Belgium: Diagnostic Equipment Market 2025

Diagnostic Equipment Market Size in Belgium

The Belgian diagnostic equipment market dropped markedly to $X in 2021, falling by -53.3% against the previous year. In general, consumption continues to indicate a noticeable decrease. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Diagnostic Equipment Production in Belgium

In value terms, diagnostic equipment production plummeted to $X in 2021 estimated in export price. Over the period under review, production, however, saw a remarkable increase. The growth pace was the most rapid in 2016 with an increase of 427% against the previous year. Diagnostic equipment production peaked at $X in 2020, and then declined sharply in the following year.

Diagnostic Equipment Exports

Exports from Belgium

In 2021, exports of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus from Belgium skyrocketed to X units, jumping by 24% on the previous year's figure. In general, exports showed a remarkable increase. The pace of growth was the most pronounced in 2018 when exports increased by 121% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, diagnostic equipment exports rose markedly to $X in 2021. Overall, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of 205% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

The Netherlands (X units), Germany (X units) and Norway (X units) were the main destinations of diagnostic equipment exports from Belgium, together accounting for 37% of total exports. These countries were followed by France, Italy, Chile, the UK, Chad, Spain, Sweden, Turkey, the Czech Republic and Poland, which together accounted for a further 34%.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +84.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Italy ($X) appeared to be the largest markets for diagnostic equipment exported from Belgium worldwide, with a combined 34% share of total exports. These countries were followed by the UK, Spain, Norway, Poland, the Netherlands, the Czech Republic, Chile, Sweden, Turkey and Chad, which together accounted for a further 31%.

Chile, with a CAGR of +93.2%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2021, the average diagnostic equipment export price amounted to $X per unit, declining by -13.7% against the previous year. Over the period under review, the export price, however, posted a temperate expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by 38%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Chad ($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 Spain (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Diagnostic Equipment Imports

Imports into Belgium

After four years of growth, purchases abroad of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus decreased by -8.8% to X units in 2021. Overall, imports, however, continue to indicate a mild expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 76% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, diagnostic equipment imports expanded to $X in 2021. Over the period under review, total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +102.3% against 2016 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 30% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Germany (X units) constituted the largest diagnostic equipment supplier to Belgium, accounting for a 58% share of total imports. Moreover, diagnostic equipment imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), sixfold. The United States (X units) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +26.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-3.3% per year) and the United States (-10.3% per year).

In value terms, the United States ($X), Germany ($X) and the Netherlands ($X) constituted the largest diagnostic equipment suppliers to Belgium, together accounting for 63% of total imports. These countries were followed by Israel, the UK, China, France, Malaysia, South Korea, Mexico, Canada, Singapore and Slovenia, which together accounted for a further 27%.

Slovenia, with a CAGR of +94.6%, recorded the highest rates of growth with regard to 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

The average diagnostic equipment import price stood at $X per unit in 2021, surging by 14% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, diagnostic equipment import price decreased by -21.6% against 2017 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 32% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Israel ($X per unit), while the price for Slovenia ($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 (+24.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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