Austria: Diagnostic Equipment Market 2024

Diagnostic Equipment Market Size in Austria

For the eighth year in a row, the Austrian diagnostic equipment market recorded growth in sales value, which increased by 2.5% to $X in 2021. Overall, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +114.5% against 2013 indices. Diagnostic equipment consumption peaked in 2021 and is likely to continue growth in the near future.

Diagnostic Equipment Production in Austria

In value terms, diagnostic equipment production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 8.7% against the previous year. Diagnostic equipment production peaked at $X in 2020, and then declined slightly in the following year.

Diagnostic Equipment Exports

Exports from Austria

In 2021, shipments abroad of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus increased by 9.8% to X units for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 14% against the previous year. The exports peaked at X units in 2016; afterwards, it flattened through to 2021.

In value terms, diagnostic equipment exports surged to $X in 2021. The total export value increased at an average annual rate of +5.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for diagnostic equipment exports from Austria, accounting for a 34% share of total exports. Moreover, diagnostic equipment exports to Germany exceeded the volume sent to the second major destination, the United States (X units), threefold. The third position in this ranking was held by France (X units), with an 8.9% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-2.2% per year) and France (+1.2% per year).

In value terms, Germany ($X) emerged as the key foreign market for electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus exports from Austria, comprising 26% of total exports. The second position in the ranking was taken by France ($X), with an 11% share of total exports. It was followed by China, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +12.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+7.4% per year) and China (-0.3% per year).

Export Prices by Country

The average diagnostic equipment export price stood at $X per unit in 2021, with an increase of 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2014 an increase of 15% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+31.1%), while the prices for the other major destinations experienced more modest paces of growth.

Diagnostic Equipment Imports

Imports into Austria

Diagnostic equipment imports into Austria reached X units in 2021, growing by 9.5% compared with the previous year's figure. Over the period under review, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 66% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, diagnostic equipment imports rose remarkably to $X in 2021. Overall, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +24.4% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 55% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

South Korea (X units), Germany (X units) and China (X units) were the main suppliers of diagnostic equipment imports to Austria, with a combined 64% share of total imports. These countries were followed by Romania, the Netherlands, the United States, France and Denmark, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +305.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and South Korea ($X) appeared to be the largest diagnostic equipment suppliers to Austria, with a combined 55% share of total imports. The Netherlands, Romania, the United States, France and Denmark lagged somewhat behind, together accounting for a further 28%.

In terms of the main suppliers, Romania, with a CAGR of +285.2%, 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 2021, the average diagnostic equipment import price amounted to $X per unit, with an increase of 1.6% against the previous year. In general, the import price, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2013 an increase of 14% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.

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 the United States ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :