China - Instruments Used In Medical Sciences - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

China - Instruments Used In Medical Sciences - Market Analysis, Forecast, Size, Trends And Insights

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Medical Instruments Price in China - 2023

Contents:

  1. Medical Instruments Price in China (CIF) - 2023
  2. Medical Instruments Price in China (FOB) - 2023
  3. Medical Instruments Imports in China
  4. Medical Instruments Exports in China

Medical Instruments Price in China (CIF) - 2023

The average medical instruments import price stood at $323K per ton in June 2023, with a decrease of -9.7% against the previous month. Overall, the import price continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in February 2023 an increase of 15% m-o-m. The import price peaked at $418K per ton in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Ireland ($1.3M per ton), while the price for the Dominican Republic ($89,278 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Medical Instruments Price in China (FOB) - 2023

The average medical instruments export price stood at $34,828 per ton in June 2023, declining by -2.4% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 19% against the previous month. Over the period under review, the average export prices attained the maximum at $43,370 per ton in December 2022; however, from January 2023 to June 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was the Netherlands ($45,831 per ton), while the average price for exports to Poland ($21,252 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Instruments Imports in China

In 2022, purchases abroad of instruments used in medical sciences decreased by -6.9% to 14K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +3.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 17%. As a result, imports attained the peak of 15K tons, and then dropped in the following year.

In value terms, medical instruments imports stood at $5.5B in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +16.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 38%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Import of Medical Instruments in China (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States9969621,2471,37511.3%
Mexico4675591,0591,32541.6%
Japan6567598317524.7%
Germany608575688561-2.6%
Ireland12416725731736.7%
Costa Rica94.215020523134.9%
Vietnam11412620020722.0%
Israel99.896.616216217.5%
Puerto RicoN/A94.91531118.2%
Italy20.124.852.356.541.1%
Dominican Republic6.910.922.721.846.7%
Taiwan (Chinese)17.313.212.014.4-5.9%
Pakistan8.410.610.58.81.6%
Others26630943638513.1%
Total3,4773,8585,3375,52816.7%

Top Suppliers of Medical Instruments to China in 2022:

  1. Mexico (2.5K tons)
  2. Germany (2.1K tons)
  3. United States (1.9K tons)
  4. Japan (1.9K tons)
  5. Vietnam (1.3K tons)
  6. Taiwan (Chinese) (1.2K tons)
  7. Pakistan (0.4K tons)
  8. Italy (0.4K tons)
  9. Costa Rica (0.3K tons)
  10. Ireland (0.3K tons)
  11. Israel (0.2K tons)
  12. Puerto Rico (0.2K tons)
  13. Dominican Republic (0.2K tons)

Medical Instruments Exports in China

For the fourth year in a row, China recorded growth in shipments abroad of instruments used in medical sciences, which increased by 3.2% to 105K tons in 2022. The total export volume increased at an average annual rate of +11.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 19% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, medical instruments exports expanded rapidly to $3.7B in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +18.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.2% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 31%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Export of Medical Instruments in China (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States6789628881,11418.0%
Germany19022326327713.4%
Japan13013818923121.1%
Netherlands66.473.892.313326.1%
India66.974.411813225.4%
Brazil52.673.710612433.1%
South Korea48.159.484.810630.1%
Russia53.871.888.410625.4%
Italy53.472.167.989.518.8%
United Kingdom55.985.168.977.911.7%
France35.341.557.470.926.2%
Turkey32.841.962.466.726.7%
Indonesia22.727.242.750.530.5%
Others7149311,1001,12116.2%
Total2,2002,8763,2293,69918.9%

Top Export Markets for Medical Instruments from China in 2022:

  1. United States (29.9K tons)
  2. Germany (7.6K tons)
  3. Japan (6.4K tons)
  4. India (3.8K tons)
  5. Russia (3.6K tons)
  6. Netherlands (2.9K tons)
  7. Brazil (2.8K tons)
  8. Italy (2.8K tons)
  9. France (2.4K tons)
  10. United Kingdom (2.2K tons)
  11. South Korea (2.2K tons)
  12. Turkey (2.0K tons)
  13. Indonesia (1.8K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the medical instruments market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 32501333 - Instruments and apparatus for measuring blood-pressure (including sphygmomanometers, tensiometers, oscillometers)
  • Prodcom 32501335 - Endoscopes for medical purposes
  • Prodcom 32501353 - Renal dialysis equipment
  • Prodcom 32501355 - Diathermic apparatus (including ultrasonic)
  • Prodcom 32501363 - Transfusion apparatus (excluding special blood storage glass bottles)
  • Prodcom 32501365 - Anaesthetic apparatus and instruments
  • Prodcom 32501370 - Instruments and appliances used in medical, surgical or veterinary sciences, n.e.s.

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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Free Data: Instruments Used In Medical Sciences - China