Asia: Medical Steriliser Market 2024

Medical Steriliser Market Size in Asia

The Asian medical steriliser market skyrocketed to $X in 2022, with an increase of 17% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Medical Steriliser Production in Asia

In value terms, medical steriliser production expanded slightly to $X in 2022 estimated in export price. The total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -28.8% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 23%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Medical Steriliser Exports

Exports in Asia

In 2022, overseas shipments of medical, surgical or laboratory sterilisers decreased by -2.5% to X units, falling for the second year in a row after nine years of growth. Overall, exports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2018 when exports increased by 39%. Over the period under review, the exports attained the peak figure at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, medical steriliser exports declined to $X in 2022. Total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -8.8% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 18%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China dominates exports structure, recording X units, which was near 72% of total exports in 2022. Turkey (X units) ranks second in terms of the total exports with a 6.8% share, followed by Japan (5%) and South Korea (4.6%). Israel (X units), Taiwan (Chinese) (X units) and India (X units) held a minor share of total exports.

China was also the fastest-growing in terms of the medical, surgical or laboratory sterilisers exports, with a CAGR of +25.1% from 2012 to 2022. At the same time, Turkey (+10.3%), Israel (+5.3%), South Korea (+3.0%) and India (+2.0%) displayed positive paces of growth. By contrast, Japan (-1.3%) and Taiwan (Chinese) (-4.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +49 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest medical steriliser supplier in Asia, comprising 53% of total exports. The second position in the ranking was taken by Japan ($X), with a 9.5% share of total exports. It was followed by Israel, with a 9% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to +11.8%. In the other countries, the average annual rates were as follows: Japan (-2.1% per year) and Israel (+4.5% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, which is down by -3.5% against the previous year. In general, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2021 an increase of 6.4%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.7%), while the other leaders experienced a decline in the export price figures.

Medical Steriliser Imports

Imports in Asia

In 2022, purchases abroad of medical, surgical or laboratory sterilisers decreased by -9.3% to X units, falling for the second consecutive year after six years of growth. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 11%. Over the period under review, imports attained the maximum at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, medical steriliser imports dropped to $X in 2022. The total import value increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 11% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank in the following year.

Imports by Country

The purchases of the twelve major importers of medical, surgical or laboratory sterilisers, namely China, Indonesia, Turkey, India, South Korea, Thailand, Vietnam, Iraq, Bangladesh, the United Arab Emirates, Japan and Malaysia, represented more than two-thirds of total import. Taiwan (Chinese) (X units) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Bangladesh (with a CAGR of +12.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported medical, surgical or laboratory sterilisers in Asia, comprising 20% of total imports. The second position in the ranking was taken by Japan ($X), with a 7.6% share of total imports. It was followed by India, with a 7.4% share.

In China, medical steriliser imports increased at an average annual rate of +1.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (+1.0% per year) and India (-1.2% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, waning by -2.4% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 14%. As a result, import price attained the peak level of $X per unit, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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