
Austria - Artificial Joints for Orthopedic Purposes - Market Analysis, Forecast, Size, Trends and Insights
Austria: Orthopedic Artificial Joints Market 2023
Orthopedic Artificial Joints Market Size in Austria
In 2021, the Austrian orthopedic artificial joints market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.
Orthopedic Artificial Joints Production in Austria
In value terms, orthopedic artificial joints production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.
Orthopedic Artificial Joints Exports
Exports from Austria
Orthopedic artificial joints exports from Austria soared to X units in 2021, growing by 17% on 2020. In general, exports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2016 when exports increased by 23%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.
In value terms, orthopedic artificial joints exports rose notably to $X in 2021. The total export value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when exports increased by 26% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.
Exports by Country
Poland (X units), Hungary (X units) and Germany (X units) were the main destinations of orthopedic artificial joints exports from Austria, together accounting for 61% of total exports. The Netherlands, Belgium, Slovakia, the Czech Republic, Slovenia and Switzerland lagged somewhat behind, together comprising a further 34%.
From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +73.0%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the largest markets for orthopedic artificial joints exported from Austria were Germany ($X), the Netherlands ($X) and Poland ($X), together comprising 60% of total exports. These countries were followed by Hungary, Switzerland, Slovakia, Belgium, the Czech Republic and Slovenia, which together accounted for a further 33%.
Belgium, with a CAGR of +57.2%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2021, the average orthopedic artificial joints export price amounted to $X per unit, declining by -6.4% against the previous year. In general, the export price showed a abrupt downturn. The most prominent rate of growth was recorded in 2018 an increase of 25%. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Slovenia ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+7.3%), while the prices for the other major destinations experienced mixed trend patterns.
Orthopedic Artificial Joints Imports
Imports into Austria
In 2021, approx. X units of artificial joints for orthopedic purposes were imported into Austria; rising by 6.1% compared with 2020 figures. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 55%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.
In value terms, orthopedic artificial joints imports reached $X in 2021. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 29% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.
Imports by Country
Belgium (X units), the Netherlands (X units) and France (X units) were the main suppliers of orthopedic artificial joints imports to Austria, together accounting for 75% of total imports. Germany, Switzerland, Italy, Poland, the United States and the UK lagged somewhat behind, together accounting for a further 24%.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +148.5%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest orthopedic artificial joints suppliers to Austria were the Netherlands ($X), Belgium ($X) and Germany ($X), with a combined 77% share of total imports. France, Italy, Switzerland, Poland, the United States and the UK lagged somewhat behind, together comprising a further 23%.
Poland, with a CAGR of +146.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average orthopedic artificial joints import price stood at $X per unit in 2021, increasing by 5.4% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 14%. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the orthopedic artificial joints market in Austria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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