Japan: Diagnostic Equipment Market 2025

Diagnostic Equipment Market Size in Japan

In 2021, the Japanese diagnostic equipment market increased by 4.5% to $X, rising for the seventh year in a row after two years of decline. Overall, consumption, however, saw a relatively flat trend pattern. Diagnostic equipment consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Diagnostic Equipment Production in Japan

In value terms, diagnostic equipment production dropped to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 12%. Diagnostic equipment production peaked at $X in 2020, and then contracted modestly in the following year.

Diagnostic Equipment Exports

Exports from Japan

In 2021, the amount of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus exported from Japan expanded significantly to X units, surging by 6.1% compared with the previous year. Over the period under review, exports, however, continue to indicate a perceptible slump. The pace of growth appeared the most rapid in 2019 with an increase of 15% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, diagnostic equipment exports soared to $X in 2021. The total export value increased at an average annual rate of +4.0% from 2012 to 2021; however, 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 United States (X units) was the main destination for diagnostic equipment exports from Japan, with a 365% share of total exports. Moreover, diagnostic equipment exports to the United States exceeded the volume sent to the second major destination, South Korea (X units), threefold. China (X units) ranked third in terms of total exports with a 121% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled -9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+2.2% per year) and China (+39.3% per year).

In value terms, the United States ($X), China ($X) and Germany ($X) were the largest markets for diagnostic equipment exported from Japan worldwide, with a combined 66% share of total exports. These countries were followed by the Netherlands, South Korea, Australia, the UK, Singapore, Taiwan (Chinese), Canada, Thailand, Vietnam and Saudi Arabia, which together accounted for a further 20%.

The UK, with a CAGR of +34.1%, saw 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 9.2% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +7.5% 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 increased by +35.3% against 2019 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 51% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Saudi Arabia ($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 South Korea (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Diagnostic Equipment Imports

Imports into Japan

In 2021, the amount of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus imported into Japan surged to X units, picking up by 16% against 2020 figures. The total import volume increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by 18%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, diagnostic equipment imports totaled $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 23% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of diagnostic equipment to Japan, with a 544% share of total imports. Moreover, diagnostic equipment imports from China exceeded the figures recorded by the second-largest supplier, Ireland (X units), threefold. The United States (X units) ranked third in terms of total imports with an 111% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +28.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+48.1% per year) and the United States (-14.8% per year).

In value terms, the largest diagnostic equipment suppliers to Japan were China ($X), the United States ($X) and Mexico ($X), with a combined 63% share of total imports.

Mexico, with a CAGR of +194.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, waning by -3.6% against the previous year. In general, the import price showed a perceptible reduction. The most prominent rate of growth was recorded in 2019 an increase of 13% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a 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 Germany ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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