Global X-Ray Apparatus Market 2024

X-Ray Apparatus Market Size

The global x-ray apparatus market soared to $X in 2022, increasing by 23% against the previous year. Overall, consumption posted significant growth. Over the period under review, the global market attained the maximum level in 2022 and is likely to see steady growth in years to come.

X-Ray Apparatus Production

In value terms, x-ray apparatus production soared to $X in 2022 estimated in export price. In general, production continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 123% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, global production growth failed to regain momentum.

X-Ray Apparatus Exports

Exports

In 2022, shipments abroad of x-ray apparatus increased by 62% to X units, rising for the fourth year in a row after two years of decline. Over the period under review, total exports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +90.0% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, x-ray apparatus exports dropped to $X in 2022. The total export value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 11% against the previous year. As a result, the exports reached the peak of $X, leveling off in the following year.

Exports by Country

The United States represented the largest exporting country with an export of around X units, which resulted at 41% of total exports. It was distantly followed by China (X units), Spain (X units), India (X units) and Italy (X units), together making up a 31% share of total exports. South Korea (X units), the UK (X units), Germany (X units), France (X units), Japan (X units), the Netherlands (X units) and Finland (X units) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the x-ray apparatus exports, with a CAGR of +26.1% from 2012 to 2022. At the same time, China (+16.3%), South Korea (+15.4%), Spain (+6.0%), Italy (+4.4%), France (+2.2%) and Japan (+1.7%) displayed positive paces of growth. Finland and India experienced a relatively flat trend pattern. By contrast, Germany (-4.2%), the Netherlands (-8.9%) and the UK (-20.5%) illustrated a downward trend over the same period. The United States (+36 p.p.), China (+10 p.p.), South Korea (+2.9 p.p.) and Spain (+2 p.p.) significantly strengthened its position in terms of the global exports, while India, Germany, the Netherlands and the UK saw its share reduced by -1.8%, -3.6%, -3.7% and -45.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest x-ray apparatus supplying countries worldwide were Germany ($X), China ($X) and the Netherlands ($X), together comprising 54% of global exports. The United States, Japan, France, the UK, South Korea, Italy, Finland, Spain and India lagged somewhat behind, together accounting for a further 37%.

In terms of the main exporting countries, South Korea, with a CAGR of +9.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average x-ray apparatus export price amounted to $X per unit, with a decrease of -38.4% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+29.5%), while the other global leaders experienced more modest paces of growth.

X-Ray Apparatus Imports

Imports

In 2022, supplies from abroad of x-ray apparatus decreased by -6.7% to X units, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of 47% against the previous year. Over the period under review, global imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, x-ray apparatus imports contracted to $X in 2022. The total import value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 9.2%. Over the period under review, global imports reached the peak figure at $X in 2021, and then dropped modestly in the following year.

Imports by Country

In 2022, Spain (X units), followed by the Netherlands (X units), the United States (X units) and the UK (X units) represented the main importers of x-ray apparatus, together generating 35% of total imports. France (X units), China (X units), India (X units), Slovakia (X units), Egypt (X units), the Philippines (X units), Canada (X units), Italy (X units) and Germany (X units) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +37.4%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and the UK ($X) were the countries with the highest levels of imports in 2022, with a combined 45% share of global imports. France, the Netherlands, Germany, India, Spain, Italy, Canada, the Philippines, Egypt and Slovakia lagged somewhat behind, together comprising a further 17%.

The Philippines, with a CAGR of +17.2%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average x-ray apparatus import price stood at $X per unit in 2022, picking up by 6% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, x-ray apparatus import price increased by +58.5% against 2020 indices. The pace of growth was the most pronounced in 2013 an increase of 98%. Global import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+46.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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