MENA: Orthopedic Artificial Joints Market 2024

Orthopedic Artificial Joints Market Size in MENA

The MENA's orthopedic artificial joints market contracted notably to $X in 2022, shrinking 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 2020 indices. As a result, consumption attained the peak level of $X, and then declined significantly in the following year.

Orthopedic Artificial Joints Production in MENA

In value terms, orthopedic artificial joints production expanded notably to $X in 2022 estimated in export price. In general, production recorded a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Orthopedic Artificial Joints Exports

Exports in MENA

In 2022, shipments abroad of artificial joints for orthopedic purposes was finally on the rise to reach X units after two years of decline. In general, exports showed strong growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, orthopedic artificial joints exports skyrocketed to $X in 2022. Over the period under review, exports recorded a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey represented the main exporting country with an export of around X units, which reached X% of total exports. The United Arab Emirates (X units) ranks second in terms of the total exports with a X% share, followed by Saudi Arabia (X%) and Iran (X%). Lebanon (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to orthopedic artificial joints exports from Turkey stood at X%. At the same time, Lebanon (X%), the United Arab Emirates (X%), Iran (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Lebanon emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. The United Arab Emirates (X p.p.), Lebanon (X p.p.) and Iran (X p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest orthopedic artificial joints supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

In the United Arab Emirates, orthopedic artificial joints exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, growing by X% against the previous year. Export price indicated a buoyant expansion from 2012 to 2022: its price 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, orthopedic artificial joints export price decreased by X% against 2018 indices. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Lebanon ($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 United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Orthopedic Artificial Joints Imports

Imports in MENA

In 2022, approx. X units of artificial joints for orthopedic purposes were imported in MENA; declining by X% on the year before. Over the period under review, imports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then contracted sharply in the following year.

In value terms, orthopedic artificial joints imports contracted sharply to $X in 2022. Total imports indicated a prominent 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then dropped dramatically in the following year.

Imports by Country

Iran (X units) and Turkey (X units) were the key importers of artificial joints for orthopedic purposes in 2022, recording approx. X% and X% of total imports, respectively. It was distantly followed by the United Arab Emirates (X units), Israel (X units), Egypt (X units) and Iraq (X units), together committing a X% share of total imports. The following importers - Algeria (X units) and Morocco (X units) - together made up X% of total imports.

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

In value terms, Iran ($X) constitutes the largest market for imported artificial joints for orthopedic purposes in MENA, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

In Iran, orthopedic artificial joints imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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