Germany: Diagnostic Equipment Market 2024

Diagnostic Equipment Market Size in Germany

The German diagnostic equipment market soared to $X in 2021, jumping by 64% against the previous year. Over the period under review, consumption saw prominent growth. Diagnostic equipment consumption peaked in 2021 and is expected to retain growth in the near future.

Diagnostic Equipment Production in Germany

In value terms, diagnostic equipment production shrank significantly to $X in 2021 estimated in export price. In general, the total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +23.4% against 2015 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by 42%. As a result, production reached the peak level of $X, and then reduced dramatically in the following year.

Diagnostic Equipment Exports

Exports from Germany

Diagnostic equipment exports from Germany rose significantly to X units in 2021, surging by 13% against the previous year. The total export volume increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when exports increased by 14% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, diagnostic equipment exports surged to $X in 2021. The total export value increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X units) was the main destination for diagnostic equipment exports from Germany, with a 143% share of total exports. Moreover, diagnostic equipment exports to the Netherlands exceeded the volume sent to the second major destination, Spain (X units), threefold. The UK (X units) ranked third in terms of total exports with a 51% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands amounted to +25.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+21.4% per year) and the UK (+5.8% per year).

In value terms, the United States ($X), the Netherlands ($X) and China ($X) constituted the largest markets for diagnostic equipment exported from Germany worldwide, together comprising 39% of total exports.

The Netherlands, with a CAGR of +21.8%, 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

The average diagnostic equipment export price stood at $X per unit in 2021, picking up by 5.7% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 8.5% against the previous year. The export price peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Turkey ($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 United States (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Diagnostic Equipment Imports

Imports into Germany

For the fourth consecutive year, Germany recorded growth in supplies from abroad of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus, which increased by 20% to X units in 2021. In general, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +6.6% 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 +95.5% against 2014 indices. The growth pace was the most rapid in 2020 with an increase of 26% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, diagnostic equipment imports surged to $X in 2021. Over the period under review, imports recorded a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 30% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the near future.

Imports by Country

The United States (X units), the Netherlands (X units) and China (X units) were the main suppliers of diagnostic equipment imports to Germany.

From 2012 to 2021, the biggest increases were recorded for Ireland (with a CAGR of +39.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest diagnostic equipment suppliers to Germany were the United States ($X), the Netherlands ($X) and the UK ($X), with a combined 67% share of total imports. Ireland, China, Austria, Japan, Canada and India lagged somewhat behind, together accounting for a further 21%.

Among the main suppliers, Ireland, with a CAGR of +54.7%, saw the highest rates of growth with regard to 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 3.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2019 an increase of 18%. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+10.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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