Italy: Medical Instruments Market 2024

Medical Instruments Market Size in Italy

After two years of decline, the Italian medical instruments market increased by 86% to $X in 2022. Over the period under review, consumption continues to indicate resilient growth. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in the immediate term.

Medical Instruments Production in Italy

In value terms, medical instruments production amounted to $X in 2022 estimated in export price. Overall, the total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +10.7% 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 -0.0% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 118%. Medical instruments production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Medical Instruments Exports

Exports from Italy

After two years of growth, overseas shipments of instruments used in medical sciences decreased by -20% to X tons in 2022. Over the period under review, exports, however, showed perceptible growth. The pace of growth was the most pronounced in 2017 with an increase of 58%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, medical instruments exports contracted modestly to $X in 2022. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. As a result, the exports attained the peak of $X, and then contracted modestly in the following year.

Exports by Country

Germany (X tons) was the main destination for medical instruments exports from Italy, with a 27% share of total exports. Moreover, medical instruments exports to Germany exceeded the volume sent to the second major destination, Belgium (X tons), twofold. The third position in this ranking was taken by France (X tons), with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+10.6% per year) and France (+3.4% per year).

In value terms, Germany ($X), the United States ($X) and Belgium ($X) appeared to be the largest markets for medical instruments exported from Italy worldwide, together comprising 29% of total exports. The Netherlands, France, China, Spain, the UK, Poland, Bosnia and Herzegovina, Serbia and Ireland lagged somewhat behind, together accounting for a further 29%.

Ireland, with a CAGR of +16.4%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average medical instruments export price amounted to $X per ton, increasing by 24% against the previous year. Overall, the export price, however, recorded a slight setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 34%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Ireland ($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 the UK (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Instruments Imports

Imports into Italy

Medical instruments imports into Italy expanded notably to X tons in 2022, growing by 14% compared with 2021 figures. The total import volume increased at an average annual rate of +4.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, medical instruments imports fell slightly to $X in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 17% against the previous year. Imports peaked at $X in 2021, and then contracted modestly in the following year.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Slovenia (X tons) were the main suppliers of medical instruments imports to Italy, together comprising 42% of total imports. China, Belgium, Tunisia, France, Bosnia and Herzegovina, North Macedonia, Malaysia, Romania, Austria and Malta lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +39.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Belgium ($X) appeared to be the largest medical instruments suppliers to Italy, together accounting for 63% of total imports. France, China, Tunisia, Bosnia and Herzegovina, Slovenia, Malta, Austria, Romania, Malaysia and North Macedonia lagged somewhat behind, together comprising a further 18%.

Among the main suppliers, North Macedonia, with a CAGR of +31.9%, 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

The average medical instruments import price stood at $X per ton in 2022, reducing by -14.1% against the previous year. In general, the import price continues to indicate a slight decline. The growth pace was the most rapid in 2014 when the average import price increased by 14% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for North Macedonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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