application Area, 2021 & 2031F |
3.8 Belgium MedTech Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Belgium MedTech Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for advanced medical technologies in Belgium due to a growing aging population and rising prevalence of chronic diseases. |
4.2.2 Government initiatives and policies supporting the development and adoption of innovative medical technologies in the country. |
4.2.3 Technological advancements in the field of medical devices leading to the introduction of new and more effective products in the market. |
4.3 Market Restraints |
4.3.1 Stringent regulatory requirements and approval processes for medical devices in Belgium, which can hinder the speed of product launches and market entry. |
4.3.2 Pricing pressures and reimbursement challenges impacting the profitability of medical technology companies operating in Belgium. |
5 Belgium MedTech Market Trends |
6 Belgium MedTech Market, By Types |
6.1 Belgium MedTech Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Belgium MedTech Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 Belgium MedTech Market Revenues & Volume, By Diagnostic Devices, 2021 - 2031F |
6.1.4 Belgium MedTech Market Revenues & Volume, By Therapeutic Devices, 2021 - 2031F |
6.1.5 Belgium MedTech Market Revenues & Volume, By Monitoring Devices, 2021 - 2031F |
6.1.6 Belgium MedTech Market Revenues & Volume, By Supportive Devices, 2021 - 2031F |
6.2 Belgium MedTech Market, By Technology Type |
6.2.1 Overview and Analysis |
6.2.2 Belgium MedTech Market Revenues & Volume, By Imaging Systems, 2021 - 2031F |
6.2.3 Belgium MedTech Market Revenues & Volume, By Surgical Instruments, 2021 - 2031F |
6.2.4 Belgium MedTech Market Revenues & Volume, By Wearable Health Tech, 2021 - 2031F |
6.2.5 Belgium MedTech Market Revenues & Volume, By Prosthetics, 2021 - 2031F |
6.3 Belgium MedTech Market, By Application Area |
6.3.1 Overview and Analysis |
6.3.2 Belgium MedTech Market Revenues & Volume, By Hospitals, 2021 - 2031F |
6.3.3 Belgium MedTech Market Revenues & Volume, By Clinics, 2021 - 2031F |
6.3.4 Belgium MedTech Market Revenues & Volume, By Home Care, 2021 - 2031F |
6.3.5 Belgium MedTech Market Revenues & Volume, By Rehabilitation Centers, 2021 - 2031F |
6.4 Belgium MedTech Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Belgium MedTech Market Revenues & Volume, By Healthcare Providers, 2021 - 2031F |
6.4.3 Belgium MedTech Market Revenues & Volume, By Medical Professionals, 2021 - 2031F |
6.4.4 Belgium MedTech Market Revenues & Volume, By Patients, 2021 - 2031F |
6.4.5 Belgium MedTech Market Revenues & Volume, By Elderly, 2021 - 2031F |
7 Belgium MedTech Market Import-Export Trade Statistics |
7.1 Belgium MedTech Market Export to Major Countries |
7.2 Belgium MedTech Market Imports from Major Countries |
8 Belgium MedTech Market Key Performance Indicators |
8.1 Adoption rate of new medical technologies in healthcare facilities across Belgium. |
8.2 Investment in research and development by medtech companies in Belgium. |
8.3 Number of collaborations and partnerships between medtech companies and healthcare providers in the country. |
9 Belgium MedTech Market - Opportunity Assessment |
9.1 Belgium MedTech Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Belgium MedTech Market Opportunity Assessment, By Technology Type, 2021 & 2031F |
9.3 Belgium MedTech Market Opportunity Assessment, By Application Area, 2021 & 2031F |
9.4 Belgium MedTech Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Belgium MedTech Market - Competitive Landscape |
10.1 Belgium MedTech Market Revenue Share, By Companies, 2024 |
10.2 Belgium MedTech Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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