Southern Asia: Medical Steriliser Market 2024

Medical Steriliser Market Size in Southern Asia

The South Asian medical steriliser market reduced slightly to $X in 2022, shrinking by -1.6% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Medical Steriliser Production in Southern Asia

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

Medical Steriliser Exports

Exports in Southern Asia

In 2022, overseas shipments of medical, surgical or laboratory sterilisers decreased by -37.5% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, continue to indicate a mild expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 90%. As a result, the exports reached the peak of X units, and then shrank dramatically in the following year.

In value terms, medical steriliser exports dropped notably to $X in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 108%. As a result, the exports attained the peak of $X, and then shrank notably in the following year.

Exports by Country

India dominates exports structure, amounting to X units, which was near 98% of total exports in 2022. Pakistan (X units) followed a long way behind the leaders.

India was also the fastest-growing in terms of the medical, surgical or laboratory sterilisers exports, with a CAGR of +2.0% from 2012 to 2022. Pakistan (-12.0%) illustrated a downward trend over the same period. India (+6 p.p.) significantly strengthened its position in terms of the total exports, while Pakistan saw its share reduced by -5.8% from 2012 to 2022, respectively.

In value terms, India ($X) remains the largest medical steriliser supplier in Southern Asia, comprising 98% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 2.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India was relatively modest.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, dropping by -14.2% against the previous year. In general, the export price continues to indicate a mild decline. The pace of growth was the most pronounced in 2017 when the export price increased by 16% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($X per unit), while India totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-1.1%).

Medical Steriliser Imports

Imports in Southern Asia

In 2022, overseas purchases of medical, surgical or laboratory sterilisers decreased by -22.6% to X units, falling for the second year in a row after three years of growth. Total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.6% 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 -24.1% against 2020 indices. The pace of growth was the most pronounced in 2016 when imports increased by 60%. Over the period under review, imports attained the maximum at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, medical steriliser imports fell sharply to $X in 2022. Total imports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by 43%. Over the period under review, imports attained the peak figure at $X in 2021, and then fell dramatically in the following year.

Imports by Country

India was the major importer of medical, surgical or laboratory sterilisers in Southern Asia, with the volume of imports reaching X units, which was approx. 52% of total imports in 2022. It was distantly followed by Bangladesh (X units) and Pakistan (X units), together mixing up a 38% share of total imports. Nepal (X units), Sri Lanka (X units) and Maldives (X units) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Maldives (with a CAGR of +21.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported medical, surgical or laboratory sterilisers in Southern Asia, comprising 57% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 24% share of total imports. It was followed by Pakistan, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at -1.2%. In the other countries, the average annual rates were as follows: Bangladesh (+9.8% per year) and Pakistan (+6.6% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, declining by -7.5% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by 10% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nepal ($X per unit), while Maldives ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (+0.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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