Europe: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in Europe

The Europe orthopedic prosthetics market totaled $X in 2022, surging by X% against the previous year. The total consumption indicated a buoyant 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 increased by X% against 2019 indices. The level of consumption peaked in 2022 and is likely to see steady growth in the near future.

Orthopedic Prosthetics Production in Europe

In value terms, orthopedic prosthetics production surged to $X in 2022 estimated in export price. The total production indicated a temperate 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. The pace of growth appeared 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 failed to regain momentum.

Orthopedic Prosthetics Exports

Exports in Europe

In 2022, approx. X units of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) were exported in Europe; increasing by X% on the previous year. The total export volume 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 most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, orthopedic prosthetics exports reduced modestly to $X in 2022. Total exports indicated a buoyant 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, exports increased by X% against 2014 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, leveling off in the following year.

Exports by Country

The Netherlands was the main exporter of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) in Europe, with the volume of exports recording X units, which was near X% of total exports in 2022. Belgium (X units) held the second position in the ranking, followed by Germany (X units), Ireland (X units), France (X units), the UK (X units) and Austria (X units). All these countries together took near X% share of total exports.

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, the UK (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. While the share of the Netherlands (X p.p.) and Belgium (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Austria (X p.p.), France (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in the Netherlands totaled X%. In the other countries, the average annual rates were as follows: Belgium (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per unit, declining by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2021, and then reduced 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 Europe

In 2022, imports of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) in Europe expanded markedly to X units, surging by X% compared with the previous year's figure. The total import volume 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 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, orthopedic prosthetics imports reached $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 pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X units), distantly followed by Belgium (X units), Spain (X units), the UK (X units), France (X units), Germany (X units) and Ireland (X units) were the main importers of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints), together committing X% of total imports. Italy (X units), Russia (X units), Greece (X units) and Poland (X units) followed a long way behind the leaders.

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

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

In the Netherlands, orthopedic prosthetics imports 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: Germany (X% per year) and Belgium (X% per year).

Import Prices by Country

In 2022, the import price in Europe amounted to $X per unit, dropping by X% against the previous year. Overall, the import price recorded a slight setback. 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 2014; however, from 2015 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 more modest paces of growth.

Source: IndexBox Platform

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