Global Medical Furniture Market 2024

Medical Furniture Market Size

The global medical furniture market declined modestly to $X in 2022, dropping by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the global market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Medical Furniture Production

In value terms, medical furniture production contracted slightly to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, global production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Medical Furniture Exports

Exports

In 2022, shipments abroad of medical, surgical or veterinary furniture was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The global exports peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, medical furniture exports expanded sharply to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the global exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

In 2022, China (X units), distantly followed by Poland (X units), Germany (X units), the United States (X units), Turkey (X units) and the Czech Republic (X units) represented the major exporters of medical, surgical or veterinary furniture, together constituting X% of total exports. Taiwan (Chinese) (X units), France (X units), Canada (X units), the Netherlands (X units), Mexico (X units), Spain (X units) and the UK (X units) took a little share of total exports.

Exports from China decreased at an average annual rate of X% from 2012 to 2022. At the same time, Turkey (X%), Spain (X%), the Netherlands (X%), Poland (X%), France (X%), the Czech Republic (X%), Taiwan (Chinese) (X%), Canada (X%) and Germany (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. The UK experienced a relatively flat trend pattern. By contrast, Mexico (X%) and the United States (X%) illustrated a downward trend over the same period. Turkey (X p.p.), Poland (X p.p.) and the Czech Republic (X p.p.) significantly strengthened its position in terms of the global exports, while the United States and China saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), the United States ($X) and Germany ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of global exports. Poland, the Netherlands, Taiwan (Chinese), the Czech Republic, Canada, France, the UK, Turkey, Mexico and Spain lagged somewhat behind, together comprising a further X%.

Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average medical furniture export price amounted to $X per unit, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. The global export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per unit), while Turkey ($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 global leaders experienced more modest paces of growth.

Medical Furniture Imports

Imports

For the seventh year in a row, the global market recorded growth in overseas purchases of medical, surgical or veterinary furniture, which increased by X% to X units in 2022. In general, total imports indicated a strong increase from 2012 to 2022: its volume 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 2012 indices. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, global imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, medical furniture imports expanded modestly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 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 imports increased by X% against the previous year. Over the period under review, global imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

The United States represented the largest importing country with an import of about X units, which recorded X% of total imports. Germany (X units) ranks second in terms of the total imports with a X% share, followed by the UK (X%). France (X units), Canada (X units), the Netherlands (X units), Russia (X units), Italy (X units), Malaysia (X units), Australia (X units), Poland (X units) and Spain (X units) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to medical furniture imports into the United States stood at X%. At the same time, Malaysia (X%), Spain (X%), the UK (X%), Italy (X%), Poland (X%), Germany (X%), the Netherlands (X%) and Canada (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Russia, Australia and France experienced a relatively flat trend pattern. The United States (X p.p.) significantly strengthened its position in terms of the global imports, while Russia and France saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported medical, surgical or veterinary furniture worldwide, comprising X% of global imports. The second position in the ranking was held by Germany ($X), with a X% share of global imports. It was followed by the UK, with a X% share.

In the United States, medical furniture imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Germany (X% per year) and the UK (X% per year).

Import Prices by Country

In 2022, the average medical furniture import price amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the import price saw a pronounced downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. Global import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 the Netherlands ($X per unit), while Malaysia ($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 global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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