Medical Ultraviolet Market

The global medical ultraviolet market is anticipated to experience a decline in consumption trend over the next eight years. By 2030, the market volume is projected to decrease to 17K tons, with a market value expected to reach $2.5B. The Dominican Republic, China, and the United States lead in consumption, while the United States and Germany are the top importers. Italy is the largest exporter, with significant increases in exports recorded for the Dominican Republic. Overall, the market shows fluctuations in consumption, production, imports, and exports, with varying trends in different countries.

Market Forecast

The medical ultraviolet market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -0.4% for the eight-year period from 2022 to 2030, which is projected to depress the market volume to 17K tons by the end of 2030.

In value terms, the market is forecast to contract with an anticipated CAGR of +2.5% for the period from 2022 to 2030, which is projected to bring the market value to $2.5B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Medical Ultraviolet Or Infrared Apparatus

In 2022, approx. 17K tons of medical ultraviolet or infrared apparatus were consumed worldwide; with an increase of 4.3% on 2021. Overall, the total consumption indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +72.4% against 2018 indices. Over the period under review, global consumption attained the peak volume in 2022 and is likely to see steady growth in the near future.

The global medical ultraviolet market revenue expanded remarkably to $2.1B in 2022, growing by 7.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a relatively flat trend pattern. Over the period under review, the global market hit record highs in 2022 and is likely to see steady growth in the near future.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were the Dominican Republic (4.6K tons), China (2.6K tons) and the United States (1.3K tons), together comprising 49% of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by the Dominican Republic (with a CAGR of +21.1%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($613M) led the market, alone. The second position in the ranking was held by Japan ($242M). It was followed by India.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to -1.1%. The remaining consuming countries recorded the following average annual rates of market growth: Japan (-3.1% per year) and India (+0.6% per year).

In 2022, the highest levels of medical ultraviolet per capita consumption was registered in the Dominican Republic (416 kg per 1000 persons), followed by Spain (13 kg per 1000 persons), Germany (8.2 kg per 1000 persons) and the United States (3.9 kg per 1000 persons), while the world average per capita consumption of medical ultraviolet was estimated at 2.2 kg per 1000 persons.

From 2012 to 2022, the average annual rate of growth in terms of the medical ultraviolet per capita consumption in the Dominican Republic totaled +19.9%. In the other countries, the average annual rates were as follows: Spain (+18.0% per year) and Germany (+7.9% per year).

Production

World Production of Medical Ultraviolet Or Infrared Apparatus

In 2022, approx. 18K tons of medical ultraviolet or infrared apparatus were produced worldwide; increasing by 2.8% compared with the previous year's figure. In general, the total production indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +66.5% against 2016 indices. The pace of growth was the most pronounced in 2019 with an increase of 39%. Over the period under review, global production hit record highs in 2022 and is likely to continue growth in years to come.

In value terms, medical ultraviolet production rose sharply to $1.9B in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 16% against the previous year. Global production peaked at $2B in 2012; however, from 2013 to 2022, production failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2022 were the Dominican Republic (6.1K tons), China (3.3K tons) and Italy (1.3K tons), together comprising 59% of global production. India, the United States, Spain, Russia, Germany, Japan, Pakistan, Brazil and Mexico lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +25.6%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Medical Ultraviolet Or Infrared Apparatus

In 2022, global medical ultraviolet imports totaled 4.3K tons, with an increase of 5.6% compared with 2021 figures. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 24%. Over the period under review, global imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, medical ultraviolet imports skyrocketed to $567M in 2022. In general, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +50.2% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of 30%. Over the period under review, global imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Imports By Country

The United States (612 tons) and Germany (599 tons) were the largest importers of medical ultraviolet or infrared apparatus in 2022, amounting to near 14% and 14% of total imports, respectively. It was distantly followed by the UK (257 tons), mixing up a 5.9% share of total imports. The following importers - France (174 tons), the Netherlands (165 tons), Switzerland (154 tons), Brazil (152 tons), Zambia (131 tons), Argentina (102 tons), Canada (97 tons), Kazakhstan (90 tons), Russia (89 tons) and Italy (82 tons) - together made up 29% of total imports.

From 2012 to 2022, the biggest increases were recorded for Zambia (with a CAGR of +69.8%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($140M) constitutes the largest market for imported medical ultraviolet or infrared apparatus worldwide, comprising 25% of global imports. The second position in the ranking was taken by Brazil ($47M), with an 8.4% share of global imports. It was followed by the UK, with a 5.4% share.

In the United States, medical ultraviolet imports expanded at an average annual rate of +18.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (+6.7% per year) and the UK (+9.7% per year).

Import Prices By Country

The average medical ultraviolet import price stood at $131,039 per ton in 2022, with an increase of 12% against the previous year. Over the last decade, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2021 an increase of 30% against the previous year. Global import price peaked in 2022 and is likely to see gradual growth in years to come.

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 Brazil ($313,275 per ton), while Zambia ($3,736 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+9.8%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Medical Ultraviolet Or Infrared Apparatus

Global medical ultraviolet exports amounted to 5.3K tons in 2022, leveling off at the previous year's figure. In general, exports enjoyed a measured expansion. The most prominent rate of growth was recorded in 2017 with an increase of 79% against the previous year. Over the period under review, the global exports reached the peak figure at 9.7K tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, medical ultraviolet exports rose rapidly to $698M in 2022. Over the period under review, total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.7% 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 +79.6% against 2015 indices. The pace of growth appeared the most rapid in 2017 with an increase of 40%. The global exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports By Country

In 2022, the Dominican Republic (1.5K tons), Italy (1.2K tons) and China (0.8K tons) was the largest exporter of medical ultraviolet or infrared apparatus in the world, achieving 66% of total export. Germany (290 tons) held a 5.4% share (based on physical terms) of total exports, which put it in second place, followed by Hungary (4.8%). Russia (207 tons), the UK (127 tons), France (101 tons), the United States (98 tons) and the Netherlands (86 tons) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Dominican Republic (with a CAGR of +201.9%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Italy ($273M) remains the largest medical ultraviolet supplier worldwide, comprising 39% of global exports. The second position in the ranking was held by the United States ($130M), with a 19% share of global exports. It was followed by the Dominican Republic, with a 10% share.

In Italy, medical ultraviolet exports expanded at an average annual rate of +21.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (+4.4% per year) and the Dominican Republic (+206.3% per year).

Export Prices By Country

In 2022, the average medical ultraviolet export price amounted to $130,887 per ton, surging by 5.9% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, medical ultraviolet export price increased by +96.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 85% against the previous year. The global export price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($1,334,663 per ton), while Hungary ($15,941 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+20.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform