Ireland: Diagnostic Equipment Market 2024

Diagnostic Equipment Market Size in Ireland

The Irish diagnostic equipment market fell rapidly to $X in 2021, with a decrease of -97.3% against the previous year. Over the period under review, consumption continues to indicate a significant contraction. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Diagnostic Equipment Production in Ireland

In value terms, diagnostic equipment production expanded significantly to $X in 2021 estimated in export price. In general, production showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 when the production volume increased by 19% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Diagnostic Equipment Exports

Exports from Ireland

In 2021, the amount of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus exported from Ireland soared to X units, increasing by 65% compared with the year before. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 216%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, diagnostic equipment exports soared to $X in 2021. Over the period under review, exports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of 92%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for diagnostic equipment exports from Ireland, with a 215% share of total exports. Moreover, diagnostic equipment exports to the United States exceeded the volume sent to the second major destination, Germany (X units), twofold. The UK (X units) ranked third in terms of total exports with a 90% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +30.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+28.2% per year) and the UK (+25.3% per year).

In value terms, the largest markets for diagnostic equipment exported from Ireland were Germany ($X), the United States ($X) and the UK ($X), with a combined 27% share of total exports.

Germany, with a CAGR of +53.9%, recorded the highest growth rate of 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, growing by 6.7% against the previous year. In general, the export price, however, faced a abrupt curtailment. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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 France ($X per unit), while the average price for exports to the United States ($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 Germany (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.

Diagnostic Equipment Imports

Imports into Ireland

After seven years of growth, purchases abroad of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus decreased by -16.8% to X units in 2021. In general, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2020 when imports increased by 117% against the previous year. As a result, imports attained the peak of X units, and then contracted sharply in the following year.

In value terms, diagnostic equipment imports reduced remarkably to $X in 2021. Overall, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 118% against the previous year. As a result, imports attained the peak of $X, and then contracted significantly in the following year.

Imports by Country

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

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +65.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), the United States ($X) and the UK ($X) appeared to be the largest diagnostic equipment suppliers to Ireland, with a combined 34% share of total imports. These countries were followed by Mexico, Germany, China, Japan and France, which together accounted for a further 28%.

Mexico, with a CAGR of +25.7%, saw the highest growth rate of the value of imports, among 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, stabilizing at the previous year. Overall, the import price, however, continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2013 when the average import price increased by 21%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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