ASEAN: Market for Medical, Surgical or Laboratory Sterilizers 2024

Market Size for Medical, Surgical or Laboratory Sterilizers in ASEAN

In 2023, the ASEAN medical or laboratory sterilizer market increased by X% to $X, rising for the third consecutive year after two years of decline. In general, consumption continues to indicate a prominent expansion. The level of consumption peaked in 2023 and is likely to see gradual growth in the near future.

Production of Medical, Surgical or Laboratory Sterilizers in ASEAN

In value terms, medical or laboratory sterilizer production surged to $X in 2023 estimated in export price. Overall, production saw a tangible expansion. The growth pace was the most rapid in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Exports of Medical, Surgical or Laboratory Sterilizers

Exports in ASEAN

In 2023, approx. X units of medical, surgical or laboratory sterilizers were exported in ASEAN; rising by X% on 2022 figures. Overall, exports posted a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the near future.

In value terms, medical or laboratory sterilizer exports skyrocketed to $X in 2023. Over the period under review, exports, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Singapore was the main exporting country with an export of around X units, which reached X% of total exports. Malaysia (X units) held the second position in the ranking, distantly followed by Thailand (X units). All these countries together held near X% share of total exports. Indonesia (X units) took a relatively small share of total exports.

From 2012 to 2023, average annual rates of growth with regard to medical or laboratory sterilizer exports from Singapore stood at X%. At the same time, Malaysia (X%), Thailand (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Malaysia and Thailand increased by X and X percentage points, respectively.

In value terms, Singapore ($X) remains the largest medical or laboratory sterilizer supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Singapore amounted to X%. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2023, shrinking by X% against the previous year. Overall, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2023, 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 Indonesia ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the export price figures.

Imports of Medical, Surgical or Laboratory Sterilizers

Imports in ASEAN

In 2023, purchases abroad of medical, surgical or laboratory sterilizers increased by X% to X units, rising for the third year in a row after two years of decline. Over the period under review, imports enjoyed buoyant growth. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports reached the maximum in 2023 and are likely to see steady growth in years to come.

In value terms, medical or laboratory sterilizer imports skyrocketed to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Malaysia (X units) and Singapore (X units) represented the key importers of medical, surgical or laboratory sterilizers in ASEAN, together committing X% of total imports. Indonesia (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (X%), the Philippines (X%) and Thailand (X%). Myanmar (X units) held a little share of total imports.

From 2012 to 2023, the biggest increases were recorded for Myanmar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest medical or laboratory sterilizer importing markets in ASEAN were Malaysia ($X), Singapore ($X) and Indonesia ($X), with a combined X% share of total imports. Vietnam, Thailand, the Philippines and Myanmar lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Myanmar, with a CAGR of X%, saw 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

The import price in ASEAN stood at $X per unit in 2023, increasing by X% against the previous year. In general, the import price, however, saw a deep setback. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2023, import prices stood at a somewhat 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 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform