Malaysia: Diagnostic Equipment Market 2025

Diagnostic Equipment Market Size in Malaysia

The Malaysian diagnostic equipment market dropped sharply to $X in 2021, falling by -64.1% against the previous year. In general, consumption recorded a abrupt descent. Diagnostic equipment consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Diagnostic Equipment Production in Malaysia

In value terms, diagnostic equipment production contracted to $X in 2021 estimated in export price. Over the period under review, the total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +13.2% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 29% against the previous year. Diagnostic equipment production peaked at $X in 2020, and then declined in the following year.

Diagnostic Equipment Exports

Exports from Malaysia

For the third year in a row, Malaysia recorded growth in overseas shipments of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus, which increased by 25% to X units in 2021. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 106%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, diagnostic equipment exports rose rapidly to $X in 2021. Over the period under review, exports saw buoyant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 70%. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the near future.

Exports by Country

The United States (X units), China (X units) and Germany (X units) were the main destinations of diagnostic equipment exports from Malaysia.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +82.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus exports from Malaysia, comprising 30% of total exports. The second position in the ranking was held by Germany ($X), with a 15% share of total exports. It was followed by Japan, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+24.8% per year) and Japan (+58.1% per year).

Export Prices by Country

In 2021, the average diagnostic equipment export price amounted to $X per unit, falling by -10% against the previous year. Overall, the export price showed a noticeable curtailment. The most prominent rate of growth was recorded in 2015 an increase of 8.4%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the average export prices failed to regain momentum.

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 Japan ($X per unit), while the average price for exports to Canada ($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 Japan (+35.1%), while the prices for the other major destinations experienced more modest paces of growth.

Diagnostic Equipment Imports

Imports into Malaysia

In 2021, overseas purchases of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus increased by 25% to X units, rising for the third consecutive year after five years of decline. In general, total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +3.1% 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 +91.5% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of 36%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, diagnostic equipment imports expanded notably to $X in 2021. Over the period under review, total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.4% 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 +91.0% against 2018 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 48% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, the United States (X units) was the main supplier of diagnostic equipment to Malaysia, accounting for a 479% share of total imports. Moreover, diagnostic equipment imports from the United States exceeded the figures recorded by the second-largest supplier, Japan (X units), sevenfold. China (X units) ranked third in terms of total imports with a 65% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+23.7% per year) and China (+39.8% per year).

In value terms, the largest diagnostic equipment suppliers to Malaysia were Japan ($X), the United States ($X) and China ($X), with a combined 77% share of total imports.

In terms of the main suppliers, Japan, with a CAGR of +39.5%, 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, waning by -15.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2014 when the average import price increased by 16% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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 South Korea ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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