GCC: Diagnostic Equipment Market 2025

Diagnostic Equipment Market Size in GCC

In 2021, the GCC diagnostic equipment market decreased by -18.1% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption, however, continues to indicate a resilient expansion. As a result, consumption attained the peak level of $X, and then contracted dramatically in the following year.

Diagnostic Equipment Production in GCC

In value terms, diagnostic equipment production fell dramatically to $X in 2021 estimated in export price. In general, production, however, posted buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 78%. As a result, production attained the peak level of $X, and then dropped notably in the following year.

Diagnostic Equipment Exports

Exports in GCC

In 2021, shipments abroad of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus increased by 51% to X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, continue to indicate a mild decrease. The pace of growth was the most pronounced in 2017 when exports increased by 120%. The volume of export peaked at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, diagnostic equipment exports soared to $X in 2021. In general, exports saw pronounced growth. The most prominent rate of growth was recorded in 2017 with an increase of 114% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates prevails in exports structure, reaching X units, which was near 85% of total exports in 2021. Oman (X units) ranks second in terms of the total exports with a 6.9% share, followed by Saudi Arabia (4.7%). Bahrain (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to diagnostic equipment exports from the United Arab Emirates stood at +5.5%. At the same time, Bahrain (+21.7%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in GCC, with a CAGR of +21.7% from 2012-2021. By contrast, Oman (-8.8%) and Saudi Arabia (-22.6%) illustrated a downward trend over the same period. The United Arab Emirates (+40 p.p.) and Bahrain (+2.4 p.p.) significantly strengthened its position in terms of the total exports, while Oman and Saudi Arabia saw its share reduced by -6.7% and -35.8% from 2012 to 2021, respectively.

In value terms, the United Arab Emirates ($X) remains the largest diagnostic equipment supplier in GCC, comprising 80% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 9.6% share of total exports. It was followed by Oman, with a 6% share.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates amounted to +7.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (-9.7% per year) and Oman (-4.1% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2021, declining by -4.7% against the previous year. Over the period under review, the export price, however, showed measured growth. The most prominent rate of growth was recorded in 2016 when the export price increased by 90%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+16.7%), while the other leaders experienced more modest paces of growth.

Diagnostic Equipment Imports

Imports in GCC

In 2021, approx. X units of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus were imported in GCC; which is down by -10.5% on the previous year's figure. The total import volume increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 29% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, diagnostic equipment imports declined to $X in 2021. Total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 21% against the previous year. Over the period under review, imports reached the maximum at $X in 2020, and then declined in the following year.

Imports by Country

In 2021, the United Arab Emirates (X units) represented the key importer of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus, generating 57% of total imports. Qatar (X units) took the second position in the ranking, followed by Kuwait (X units) and Oman (X units). All these countries together took approx. 39% share of total imports. Bahrain (X units) held a minor share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of +1.3% from 2012 to 2021. At the same time, Oman (+10.6%), Bahrain (+6.6%), Qatar (+4.4%) and Kuwait (+3.5%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of +10.6% from 2012-2021. Oman (+5.3 p.p.) and Qatar (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates saw its share reduced by -8.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus in GCC, comprising 35% of total imports. The second position in the ranking was taken by Kuwait ($X), with an 11% share of total imports. It was followed by Qatar, with an 8.7% share.

In the United Arab Emirates, diagnostic equipment imports increased at an average annual rate of +4.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (+7.1% per year) and Qatar (+6.1% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2021, with a decrease of -3.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2018 an increase of 29% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2020, and then reduced slightly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+4.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform