Global & Belgium Pressure Monitoring Devices Market to 2033
Description
The market for pressure monitoring devices in Belgium is experiencing significant transformation, driven by several key factors including an aging population, a high prevalence of chronic diseases, innovative digital health reimbursement strategies, and a robust healthcare system that is well-funded and complex. These elements are collectively fostering a growing demand for high-quality, integrated monitoring solutions, particularly those that can be utilized in home settings.
As of January 1, 2025, Belgium is projected to have a demographic profile that reveals a substantial portion of its population—20.3%, or approximately 2.4 million individuals—will be aged 65 and older. This shift indicates that Belgium is becoming a super-aged society, with the average age of its citizens rising from 38 years in 1995 to 42 years in 2025. The implications of this demographic change are profound, especially considering that aging is closely linked to an increased incidence of chronic noncommunicable diseases (NCDs). According to data from For a Healthy Belgium, an official health status portal, around 10% of the population is living with diabetes. Additionally, in 2018, 1.3% of the population reported experiencing angina pectoris, a figure that escalates to 3.8% among those aged 65 and above. Furthermore, in 2020, Belgium documented approximately 15,676 cases of acute myocardial infarction (AMI), highlighting the significant burden of cardiovascular and metabolic diseases. These statistics underscore the critical need for regular and precise pressure monitoring to facilitate effective diagnosis, management, and prevention of complications associated with these conditions.
Belgium is also making strides in the realm of digital health, particularly in the area of remote patient monitoring (RPM). The country's healthcare system is characterized by substantial financial backing and a rigorous regulatory framework, both of which are conducive to the growth of the pressure monitoring devices market. Preliminary data from Eurostat indicates that healthcare expenditure in Belgium reached 10.8% of the nation’s GDP in 2022, positioning it among the highest healthcare spenders in Europe. This ongoing investment ensures that there are ample resources available for the development and implementation of advanced medical technologies.
As a member of the European Union, Belgium adheres to the stringent EU Medical Device Regulation (MDR) (Regulation (EU) 2017/745). Starting January 10, 2025, manufacturers will be legally required to report any interruptions or discontinuations in the supply of medical devices that could pose risks to patient or public health. This regulatory requirement is crucial for maintaining safety and efficacy in medical device usage. Additionally, the EU's Health Technology Assessment (HTA) Regulation, which came into effect on January 12, 2025, mandates that the National Institute for Health and Disability Insurance (NIHDI) will intensify its evaluation of medical devices. This increased scrutiny could significantly impact reimbursement decisions and market access for new technologies.
The evolving regulatory landscape, combined with a growing emphasis on value-driven healthcare, is shaping a dynamic environment for the pressure monitoring devices market in Belgium. Strategic partnerships between healthcare providers and technology companies are becoming more common, further enhancing the potential for innovation and improved patient outcomes. As the healthcare system continues to adapt to the needs of an aging population and the rising prevalence of chronic diseases, the demand for effective monitoring solutions is expected to grow.
In summary, the pressure monitoring devices market in Belgium is poised for growth due to a combination of demographic changes, the burden of chronic diseases, advancements in digital health, and a supportive regulatory environment. The increasing number of elderly individuals, coupled with the prevalence of conditions such as diabetes and cardiovascular diseases, underscores the necessity for reliable monitoring solutions. As Belgium continues to invest in its healthcare infrastructure and embrace digital health technologies, the market for pressure monitoring devices will likely expand, offering new opportunities for manufacturers and healthcare providers alike.
As of January 1, 2025, Belgium is projected to have a demographic profile that reveals a substantial portion of its population—20.3%, or approximately 2.4 million individuals—will be aged 65 and older. This shift indicates that Belgium is becoming a super-aged society, with the average age of its citizens rising from 38 years in 1995 to 42 years in 2025. The implications of this demographic change are profound, especially considering that aging is closely linked to an increased incidence of chronic noncommunicable diseases (NCDs). According to data from For a Healthy Belgium, an official health status portal, around 10% of the population is living with diabetes. Additionally, in 2018, 1.3% of the population reported experiencing angina pectoris, a figure that escalates to 3.8% among those aged 65 and above. Furthermore, in 2020, Belgium documented approximately 15,676 cases of acute myocardial infarction (AMI), highlighting the significant burden of cardiovascular and metabolic diseases. These statistics underscore the critical need for regular and precise pressure monitoring to facilitate effective diagnosis, management, and prevention of complications associated with these conditions.
Belgium is also making strides in the realm of digital health, particularly in the area of remote patient monitoring (RPM). The country's healthcare system is characterized by substantial financial backing and a rigorous regulatory framework, both of which are conducive to the growth of the pressure monitoring devices market. Preliminary data from Eurostat indicates that healthcare expenditure in Belgium reached 10.8% of the nation’s GDP in 2022, positioning it among the highest healthcare spenders in Europe. This ongoing investment ensures that there are ample resources available for the development and implementation of advanced medical technologies.
As a member of the European Union, Belgium adheres to the stringent EU Medical Device Regulation (MDR) (Regulation (EU) 2017/745). Starting January 10, 2025, manufacturers will be legally required to report any interruptions or discontinuations in the supply of medical devices that could pose risks to patient or public health. This regulatory requirement is crucial for maintaining safety and efficacy in medical device usage. Additionally, the EU's Health Technology Assessment (HTA) Regulation, which came into effect on January 12, 2025, mandates that the National Institute for Health and Disability Insurance (NIHDI) will intensify its evaluation of medical devices. This increased scrutiny could significantly impact reimbursement decisions and market access for new technologies.
The evolving regulatory landscape, combined with a growing emphasis on value-driven healthcare, is shaping a dynamic environment for the pressure monitoring devices market in Belgium. Strategic partnerships between healthcare providers and technology companies are becoming more common, further enhancing the potential for innovation and improved patient outcomes. As the healthcare system continues to adapt to the needs of an aging population and the rising prevalence of chronic diseases, the demand for effective monitoring solutions is expected to grow.
In summary, the pressure monitoring devices market in Belgium is poised for growth due to a combination of demographic changes, the burden of chronic diseases, advancements in digital health, and a supportive regulatory environment. The increasing number of elderly individuals, coupled with the prevalence of conditions such as diabetes and cardiovascular diseases, underscores the necessity for reliable monitoring solutions. As Belgium continues to invest in its healthcare infrastructure and embrace digital health technologies, the market for pressure monitoring devices will likely expand, offering new opportunities for manufacturers and healthcare providers alike.
Table of Contents
131 Pages
- 1. Introduction
- 1.1 Report Guidance
- 1.2 Market Segmentation
- 2. Executive Summary
- 2.1 Key Insights
- 3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Data Triangulation and Validation:
- 4. Belgium Pressure Monitoring Devices Market Landscape
- 4.1 Overview
- 4.2 Ecosystem Analysis
- 4.2.1 List of Vendors in the Value Chain
- 5. Pressure Monitoring Devices Market Key Market Dynamics
- 5.1 Pressure Monitoring Devices Market – Key Market Dynamics
- 5.2 Market Drivers
- 5.3 Market Restraints
- 5.4 Market Opportunities
- 5.5 Future Trends
- 5.6 Impact of Drivers and Restraints
- 6. Belgium Pressure Monitoring Devices Market – Analysis
- 6.1 Belgium Pressure Monitoring Devices Market Revenue (US$ Million), 2022–2033
- 6.2 Belgium Pressure Monitoring Devices Market Revenue and Forecast Analysis
- 7. Belgium Pressure Monitoring Devices Market Analysis – by Product
- 7.1 Belgium Pressure Monitoring Devices Market – Revenue and Forecast, 2022–2033 (US$ Million) – by Product
- 8. Belgium Pressure Monitoring Devices Market Analysis – by Application
- 8.1 Belgium Pressure Monitoring Devices Market – Revenue and Forecast, 2022–2033 (US$ Million) – by Application
- 9. Belgium Pressure Monitoring Devices Market Analysis – by End User
- 9.1 Belgium Pressure Monitoring Devices Market – Revenue and Forecast, 2022–2033 (US$ Million) – by End User
- 10. Competitive Landscape
- 10.1 Heat Map Analysis by Key Players
- 10.1 Company Positioning and Concentration
- 11. Industry Landscape
- 11.1 Overview
- 11.2 Market Initiative
- 11.2 Partnerships and Collaborations
- 11.2 Other Developments
- 12. Company Profiles
- 12.1 Becton Dickinson and Co
- 12.1. 1 Key Facts
- 12.1. 2 Business Description
- 12.1. 3 Products and Services
- 12.1. 4 Financial Overview
- 12.1. 5 SWOT Analysis
- 12.1. 6 Key Developments
- 12.2 Baxter International Inc
- 12.2. 1 Key Facts
- 12.2. 2 Business Description
- 12.2. 3 Products and Services
- 12.2. 4 Financial Overview
- 12.2. 5 SWOT Analysis
- 12.2. 6 Key Developments
- 12.3 Dragerwerk AG & Co KGaA
- 12.3. 1 Key Facts
- 12.3. 2 Business Description
- 12.3. 3 Products and Services
- 12.3. 4 Financial Overview
- 12.3. 5 SWOT Analysis
- 12.3. 6 Key Developments
- 12.4 Omron Healthcare Inc
- 12.4. 1 Key Facts
- 12.4. 2 Business Description
- 12.4. 3 Products and Services
- 12.4. 4 Financial Overview
- 12.4. 5 SWOT Analysis
- 12.4. 6 Key Developments
- 12.5 Medtronic Plc
- 12.5. 1 Key Facts
- 12.5. 2 Business Description
- 12.5. 3 Products and Services
- 12.5. 4 Financial Overview
- 12.5. 5 SWOT Analysis
- 12.5. 6 Key Developments
- 12.6 Koninklijke Philips NV
- 12.6. 1 Key Facts
- 12.6. 2 Business Description
- 12.6. 3 Products and Services
- 12.6. 4 Financial Overview
- 12.6. 5 SWOT Analysis
- 12.6. 6 Key Developments
- 12.7 GE HealthCare Technologies Inc
- 12.7. 1 Key Facts
- 12.7. 2 Business Description
- 12.7. 3 Products and Services
- 12.7. 4 Financial Overview
- 12.7. 5 SWOT Analysis
- 12.7. 6 Key Developments
- 12.8 Integra LifeSciences Holdings Corp
- 12.8. 1 Key Facts
- 12.8. 2 Business Description
- 12.8. 3 Products and Services
- 12.8. 4 Financial Overview
- 12.8. 5 SWOT Analysis
- 12.8. 6 Key Developments
- 12.9 Abbott Laboratories
- 12.9. 1 Key Facts
- 12.9. 2 Business Description
- 12.9. 3 Products and Services
- 12.9. 4 Financial Overview
- 12.9. 5 SWOT Analysis
- 12.9. 6 Key Developments
- 12.10 Terumo Corp
- 12.10. 1 Key Facts
- 12.10. 2 Business Description
- 12.10. 3 Products and Services
- 12.10. 4 Financial Overview
- 12.10. 5 SWOT Analysis
- 12.10. 6 Key Developments
- 13. Appendix
- 13.1 About Business Market Insights
- 13.2 List of Abbreviations
- TABLE OF TABLES
- Table 1. Belgium Pressure Monitoring Devices Market Segmentation
- Table 2. List of Vendors
- Table 3. Belgium Pressure Monitoring Devices Market – Revenue, 2022–2024 (US$ Million)
- Table 4. Belgium Pressure Monitoring Devices Market – Revenue Forecast, 2025–2033 (US$ Million)
- Table 5. Belgium Pressure Monitoring Devices Market – Revenue, 2022–2024 (US$ Million) – by Product
- Table 6. Belgium Pressure Monitoring Devices Market – Revenue Forecast, 2025–2033 (US$ Million) – by Product
- Table 7. Belgium Pressure Monitoring Devices Market – Revenue, 2022–2024 (US$ Million) – by Application
- Table 8. Belgium Pressure Monitoring Devices Market – Revenue Forecast, 2025–2033 (US$ Million) – by Application
- Table 9. Belgium Pressure Monitoring Devices Market – Revenue, 2022–2024 (US$ Million) – by End User
- Table 10. Belgium Pressure Monitoring Devices Market – Revenue Forecast, 2025–2033 (US$ Million) – by End User
- Table 11. List of Abbreviations
- TABLE OF FIGURES
- Figure 1. Impact Analysis of Drivers and Restraints
- Figure 2. Belgium Pressure Monitoring Devices Market Revenue, (US$ Million), 2022–2033
- Figure 3. Heat Map Analysis by Key Players
- Figure 4. Company Positioning and Concentration
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