Overview of the Growing Global Export Trade Value of Medical Goods
The advancement in technology and the growing global health concern regarding the increasing awareness of fatal diseases and the easy exposure to surrounding toxicity have been facilitating the overall trade rate. Ranging from medical goods and other surgical instruments, the total global export of medical goods has gained a sudden hike representative of a steady increase in global acquisitions. Diagnosing the illness spreading rapidly is not an easy deal until and unless the needy equipment is in handy: that is why the overall exports are on an upward trajectory.
According to the Global Trade Data, the total valuation of medical goods exports in 2023 stands at a staggering rate of 1.5 trillion US dollars, which is a significant increase from the export of 2019 worth 1.2 trillion US dollars. The rise in chronic inflammatory diseases and the proactive conditions of cardiovascular diseases are some of the highly attributing factors.
Top 10 Leading Global Medical Goods Export of 2023
The different leading industries' investments in the export of medical goods have been introducing wide variants for several acquisitions. According to the Global Medical Goods Export Data, the top 10 leading exports of 2023 with valuations are,
1. Pharmaceuticals - Export trade value of global Pharmaceuticals export in 2023 - 346 billion US dollars.
2. Medical Devices - Export trade value of global Medical devices export in 2023 - 245 billion US dollars.
3. Medical Supplies - Export trade value of global Medical supplies export in 2023 - 176 billion US dollars.
4. Orthopedic Appliances - Export trade value of global Orthopedic appliances export in 2023 - 124 billion US dollars.
5. Dental Products - Export trade value of global Dental products export in 2023 - 108 billion US dollars.
6. Optical Goods - Export trade value of global Optical goods export in 2023 - 87 billion US dollars.
7. Veterinary Medicines - Export trade value of global Veterinary medicines export in 2023 - 65 billion US dollars.
8. Aesthetic/Cosmetic Products - Export trade value of global Aesthetic/cosmetic products export in 2023 - 54 billion US dollars.
9. Laboratory Equipment - Export trade value of global Laboratory equipment export in 2023 - 38 billion US dollars.
10. Herbal Medicines - Export trade value of global Herbal medicines export in 2023 - 24 billion US dollars.
Top 10 Leading Medical Goods Exporting Nations Across the Globe in 2023
The increasing demand for healthcare services and medical essentials worldwide has indulged different countries in shifting their trade interest in this particular niche. According to the Global Medical Goods Trade Data, the top 10 leading medical goods exporting nations across the globe in 2023 are,
1. United States - According to the USA Export Data, the valuation of medical goods export in 2023 - 212 billion US dollars.
Que. Name the top global exporter of medical goods in 2023. Ans. The United States is the top global exporter of medical goods in 2023.
Que. What is the top global medical goods export of 2023? Ans. Pharmaceuticals are the top global medical goods export of 2023.
Que. What is the total global export trade value of medical goods in 2023? Ans. The total global export trade value of medical goods in 2023 is 1.5 trillion US dollars.
Que. Where can you get the detailed trade analysis of Global medical goods export of 2023? Ans. By subscribing to Import Globals, you can get a detailed trade analysis of Global medical goods export of 2023.