United Kingdom - Orthopaedic Appliances And Splints - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUK Sees Surge in $44M Import of Orthopaedic Appliances in August 2023
United Kingdom Orthopaedic Appliances Imports
In August 2023, overseas purchases of orthopaedic appliances and splints were finally on the rise to reach 2.2M units for the first time since April 2023, thus ending a three-month declining trend. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in April 2023 with an increase of 44% m-o-m. As a result, imports attained the peak of 2.3M units. From May 2023 to August 2023, the growth of imports remained at a somewhat lower figure.
In value terms, orthopaedic appliances imports rose slightly to $44M (IndexBox estimates) in August 2023. The total import value increased at an average monthly rate of +1.6% over the period from August 2022 to August 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in November 2022 when imports increased by 23% month-to-month. Imports peaked at 48M units in March 2023; however, from April 2023 to August 2023, imports failed to regain momentum.
| COUNTRY | Import Value of Orthopaedic Appliances in United Kingdom (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | |
| United States | 13.5 | 10.3 | 8.8 | 12.9 | 9.8 | 14.8 | 13.1 | 14.5 | 12.0 | 14.0 | 13.4 | 12.1 | 13.5 |
| China | 3.4 | 2.5 | 2.9 | 2.7 | 5.8 | 3.5 | 3.3 | 2.7 | 3.8 | 3.3 | 3.8 | 3.1 | 3.8 |
| Mexico | 9.3 | 10.6 | 9.8 | 11.2 | 11.5 | 9.7 | 9.7 | 15.6 | 10.4 | 11.5 | 10.1 | 8.0 | 2.6 |
| Taiwan (Chinese) | 0.2 | 0.4 | 0.5 | 0.4 | 0.3 | 0.3 | 0.7 | 0.1 | 0.5 | 0.4 | 0.8 | 0.2 | 0.6 |
| Others | 10.1 | 8.9 | 8.9 | 10.7 | 9.2 | 15.6 | 13.6 | 15.1 | 10.9 | 12.8 | 16.3 | 19.1 | 23.3 |
| Total | 36.4 | 32.6 | 30.9 | 37.9 | 36.6 | 44.0 | 40.4 | 48.1 | 37.7 | 41.9 | 44.5 | 42.6 | 43.9 |
Imports by Country
In August 2023, China (1.6M units) constituted the largest orthopaedic appliances supplier to the UK, with a 71% share of total imports. Moreover, orthopaedic appliances imports from China exceeded the figures recorded by the second-largest supplier, the United States (129K units), more than tenfold. The third position in this ranking was taken by Mexico (99K units), with a 4.5% share.
From August 2022 to August 2023, the average monthly rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: the United States (-2.4% per month) and Mexico (-0.4% per month).
In value terms, the United States ($14M) constituted the largest supplier of orthopaedic appliances to the UK, comprising 31% of total imports. The second position in the ranking was held by China ($3.8M), with an 8.7% share of total imports. It was followed by Mexico, with a 6% share.
From August 2022 to August 2023, the average monthly growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: China (+1.0% per month) and Mexico (-10.1% per month).
Import Prices by Country
In August 2023, the orthopaedic appliances price stood at $20.1 per unit (CIF, United Kingdom), shrinking by -23.5% against the previous month. Overall, import price indicated slight growth from August 2022 to August 2023: its price increased at an average monthly rate of +1.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, orthopaedic appliances import price decreased by -23.5% against July 2023 indices. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 68% m-o-m. As a result, import price attained the peak level of $30,293 per thousand units. From April 2023 to August 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the United States ($105 per unit), while the price for China ($2.4 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the orthopaedic appliances market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32502239 - Orthopaedic appliances, splints and other fracture appliances
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
