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Australia and Oceania - Instruments Used in Medical Sciences - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAustralia and Oceania: Medical Instruments Market 2024
Medical Instruments Market Size in Australia and Oceania
The medical instruments market in Australia and Oceania was estimated at $X in 2022, increasing by 7.5% against the previous year. Overall, consumption posted buoyant growth. Over the period under review, the market attained the peak level at $X in 2020; afterwards, it flattened through to 2022.
Medical Instruments Production in Australia and Oceania
In value terms, medical instruments production expanded remarkably to $X in 2022 estimated in export price. In general, production enjoyed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 16,832%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.
Medical Instruments Exports
Exports in Australia and Oceania
In 2022, shipments abroad of instruments used in medical sciences decreased by -8.1% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed a prominent expansion. The growth pace was the most rapid in 2017 with an increase of 68%. The volume of export peaked at X tons in 2021, and then contracted in the following year.
In value terms, medical instruments exports reduced sharply to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 20%. As a result, the exports attained the peak of $X, and then reduced rapidly in the following year.
Exports by Country
Australia was the major exporting country with an export of around X tons, which accounted for 87% of total exports. It was distantly followed by New Zealand (X tons), achieving a 13% share of total exports.
Australia was also the fastest-growing in terms of the instruments used in medical sciences exports, with a CAGR of +14.2% from 2012 to 2022. At the same time, New Zealand (+4.8%) displayed positive paces of growth. While the share of Australia (+13 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (-12.7 p.p.) displayed negative dynamics.
In value terms, Australia ($X) remains the largest medical instruments supplier in Australia and Oceania, comprising 72% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 28% share of total exports.
In Australia, medical instruments exports shrank by an average annual rate of -2.4% over the period from 2012-2022.
Export Prices by Country
The export price in Australia and Oceania stood at $X per ton in 2022, declining by -32.3% against the previous year. Overall, the export price showed a deep setback. The most prominent rate of growth was recorded in 2021 when the export price increased by 0.5% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+1.0%).
Medical Instruments Imports
Imports in Australia and Oceania
In 2022, after two years of growth, there was decline in purchases abroad of instruments used in medical sciences, when their volume decreased by -4.5% to X tons. The total import volume increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 10%. As a result, imports reached the peak of X tons, and then declined in the following year.
In value terms, medical instruments imports fell slightly to $X in 2022. The total import value increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 15% against the previous year. As a result, imports reached the peak of $X, and then contracted slightly in the following year.
Imports by Country
Australia dominates imports structure, recording X tons, which was near 84% of total imports in 2022. It was distantly followed by New Zealand (X tons), committing an 8.1% share of total imports. Fiji (X tons) and Papua New Guinea (X tons) followed a long way behind the leaders.
Imports into Australia increased at an average annual rate of +1.9% from 2012 to 2022. At the same time, Fiji (+14.8%) and Papua New Guinea (+2.9%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +14.8% from 2012-2022. New Zealand experienced a relatively flat trend pattern. From 2012 to 2022, the share of Fiji increased by +1.9 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Australia ($X) constitutes the largest market for imported instruments used in medical sciences in Australia and Oceania, comprising 82% of total imports. The second position in the ranking was held by New Zealand ($X), with a 15% share of total imports. It was followed by Fiji, with a 1% share.
In Australia, medical instruments imports increased at an average annual rate of +2.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+2.7% per year) and Fiji (+12.9% per year).
Import Prices by Country
The import price in Australia and Oceania stood at $X per ton in 2022, rising by 1.8% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 14% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Fiji ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+2.6%), while the other leaders experienced mixed trends in the import price figures.
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This report provides an in-depth analysis of the medical instruments market in Australia and Oceania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32501333 - Instruments and apparatus for measuring blood-pressure (including sphygmomanometers, tensiometers, oscillometers)
- Prodcom 32501335 - Endoscopes for medical purposes
- Prodcom 32501353 - Renal dialysis equipment
- Prodcom 32501355 - Diathermic apparatus (including ultrasonic)
- Prodcom 32501363 - Transfusion apparatus (excluding special blood storage glass bottles)
- Prodcom 32501365 - Anaesthetic apparatus and instruments
- Prodcom 32501370 - Instruments and appliances used in medical, surgical or veterinary sciences, n.e.s.
Country coverage:
- American Samoa
- Australia
- Cook Islands
- Fiji
- French Polynesia
- Guam
- Kiribati
- Marshall Islands
- Micronesia
- Nauru
- New Caledonia
- New Zealand
- Niue
- Northern Mariana Islands
- Palau
- Papua New Guinea
- Samoa
- Solomon Islands
- Tokelau
- Tonga
- Tuvalu
- Vanuatu
- Wallis and Futuna Islands
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in Australia and Oceania, split by region and country
- Trade (exports and imports) in Australia and Oceania
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Australia
- Cook Islands
- Fiji
- French Polynesia
- Kiribati
- Marshall Islands
- Micronesia
- New Caledonia
- New Zealand
- Northern Mariana Islands
- Palau
- Papua New Guinea
- Samoa
- Solomon Islands
- Tokelau
- Tonga
- Tuvalu
- Vanuatu
- Wallis and Futuna Islands
- American Samoa
- Nauru
- Niue
- Guam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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