Africa: Diagnostic Equipment Market 2024

Diagnostic Equipment Market Size in Africa

The African diagnostic equipment market expanded rapidly to $X in 2023, growing by X% against the previous year. The total consumption indicated a moderate 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. Based on 2023 figures, consumption decreased by X% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market remained at a lower figure.

Diagnostic Equipment Production in Africa

In value terms, diagnostic equipment production rose significantly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Diagnostic Equipment Exports

Exports in Africa

For the fourth consecutive year, Africa recorded decline in shipments abroad of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus, which decreased by X% to X units in 2023. In general, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, diagnostic equipment exports rose remarkably to $X in 2023. Over the period under review, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

South Africa dominates exports structure, amounting to X units, which was near X% of total exports in 2023. Tunisia (X units) ranks second in terms of the total exports with a X% share, followed by Morocco (X%). Egypt (X units), Benin (X units) and Sierra Leone (X units) followed a long way behind the leaders.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2023. At the same time, Egypt (X%) and Sierra Leone (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. By contrast, Morocco (X%), Benin (X%) and Tunisia (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.), Morocco (X p.p.), Egypt (X p.p.) and Benin (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Tunisia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest diagnostic equipment supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Tunisia ($X), with a X% share of total exports. It was followed by Egypt, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in South Africa stood at X%. In the other countries, the average annual rates were as follows: Tunisia (X% per year) and Egypt (X% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2023, growing by X% against the previous year. Export price indicated a buoyant increase from 2012 to 2023: its price 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 growth pace was the most rapid in 2013 an increase of X%. The level of export peaked in 2023 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Egypt ($X per unit), while Benin ($X per unit) was amongst the lowest.

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

Diagnostic Equipment Imports

Imports in Africa

In 2023, supplies from abroad of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus increased by X% to X units, rising for the second year in a row after two years of decline. Overall, imports posted a measured increase. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, imports reached the peak of X units. From 2020 to 2023, the growth of imports failed to regain momentum.

In value terms, diagnostic equipment imports dropped slightly to $X in 2023. Over the period under review, imports posted a temperate increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports attained the peak of $X. From 2020 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Nigeria was the main importing country with an import of around X units, which accounted for X% of total imports. South Africa (X units) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Mozambique (X%), Madagascar (X%), Tanzania (X%) and Zambia (X%). Morocco (X units), Ethiopia (X units), Algeria (X units), Zimbabwe (X units), Togo (X units), Libya (X units) and Kenya (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to diagnostic equipment imports into Nigeria stood at X%. At the same time, Mozambique (X%), Madagascar (X%), Zambia (X%), South Africa (X%), Togo (X%), Kenya (X%), Morocco (X%), Ethiopia (X%) and Libya (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. Algeria and Zimbabwe experienced a relatively flat trend pattern. By contrast, Tanzania (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.), Mozambique (X p.p.), South Africa (X p.p.), Madagascar (X p.p.) and Zambia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Zimbabwe (X p.p.) and Tanzania (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X), Algeria ($X) and Morocco ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports. Nigeria, Ethiopia, Libya, Kenya, Tanzania, Mozambique, Zimbabwe, Zambia, Madagascar and Togo lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Mozambique, with a CAGR of X%, 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

The import price in Africa stood at $X per unit in 2023, reducing by X% against the previous year. Over the period under review, the import price saw a mild setback. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The level of import peaked at $X per unit in 2017; however, from 2018 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Algeria ($X per unit), while Madagascar ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform