Asia-Pacific: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in Asia-Pacific

The Asia-Pacific ophthalmic instruments market expanded modestly to $X in 2022, surging by X% against the previous year. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2012 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Ophthalmic Instruments Production in Asia-Pacific

In value terms, ophthalmic instruments production reached $X in 2022 estimated in export price. The total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Ophthalmic Instruments Exports

Exports in Asia-Pacific

In 2022, the amount of ophthalmic instruments and appliances exported in Asia-Pacific rose significantly to X units, with an increase of X% against the previous year. The total export volume increased at an average annual rate of X% 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 2021 with an increase of X%. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, ophthalmic instruments exports expanded slightly to $X in 2022. Total exports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

In 2022, China (X units), distantly followed by Japan (X units), Singapore (X units), South Korea (X units), Hong Kong SAR (X units) and Malaysia (X units) were the largest exporters of ophthalmic instruments and appliances, together creating X% of total exports. Taiwan (Chinese) (X units) held a relatively small share of total exports.

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

In value terms, Japan ($X), Singapore ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Singapore, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, which is down by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

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

Ophthalmic Instruments Imports

Imports in Asia-Pacific

Ophthalmic instruments imports skyrocketed to X units in 2022, growing by X% against 2021. In general, imports recorded a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, ophthalmic instruments imports expanded remarkably to $X in 2022. Total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

China prevails in imports structure, accounting for X units, which was approx. X% of total imports in 2022. Japan (X units) took the second position in the ranking, followed by Malaysia (X units) and India (X units). All these countries together took near X% share of total imports. South Korea (X units), Australia (X units), Hong Kong SAR (X units) and Singapore (X units) held a little share of total imports.

China was also the fastest-growing in terms of the ophthalmic instruments and appliances imports, with a CAGR of X% from 2012 to 2022. At the same time, South Korea (X%), Malaysia (X%), India (X%), Singapore (X%) and Japan (X%) displayed positive paces of growth. Hong Kong SAR experienced a relatively flat trend pattern. By contrast, Australia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported ophthalmic instruments and appliances in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by India, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and India (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, which is down by X% against the previous year. In general, the import price continues to indicate a perceptible decrease. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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