CIS: Diagnostic Equipment Market 2024

Diagnostic Equipment Market Size in CIS

The CIS diagnostic equipment market expanded significantly to $X in 2022, surging by X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Diagnostic Equipment Production in CIS

In value terms, diagnostic equipment production rose remarkably to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Diagnostic Equipment Exports

Exports in CIS

In 2022, overseas shipments of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus decreased by X% to X units, falling for the second year in a row after four years of growth. Overall, exports recorded a pronounced reduction. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, diagnostic equipment exports declined dramatically to $X in 2022. In general, exports showed a slight reduction. The pace of growth was the most pronounced in 2020 when exports increased by X%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia (X units) represented roughly X% of total exports in 2022.

Russia 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. Russia (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest diagnostic equipment supplier in the CIS.

In Russia, diagnostic equipment exports declined by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in the CIS stood at $X per unit in 2022, with an increase of X% against the previous year. Export price indicated a pronounced expansion from 2012 to 2022: its price 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, diagnostic equipment export price increased by X% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to X% per year.

Diagnostic Equipment Imports

Imports in CIS

In 2022, supplies from abroad of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus decreased by X% to X units, falling for the second consecutive year after two years of growth. Overall, imports saw a mild shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, diagnostic equipment imports totaled $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Russia was the key importing country with an import of around X units, which accounted for X% of total imports. It was distantly followed by Kazakhstan (X units), mixing up a X% share of total imports. Azerbaijan (X units) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to diagnostic equipment imports into Russia stood at X%. Kazakhstan experienced a relatively flat trend pattern. Azerbaijan (X%) illustrated a downward trend over the same period. Kazakhstan (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus in the CIS, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia was relatively modest. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Azerbaijan (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per unit, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

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 Russia ($X per unit), while Kazakhstan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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