United Arab Emirates: Medical Instruments Market 2024

Medical Instruments Market Size in the United Arab Emirates

The medical instruments market in the United Arab Emirates reduced to $X in 2022, shrinking by -5.6% against the previous year. In general, consumption, however, continues to indicate a perceptible expansion. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Medical Instruments Production in the United Arab Emirates

In value terms, medical instruments production shrank to $X in 2022 estimated in export price. Overall, production, however, continues to indicate measured growth. The pace of growth appeared the most rapid in 2017 with an increase of 61%. Medical instruments production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Medical Instruments Exports

Exports from the United Arab Emirates

In 2022, medical instruments exports from the United Arab Emirates dropped slightly to X tons, shrinking by -4.2% on 2021 figures. Overall, total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +4.6% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of 67%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, medical instruments exports shrank modestly to $X in 2022. Over the period under review, exports, however, saw perceptible growth. The most prominent rate of growth was recorded in 2017 with an increase of 186% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Oman (X tons), India (X tons) and the United States (X tons) were the main destinations of medical instruments exports from the United Arab Emirates, with a combined 34% share of total exports. Saudi Arabia, China, Tanzania, Pakistan, Iraq, Yemen, Turkey, Sudan, the Netherlands and Iran lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the biggest increases were recorded for Tanzania (with a CAGR of +119.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) remains the key foreign market for instruments used in medical sciences exports from the United Arab Emirates, comprising 30% of total exports. The second position in the ranking was taken by Oman ($X), with an 11% share of total exports. It was followed by the United States, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia stood at +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+12.1% per year) and the United States (+8.4% per year).

Export Prices by Country

In 2022, the average medical instruments export price amounted to $X per ton, picking up by 4% against the previous year. Over the period under review, the export price, however, continues to indicate a slight setback. The pace of growth appeared the most rapid in 2017 when the average export price increased by 177% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Sudan ($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 Oman (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Instruments Imports

Imports into the United Arab Emirates

Medical instruments imports into the United Arab Emirates totaled X tons in 2022, remaining relatively unchanged against 2021 figures. The total import volume increased at an average annual rate of +2.3% 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 2014 when imports increased by 28% against the previous year. Imports peaked at X tons in 2020; afterwards, it flattened through to 2022.

In value terms, medical instruments imports fell to $X in 2022. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 29%. Imports peaked at $X in 2021, and then dropped slightly in the following year.

Imports by Country

China (X tons), the United States (X tons) and Mexico (X tons) were the main suppliers of medical instruments imports to the United Arab Emirates, with a combined 47% share of total imports. Germany, India, the Netherlands, Ireland, Japan, the UK, Italy, Pakistan, Serbia and Costa Rica lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the biggest increases were recorded for Costa Rica (with a CAGR of +18.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of instruments used in medical sciences to the United Arab Emirates, comprising 30% of total imports. The second position in the ranking was held by Mexico ($X), with a 12% share of total imports. It was followed by Germany, with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+11.8% per year) and Germany (-7.5% per year).

Import Prices by Country

The average medical instruments import price stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 17% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 Mexico ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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