Ireland: Diagnostic Equipment Market 2024

Diagnostic Equipment Market Size in Ireland

The Irish diagnostic equipment market contracted rapidly to $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, posted a strong expansion. As a result, consumption attained the peak level of $X, and then dropped sharply in the following year.

Diagnostic Equipment Production in Ireland

In value terms, diagnostic equipment production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt downturn. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Diagnostic Equipment Exports

Exports from Ireland

After seven years of growth, shipments abroad of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus decreased by X% to X units in 2022. Over the period under review, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. The exports peaked at X units in 2021, and then dropped in the following year.

In value terms, diagnostic equipment exports expanded markedly to $X in 2022. Overall, exports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X units) was the main destination for diagnostic equipment exports from Ireland, accounting for a X% share of total exports. Moreover, diagnostic equipment exports to the United States exceeded the volume sent to the second major destination, Germany (X units), twofold. The UK (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the UK (X% per year).

In value terms, Germany ($X), the United States ($X) and the Netherlands ($X) constituted the largest markets for diagnostic equipment exported from Ireland worldwide, with a combined X% share of total exports. France, Japan, China and the UK lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, France, with a CAGR of X%, recorded 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 average diagnostic equipment export price amounted to $X per unit, growing by X% against the previous year. Overall, the export price, however, showed a abrupt slump. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced mixed trend patterns.

Diagnostic Equipment Imports

Imports into Ireland

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 year in a row after seven years of growth. Overall, imports, however, showed a prominent increase. The growth pace was the most rapid in 2020 with an increase of X%. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, diagnostic equipment imports expanded remarkably to $X in 2022. In general, imports, however, posted strong growth. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X units), the United States (X units) and the Netherlands (X units) were the main suppliers of diagnostic equipment imports to Ireland, together accounting for X% of total imports. The UK, Germany, France, Canada, Japan and Austria lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the UK ($X) and the Netherlands ($X) constituted the largest diagnostic equipment suppliers to Ireland, together comprising X% of total imports. Germany, China, Canada, Japan, France and Austria lagged somewhat behind, together comprising a further X%.

Canada, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average diagnostic equipment import price amounted to $X per unit, surging by X% against the previous year. Overall, import price indicated a moderate increase 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 import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for France ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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