EU: Medical Instruments Market 2024

Medical Instruments Market Size in the EU

For the fourth consecutive year, the EU medical instruments market recorded growth in sales value, which increased by 38% to $X in 2022. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +77.6% against 2018 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Medical Instruments Production in the EU

In value terms, medical instruments production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 16%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Medical Instruments Exports

Exports in the EU

For the third consecutive year, the European Union recorded growth in shipments abroad of instruments used in medical sciences, which increased by 1.8% to X tons in 2022. Total exports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +4.7% 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 +63.4% against 2015 indices. The growth pace was the most rapid in 2017 with an increase of 15% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, medical instruments exports expanded significantly to $X in 2022. Total exports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 +74.2% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of 18% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

In 2022, Germany (X tons), distantly followed by Italy (X tons), the Netherlands (X tons), Slovenia (X tons), France (X tons), Belgium (X tons), Poland (X tons) and Austria (X tons) were the main exporters of instruments used in medical sciences, together mixing up 77% of total exports. The Czech Republic (X tons), Lithuania (X tons), Ireland (X tons) and Hungary (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of +31.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Belgium ($X) were the countries with the highest levels of exports in 2022, with a combined 65% share of total exports. Ireland, France, Italy, Poland, Slovenia, the Czech Republic, Austria, Hungary and Lithuania lagged somewhat behind, together comprising a further 24%.

Slovenia, with a CAGR of +23.5%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, increasing by 4.3% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 7.8% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; however, from 2015 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 Ireland ($X per ton), while Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+4.6%), while the other leaders experienced more modest paces of growth.

Medical Instruments Imports

Imports in the EU

In 2022, purchases abroad of instruments used in medical sciences increased by 22% to X tons, rising for the seventh year in a row after two years of decline. Over the period under review, imports posted a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, medical instruments imports rose significantly to $X in 2022. Total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.4% against 2015 indices. The pace of growth was the most pronounced in 2018 with an increase of 12% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) and Germany (X tons) represented the major importers of instruments used in medical sciences in the European Union, together finishing at near 33% of total imports. It was distantly followed by Italy (X tons), France (X tons), Austria (X tons), Belgium (X tons) and Slovenia (X tons), together making up a 37% share of total imports. Spain (X tons), Croatia (X tons), Poland (X tons), Bulgaria (X tons), the Czech Republic (X tons) and Latvia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of +39.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest medical instruments importing markets in the European Union were the Netherlands ($X), Germany ($X) and Belgium ($X), together comprising 55% of total imports. France, Italy, Spain, Poland, Austria, the Czech Republic, Slovenia, Bulgaria, Croatia and Latvia lagged somewhat behind, together comprising a further 32%.

Among the main importing countries, Bulgaria, with a CAGR of +17.1%, recorded the highest rates of growth with regard to 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 import price in the European Union amounted to $X per ton, declining by -13.6% against the previous year. Over the period under review, the import price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2014 an increase of 5.6% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while Croatia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+1.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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