EU: Diagnostic Equipment Market 2024

Diagnostic Equipment Market Size in the EU

The EU diagnostic equipment market surged to $X in 2023, increasing by X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Diagnostic Equipment Production in the EU

In value terms, diagnostic equipment production expanded markedly to $X in 2023 estimated in export price. The total production indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Diagnostic Equipment Exports

Exports in the EU

In 2023, approx. X units of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus were exported in the European Union; jumping by X% on the previous year. Over the period under review, exports saw a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure in 2023 and are expected to retain growth in the immediate term.

In value terms, diagnostic equipment exports rose rapidly to $X in 2023. Total exports indicated a strong increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the near future.

Exports by Country

Ireland (X units), the Netherlands (X units) and Germany (X units) represented roughly X% of total exports in 2023. It was distantly followed by Italy (X units) and Slovakia (X units), together achieving a X% share of total exports. Poland (X units), Denmark (X units), Austria (X units), France (X units), Belgium (X units) and Spain (X units) followed a long way behind the leaders.

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

In value terms, Germany ($X), the Netherlands ($X) and Ireland ($X) constituted the countries with the highest levels of exports in 2023, together accounting for X% of total exports. Belgium, Italy, France, Austria, Poland, Denmark, Spain and Slovakia lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the export price recorded a perceptible decline. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Austria (X%), while the other leaders experienced more modest paces of growth.

Diagnostic Equipment Imports

Imports in the EU

For the eighth year in a row, the European Union recorded growth in purchases abroad of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus, which increased by X% to X units in 2023. Overall, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of import peaked in 2023 and is likely to see steady growth in years to come.

In value terms, diagnostic equipment imports surged to $X in 2023. Over the period under review, imports posted a strong expansion. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2023 and are expected to retain growth in the near future.

Imports by Country

The Netherlands (X units), Germany (X units) and Italy (X units) represented roughly X% of total imports in 2023. Spain (X units) took the next position in the ranking, followed by France (X units). All these countries together held near X% share of total imports. The following importers - Ireland (X units), Belgium (X units) and Poland (X units) - together made up X% of total imports.

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

In value terms, Germany ($X), the Netherlands ($X) and France ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports. Italy, Spain, Poland, Belgium and Ireland lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Ireland, with a CAGR of X%, recorded 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 the European Union stood at $X per unit in 2023, picking up by X% against the previous year. Overall, the import price, however, showed a slight curtailment. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform