Middle East: Medical Instruments Market 2024

Medical Instruments Market Size in the Middle East

In 2022, after two years of decline, there was growth in the Middle Eastern medical instruments market, when its value increased by 0.5% to $X. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Medical Instruments Production in the Middle East

In value terms, medical instruments production fell slightly to $X in 2022 estimated in export price. Overall, production, however, recorded resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of 24% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Medical Instruments Exports

Exports in the Middle East

In 2022, the amount of instruments used in medical sciences exported in the Middle East expanded to X tons, surging by 1.9% on the previous year's figure. Over the period under review, exports saw a strong increase. The most prominent rate of growth was recorded in 2015 when exports increased by 91%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, medical instruments exports expanded notably to $X in 2022. In general, exports showed a strong expansion. The pace of growth was the most pronounced in 2014 when exports increased by 25%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Israel (X tons) and Turkey (X tons) prevails in exports structure, together comprising 93% of total exports. The following exporters - the United Arab Emirates (X tons) and Oman (X tons) - each amounted to a 6.5% share 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 ($X) remains the largest medical instruments supplier in the Middle East, comprising 74% of total exports. The second position in the ranking was held by Turkey ($X), with an 18% share of total exports. It was followed by the United Arab Emirates, with a 6.3% share.

In Israel, medical instruments exports increased at an average annual rate of +9.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (+17.2% per year) and the United Arab Emirates (+3.8% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, surging by 12% against the previous year. Over the period under review, the export price, however, showed a pronounced contraction. The pace of growth was the most pronounced in 2014 an increase of 15%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained 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 Israel (+0.0%), while the other leaders experienced a decline in the export price figures.

Medical Instruments Imports

Imports in the Middle East

In 2022, approx. X tons of instruments used in medical sciences were imported in the Middle East; surging by 4.2% against 2021. Total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -6.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 29%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, medical instruments imports dropped to $X in 2022. The total import value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2014 when imports increased by 21% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons), Saudi Arabia (X tons) and Yemen (X tons) was the major importer of instruments used in medical sciences in the Middle East, generating 64% of total import. Israel (X tons) ranks next in terms of the total imports with a 13% share, followed by the United Arab Emirates (7.8%). The following importers - Oman (X tons) and Iran (X tons) - each accounted for a 5.7% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading 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, the largest medical instruments importing markets in the Middle East were Saudi Arabia ($X), Turkey ($X) and the United Arab Emirates ($X), together comprising 56% of total imports. Israel, Iran, Oman and Yemen lagged somewhat behind, together comprising a further 25%.

Israel, with a CAGR of +7.6%, saw the highest growth rate of the value of imports, among the main importing countries 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 the Middle East stood at $X per ton in 2022, with a decrease of -6% against the previous year. Over the period under review, the import price saw a perceptible curtailment. The pace of growth was the most pronounced in 2021 when the import price increased by 5.2%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Iran ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+1.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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