Dominican Republic: Diagnostic Equipment Market 2025

Diagnostic Equipment Market Size in the Dominican Republic

The Dominican diagnostic equipment market fell significantly to $X in 2021, waning by -92.2% against the previous year. In general, consumption continues to indicate a abrupt decline. Over the period under review, the market attained the peak level at $X in 2020, and then dropped rapidly in the following year.

Diagnostic Equipment Production in the Dominican Republic

In value terms, diagnostic equipment production reduced to $X in 2021 estimated in export price. In general, production, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of 33% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then reduced in the following year.

Diagnostic Equipment Exports

Exports from the Dominican Republic

In 2021, approx. X units of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus were exported from the Dominican Republic; growing by 94% against the previous year's figure. Over the period under review, exports saw a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, diagnostic equipment exports soared to $X in 2021. Overall, exports showed a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for diagnostic equipment exports from the Dominican Republic, accounting for a 373% share of total exports. It was followed by the Netherlands (X units), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +45.4%.

In value terms, the United States ($X) remains the key foreign market for electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus exports from the Dominican Republic, comprising 68% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +53.4%.

Export Prices by Country

In 2021, the average diagnostic equipment export price amounted to $X per unit, dropping by -21.3% against the previous year. Over the period under review, export price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, diagnostic equipment export price decreased by -28.2% against 2016 indices. The pace of growth appeared the most rapid in 2014 an increase of 52% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the Netherlands totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.5%).

Diagnostic Equipment Imports

Imports into the Dominican Republic

In 2021, imports of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus into the Dominican Republic soared to X units, surging by 25% compared with the previous year's figure. In general, imports enjoyed strong growth. The growth pace was the most rapid in 2015 when imports increased by 294%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, diagnostic equipment imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 207%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

China (X units), the United States (X units) and the United Arab Emirates (X units) were the main suppliers of diagnostic equipment imports to the Dominican Republic.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +112.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and the Netherlands ($X) appeared to be the largest diagnostic equipment suppliers to the Dominican Republic, together accounting for 36% of total imports. These countries were followed by Japan, the UK and the United Arab Emirates, which together accounted for a further 1.7%.

Among the main suppliers, the UK, with a CAGR of +60.9%, recorded 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, jumping by 54% against the previous year. In general, the import price recorded a strong expansion. The most prominent rate of growth was recorded in 2014 an increase of 115% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices remained 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 Japan ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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