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Medical & Dental Instrument & Supplies Manufacturing in Belgium - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

BE-C325 March 2024 Factsheet

Revenue

€2.2bn

2019-2024 0.3 %
2024-2029 X.X %

Employees

7,111

2019-2024 3.7 %
2024-2029 X.X %

Businesses

1,070

2019-2024 2.9 %
2024-2029 X.X %

Wages

€XXX.Xm

2019-2024 X.X %
2024-2029 X.X %

Medical & Dental Instrument & Supplies Manufacturing in Belgium market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

Industry Statistics and Rankings

How does this industry perform in Belgium compared to Europe?

Country Benchmarking

Industry Data Belgium

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#9 In Europe
Business
#14 In Europe
Employees
#17 In Europe
Wages
#14 In Europe

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As the population expands and healthcare spending grows, medical and dental instruments and supplies manufacturers in Europe enjoy good demand. An ageing population across European nations and rising chronic disease cases fuel demand for healthcare services. However, manufacturers also face challenges, including strict regulatory burdens and intense competition. Revenue is expected to contract at a compound annual rate of 2.9% to €127.7 billion over the five years through 2024, including a drop of 0.3% in 2024. The profit margin is estimated at 16.7%.

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Enterprises
Number of businesses in 2024

Biggest companies in the Medical & Dental Instrument & Supplies Manufacturing in Belgium

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Medtronic plc
2,959.2
5,312.9
179.5
Johnson & Johnson
93,972.7
21,712.8
23.1
Becton, Dickinson and Company Corporation
20,997.3
2,510.0
12.0

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Top Questions Answered in this Report

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What is the market size of the Medical & Dental Instrument & Supplies Manufacturing industry in Belgium in 2024?

The market size of the Medical & Dental Instrument & Supplies Manufacturing industry in Belgium is €2.2bn in 2024.

How many businesses are there in the Medical & Dental Instrument & Supplies Manufacturing in Belgium industry in 2024?

There are 1,070 businesses in the Medical & Dental Instrument & Supplies Manufacturing industry in Belgium, which has declined at a CAGR of 2.9 % between 2019 and 2024.

Has the Medical & Dental Instrument & Supplies Manufacturing industry in Belgium grown or declined over the past 5 years?

The market size of the Medical & Dental Instrument & Supplies Manufacturing industry in Belgium has been growing at a CAGR of 0.3 % between 2019 and 2024.

What is the forecast growth of the Medical & Dental Instrument & Supplies Manufacturing industry in Belgium over the next 5 years?

Over the next five years, the Medical & Dental Instrument & Supplies Manufacturing industry in Belgium is expected to grow.

What are the biggest companies in the Medical & Dental Instrument & Supplies Manufacturing market in Belgium?

The biggest companies operating in the Medical & Dental Instrument & Supplies Manufacturing market in Belgium are Medtronic plc, Johnson & Johnson and Becton, Dickinson and Company Corporation

What does the Medical & Dental Instrument & Supplies Manufacturing in Belgium include?

Instruments for medical, surgical or ophthalmic use and Artificial joints, body parts and orthopaedic equipment are part of the Medical & Dental Instrument & Supplies Manufacturing industry.

Which companies have the highest market share in the Medical & Dental Instrument & Supplies Manufacturing in Belgium?

The company holding the most market share in Belgium is Medtronic plc.

How competitive is the Medical & Dental Instrument & Supplies Manufacturing industry in Belgium?

The level of competition is moderate and steady in the Medical & Dental Instrument & Supplies Manufacturing industry in Belgium.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

Industry companies manufacture laboratory apparatus, surgical and medical instruments, surgical appliances and supplies, dental equipment and supplies, orthodontic goods, dentures and orthodontic appliances. Ophthalmic goods manufacturing, like eyeglasses and contact lenses, is included. Medical and dental furniture manufacturing is also included, where the additional specific functions determine the purpose of the product, like dentist’s chairs with built-in hydraulic functions. The industry excludes the manufacture of denture adhesives, the manufacture of electrotherapy equipment and electromedical equipment and the activities of opticians.

Related Terms

OPHTHALMIC INSTRUMENTS DIAGNOSTIC IMAGING CATHETERORTHOPAEDICS

What's included in this industry?

Instruments for medical, surgical or ophthalmic useArtificial joints, body parts and orthopaedic equipmentDental products and instrumentsProducts and parts related to eye careFurnitureSurgical sterilisersRespiration apparatus Ostomy appliancesSpeech aidsAccessories of pacemakers and other parts of medical devices

Companies

Medtronic plcJohnson & JohnsonBecton, Dickinson and Company Corporation

Industry Code

ISIC 2006

325 - Manufacture of medical and dental instruments and supplies in Belgium

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Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue
  • Employees
  • Business
  • Profit
Analysis

What's driving current industry performance in the Medical & Dental Instrument & Supplies Manufacturing in Belgium industry?


Outlook

Analysis

What's driving the Medical & Dental Instrument & Supplies Manufacturing in Belgium industry outlook?


Volatility

Analysis

What influences volatility in the Medical & Dental Instrument & Supplies Manufacturing in Belgium industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Medical & Dental Instrument & Supplies Manufacturing in Belgium industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

3D printing opens up opportunities for manufacturers. Manufacturers increasingly use 3D printing to enhance efficiency, save costs and reduce waste. The technique allows the creation of customised equipment or components, fast prototyping for R&D and the fabrication of complex configurations.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Medical & Dental Instrument & Supplies Manufacturing in Belgium industry's products and services performing?

Analysis

What are innovations in the Medical & Dental Instrument & Supplies Manufacturing in Belgium industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Medical & Dental Instrument & Supplies Manufacturing in Belgium industry?


International Trade

Highlights

  • Total Imports into Belgium
  • Total Exports into Belgium
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

The market is fragmented, with many manufacturers spread across Europe. No single company holds a significant enough market share to dominate, but a few global companies, like Medtronic, Siemens and Baxter, have operations across many European countries.

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Supply Chain

Charts

Buyer and supply industries

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Establishments by Region (2024)
Data Tables
  • Number of Establishments by Region (2024)
Charts
  • Share of Establishments vs. Population of Each Region
Analysis

What regions are businesses in the Medical & Dental Instrument & Supplies Manufacturing in Belgium located?

Companies

Data Tables

Top 10 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit margin (2024)

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Stringent new EU regulations come into force. The EU’s MDR and IVDR came into force in 2021 and 2022, respectively, heightening the requirements for medical and dental instruments and supplies manufacturers. This has resulted in significant compliance costs.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Medical & Dental Instrument & Supplies Manufacturing in Belgium industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Pricing pressures and regulation constrain profit. Manufacturers’ profitability is being squeezed by increased import competition and rising compliance costs with strict EU regulations. Geopolitical tension and higher production costs have hindered profit further.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Medical & Dental Instrument & Supplies Manufacturing in Belgium industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

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