Australia: Diagnostic Equipment Market 2025

Diagnostic Equipment Market Size in Australia

The Australian diagnostic equipment market reduced modestly to $X in 2021, standing approx. at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +20.8% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Diagnostic Equipment Exports

Exports from Australia

In 2021, overseas shipments of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus increased by 47% to X units for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, saw a abrupt descent. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, diagnostic equipment exports skyrocketed to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 32% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

New Zealand (X units), the United States (X units) and China (X units) were the main destinations of diagnostic equipment exports from Australia, with a combined 52% share of total exports. Germany, Japan, Indonesia, Singapore, France, the Netherlands, Papua New Guinea, Hong Kong SAR, Vietnam and India lagged somewhat behind, together comprising a further 35%.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +24.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for diagnostic equipment exported from Australia were New Zealand ($X), the United States ($X) and Germany ($X), with a combined 53% share of total exports. These countries were followed by China, Japan, Singapore, Indonesia, France, the Netherlands, Papua New Guinea, Vietnam, Hong Kong SAR and India, which together accounted for a further 34%.

In terms of the main countries of destination, Indonesia, with a CAGR of +41.0%, 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 2021, shrinking by -19.5% against the previous year. Over the period under review, the export price, however, continues to indicate significant growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 250%. The export price peaked at $X per unit in 2020, and then fell remarkably in the following year.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were India ($X per unit) and Singapore ($X per unit), while the average price for exports to Papua New Guinea ($X per unit) and Hong Kong SAR ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+35.7%), while the prices for the other major destinations experienced more modest paces of growth.

Diagnostic Equipment Imports

Imports into Australia

In 2021, supplies from abroad of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus increased by 2.2% to X units, rising for the second consecutive year after four years of decline. Overall, imports, however, saw a perceptible contraction. The pace of growth was the most pronounced in 2014 with an increase of 30% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, diagnostic equipment imports rose markedly to $X in 2021. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 15% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, the United States (X units) constituted the largest diagnostic equipment supplier to Australia, accounting for a 36% share of total imports. Moreover, diagnostic equipment imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. Japan (X units) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to -6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-9.8% per year) and Japan (+6.8% per year).

In value terms, the United States ($X) constituted the largest supplier of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus to Australia, comprising 34% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by Germany, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.7% per year) and Germany (+0.1% per year).

Import Prices by Country

In 2021, the average diagnostic equipment import price amounted to $X per unit, surging by 3.7% against the previous year. Overall, the import price saw prominent growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 134% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+27.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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