Diagnostic Equipment Market in South Korea
In value terms, diagnostic equipment production reduced to $ in estimated in export price. Over the period under review, the total production indicated moderate growth from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2017 indices. The pace of growth was the most pronounced in 2019 with an increase of %. Over the period under review, production reached the peak level at $ in , and then fell in the following year.
The size of the diagnostic equipment market in South Korea fell remarkably to $ in , declining by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $ in , and then shrank dramatically in the following year.