Italy: Orthopedic Artificial Joints Market 2024

Orthopedic Artificial Joints Market Size in Italy

In 2022, the Italian orthopedic artificial joints market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption, however, recorded a strong increase. Over the period under review, the market hit record highs at $X in 2021, and then fell rapidly in the following year.

Orthopedic Artificial Joints Production in Italy

In value terms, orthopedic artificial joints production soared to $X in 2022 estimated in export price. Over the period under review, production saw a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production attained the maximum level in 2022 and is likely to see steady growth in the immediate term.

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Orthopedic Artificial Joints Exports

Exports from Italy

In 2022, the amount of artificial joints for orthopedic purposes exported from Italy shrank to X units, waning by X% compared with the year before. In general, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units, and then shrank in the following year.

In value terms, orthopedic artificial joints exports fell modestly to $X in 2022. Overall, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then reduced modestly in the following year.

Exports by Country

Switzerland (X units), Germany (X units) and France (X units) were the main destinations of orthopedic artificial joints exports from Italy, with a combined X% share of total exports. The UK, Ireland, the Netherlands, the United States, Poland, Spain, South Korea and Japan lagged somewhat behind, together comprising a further X%.

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

In value terms, Switzerland ($X) remains the key foreign market for artificial joints for orthopedic purposes exports from Italy, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Switzerland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Germany (X% per year).

Export Prices by Country

The average orthopedic artificial joints export price stood at $X per unit in 2022, approximately equating the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 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 United States ($X per unit), while the average price for exports to Germany ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Orthopedic Artificial Joints Imports

Imports into Italy

In 2022, after three years of growth, there was significant decline in overseas purchases of artificial joints for orthopedic purposes, when their volume decreased by X% to X units. Overall, imports, however, showed prominent growth. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X units, and then dropped markedly in the following year.

In value terms, orthopedic artificial joints imports declined sharply to $X in 2022. Over the period under review, total imports indicated measured 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then contracted rapidly in the following year.

Imports by Country

Germany (X units), Switzerland (X units) and the Netherlands (X units) were the main suppliers of orthopedic artificial joints imports to Italy, together comprising X% of total imports.

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

In value terms, the Netherlands ($X), Switzerland ($X) and Germany ($X) appeared to be the largest orthopedic artificial joints suppliers to Italy, together accounting for X% of total imports.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 unit in 2022, rising by X% against the previous year. Overall, the import price, however, recorded a perceptible contraction. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Germany ($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 UK (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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