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Report Azerbaijan - Electro-Diagnostic Apparatus, and Ultra-Violet or Infra-Red Ray Apparatus - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Feb 1, 2025

Azerbaijan - Electro-Diagnostic Apparatus, and Ultra-Violet or Infra-Red Ray Apparatus - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Diagnostic Equipment Market 2025

Diagnostic Equipment Market Size in Azerbaijan

The Azerbaijani diagnostic equipment market declined to $X in 2021, dropping by -11.6% against 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). In general, consumption, however, faced a drastic downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Diagnostic Equipment Exports

Exports from Azerbaijan

In 2021, after three years of decline, there was significant growth in shipments abroad of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus, when their volume increased by 14% to X units. Overall, exports, however, continue to indicate a sharp reduction. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, diagnostic equipment exports skyrocketed to $X in 2021. Over the period under review, exports, however, faced a dramatic curtailment. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units), the UK (X units) and Italy (X units) were the main destinations of diagnostic equipment exports from Azerbaijan, together accounting for 75% of total exports.

From 2017 to 2021, the biggest increases were recorded for Germany (with a CAGR of +10.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X), Germany ($X) and Italy ($X) appeared to be the largest markets for diagnostic equipment exported from Azerbaijan worldwide, with a combined 62% share of total exports.

Germany, with a CAGR of +28.3%, saw the highest growth rate of the value of exports, among the main countries of destination 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, growing by 182% against the previous year. Overall, the export price continues to indicate a significant increase. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to South Korea ($X per unit) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+144.8%), while the prices for the other major destinations experienced more modest paces of growth.

Diagnostic Equipment Imports

Imports into Azerbaijan

In 2021, purchases abroad of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus was finally on the rise to reach X units after two years of decline. Overall, imports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2014 with an increase of 64% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, diagnostic equipment imports dropped rapidly to $X in 2021. Over the period under review, imports, however, faced a deep contraction. The growth pace was the most rapid in 2014 when imports increased by 62%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Turkey (X units), China (X units) and the Netherlands (X units) were the main suppliers of diagnostic equipment imports to Azerbaijan, with a combined 38% share of total imports. These countries were followed by Finland, Germany, Japan, the United States and South Korea, which together accounted for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +13.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Finland ($X), the Netherlands ($X) and China ($X) constituted the largest diagnostic equipment suppliers to Azerbaijan, with a combined 43% share of total imports.

In terms of the main suppliers, China, with a CAGR of +13.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average diagnostic equipment import price amounted to $X per unit, declining by -20.6% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 27%. The import price peaked at $X per unit in 2020, and then fell rapidly in the following year.

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 Finland ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The United States remains the largest diagnostic equipment consuming country worldwide, accounting for 49% of total volume. Moreover, diagnostic equipment consumption in the United States exceeded the figures recorded by the second-largest consumer, China, threefold. The third position in this ranking was occupied by Japan, with a 7.2% share.
The United States remains the largest diagnostic equipment producing country worldwide, comprising approx. 57% of total volume. Moreover, diagnostic equipment production in the United States exceeded the figures recorded by the second-largest producer, China, threefold. Japan ranked third in terms of total production with a 7% share.
In value terms, China, South Korea and Germany constituted the largest diagnostic equipment suppliers to Azerbaijan, with a combined 56% share of total imports. These countries were followed by Austria, the United States, Japan and the UK, which together accounted for a further 35%.
In value terms, Italy and Germany appeared to be the largest markets for diagnostic equipment exported from Azerbaijan worldwide.
In 2021, the average diagnostic equipment export price amounted to $551,700 per ton, with an increase of 37% against the previous year.
The average diagnostic equipment import price stood at $148,998 per ton in 2021, surging by 35% against the previous year.

This report provides an in-depth analysis of the diagnostic equipment market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 26601230 - Electro-cardiographs
  • Prodcom 26601280 - Electro-diagnostic, apparatus (excluding electrocardiographs), n .e.c.
  • Prodcom 26601300 - Ultraviolet or infrared apparatus used in medical, surgical, d ental or veterinary sciences

Country coverage:

  • Azerbaijan

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Azerbaijan
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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