Middle East: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in the Middle East

The Middle Eastern orthopedic prosthetics market rose modestly to $X in 2022, increasing by X% against the previous year. In general, consumption enjoyed a remarkable increase. The level of consumption peaked in 2022 and is likely to see gradual growth in years to come.

Orthopedic Prosthetics Production in the Middle East

In value terms, orthopedic prosthetics production declined to $X in 2022 estimated in export price. In general, production saw a prominent increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; afterwards, it flattened through to 2022.

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Orthopedic Prosthetics Exports

Exports in the Middle East

In 2022, approx. X units of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) were exported in the Middle East; growing by X% compared with the previous year's figure. Over the period under review, exports posted a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, orthopedic prosthetics exports stood at $X in 2022. Total exports indicated a prominent increase 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Turkey (X units) represented the major exporter of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints), achieving X% of total exports. It was distantly followed by the United Arab Emirates (X units), making up an X% share of total exports. Israel (X units) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) exports, with a CAGR of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. By contrast, Israel (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Israel (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest orthopedic prosthetics supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Israel ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Turkey stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood 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 Israel ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (X%), while the other leaders experienced a decline in the export price figures.

Orthopedic Prosthetics Imports

Imports in the Middle East

In 2022, imports of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) in the Middle East expanded markedly to X units, growing by X% against 2021 figures. Total imports indicated a prominent increase from 2012 to 2022: its volume 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 pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, orthopedic prosthetics imports rose rapidly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Turkey represented the major importing country with an import of around X units, which reached X% of total imports. Iran (X units) took the second position in the ranking, followed by Israel (X units), Iraq (X units) and the United Arab Emirates (X units). All these countries together took near X% share of total imports. Lebanon (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to orthopedic prosthetics imports into Turkey stood at X%. At the same time, Iraq (X%), Israel (X%), the United Arab Emirates (X%) and Iran (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. Lebanon experienced a relatively flat trend pattern. Iraq (X p.p.) and Israel (X p.p.) significantly strengthened its position in terms of the total imports, while Lebanon and Iran saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Israel ($X), with an X% share of total imports. It was followed by Iran, with an X% share.

In Turkey, orthopedic prosthetics imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (X% per year) and Iran (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the import price showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 Israel ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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