Middle East: Diagnostic Equipment Market 2024

Diagnostic Equipment Market Size in the Middle East

The Middle Eastern diagnostic equipment market skyrocketed to $X in 2023, increasing by X% against the previous year. Over the period under review, consumption posted buoyant growth. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Diagnostic Equipment Production in the Middle East

In value terms, diagnostic equipment production surged to $X in 2023 estimated in export price. Overall, production enjoyed buoyant growth. The most prominent rate of growth was recorded 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 lower figure.

Diagnostic Equipment Exports

Exports in the Middle East

In 2023, overseas shipments 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 saw a relatively flat trend pattern. The growth pace was the most rapid in 2022 when exports increased by X%. As a result, the exports reached the peak of X units, and then declined sharply in the following year.

In value terms, diagnostic equipment exports declined modestly to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was 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 lower figure.

Exports by Country

Israel represented the main exporting country with an export of around X units, which reached X% of total exports. It was distantly followed by Turkey (X units), committing a X% share of total exports. The United Arab Emirates (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to diagnostic equipment exports from Israel stood at X%. 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 the Middle East, with a CAGR of X% from 2012-2023. While the share of Turkey (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Israel (X p.p.) displayed negative dynamics.

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

In Israel, diagnostic equipment exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Turkey (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X per unit, jumping 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 attained the maximum 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 the Middle East

In 2023, diagnostic equipment imports in the Middle East fell to X units, which is down by X% on 2022 figures. 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 in certain years. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure at X units in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

In value terms, diagnostic equipment imports stood at $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 consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Turkey (X units) and the United Arab Emirates (X units) represented the key importers of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus in 2023, recording approx. X% and X% of total imports, respectively. Qatar (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Israel (X%), Iraq (X%) and Kuwait (X%). Oman (X units) held a relatively small share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading 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, the largest diagnostic equipment importing markets in the Middle East were Turkey ($X), Israel ($X) and the United Arab Emirates ($X), together comprising X% of total imports. Kuwait, Iraq, Qatar and Oman lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Oman, 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 the Middle East stood at $X per unit in 2023, surging by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

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

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

Source: IndexBox Platform