EU: Ecg Market 2024

Ecg Market Size in the EU

The EU ECG market declined to $X in 2023, shrinking by X% against the previous year. In general, consumption, however, continues to indicate a prominent expansion. The level of consumption peaked at $X in 2022, and then declined in the following year.

Ecg Production in the EU

In value terms, ECG production expanded modestly to $X in 2023 estimated in export price. In general, production, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

Ecg Exports

Exports in the EU

In 2023, overseas shipments of electro-cardiographs increased by X% to X units, rising for the eighth year in a row after two years of decline. Total exports indicated a remarkable increase from 2012 to 2023: its volume 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, exports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure in 2023 and are expected to retain growth in the immediate term.

In value terms, ECG exports expanded markedly to $X in 2023. In general, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports attained the maximum in 2023 and are expected to retain growth in the near future.

Exports by Country

Germany was the major exporting country with an export of about X units, which amounted to X% of total exports. The Netherlands (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Spain (X%) and Italy (X%). Denmark (X units), Slovakia (X units) and Austria (X units) followed a long way behind the leaders.

Exports from Germany increased at an average annual rate of X% from 2012 to 2023. At the same time, Slovakia (X%), Spain (X%), the Netherlands (X%) and Italy (X%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. By contrast, Denmark (X%) and Austria (X%) illustrated a downward trend over the same period. The Netherlands (X p.p.), Spain (X p.p.), Germany (X p.p.) and Slovakia (X p.p.) significantly strengthened its position in terms of the total exports, while Austria and Denmark saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ECG supplying countries in the European Union were Germany ($X), the Netherlands ($X) and Italy ($X), with a combined X% share of total exports. Slovakia, Austria, Denmark and Spain lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Slovakia, 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

In 2023, the export price in the European Union amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. 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 stood at a somewhat lower figure.

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

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

Ecg Imports

Imports in the EU

In 2023, supplies from abroad of electro-cardiographs decreased by X% to X units for the first time since 2011, thus ending a eleven-year rising trend. Total imports indicated a tangible expansion from 2012 to 2023: its volume 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, imports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then dropped in the following year.

In value terms, ECG imports rose significantly to $X in 2023. Over the period under review, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of import peaked in 2023 and is likely to continue growth in the near future.

Imports by Country

In 2023, Germany (X units) represented the major importer of electro-cardiographs, creating X% of total imports. The Netherlands (X units) took the second position in the ranking, followed by France (X units) and Spain (X units). All these countries together held approx. X% share of total imports. The following importers - Austria (X units), Italy (X units), Denmark (X units), Sweden (X units), Finland (X units) and Belgium (X units) - together made up X% of total imports.

Imports into Germany increased at an average annual rate of X% from 2012 to 2023. At the same time, the Netherlands (X%), Finland (X%), Spain (X%), France (X%), Sweden (X%) and Austria (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2023. By contrast, Italy (X%), Denmark (X%) and Belgium (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.), Spain (X p.p.), France (X p.p.) and Finland (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Italy (X p.p.), Denmark (X p.p.), Belgium (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X), Germany ($X) and Italy ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports.

The Netherlands, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries 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 the European Union amounted to $X per unit, with an increase of X% against the previous year. Import price indicated a temperate 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 pace of growth was the most pronounced in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2020; however, from 2021 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 Italy ($X per unit), while Spain ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform