Northern America: Diagnostic Equipment Market 2025

Diagnostic Equipment Market Size in Northern America

The North American diagnostic equipment market skyrocketed to $X in 2021, jumping by 18% against the previous year. In general, consumption, however, recorded a slight slump. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Diagnostic Equipment Production in Northern America

In value terms, diagnostic equipment production stood at $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 2.5% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Diagnostic Equipment Exports

Exports in Northern America

In 2021, the amount of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus exported in Northern America rose slightly to X units, surging by 3.2% on the previous year. Over the period under review, exports, however, faced a deep setback. The pace of growth appeared the most rapid in 2019 when exports increased by 15% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, diagnostic equipment exports stood at $X in 2021. Overall, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States dominates exports structure, reaching X units, which was near 90% of total exports in 2021. It was distantly followed by Canada (X units), mixing up a 10% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to diagnostic equipment exports from the United States stood at -12.8%. Canada (-4.7%) illustrated a downward trend over the same period. Canada (+5.2 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -5.2% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest diagnostic equipment supplier in Northern America, comprising 96% of total exports. The second position in the ranking was held by Canada ($X), with a 4.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States was relatively modest.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2021, surging by 4% against the previous year. In general, the export price showed a strong increase. The growth pace was the most rapid in 2020 an increase of 109%. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while Canada totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+15.6%).

Diagnostic Equipment Imports

Imports in Northern America

In 2021, the amount of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus imported in Northern America soared to X units, with an increase of 24% compared with the year before. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, diagnostic equipment imports surged to $X in 2021. The total import value increased at an average annual rate of +3.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States was the major importer of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus in Northern America, with the volume of imports reaching X units, which was near 88% of total imports in 2021. It was distantly followed by Canada (X units), comprising a 12% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to diagnostic equipment imports into the United States stood at +1.9%. At the same time, Canada (+4.1%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +4.1% from 2012-2021. From 2012 to 2021, the share of Canada increased by +1.9 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus in Northern America, comprising 88% of total imports. The second position in the ranking was held by Canada ($X), with an 11% share of total imports.

In the United States, diagnostic equipment imports expanded at an average annual rate of +3.7% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2021, declining by -6.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2018 when the import price increased by 31% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2020, and then reduced in the following year.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while Canada stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.8%).

Source: IndexBox Platform

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