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Ireland - Artificial Parts Of The Body (Excl. Artificial Teeth And Dental Fittings And Artificial Joints) - Market Analysis, Forecast, Size, Trends and Insights
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Ireland: Orthopedic Prosthetics Market Overview 2021

Orthopedic Prosthetics Market Size in Ireland

The Irish orthopedic prosthetics market dropped to $X in 2020, with a decrease of -X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X. From 2015 to 2020, the growth of the market failed to regain the momentum.

Orthopedic Prosthetics Production in Ireland

In value terms, orthopedic prosthetics production declined to $X in 2020 estimated in export prices. In general, production faced a abrupt setback. The most prominent rate of growth was recorded in 2013 with a decrease of -X% year-to-year. Orthopedic prosthetics production peaked at $X in 2007; however, from 2008 to 2020, production stood at a somewhat lower figure.

Orthopedic Prosthetics Exports

Exports from Ireland

In 2020, approx. X tonnes of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) were exported from Ireland; growing by X% on the previous year. In general, total exports indicated a strong expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Exports peaked in 2020 and are expected to retain growth in years to come.

In value terms, orthopedic prosthetics exports expanded remarkably to $X in 2020. Overall, total exports indicated a resilient increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure in 2020 and are expected to retain growth in the immediate term.

Exports by Country

The U.S. (X tonnes) was the main destination for orthopedic prosthetics exports from Ireland, with a X% share of total exports. Moreover, orthopedic prosthetics exports to the U.S. exceeded the volume sent to the second major destination, the Netherlands (X tonnes), twofold.

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

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

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

Export Prices by Country

The average orthopedic prosthetics export price stood at $X per tonne in 2020, picking up by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2009 when the average export price increased by X% year-to-year. Over the period under review, average export prices attained the peak figure at $X per tonne in 2010; however, from 2011 to 2020, export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2020, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to the Netherlands ($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 Netherlands, while the prices for the other major destinations experienced mixed trend patterns.

Orthopedic Prosthetics Imports

Imports into Ireland

In 2020, overseas purchases of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) decreased by -X% to X tonnes for the first time since 2014, thus ending a five-year rising trend. Overall, imports, however, recorded resilient growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked at X tonnes in 2019, and then reduced in the following year.

In value terms, orthopedic prosthetics imports contracted rapidly to $X in 2020. Over the period under review, imports, however, enjoyed resilient growth. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2019, and then contracted rapidly in the following year.

Imports by Country

The UK (X tonnes), Germany (X tonnes) and the U.S. (X tonnes) were the main suppliers of orthopedic prosthetics imports to Ireland, with a combined X% share of total imports.

From 2007 to 2020, the biggest increases were in Germany (+X% per year), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest orthopedic prosthetics suppliers to Ireland were Germany ($X), the U.S. ($X) and the UK ($X), with a combined X% share of total imports.

Germany recorded the highest growth rate of 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

In 2020, the average orthopedic prosthetics import price amounted to $X per tonne, declining by -X% against the previous year. Overall, the import price saw a mild shrinkage. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($X per tonne), while the price for the UK ($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 U.S., while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) in the world?
+
The countries with the highest volumes of orthopedic prosthetics consumption in 2020 were the U.S. (11K tonnes), China (6.1K tonnes) and Germany (3K tonnes), together comprising 54% of global consumption.
What are the largest producers of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) in the world?
+
The countries with the highest volumes of orthopedic prosthetics production in 2020 were China (5.9K tonnes), Ireland (4.1K tonnes) and the U.S. (3.5K tonnes), with a combined 46% share of global production. Germany, India, the Netherlands, Indonesia, Mexico, Singapore, the UK, France and Costa Rica lagged somewhat behind, together comprising a further 40%.
What are the leading suppliers of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) to Ireland?
+
In value terms, the largest orthopedic prosthetics suppliers to Ireland were Germany ($38M), the U.S. ($25M) and the UK ($22M), together accounting for 75% of total imports.
What are the leading importers of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) from Ireland?
+
In value terms, the U.S. ($2.4B) remains the key foreign market for orthopedic prosthetics exports from Ireland, comprising 66% of total exports. The second position in the ranking was occupied by the Netherlands ($724M), with a 20% share of total exports.
What is the average export price for artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) in Ireland?
+
The average orthopedic prosthetics export price stood at $773,508 per tonne in 2020, increasing by 1.5% against the previous year.
What is the average import price for artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) in Ireland?
+
The average orthopedic prosthetics import price stood at $193,927 per tonne in 2020, declining by -22.7% against the previous year.

Product coverage:
• Prodcom 32502290 - Artificial parts of the body (excluding artificial teeth and dental fittings, artificial joints, orthopaedic and fracture appliances, h eart pacemakers)

This report provides an in-depth analysis of the orthopedic prosthetics 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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