MENA: Medical Instruments Market 2024

Medical Instruments Market Size in MENA

The MENA's medical instruments market was estimated at $X in 2022, surging by 3.3% against the previous year. The market value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Medical Instruments Production in MENA

In value terms, medical instruments production fell to $X in 2022 estimated in export price. In general, production enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 19%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Medical Instruments Exports

Exports in MENA

In 2022, approx. X tons of instruments used in medical sciences were exported in MENA; shrinking by -4.7% on the previous year's figure. Over the period under review, exports, however, posted prominent growth. The pace of growth appeared the most rapid in 2015 when exports increased by 55%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then shrank modestly in the following year.

In value terms, medical instruments exports expanded sharply to $X in 2022. In general, exports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2014 when exports increased by 24% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, Israel (X tons) and Turkey (X tons) were the largest exporters of instruments used in medical sciences in MENA, together reaching near 73% of total exports. Tunisia (X tons) held the next position in the ranking, distantly followed by Egypt (X tons). All these countries together took approx. 21% share of total exports. The following exporters - the United Arab Emirates (X tons) and Oman (X tons) - together made up 5.1% of total exports.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +47.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) remains the largest medical instruments supplier in MENA, comprising 66% of total exports. The second position in the ranking was taken by Turkey ($X), with a 16% share of total exports. It was followed by Tunisia, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value in Israel stood at +9.4%. In the other countries, the average annual rates were as follows: Turkey (+17.2% per year) and Tunisia (+10.9% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, surging by 13% against the previous year. Over the period under review, the export price, however, showed a mild shrinkage. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Medical Instruments Imports

Imports in MENA

In 2022, medical instruments imports in MENA expanded modestly to X tons, growing by 3.5% 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 26%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, medical instruments imports reduced slightly to $X in 2022. The total import value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by 19%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons), Saudi Arabia (X tons) and Yemen (X tons) represented the major importer of instruments used in medical sciences in MENA, achieving 57% of total import. Israel (X tons) ranks next in terms of the total imports with a 12% share, followed by the United Arab Emirates (6.9%) and Tunisia (5.1%). Oman (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Yemen (with a CAGR of +25.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Turkey ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 45% share of total imports. Israel, Tunisia, Oman and Yemen lagged somewhat behind, together accounting for a further 19%.

Among the main importing countries, Israel, with a CAGR of +7.6%, 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 import price in MENA stood at $X per ton in 2022, dropping by -5.3% against the previous year. In general, the import price showed a perceptible curtailment. The pace of growth appeared the most rapid in 2017 when the import price increased by 5.9%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+0.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform