EU: Ecg Market 2024

Ecg Market Size in the EU

The EU ECG market rose significantly to $X in 2022, growing by X% against the previous year. Over the period under review, consumption enjoyed resilient growth. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Ecg Production in the EU

In value terms, ECG production expanded sharply to $X in 2022 estimated in export price. In general, production saw a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Ecg Exports

Exports in the EU

After six years of growth, shipments abroad of electro-cardiographs decreased by X% to X units in 2022. The total export volume increased at an average annual rate of X% over the period 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 2017 when exports increased by X%. The volume of export peaked at X units in 2021, and then contracted in the following year.

In value terms, ECG exports shrank to $X in 2022. Total exports indicated a prominent 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 2015 indices. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The level of export peaked at $X in 2021, and then declined in the following year.

Exports by Country

In 2022, Germany (X units) was the key exporter of electro-cardiographs, comprising X% of total exports. The Netherlands (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Italy (X%). Denmark (X units), Austria (X units), France (X units) and Spain (X units) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to ECG exports from Germany stood at X%. At the same time, the Netherlands (X%), France (X%), Spain (X%) and Italy (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Denmark (X%) and Austria (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.) and Germany (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Austria (X p.p.) and Denmark (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X), Germany ($X) and Italy ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, the Netherlands, 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

The export price in the European Union stood at $X per unit in 2022, declining by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2021, and then dropped in the following year.

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 the Netherlands ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (X%), while the other leaders experienced a decline in the export price figures.

Ecg Imports

Imports in the EU

In 2022, approx. X units of electro-cardiographs were imported in the European Union; picking up by X% compared with the year before. The total import volume 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 most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, ECG imports stood at $X in 2022. Over the period under review, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany represented the major importing country with an import of about X units, which finished at X% of total imports. France (X units) took the second position in the ranking, followed by the Netherlands (X units) and Spain (X units). All these countries together took approx. X% share of total imports. Belgium (X units), Italy (X units), Austria (X units), Finland (X units), Poland (X units), Sweden (X units), Denmark (X units) and Ireland (X units) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to ECG imports into Germany stood at X%. At the same time, Finland (X%), Ireland (X%), the Netherlands (X%), Poland (X%), Spain (X%), France (X%), Sweden (X%) and Austria (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Italy (X%), Belgium (X%) and Denmark (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands, Spain and Finland increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), the Netherlands ($X) and Italy ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, the Netherlands, with a CAGR of X%, saw 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

In 2022, the import price in the European Union amounted to $X per unit, leveling off at the previous year. Import price indicated tangible growth 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, ECG import price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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