Vietnam: Diagnostic Equipment Market 2024

Diagnostic Equipment Market Size in Vietnam

The Vietnamese diagnostic equipment market stood at $X in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, showed a perceptible decline. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Diagnostic Equipment Production in Vietnam

In value terms, diagnostic equipment production totaled $X in 2022 estimated in export price. In general, production, however, continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Diagnostic Equipment Exports

Exports from Vietnam

In 2022, diagnostic equipment exports from Vietnam skyrocketed to X units, growing by X% compared with the previous year. Over the period under review, exports showed a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, diagnostic equipment exports skyrocketed to $X in 2022. In general, exports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X units), the Netherlands (X units) and Hong Kong SAR (X units) were the main destinations of diagnostic equipment exports from Vietnam, together accounting for X% of total exports. The United Arab Emirates, Japan, Mexico, Taiwan (Chinese), Singapore and India lagged somewhat behind, together accounting for a further X%.

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

In value terms, the United States ($X), the Netherlands ($X) and Hong Kong SAR ($X) were the largest markets for diagnostic equipment exported from Vietnam worldwide, together comprising X% of total exports. Japan, the United Arab Emirates, Mexico, Taiwan (Chinese), Singapore and India lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Mexico, 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 average diagnostic equipment export price stood at $X per unit in 2022, declining by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to the United Arab Emirates ($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 Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

Diagnostic Equipment Imports

Imports into Vietnam

In 2022, approx. X units of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus were imported into Vietnam; with a decrease of X% against the previous year's figure. Overall, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, diagnostic equipment imports dropped notably to $X in 2022. In general, imports continue to indicate a perceptible contraction. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Japan (X units), China (X units) and Germany (X units) were the main suppliers of diagnostic equipment imports to Vietnam, together accounting for X% of total imports. Ireland, South Korea, the United States and Mexico lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest diagnostic equipment suppliers to Vietnam were China ($X), South Korea ($X) and Japan ($X), together accounting for X% of total imports. Germany, the United States, Ireland and Mexico lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Mexico, 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

The average diagnostic equipment import price stood at $X per unit in 2022, increasing by X% against the previous year. In general, import price indicated a temperate 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 decreased by X% against 2019 indices. Over the period under review, average import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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