Middle East: Orthopedic Artificial Joints Market 2024

Orthopedic Artificial Joints Market Size in the Middle East

The Middle Eastern orthopedic artificial joints market dropped rapidly to $X in 2022, with a decrease of X% against the previous year. The total consumption indicated a resilient 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 fell remarkably in the following year.

Orthopedic Artificial Joints Production in the Middle East

In value terms, orthopedic artificial joints production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Orthopedic Artificial Joints Exports

Exports in the Middle East

In 2022, overseas shipments of artificial joints for orthopedic purposes were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, exports saw a resilient expansion. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, the exports attained 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 soared to $X in 2022. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid 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

In 2022, Turkey (X units) was the largest exporter of artificial joints for orthopedic purposes, creating X% of total exports. The United Arab Emirates (X units) took the second position in the ranking, distantly followed by Saudi Arabia (X units) and Iran (X units). All these countries together took approx. X% share of total exports. Lebanon (X units) held a relatively small share of total exports.

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 the Middle East, 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 ($X) remains the largest orthopedic artificial joints supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Turkey ($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

In 2022, the export price in the Middle East amounted to $X per unit, increasing by X% against the previous year. Export price indicated resilient growth 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 when the export price increased by 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 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 the Middle East

In 2022, imports of artificial joints for orthopedic purposes in the Middle East shrank significantly to X units, waning by X% on 2021 figures. In general, imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then dropped sharply in the following year.

In value terms, orthopedic artificial joints imports declined significantly to $X in 2022. Overall, imports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then shrank notably in the following year.

Imports by Country

In 2022, Iran (X units) and Turkey (X units) were the largest importers of artificial joints for orthopedic purposes in the Middle East, together recording approx. X% of total imports. It was distantly followed by the United Arab Emirates (X units), Israel (X units) and Iraq (X units), together committing a X% share of total imports. The following importers - Kuwait (X units) and Jordan (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 main 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 ($X) constitutes the largest market for imported artificial joints for orthopedic purposes in the Middle East, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with an 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 the Middle East stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the import price increased by X%. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 Jordan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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