Asia: Diagnostic Equipment Market 2024

Diagnostic Equipment Market Size in Asia

The Asian diagnostic equipment market amounted to $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Diagnostic Equipment Production in Asia

In value terms, diagnostic equipment production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Diagnostic Equipment Exports

Exports in Asia

In 2022, the amount of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus exported in Asia soared to X units, picking up by X% compared with the previous year. Over the period under review, exports enjoyed resilient growth. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, diagnostic equipment exports rose significantly to $X in 2022. Total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

China dominates exports structure, reaching X units, which was approx. X% of total exports in 2022. It was distantly followed by Japan (X units), committing an X% share of total exports. Israel (X units), Malaysia (X units), South Korea (X units), Hong Kong SAR (X units) and Singapore (X units) took a little share of total exports.

China was also the fastest-growing in terms of the electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus exports, with a CAGR of X% from 2012 to 2022. At the same time, Malaysia (X%), Japan (X%), Hong Kong SAR (X%) and Israel (X%) displayed positive paces of growth. Singapore experienced a relatively flat trend pattern. By contrast, South Korea (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and South Korea ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports. Hong Kong SAR, Israel, Singapore and Malaysia lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price showed a perceptible setback. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Diagnostic Equipment Imports

Imports in Asia

In 2022, imports of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus in Asia expanded sharply to X units, with an increase of X% against the previous year. Total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, diagnostic equipment imports contracted to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then declined slightly in the following year.

Imports by Country

In 2022, Japan (X units) and China (X units) represented the largest importers of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus in Asia, together committing X% of total imports. South Korea (X units) took the next position in the ranking, followed by Hong Kong SAR (X units). All these countries together held near X% share of total imports. The following importers - India (X units), Singapore (X units), the United Arab Emirates (X units), Qatar (X units), Malaysia (X units), Indonesia (X units), Turkey (X units) and Taiwan (Chinese) (X units) - together made up X% 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 Qatar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus in Asia, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

In China, diagnostic equipment imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, with a decrease of X% against the previous year. Overall, the import price saw a noticeable contraction. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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