Asia-Pacific: Diagnostic Equipment Market 2024

Diagnostic Equipment Market Size in Asia-Pacific

The Asia-Pacific diagnostic equipment market amounted to $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Diagnostic Equipment Production in Asia-Pacific

In value terms, diagnostic equipment production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Diagnostic Equipment Exports

Exports in Asia-Pacific

For the third year in a row, Asia-Pacific recorded growth in shipments abroad of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus, which increased by X% to X units in 2022. Over the period under review, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, diagnostic equipment exports amounted to $X in 2022. Total exports indicated a strong increase 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 pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

China dominates exports structure, amounting to X units, which was near X% of total exports in 2022. It was distantly followed by Japan (X units), mixing up an X% share of total exports. The following exporters - Malaysia (X units), South Korea (X units), Hong Kong SAR (X units) and Singapore (X units) - together made up X% 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%) and Hong Kong SAR (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. China (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore, Japan and South Korea saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest diagnostic equipment supplying countries in Asia-Pacific were China ($X), Japan ($X) and South Korea ($X), together comprising X% of total exports. Hong Kong SAR, Singapore and Malaysia lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Malaysia, with a CAGR of X%, recorded the highest rates of growth with regard to 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-Pacific amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price saw a noticeable decline. The growth pace was the most rapid in 2019 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the export prices failed to regain momentum.

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-Pacific

For the fourth year in a row, Asia-Pacific recorded growth in supplies from abroad of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus, which increased by X% to X units in 2022. Total imports indicated a buoyant 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 2013 indices. The growth pace was the most rapid in 2021 with an increase of X%. The volume of import peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, diagnostic equipment imports expanded modestly 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 in certain years. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Japan (X units) and China (X units) represented roughly X% of total imports in 2022. South Korea (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (X%), India (X%) and Australia (X%). Singapore (X units) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

In China, diagnostic equipment imports expanded 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

The import price in Asia-Pacific stood at $X per unit in 2022, waning by X% against the previous year. Overall, the import price continues to indicate a mild contraction. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 India ($X per unit), while Japan ($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.

Source: IndexBox Platform

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