Asia-Pacific: Medical Steriliser Market 2024

Medical Steriliser Market Size in Asia-Pacific

The Asia-Pacific medical steriliser market shrank modestly to $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption showed a slight decline. The growth pace was the most rapid in 2020 when the market value increased by 8.9%. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Medical Steriliser Production in Asia-Pacific

In value terms, medical steriliser production rose modestly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 17% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Medical Steriliser Exports

Exports in Asia-Pacific

In 2022, overseas shipments of medical, surgical or laboratory sterilisers decreased by -0.7% to X units, falling for the second year in a row after nine years of growth. Overall, exports, however, posted a buoyant increase. The growth pace was the most rapid in 2018 when exports increased by 42%. The volume of export peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, medical steriliser exports declined modestly to $X in 2022. Total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% 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 -3.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 16%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China dominates exports structure, resulting at X units, which was near 76% of total exports in 2022. Australia (X units) took the second position in the ranking, followed by Japan (X units) and South Korea (X units). All these countries together held approx. 17% share of total exports. The following exporters - Taiwan (Chinese) (X units), India (X units) and Singapore (X units) - together made up 6.1% 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, Australia (+24.6%), South Korea (+3.0%) and India (+2.0%) displayed positive paces of growth. By contrast, Japan (-1.3%), Taiwan (Chinese) (-4.3%) and Singapore (-11.5%) illustrated a downward trend over the same period. China (+49 p.p.) and Australia (+4.4 p.p.) significantly strengthened its position in terms of the total exports, while India, South Korea, Taiwan (Chinese), Japan and Singapore saw its share reduced by -2.8%, -6.9%, -11.4%, -14.3% and -16% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest medical steriliser supplier in Asia-Pacific, comprising 55% of total exports. The second position in the ranking was held by Australia ($X), with a 14% share of total exports. It was followed by Japan, with a 9.7% share.

In China, medical steriliser exports expanded at an average annual rate of +11.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Australia (+27.8% per year) and Japan (-2.1% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, approximately reflecting the previous year. Overall, the export price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when the export price increased by 6.5%. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while China ($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 more modest paces of growth.

Medical Steriliser Imports

Imports in Asia-Pacific

In 2022, approx. X units of medical, surgical or laboratory sterilisers were imported in Asia-Pacific; waning by -12.7% compared with the year before. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 15% against the previous year. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, medical steriliser imports dropped to $X in 2022. The total import value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when imports increased by 21%. The level of import peaked at $X in 2021, and then dropped in the following year.

Imports by Country

China (X units), Indonesia (X units), India (X units), South Korea (X units), Thailand (X units), Australia (X units), Vietnam (X units), Bangladesh (X units), Japan (X units), Malaysia (X units), Taiwan (Chinese) (X units) and Singapore (X units) represented roughly 87% of total imports in 2022.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +12.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported medical, surgical or laboratory sterilisers in Asia-Pacific, comprising 25% of total imports. The second position in the ranking was taken by Japan ($X), with a 9.6% share of total imports. It was followed by India, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +1.3%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+1.0% per year) and India (-1.2% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, shrinking by -2.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2020 when the import price increased by 8.5% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2021, and then fell modestly in the following year.

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