India: X-Ray Apparatus Market 2025

X-Ray Apparatus Market Size in India

In 2022, the Indian x-ray apparatus market decreased by -11.8% to $X, falling for the second consecutive year after five years of growth. Over the period under review, consumption, however, showed resilient growth. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

X-Ray Apparatus Production in India

In value terms, x-ray apparatus production rose to $X in 2022 estimated in export price. Overall, production, however, showed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 179% against the previous year. X-ray apparatus production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

X-Ray Apparatus Exports

Exports from India

In 2022, shipments abroad of x-ray apparatus increased by 42% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 52%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, x-ray apparatus exports soared to $X in 2022. Overall, exports, however, showed a perceptible decline. The pace of growth appeared the most rapid in 2016 when exports increased by 51%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for x-ray apparatus exports from India, accounting for a 63% share of total exports. Moreover, x-ray apparatus exports to the United States exceeded the volume sent to the second major destination, Nepal (X units), ninefold. The third position in this ranking was taken by Japan (X units), with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (+47.2% per year) and Japan (-12.4% per year).

In value terms, the United States ($X), the Netherlands ($X) and Nepal ($X) constituted the largest markets for x-ray apparatus exported from India worldwide, together accounting for 37% of total exports. Germany, Japan, South Africa, Canada, Spain, Malaysia and Singapore lagged somewhat behind, together comprising a further 16%.

In terms of the main countries of destination, South Africa, with a CAGR of +82.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average x-ray apparatus export price amounted to $X per unit, declining by -10.8% against the previous year. Over the period under review, the export price continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2017 an increase of 136% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, 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 the Netherlands ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+45.6%), while the prices for the other major destinations experienced more modest paces of growth.

X-Ray Apparatus Imports

Imports into India

In 2022, purchases abroad of x-ray apparatus increased by 46% to X units, rising for the second consecutive year after three years of decline. Over the period under review, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 47%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, x-ray apparatus imports amounted to $X in 2022. Overall, imports showed a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 52%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of x-ray apparatus to India, with a 32% share of total imports. Moreover, x-ray apparatus imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), twofold. The United States (X units) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+29.2% per year) and the United States (+1.0% per year).

In value terms, China ($X), the United States ($X) and Germany ($X) constituted the largest x-ray apparatus suppliers to India, with a combined 52% share of total imports. The Netherlands, the UK, Japan, Malaysia, Singapore, South Korea, France, Sweden and Italy lagged somewhat behind, together comprising a further 42%.

In terms of the main suppliers, Sweden, with a CAGR of +23.5%, 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

The average x-ray apparatus import price stood at $X per unit in 2022, shrinking by -27.6% against the previous year. Over the period under review, the import price continues to indicate a mild slump. The growth pace was the most rapid in 2018 an increase of 46% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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