Pakistan: Medical Instruments Market 2024

Medical Instruments Market Size in Pakistan

The Pakistani medical instruments market reduced slightly to $X in 2022, shrinking by -2.3% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Medical Instruments Production in Pakistan

In value terms, medical instruments production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 56%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Medical Instruments Exports

Exports from Pakistan

In 2022, medical instruments exports from Pakistan shrank to X tons, which is down by -10.9% on the year before. Overall, exports, however, recorded strong growth. The pace of growth was the most pronounced in 2021 when exports increased by 28% against the previous year. As a result, the exports attained the peak of X tons, and then fell in the following year.

In value terms, medical instruments exports amounted to $X in 2022. The total export value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 15% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

The United States (X tons), Germany (X tons) and the UK (X tons) were the main destinations of medical instruments exports from Pakistan, together comprising 52% of total exports. China, France, Brazil, Japan, Australia, Italy and the Netherlands lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +25.6%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and the UK ($X) were the largest markets for medical instruments exported from Pakistan worldwide, with a combined 52% share of total exports. China, France, Brazil, Japan, Australia, Italy and the Netherlands lagged somewhat behind, together comprising a further 20%.

China, with a CAGR of +15.6%, saw the highest rates of growth with regard to the value of exports, among 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, growing by 12% against the previous year. Over the period under review, the export price, however, saw a deep downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Australia ($X per ton) and the United States ($X per ton), while the average price for exports to France ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (-7.9%), while the prices for the other major destinations experienced a decline.

Medical Instruments Imports

Imports into Pakistan

In 2022, approx. X tons of instruments used in medical sciences were imported into Pakistan; reducing by -2.4% on 2021. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +3.4% 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 +2.6% against 2020 indices. The growth pace was the most rapid in 2014 when imports increased by 48%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, medical instruments imports rose modestly to $X in 2022. Overall, total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 +26.4% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of 73% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of medical instruments imports to Pakistan, together comprising 56% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +14.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest medical instruments suppliers to Pakistan were China ($X), the United States ($X) and Germany ($X), together comprising 56% of total imports.

Among the main suppliers, China, with a CAGR of +15.7%, 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 instruments import price stood at $X per ton in 2022, growing by 7.2% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 17% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United Arab Emirates ($X per ton) and the United States ($X per ton), while the price for Switzerland ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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