EU: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in the EU

The EU orthopedic prosthetics market rose modestly to $X in 2022, surging by X% against the previous year. The total consumption indicated a prominent 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, consumption decreased by X% against 2019 indices. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Orthopedic Prosthetics Production in the EU

In value terms, orthopedic prosthetics production soared to $X in 2022 estimated in export price. The total production indicated a temperate increase 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, production decreased by X% against 2018 indices. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Orthopedic Prosthetics Exports

Exports in the EU

Orthopedic prosthetics exports was estimated at X units in 2022, leveling off at the previous year. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, orthopedic prosthetics exports fell to $X in 2022. Total exports indicated resilient growth 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, exports increased by X% against 2014 indices. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, leveling off in the following year.

Exports by Country

The Netherlands represented the main exporting country with an export of around X units, which amounted to X% of total exports. It was distantly followed by Belgium (X units), Germany (X units), Ireland (X units), France (X units) and Austria (X units), together mixing up a X% share of total exports. Spain (X units) followed a long way behind the leaders.

The Netherlands was also the fastest-growing in terms of the artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) exports, with a CAGR of X% from 2012 to 2022. At the same time, Spain (X%), Belgium (X%) and Ireland (X%) displayed positive paces of growth. Austria experienced a relatively flat trend pattern. By contrast, Germany (X%) and France (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands and Belgium increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest orthopedic prosthetics supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with an X% share of total exports. It was followed by Germany, with an X% share.

In the Netherlands, orthopedic prosthetics exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, waning by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2021, and then contracted slightly in the following year.

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

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

Orthopedic Prosthetics Imports

Imports in the EU

In 2022, orthopedic prosthetics imports in the European Union stood at X units, with an increase of X% against the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, orthopedic prosthetics imports fell slightly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then fell modestly in the following year.

Imports by Country

In 2022, the Netherlands (X units), distantly followed by Belgium (X units), Spain (X units), France (X units), Germany (X units) and Ireland (X units) represented the main importers of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints), together committing X% of total imports. The following importers - Italy (X units), Greece (X units), Poland (X units), Austria (X units) and the Czech Republic (X units) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Ireland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constitutes the largest market for imported artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) in the European Union, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Belgium, with an X% share.

In the Netherlands, orthopedic prosthetics imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Germany (X% per year) and Belgium (X% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per unit, shrinking by X% against the previous year. In general, the import price showed a slight decline. The pace of growth appeared the most rapid in 2020 when the import price increased by X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while Ireland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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