India: Medical Steriliser Market 2024

Medical Steriliser Market Size in India

The Indian medical steriliser market rose to $X in 2022, surging by 2.1% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Medical Steriliser Production in India

In value terms, medical steriliser production reached $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 18% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Medical Steriliser Exports

Exports from India

In 2022, shipments abroad of medical, surgical or laboratory sterilisers decreased by -38.6% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, showed moderate growth. The pace of growth was the most pronounced in 2021 with an increase of 106%. As a result, the exports attained the peak of X units, and then reduced remarkably in the following year.

In value terms, medical steriliser exports shrank dramatically to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 119% against the previous year. As a result, the exports attained the peak of $X, and then contracted dramatically in the following year.

Exports by Country

Nepal (X units), the United Arab Emirates (X units) and Tanzania (X units) were the main destinations of medical steriliser exports from India, with a combined 40% share of total exports. Cote d'Ivoire, Singapore, the United States, China, Maldives, Russia, Nigeria, Kenya, Uganda and Bangladesh lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for Maldives (with a CAGR of +123.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Nepal ($X) remains the key foreign market for medical, surgical or laboratory sterilisers exports from India, comprising 20% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 7.4% share of total exports. It was followed by Tanzania, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Nepal totaled +31.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+3.7% per year) and Tanzania (+42.6% per year).

Export Prices by Country

The average medical steriliser export price stood at $X per unit in 2022, which is down by -14.7% against the previous year. Overall, the export price continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 16% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+0.5%), while the prices for the other major destinations experienced a decline.

Medical Steriliser Imports

Imports into India

In 2022, overseas purchases of medical, surgical or laboratory sterilisers decreased by -24.5% to X units, falling for the third year in a row after two years of growth. Overall, imports saw a slight contraction. The pace of growth appeared the most rapid in 2016 when imports increased by 83% against the previous year. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, medical steriliser imports contracted significantly to $X in 2022. In general, imports showed a slight shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by 60%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X units), China (X units) and Switzerland (X units) were the main suppliers of medical steriliser imports to India, with a combined 51% share of total imports. The United States, Germany, the Czech Republic, Israel, Singapore, South Korea, Poland, Spain, Slovenia and Sweden lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +90.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest medical steriliser suppliers to India were Italy ($X), China ($X) and Switzerland ($X), together accounting for 51% of total imports. These countries were followed by the United States, Germany, the Czech Republic, Israel, Singapore, South Korea, Poland, Spain, Sweden and Slovenia, which together accounted for a further 39%.

Among the main suppliers, the Czech Republic, with a CAGR of +95.3%, saw 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

The average medical steriliser import price stood at $X per unit in 2022, falling by -9.6% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 14% against the previous year. The import price peaked at $X per unit in 2021, and then dropped in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Slovenia ($X per unit) and the United States ($X per unit), while the price for Singapore ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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