Germany: Medical Instruments Market 2024

Medical Instruments Market Size in Germany

In 2022, the German medical instruments market decreased by -5.3% to $X, falling for the fourth consecutive year after three years of growth. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Medical Instruments Production in Germany

In value terms, medical instruments production reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 9.7% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

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Medical Instruments Exports

Exports from Germany

For the third consecutive year, Germany recorded growth in shipments abroad of instruments used in medical sciences, which increased by 3.8% to X tons in 2022. The total export volume increased at an average annual rate of +3.6% 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 2013 when exports increased by 6.3%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, medical instruments exports stood at $X in 2022. The total export value increased at an average annual rate of +2.7% 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 2018 when exports increased by 12% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China (X tons), France (X tons) and the United States (X tons) were the main destinations of medical instruments exports from Germany, with a combined 20% share of total exports. Russia, the Netherlands, Spain, Italy, Switzerland, South Korea, the UK, Belgium, the Czech Republic and Austria lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +12.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for instruments used in medical sciences exports from Germany, comprising 21% of total exports. The second position in the ranking was held by China ($X), with a 7.6% share of total exports. It was followed by the Netherlands, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+7.1% per year) and the Netherlands (+10.8% per year).

Export Prices by Country

The average medical instruments export price stood at $X per ton in 2022, dropping by -2.6% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 6%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to South Korea ($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 the Netherlands (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Instruments Imports

Imports into Germany

Medical instruments imports into Germany was estimated at X tons in 2022, growing by 3.3% on the previous year. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 12%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, medical instruments imports dropped slightly to $X in 2022. The total import value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 11% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then reduced slightly in the following year.

Imports by Country

Slovenia (X tons), China (X tons) and France (X tons) were the main suppliers of medical instruments imports to Germany, together accounting for 38% of total imports.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of +135.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), the United States ($X) and Belgium ($X) constituted the largest medical instruments suppliers to Germany, with a combined 38% share of total imports. China, Poland, Malaysia, Italy, France, Slovenia, the Czech Republic, Turkey, Hungary and Vietnam lagged somewhat behind, together accounting for a further 33%.

In terms of the main suppliers, Slovenia, with a CAGR of +71.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average medical instruments import price amounted to $X per ton, with a decrease of -5.6% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 6.1%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average 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 the Netherlands ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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