MENA: Diagnostic Equipment Market 2024

Diagnostic Equipment Market Size in MENA

The MENA's diagnostic equipment market skyrocketed to $X in 2023, increasing by X% against the previous year. Over the period under review, consumption continues to indicate a remarkable increase. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Diagnostic Equipment Production in MENA

In value terms, diagnostic equipment production surged to $X in 2023 estimated in export price. In general, production continues to indicate a resilient expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Diagnostic Equipment Exports

Exports in MENA

In 2023, shipments abroad of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus decreased by X% to X units for the first time since 2018, thus ending a four-year rising trend. Over the period under review, exports continue to indicate a relatively flat trend pattern. 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 reduced sharply in the following year.

In value terms, diagnostic equipment exports dropped slightly to $X in 2023. The total export 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 in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Israel represented the largest exporting country with an export of around X units, which finished at X% of total exports. It was distantly followed by Turkey (X units), generating a X% share of total exports. The United Arab Emirates (X units) held a minor share of total exports.

Exports from Israel decreased at an average annual rate of X% from 2012 to 2023. At the same time, Turkey (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. Turkey (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while Israel saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Israel ($X) remains the largest diagnostic equipment supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Israel stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2023, increasing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. Over the period under review, the export prices hit record highs at $X per unit in 2021; however, from 2022 to 2023, 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 Israel ($X per unit), while Turkey ($X per unit) was amongst the lowest.

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

Diagnostic Equipment Imports

Imports in MENA

Diagnostic equipment imports dropped to X units in 2023, declining by X% on the year before. The total import volume increased at an average annual rate of X% 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 2020 with an increase of X%. As a result, imports reached the peak of X units. From 2021 to 2023, the growth of imports remained at a lower figure.

In value terms, diagnostic equipment imports rose markedly to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2023, imports remained at a lower figure.

Imports by Country

Turkey (X units) and the United Arab Emirates (X units) were the main importers of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus in 2023, reaching approx. X% and X% of total imports, respectively. It was distantly followed by Qatar (X units), Israel (X units), Iraq (X units), Kuwait (X units) and Morocco (X units), together making up a X% share of total imports. Algeria (X units), Oman (X units), Jordan (X units), Libya (X units), Iran (X units) and Bahrain (X units) took a relatively small share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Iraq (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Israel ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports. Kuwait, Iraq, Iran, Algeria, Morocco, Qatar, Jordan, Oman, Libya and Bahrain lagged somewhat behind, together comprising a further X%.

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

In 2023, the import price in MENA amounted to $X per unit, picking up by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per unit in 2016; however, from 2017 to 2023, import prices remained at a lower figure.

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

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

Source: IndexBox Platform