South-Eastern Asia: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in South-Eastern Asia

The Southeast Asian orthopedic prosthetics market surged to $X in 2022, growing by X% against the previous year. In general, consumption continues to indicate strong growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Orthopedic Prosthetics Production in South-Eastern Asia

In value terms, orthopedic prosthetics production stood at $X in 2022 estimated in export price. Over the period under review, production, however, recorded resilient growth. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

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Orthopedic Prosthetics Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) decreased by X% to X units, falling for the second year in a row after nine years of growth. Over the period under review, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The volume of export peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, orthopedic prosthetics exports contracted to $X in 2022. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Singapore (X units) was the largest 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 Thailand (X units), generating a X% share of total exports. Malaysia (X units) took a little share of total exports.

Exports from Singapore increased at an average annual rate of X% from 2012 to 2022. At the same time, Thailand (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Malaysia experienced a relatively flat trend pattern. From 2012 to 2022, the share of Thailand increased by X percentage points.

In value terms, Singapore ($X) remains the largest orthopedic prosthetics supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, which is down by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The level of export peaked at $X per unit in 2020; however, from 2021 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 Singapore ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

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

Orthopedic Prosthetics Imports

Imports in South-Eastern Asia

In 2022, orthopedic prosthetics imports in South-Eastern Asia soared to X units, jumping by X% on the year before. Total imports indicated buoyant growth 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, orthopedic prosthetics imports surged to $X in 2022. Over the period under review, imports recorded prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Malaysia (X units) and Thailand (X units) were the largest importers of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) in South-Eastern Asia, together reaching approx. X% of total imports. Singapore (X units) ranks next in terms of the total imports with a X% share, followed by Vietnam (X%). The Philippines (X units) followed a long way behind the leaders.

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

In value terms, the largest orthopedic prosthetics importing markets in South-Eastern Asia were Singapore ($X), Thailand ($X) and Vietnam ($X), with a combined X% share of total imports.

Singapore, with a CAGR of X%, recorded the highest growth rate of 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 South-Eastern Asia stood at $X per unit in 2022, reducing by X% against the previous year. Import price indicated a perceptible increase 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. The growth pace was the most rapid in 2019 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2021, and then shrank 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 Singapore ($X per unit), while Malaysia ($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 Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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