Scandinavia: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in Scandinavia

After two years of growth, the Scandinavia orthopedic prosthetics market decreased by X% to $X in 2022. The total consumption 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, consumption increased by X% against 2019 indices. The level of consumption peaked at $X in 2021, and then shrank slightly in the following year.

Orthopedic Prosthetics Production in Scandinavia

In value terms, orthopedic prosthetics production expanded modestly to $X in 2022 estimated in export price. The total production 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Orthopedic Prosthetics Exports

Exports in Scandinavia

In 2022, after seven years of decline, there was significant growth in shipments abroad of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints), when their volume increased by X% to X units. In general, exports, however, saw a deep reduction. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, orthopedic prosthetics exports totaled $X in 2022. Over the period under review, exports, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Sweden (X units) represented the key exporter of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints), comprising X% of total exports. Norway (X units) took the second position in the ranking, distantly followed by Finland (X units). All these countries together held approx. X% share of total exports.

Exports from Sweden decreased at an average annual rate of X% from 2012 to 2022. At the same time, Finland (X%) and Norway (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2022. Norway (X p.p.) and Finland (X p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Sweden ($X) remains the largest orthopedic prosthetics supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was held by Norway ($X), with an X% share of total exports.

In Sweden, orthopedic prosthetics exports contracted by 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: Norway (X% per year) and Finland (X% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, declining by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of export peaked at $X per unit in 2021, and then shrank remarkably in the following year.

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 Sweden ($X per unit), while Finland ($X per unit) was amongst the lowest.

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

Orthopedic Prosthetics Imports

Imports in Scandinavia

In 2022, approx. X units of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) were imported in Scandinavia; growing by X% compared with the previous year's figure. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, orthopedic prosthetics imports contracted slightly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

Sweden (X units) and Norway (X units) represented the largest importers of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) in 2022, recording near X% and X% of total imports, respectively. It was distantly followed by Finland (X units), making up a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Finland (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest orthopedic prosthetics importing markets in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X).

Finland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2022, which is down by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, import prices attained the peak figure at $X per unit in 2021, and then reduced in the following year.

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 Finland ($X per unit), while Norway ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :