Medical or Laboratory Sterilizer Market

The global market for medical, surgical, and laboratory sterilizers is expected to continue growing over the next eight years, with a forecasted CAGR of +3.1% in volume and +7.5% in value from 2022 to 2030. Despite a decline in consumption in 2022, the overall trend has shown resilient growth over the past decade. The top consuming countries in 2022 were China, the United States, and India, while China dominated in production and exports. Imports saw fluctuations in volume and value, with the United States and India being major importers in 2022. Overall, the industry is experiencing changes in production, imports, exports, and prices, with various countries showing different growth rates and trends.

Market Forecast

Driven by increasing demand for medical, surgical or laboratory sterilizers worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.1% for the period from 2022 to 2030, which is projected to bring the market volume to 2.8M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +7.5% for the period from 2022 to 2030, which is projected to bring the market value to $5.4B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Medical, Surgical or Laboratory Sterilizers

In 2022, after three years of growth, there was significant decline in consumption of medical, surgical or laboratory sterilizers, when its volume decreased by -15.2% to 2.2M units. Overall, consumption, however, posted a strong expansion. As a result, consumption reached the peak volume of 2.6M units, and then contracted notably in the following year.

The global medical or laboratory sterilizer market size skyrocketed to $3B in 2022, rising by 17% 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). Over the period under review, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at $3.3B in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (586K units), the United States (321K units) and India (227K units), together comprising 52% of global consumption. Turkey, Cambodia, Pakistan, Hong Kong SAR, Italy, Egypt, Japan, South Africa, Russia and the United Arab Emirates lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Pakistan (with a CAGR of +48.7%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest medical or laboratory sterilizer markets worldwide were Turkey ($477M), the United States ($460M) and India ($452M), with a combined 46% share of the global market. Russia, Italy, Japan, China, Pakistan, Hong Kong SAR, the United Arab Emirates, South Africa, Egypt and Cambodia lagged somewhat behind, together comprising a further 27%.

Pakistan, with a CAGR of +45.9%, saw the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of medical or laboratory sterilizer per capita consumption in 2022 were Hong Kong SAR (8.8 units per 1000 persons), Cambodia (5 units per 1000 persons) and the United Arab Emirates (3.6 units per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +45.0%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Medical, Surgical or Laboratory Sterilizers

In 2022, production of medical, surgical or laboratory sterilizers was finally on the rise to reach 2.6M units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, production posted a strong increase. The pace of growth was the most pronounced in 2018 with an increase of 58% against the previous year. Over the period under review, global production attained the maximum volume at 2.8M units in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

In value terms, medical or laboratory sterilizer production expanded rapidly to $1.8B in 2022 estimated in export price. The total output value increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when the production volume increased by 21% against the previous year. As a result, production reached the peak level of $1.9B. From 2019 to 2022, global production growth failed to regain momentum.

Production By Country

The country with the largest volume of medical or laboratory sterilizer production was China (1.7M units), comprising approx. 65% of total volume. Moreover, medical or laboratory sterilizer production in China exceeded the figures recorded by the second-largest producer, Italy (146K units), more than tenfold. Turkey (125K units) ranked third in terms of total production with a 4.8% share.

From 2012 to 2022, the average annual growth rate of volume in China amounted to +11.8%. In the other countries, the average annual rates were as follows: Italy (+15.1% per year) and Turkey (+15.2% per year).

Imports

World Imports of Medical, Surgical or Laboratory Sterilizers

After six years of growth, purchases abroad of medical, surgical or laboratory sterilizers decreased by -37.3% to 1.4M units in 2022. Over the period under review, imports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by 122% against the previous year. As a result, imports attained the peak of 2.3M units, and then declined significantly in the following year.

In value terms, medical or laboratory sterilizer imports declined to $1.3B in 2022. The total import value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 7.7%. Over the period under review, global imports reached the maximum at $1.3B in 2021, and then contracted modestly in the following year.

Imports By Country

The United States (351K units) and India (264K units) represented roughly 43% of total imports in 2022. It was distantly followed by Cambodia (85K units), generating a 6% share of total imports. The following importers - Belarus (58K units), Egypt (55K units), Canada (43K units), South Africa (42K units), the United Arab Emirates (37K units), Malaysia (33K units), Mozambique (33K units), Russia (30K units), France (25K units) and the Philippines (25K units) - together made up 26% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Mozambique (with a CAGR of +66.9%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($228M) constitutes the largest market for imported medical, surgical or laboratory sterilizers worldwide, comprising 18% of global imports. The second position in the ranking was taken by Russia ($67M), with a 5.3% share of global imports. It was followed by France, with a 3.6% share.

In the United States, medical or laboratory sterilizer imports increased at an average annual rate of +4.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Russia (-1.3% per year) and France (+3.0% per year).

Import Prices By Country

In 2022, the average medical or laboratory sterilizer import price amounted to $890 per unit, surging by 59% against the previous year. In general, the import price, however, recorded a deep contraction. Global import price peaked at $2,856 per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 Russia ($2,252 per unit), while Cambodia ($8.6 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (-2.3%), while the other global leaders experienced a decline in the import price figures.

Exports

World Exports of Medical, Surgical or Laboratory Sterilizers

In 2022, approx. 1.9M units of medical, surgical or laboratory sterilizers were exported worldwide; falling by -12.6% on the previous year. In general, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by 122% against the previous year. Over the period under review, the global exports attained the maximum at 2.2M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, medical or laboratory sterilizer exports reached $1.2B in 2022. The total export value increased at an average annual rate of +1.0% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 10% against the previous year. As a result, the exports reached the peak of $1.2B; afterwards, it flattened through to 2022.

Exports By Country

China prevails in exports structure, recording 1.1M units, which was approx. 61% of total exports in 2022. Belarus (151K units) held an 8% share (based on physical terms) of total exports, which put it in second place, followed by Italy (5%) and Australia (4.8%). The following exporters - Germany (42K units), India (37K units), the United States (30K units) and Spain (29K units) - each amounted to a 7.4% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to medical or laboratory sterilizer exports from China stood at +9.3%. At the same time, Belarus (+20.0%), Spain (+18.7%), Australia (+17.4%), Italy (+14.2%), Germany (+7.4%) and India (+6.1%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the world, with a CAGR of +20.0% from 2012-2022. By contrast, the United States (-2.7%) illustrated a downward trend over the same period. China (+9.2 p.p.), Belarus (+5.4 p.p.), Australia (+2.8 p.p.) and Italy (+2.3 p.p.) significantly strengthened its position in terms of the global exports, while the United States saw its share reduced by -2.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($208M), China ($140M) and the United States ($124M) constituted the countries with the highest levels of exports in 2022, with a combined 39% share of global exports. Germany, Spain, Australia, India and Belarus lagged somewhat behind, together comprising a further 16%.

In terms of the main exporting countries, Australia, with a CAGR of +27.8%, recorded the highest growth rate of the value of exports, 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 or laboratory sterilizer export price amounted to $646 per unit, rising by 15% against the previous year. In general, the export price, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2013 an increase of 36% against the previous year. As a result, the export price reached the peak level of $1,645 per unit. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($4,145 per unit), while Belarus ($2.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+8.9%), while the other global leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform