General & Plastic Surgery Devices - Belgium

Belgium is expected to witness a significant surge in revenue within the General & Plastic Surgery Devices market market.
Projections indicate that by 2024, the revenue will reach a substantial amount of US$196.20m.
Moreover, the market is predicted to display a steady and healthy growth rate of 3.62% annually from 2024 to 2029 (CAGR 2024-2029).
This growth trajectory will result in a market volume of US$234.30m by 2029.
When comparing in Belgium to other countries on a global scale, it is noteworthy that the United States will dominate the market in terms of revenue generation.
In 2024, the United States is projected to generate a staggering amount of US$9.84bn within the General & Plastic Surgery Devices market market.
Belgium's General & Plastic Surgery Devices market is experiencing a surge in demand for advanced surgical technologies.

Definition:
The General & Plastic Surgery Devices market represents medical devices designed for general and plastic surgery procedures, such as disposable surgical supplies, open surgery instruments, minimally invasive surgery instruments.

Additional information:
Market values represent revenues paid to primary vendors at manufacturer price level either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Revenues are allocated to the country where the money is spent.

Company examples: Medtronic, Johnson & Johnson, Becton Dickinson, Conmed Corporation. Further information on the key players can be found in the Market Shares boxes.

Disposable surgical supplies
Open surgery instruments
Minimally invasive surgery instruments

Services (i.e., treatment expenses)
Blood and transplants derived from the human body
In vitro diagnostics
Diagnostic imaging

The General & Plastic Surgery Devices market in Belgium is experiencing steady growth due to increasing customer preferences for cosmetic procedures, advancements in technology, and favorable local special circumstances. Customer preferences in Belgium have shifted towards a greater acceptance of cosmetic procedures, leading to an increased demand for General & Plastic Surgery Devices. This trend can be attributed to several factors, including the influence of social media and the desire to achieve a more youthful appearance. In addition, the growing awareness and acceptance of non-invasive procedures have also contributed to the market growth. In terms of trends, the General & Plastic Surgery Devices market in Belgium is witnessing a rise in the adoption of minimally invasive procedures. This is driven by the increasing preference for less invasive treatments that offer quicker recovery times and minimal scarring. Additionally, there is a growing demand for advanced technologies that provide more precise and effective results. This has led to the development of innovative devices such as laser systems, radiofrequency devices, and ultrasound devices, which are gaining popularity in the market. Local special circumstances in Belgium also play a role in the development of the General & Plastic Surgery Devices market. The country has a well-established healthcare system with a high level of expertise in the field of plastic and reconstructive surgery. This has created a favorable environment for the growth of the market, as patients have access to skilled surgeons and advanced medical facilities. Furthermore, Belgium is known for its medical tourism industry, attracting patients from neighboring countries who seek high-quality medical treatments at competitive prices. This has contributed to the overall growth of the General & Plastic Surgery Devices market in the country. Underlying macroeconomic factors also contribute to the growth of the General & Plastic Surgery Devices market in Belgium. The country has a stable economy with a high level of disposable income, allowing individuals to invest in cosmetic procedures. Additionally, the aging population in Belgium is driving the demand for anti-aging treatments and cosmetic surgeries, further fueling the market growth. In conclusion, the General & Plastic Surgery Devices market in Belgium is experiencing steady growth due to increasing customer preferences, advancements in technology, favorable local special circumstances, and underlying macroeconomic factors. The market is expected to continue its growth trajectory in the coming years, driven by the demand for minimally invasive procedures and innovative technologies.

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on medical devices and IVD revenues allocated to the country where the money is spent at manufacturer price levels excluding VAT.

Modeling approach / Market size:

Modeling employs a top-down approach with a bottom-up validation, using financial information of the key players by market. Market sizes are determined by a top-down approach, based on a specific rationale for each market market and allocated to the covered countries according to the global market shares. As a basis for evaluating markets, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare system, and regulations concerning medical products. Next, we use further relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare payer system, and regulations concerning medical products. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

Medical technology plays a role in the lives of everyone. It includes most of all, medical devices which simplify the prevention, diagnosis, and treatment of diseases and illnesses. The most well-known medical technology products are, among others, pacemakers, imaging instruments, dialysis machines, and implants. The global medical technology industry was worth over 567 billion U.S. dollars annually. Established centers of this industry include North America and Western Europe. The United States is home to the world’s largest medical technology companies. As of 2022, Abbott Laboratories had the largest global revenue at over 31.2 billion U.S. dollars. The main focus of devices manufactured by the Chicago-based company are diagnostics, cardiovascular, and diabetes care. Two other medtech companies that round off the top three largest companies –Medtronic and Johnson & Johnson – are both based in the United States. Although, industry trends show that Asia, and in particular China, is about to play a more prominent role in the years to come.