Asia: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in Asia

The Asian orthopedic prosthetics market rose slightly to $X in 2022, growing by X% against the previous year. In general, consumption recorded buoyant growth. The level of consumption peaked in 2022 and is likely to see gradual growth in the near future.

Orthopedic Prosthetics Production in Asia

In value terms, orthopedic prosthetics production stood at $X in 2022 estimated in export price. Over the period under review, production recorded a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Orthopedic Prosthetics Exports

Exports in Asia

Orthopedic prosthetics exports expanded sharply to X units in 2022, rising by X% against 2021. Over the period under review, exports continue to indicate a buoyant increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, orthopedic prosthetics exports declined modestly to $X in 2022. Overall, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore was the key exporting country with an export of around X units, which accounted for X% of total exports. China (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Hong Kong SAR (X%), Turkey (X%) and Thailand (X%). The following exporters - India (X units) and Taiwan (Chinese) (X units) - each recorded a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to orthopedic prosthetics exports from Singapore stood at X%. At the same time, Thailand (X%), India (X%), Turkey (X%), China (X%), Taiwan (Chinese) (X%) and Hong Kong SAR (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Singapore, Thailand, Turkey, India and China increased by X, X, X, X and X percentage points, respectively.

In value terms, Singapore ($X) remains the largest orthopedic prosthetics supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

In Singapore, orthopedic prosthetics exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, waning by X% against the previous year. Export price indicated a pronounced increase 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. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Orthopedic Prosthetics Imports

Imports in Asia

In 2022, purchases abroad of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) increased by X% to X units, rising for the second year in a row after two years of decline. Total imports indicated a resilient expansion from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, orthopedic prosthetics imports expanded markedly to $X in 2022. Total imports indicated a perceptible expansion from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

The countries with the highest levels of orthopedic prosthetics imports in 2022 were China (X units), Turkey (X units) and Japan (X units), together reaching X% of total import. Malaysia (X units) ranks next in terms of the total imports with a X% share, followed by Hong Kong SAR (X%), India (X%), South Korea (X%), Thailand (X%) and Taiwan (Chinese) (X%). Singapore (X units), Vietnam (X units), Iran (X units) and Bangladesh (X units) followed a long way behind the leaders.

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

In value terms, China ($X), Japan ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, South Korea, with a CAGR of X%, recorded the highest growth rate of 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 Asia stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the import price recorded a slight slump. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :