Greece: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in Greece

For the third year in a row, the Greek orthopedic prosthetics market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption posted a resilient increase. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in years to come.

Orthopedic Prosthetics Exports

Exports from Greece

In 2022, the amount of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) exported from Greece rose sharply to X units, increasing by X% against the previous year. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, orthopedic prosthetics exports soared to $X in 2022. Over the period under review, exports continue to indicate noticeable growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Libya (X units), Egypt (X units) and Algeria (X units) were the main destinations of orthopedic prosthetics exports from Greece, with a combined X% share of total exports. North Macedonia, Morocco, the Netherlands, Kosovo, Romania, Belgium, Cyprus, France and Peru lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kosovo (with a CAGR of X.0%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) exports from Greece, comprising X% of total exports. The second position in the ranking was taken by Egypt ($X), with an X% share of total exports. It was followed by Algeria, with an X% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (X% per year) and Algeria (X% per year).

Export Prices by Country

In 2022, the average orthopedic prosthetics export price amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Kosovo (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (X%), while the prices for the other major destinations experienced a decline.

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Orthopedic Prosthetics Imports

Imports into Greece

For the third year in a row, Greece recorded growth in overseas purchases of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints), which increased by X% to X units in 2022. In general, imports posted a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, orthopedic prosthetics imports soared to $X in 2022. Overall, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X units), India (X units) and Belgium (X units) were the main suppliers of orthopedic prosthetics imports to Greece, together accounting for X% of total imports. China, Italy, Germany, France, Ireland and the UK lagged somewhat behind, together accounting for a further X%.

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

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

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Germany (X% per year).

Import Prices by Country

The average orthopedic prosthetics import price stood at $X per unit in 2022, waning by X% against the previous year. In general, the import price showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2019 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for India ($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 Netherlands (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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