Norway: Diagnostic Equipment Market 2025

Diagnostic Equipment Market Size in Norway

After three years of growth, the Norwegian diagnostic equipment market decreased by -7.1% to $X in 2021. In general, consumption posted strong growth. As a result, consumption attained the peak level of $X, and then fell in the following year.

Diagnostic Equipment Production in Norway

In value terms, diagnostic equipment production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of 201%. Diagnostic equipment production peaked at $X in 2020, and then shrank in the following year.

Diagnostic Equipment Exports

Exports from Norway

In 2021, approx. X units of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus were exported from Norway; growing by 24% against 2020 figures. Overall, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 28% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, diagnostic equipment exports expanded modestly to $X in 2021. In general, total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -16.5% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 48% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

France (X units), the United States (X units) and the UK (X units) were the main destinations of diagnostic equipment exports from Norway, with a combined 32% share of total exports. Sweden, Australia, Japan, Austria, Germany, Ireland, Thailand, Italy, China and Romania lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the biggest increases were recorded for Ireland (with a CAGR of +102.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), France ($X) and Germany ($X) appeared to be the largest markets for diagnostic equipment exported from Norway worldwide, together accounting for 45% of total exports. China, Japan, the UK, Austria, Sweden, Romania, Italy, Ireland, Australia and Thailand lagged somewhat behind, together comprising a further 30%.

Among the main countries of destination, Ireland, with a CAGR of +75.6%, saw 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 2021, the average diagnostic equipment export price amounted to $X per unit, declining by -16.6% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 22% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, 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 China ($X per unit), while the average price for exports to Thailand ($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 the UK (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.

Diagnostic Equipment Imports

Imports into Norway

In 2021, imports of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus into Norway skyrocketed to X units, picking up by 24% compared with 2020 figures. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 34% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, diagnostic equipment imports rose significantly to $X in 2021. In general, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +80.5% against 2015 indices. The pace of growth was the most pronounced in 2016 with an increase of 22% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X units) was the main diagnostic equipment supplier to Norway, accounting for a 322% share of total imports. Moreover, diagnostic equipment imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was taken by the UK (X units), with a 101% share.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.0% per year) and the UK (+21.6% per year).

In value terms, the United States ($X) constituted the largest supplier of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus to Norway, comprising 40% of total imports. The second position in the ranking was taken by Germany ($X), with a 9.1% share of total imports. It was followed by Sweden, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.4% per year) and Sweden (-4.3% per year).

Import Prices by Country

The average diagnostic equipment import price stood at $X per unit in 2021, dropping by -9.9% against the previous year. Over the period under review, the import price saw a mild decrease. The most prominent rate of growth was recorded in 2019 when the average import price increased by 14% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Canada ($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 (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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