Germany: Diagnostic Equipment Market 2024

Diagnostic Equipment Market Size in Germany

The German diagnostic equipment market surged to $X in 2023, rising by X% against the previous year. In general, consumption, however, continues to indicate a noticeable decline. Diagnostic equipment consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Diagnostic Equipment Production in Germany

In value terms, diagnostic equipment production amounted to $X in 2023 estimated in export price. Overall, the total production indicated a moderate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2023, production growth remained at a lower figure.

Diagnostic Equipment Exports

Exports from Germany

In 2023, after six years of growth, there was decline in overseas shipments of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus, when their volume decreased by X% to X units. Overall, exports, however, continue to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at X units in 2022, and then fell slightly in the following year.

In value terms, diagnostic equipment exports dropped to $X in 2023. In general, total exports indicated a pronounced increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked at $X in 2022, and then fell slightly in the following year.

Exports by Country

The Netherlands (X units) was the main destination for diagnostic equipment exports from Germany, with a X% share of total exports. Moreover, diagnostic equipment exports to the Netherlands exceeded the volume sent to the second major destination, the United States (X units), threefold. Italy (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Italy (X% per year).

In value terms, the largest markets for diagnostic equipment exported from Germany were the United States ($X), the Netherlands ($X) and China ($X), together accounting for X% of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of X%, 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

The average diagnostic equipment export price stood at $X per unit in 2023, remaining stable against the previous year. Over the period under review, the export price, however, saw a mild descent. The growth pace was the most rapid in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2023, 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 the United States ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Diagnostic Equipment Imports

Imports into Germany

In 2023, imports of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus into Germany stood at X units, approximately mirroring the year before. Over the period under review, imports showed buoyant growth. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, diagnostic equipment imports soared to $X in 2023. Overall, imports posted a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2023 and are likely to continue growth in the immediate term.

Imports by Country

The United States (X units), the Netherlands (X units) and China (X units) were the main suppliers of diagnostic equipment imports to Germany, together comprising X% of total imports. Ireland, Hungary, the UK, Austria, Malaysia, Poland and Mexico lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Hungary (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

From 2012 to 2023, the average annual growth rate of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2023, the average diagnostic equipment import price amounted to $X per unit, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible downturn. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ireland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform