Driven by healthier demand for high-tech medical devices for diagnostic and treatment purposes, the Electromedical and Imaging Equipment Manufacturing industry has seen reasonably strong demand in recent years. Revenue is anticipated to grow at a compound annual rate of 3.1% over the five years through 2025 to €56 billion, including estimated growth of 0.5% in 2025. The industry continues to benefit from the ageing of the European population, with more individuals requiring medical attention and advanced healthcare services. Furthermore, poor lifestyle choices, like a lack of exercise and poor eating habits, are leading to issues like obesity, inflating demand for medical services. As diseases related to these issues become more difficult to detect, manufacturers are pouring more money into developing increasingly sophisticated machinery. These products can command premium pricing, driving revenue growth. Manufacturers rely heavily on foreign trade, exposing them to fluctuating exchange rates. In response to a volatile euro, manufacturers use financial instruments like forward contracts or options to hedge against exchange rate risks, locking in favourable rates to help stabilise earnings. There have been notable advancements in technology in recent years, like wireless connectivity in hearing aids and improvements in pacemaker functionality. Countries like the Netherlands have positioned themselves as centres for medical equipment manufacturing, benefitting from government-backed investments in R&D. The industry is poised for future growth. Revenue is slated to swell at a compound annual rate of 4.3% in the five years through 2030 to €69 billion. Demographic trends, most notably the continued ageing of the European population, will drive demand for diagnostic medical devices and hearing aids. Technological advancements like AI are set to enhance medical equipment, propelling demand. Climbing demand for security scanning equipment, fuelled by innovations in airport scanners, will also drive up sales. Geopolitical tensions will incite onshoring activity as manufacturers look to limit their dependency on non-EU supply chains and make their own supply networks more resilient. This will stabilise revenue in times of uncertainty and protect profitability.

Europe dental imaging equipment market estimated to surge ahead at a CAGR of 6% to reach a valuation of US$ 1.3 Bn by the end of 2032.

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%.

Favourable demographics support demand for medical and dental instruments. Strong healthcare sectors and significant funding across European nations benefit medical and dental equipment manufacturers. However, local manufacturers have to contend with competition from cheaper import alternatives, particularly from Asian countries, putting pressure on prices. Despite this, Europe’s renowned reputation for high-quality, advanced medical equipment supports exports. Stricter EU regulations, like the MDR and IVDR, have severely inflated compliance costs for manufacturers. While the COVID-19 pandemic boosted health spending and demand for certain products, it negatively affected non-essential services like regular check-ups. Supply chain issues, heightened manufacturing costs and the Russia-Ukraine conflict have posed challenges to European manufacturers since 2022, hampering production and weakening revenue.

Revenue is forecast to expand at a compound annual rate of 5.5% to €167.2 billion over the five years through 2029. The ageing European population will create a steady demand for healthcare services - a big win for medical and dental equipment manufacturers. Technological advances, like 3D printing, will make it faster and cheaper to produce equipment while improving patient care. However, major hurdles for manufacturers include the strict regulations and upcoming bans on certain chemicals in Europe alongside increasing competition from Asia. Efficiency gains through automation and digital processes, along with strong demand for healthcare services, will support manufacturers’ profitability.

“What is covered in the report about the “Belgium Dental Imaging Market”?
GlobalData’s “Belgium Dental Imaging Market Outlook to 2025” report is a comprehensive databook report, covering key market data on the Belgium Dental Imaging market. The databook report provides value (USD), volume (units) and average prices (USD) within market segments – Dental Cameras and Dental Radiology Equipment. Read More