Sweden: Diagnostic Equipment Market 2024

Diagnostic Equipment Market Size in Sweden

The Swedish diagnostic equipment market declined to $X in 2022, waning by X% against the previous year. The market value 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. Diagnostic equipment consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Diagnostic Equipment Production in Sweden

In value terms, diagnostic equipment production shrank to $X in 2022 estimated in export price. Overall, the total production indicated slight growth 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Diagnostic Equipment Exports

Exports from Sweden

In 2022, overseas shipments of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, diagnostic equipment exports amounted to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X units) was the main destination for diagnostic equipment exports from Sweden, accounting for a X% share of total exports. Moreover, diagnostic equipment exports to Norway exceeded the volume sent to the second major destination, the United States (X units), twofold. The third position in this ranking was taken by Japan (X units), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Norway was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Japan (X% per year).

In value terms, the largest markets for diagnostic equipment exported from Sweden were the United States ($X), Norway ($X) and Japan ($X), together comprising X% of total exports. China, the Netherlands, the UK, France, Hong Kong SAR, Spain, Slovakia, Switzerland and Belgium lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Hong Kong SAR, 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

The average diagnostic equipment export price stood at $X per unit in 2022, waning by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Slovakia ($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 the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Diagnostic Equipment Imports

Imports into Sweden

In 2022, purchases abroad of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. 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 pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked at X units in 2021, and then declined notably in the following year.

In value terms, diagnostic equipment imports reduced sharply to $X in 2022. In general, total imports indicated a measured 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. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2021, and then declined significantly in the following year.

Imports by Country

Germany (X units), Austria (X units) and the Netherlands (X units) were the main suppliers of diagnostic equipment imports to Sweden, together comprising X% of total imports. Norway, the United States, China, Belgium, Japan, Spain, Denmark, the UK, Finland and Lebanon lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X), the Netherlands ($X) and Belgium ($X) appeared to be the largest diagnostic equipment suppliers to Sweden, with a combined X% share of total imports. The United States, China, Austria, Denmark, Norway, Japan, Spain, the UK, Finland and Lebanon lagged somewhat behind, together accounting for a further X%.

Spain, 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, waning 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 2013 an increase of X% against the previous year. The import price peaked at $X per unit in 2021, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per unit), while the price for Lebanon ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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