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Ireland - Artificial Joints For Orthopedic Purposes - Market Analysis, Forecast, Size, Trends and Insights
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Ireland: Orthopedic Artificial Joints Market Overview 2021

Orthopedic Artificial Joints Market Size in Ireland

In 2020, the Irish orthopedic artificial joints market decreased by -X% to $X, falling for the second year in a row after five years of growth. In general, consumption, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2020, consumption remained at a lower figure.

Orthopedic Artificial Joints Production in Ireland

In value terms, orthopedic artificial joints production shrank slightly to $X in 2020 estimated in export prices. Overall, production saw a strong increase. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, production hit record highs at $X in 2019, and then declined in the following year.

Orthopedic Artificial Joints Exports

Exports from Ireland

In 2020, shipments abroad of artificial joints for orthopedic purposes increased by X% to X tonnes, rising for the second year in a row after two years of decline. Over the period under review, exports showed resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Exports peaked at X tonnes in 2016; however, from 2017 to 2020, exports failed to regain the momentum.

In value terms, orthopedic artificial joints exports skyrocketed to $X in 2020. In general, exports saw a resilient expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. Exports peaked in 2020 and are expected to retain growth in the near future.

Exports by Country

The Netherlands (X tonnes), Belgium (X tonnes) and the U.S. (X tonnes) were the main destinations of orthopedic artificial joints exports from Ireland, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the U.S. (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) remains the key foreign market for orthopedic artificial joints exports from Ireland, comprising X% of total exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to the U.S. totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and Belgium (+X% per year).

Export Prices by Country

The average orthopedic artificial joints export price stood at $X per tonne in 2020, rising by X% against the previous year. Over the period under review, the export price posted a measured expansion. The pace of growth was the most pronounced in 2012 an increase of X% y-o-y. The export price peaked in 2020 and is likely to see steady growth in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Belgium ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced more modest paces of growth.

Orthopedic Artificial Joints Imports

Imports into Ireland

Orthopedic artificial joints imports into Ireland dropped rapidly to X tonnes in 2020, which is down by -X% against 2019. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tonnes in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

In value terms, orthopedic artificial joints imports contracted sharply to $X in 2020. Overall, imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2017 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. From 2018 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, the UK (X tonnes) constituted the largest orthopedic artificial joints supplier to Ireland, accounting for a X% share of total imports. Moreover, orthopedic artificial joints imports from the UK exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), sixfold. Switzerland (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from the UK totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Switzerland (+X% per year).

In value terms, the largest orthopedic artificial joints suppliers to Ireland were the UK ($X), Germany ($X) and the U.S. ($X), with a combined X% share of total imports. Belgium and Switzerland lagged somewhat behind, together accounting for a further X terms of the main suppliers, Switzerland (+X% per year) saw 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 average orthopedic artificial joints import price stood at $X per tonne in 2020, rising by X% against the previous year. In general, the import price enjoyed a remarkable increase. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per tonne in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for Switzerland ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for artificial joints for orthopedic purposes in the world?
+
China (4.7K tonnes) constituted the country with the largest volume of orthopedic artificial joints consumption, comprising approx. 28% of total volume. Moreover, orthopedic artificial joints consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (1.8K tonnes), threefold. The third position in this ranking was occupied by Japan (1.1K tonnes), with a 6.7% share.
What are the largest producers of artificial joints for orthopedic purposes in the world?
+
The countries with the highest volumes of orthopedic artificial joints production in 2020 were China (4.4K tonnes), Ireland (3K tonnes) and the U.S. (954 tonnes), together accounting for 49% of global production.
What are the leading suppliers of artificial joints for orthopedic purposes to Ireland?
+
In value terms, the UK ($114M), Germany ($77M) and the U.S. ($76M) were the largest orthopedic artificial joints suppliers to Ireland, with a combined 91% share of total imports. These countries were followed by Belgium and Switzerland, which together accounted for a further 5.4%.
What are the leading importers of artificial joints for orthopedic purposes from Ireland?
+
In value terms, the U.S. ($1.3B) remains the key foreign market for orthopedic artificial joints exports from Ireland, comprising 59% of total exports. The second position in the ranking was occupied by the Netherlands ($380M), with a 17% share of total exports. It was followed by Belgium, with a 11% share.
What is the average export price for artificial joints for orthopedic purposes in Ireland?
+
In 2020, the average orthopedic artificial joints export price amounted to $637,936 per tonne, increasing by 12% against the previous year.
What is the average import price for artificial joints for orthopedic purposes in Ireland?
+
In 2020, the average orthopedic artificial joints import price amounted to $597,121 per tonne, rising by 8.4% against the previous year.

Product coverage:
• Prodcom 32502235 - Artificial joints

This report provides an in-depth analysis of the orthopedic artificial joints market in Ireland. 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 2025.


Country coverage:

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Ireland
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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