ASEAN: Orthopedic Artificial Joints Market 2024

Orthopedic Artificial Joints Market Size in ASEAN

The ASEAN orthopedic artificial joints market rose to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in years to come.

Orthopedic Artificial Joints Production in ASEAN

In value terms, orthopedic artificial joints production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Orthopedic Artificial Joints Exports

Exports in ASEAN

In 2022, overseas shipments of artificial joints for orthopedic purposes increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, orthopedic artificial joints exports rose to $X in 2022. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore prevails in exports structure, amounting to X units, which was near X% of total exports in 2022. It was distantly followed by Malaysia (X units), making up a X% share of total exports. The Philippines (X units) followed a long way behind the leaders.

Singapore was also the fastest-growing in terms of the artificial joints for orthopedic purposes exports, with a CAGR of X% from 2012 to 2022. At the same time, the Philippines (X%) and Malaysia (X%) displayed positive paces of growth. Singapore (X p.p.) and the Philippines (X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Singapore ($X) remains the largest orthopedic artificial joints supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Singapore amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: the Philippines (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price, however, continues to indicate buoyant growth. The growth pace was the most rapid in 2013 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, 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 Singapore ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced mixed trends in the export price figures.

Orthopedic Artificial Joints Imports

Imports in ASEAN

Orthopedic artificial joints imports surged to X units in 2022, picking up by X% on the year before. In general, imports recorded a resilient increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, orthopedic artificial joints imports skyrocketed to $X in 2022. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Singapore (X units) and Malaysia (X units) were the main importers of artificial joints for orthopedic purposes in ASEAN, together comprising X% of total imports. Thailand (X units) ranks next in terms of the total imports with a X% share, followed by Vietnam (X%) and Indonesia (X%).

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported artificial joints for orthopedic purposes in ASEAN, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Thailand (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, rising by X% against the previous year. Import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, orthopedic artificial joints import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of X%. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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