| Product Code: ETC6353327 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Belgium saw an increase in external analgesics import shipments with key suppliers being Italy, Germany, USA, Metropolitan France, and Switzerland. The market concentration, as measured by the HHI, shifted from low to moderate in 2024, indicating a more balanced market landscape. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) for the period 2020-2024 remained strong at 6.5%. This suggests continued demand for external analgesics in Belgium, with diversified sources of imports contributing to market stability.

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 External Analgesics Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium External Analgesics Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium External Analgesics Market - Industry Life Cycle |
3.4 Belgium External Analgesics Market - Porter's Five Forces |
3.5 Belgium External Analgesics Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Belgium External Analgesics Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Belgium External Analgesics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing prevalence of musculoskeletal disorders and sports injuries. |
4.2.2 Growing awareness about self-medication and over-the-counter products. |
4.2.3 Rising demand for topical pain relief products due to their easy application and localized effect. |
4.3 Market Restraints |
4.3.1 Stringent regulations and approvals required for product launches and marketing. |
4.3.2 Presence of alternative therapies and products such as herbal remedies impacting market growth. |
5 Belgium External Analgesics Market Trends |
6 Belgium External Analgesics Market, By Types |
6.1 Belgium External Analgesics Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Belgium External Analgesics Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Belgium External Analgesics Market Revenues & Volume, By Hot/Cold Products, 2021- 2031F |
6.1.4 Belgium External Analgesics Market Revenues & Volume, By Disposable, 2021- 2031F |
6.1.5 Belgium External Analgesics Market Revenues & Volume, By Non-Disposable, 2021- 2031F |
6.1.6 Belgium External Analgesics Market Revenues & Volume, By Kinesiology Tape, 2021- 2031F |
6.1.7 Belgium External Analgesics Market Revenues & Volume, By Heating Pads, 2021- 2031F |
6.1.8 Belgium External Analgesics Market Revenues & Volume, By TENS Devices, 2021- 2031F |
6.2 Belgium External Analgesics Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Belgium External Analgesics Market Revenues & Volume, By Retail/Brick & Mortar, 2021- 2031F |
6.2.3 Belgium External Analgesics Market Revenues & Volume, By E-Commerce, 2021- 2031F |
6.2.4 Belgium External Analgesics Market Revenues & Volume, By Others, 2021- 2031F |
7 Belgium External Analgesics Market Import-Export Trade Statistics |
7.1 Belgium External Analgesics Market Export to Major Countries |
7.2 Belgium External Analgesics Market Imports from Major Countries |
8 Belgium External Analgesics Market Key Performance Indicators |
8.1 Percentage increase in the usage of external analgesics among different age groups. |
8.2 Number of new product innovations and launches in the external analgesics market. |
8.3 Growth in the number of retail outlets or pharmacies stocking external analgesics products. |
8.4 Increase in online sales and e-commerce penetration for external analgesics products. |
8.5 Patient satisfaction rates and feedback on the effectiveness of external analgesics products. |
9 Belgium External Analgesics Market - Opportunity Assessment |
9.1 Belgium External Analgesics Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Belgium External Analgesics Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Belgium External Analgesics Market - Competitive Landscape |
10.1 Belgium External Analgesics Market Revenue Share, By Companies, 2024 |
10.2 Belgium External Analgesics 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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