Austria: Medical Instruments Market 2024

Medical Instruments Market Size in Austria

For the third consecutive year, the Austrian medical instruments market recorded growth in sales value, which increased by 8.5% to $X in 2022. In general, consumption continues to indicate a significant increase. Medical instruments consumption peaked in 2022 and is expected to retain growth in the near future.

Medical Instruments Production in Austria

In value terms, medical instruments production expanded remarkably to $X in 2022 estimated in export price. In general, production, however, saw a perceptible curtailment. The pace of growth was the most pronounced in 2014 with an increase of 22%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Medical Instruments Exports

Exports from Austria

In 2022, shipments abroad of instruments used in medical sciences increased by 43% to X tons, rising for the fourth consecutive year after two years of decline. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 227%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, medical instruments exports surged to $X in 2022. Over the period under review, total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.2% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), the United States (X tons) and Belgium (X tons) were the main destinations of medical instruments exports from Austria, with a combined 61% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +57.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and the UK ($X) constituted the largest markets for medical instruments exported from Austria worldwide, together accounting for 59% of total exports.

Among the main countries of destination, the UK, with a CAGR of +33.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average medical instruments export price stood at $X per ton in 2022, which is down by -3.5% against the previous year. In general, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+1.9%), while the prices for the other major destinations experienced a decline.

Medical Instruments Imports

Imports into Austria

In 2022, supplies from abroad of instruments used in medical sciences increased by 23% to X tons, rising for the fourth consecutive year after two years of decline. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 195% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, medical instruments imports declined to $X in 2022. The total import value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 13% against the previous year. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest medical instruments supplier to Austria, with a 48% share of total imports. Moreover, medical instruments imports from Germany exceeded the figures recorded by the second-largest supplier, Malta (X tons), fourfold. The third position in this ranking was held by the Netherlands (X tons), with a 9.3% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +25.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Malta (+131.5% per year) and the Netherlands (+33.5% per year).

In value terms, Germany ($X), the Netherlands ($X) and Belgium ($X) constituted the largest medical instruments suppliers to Austria, together accounting for 71% of total imports. The United States, Malta, France, the UK, China, Italy, Poland, the Czech Republic and Tunisia lagged somewhat behind, together accounting for a further 20%.

In terms of the main suppliers, Malta, with a CAGR of +90.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average medical instruments import price amounted to $X per ton, which is down by -22.8% against the previous year. Overall, the import price saw a abrupt decline. The growth pace was the most rapid in 2017 when the average import price increased by 13% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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