Argentina: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in Argentina

In 2022, the Argentinian orthopedic prosthetics market increased by 20% to $X, rising for the second year in a row after three years of decline. Overall, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 +113.7% against 2020 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Orthopedic Prosthetics Exports

Exports from Argentina

In 2022, orthopedic prosthetics exports from Argentina skyrocketed to X units, jumping by 1,967% against the previous year. Over the period under review, exports, however, saw a pronounced downturn. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, orthopedic prosthetics exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a deep reduction. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil (X units) was the main destination for orthopedic prosthetics exports from Argentina, accounting for a 86% share of total exports. Moreover, orthopedic prosthetics exports to Brazil exceeded the volume sent to the second major destination, Panama (X units), more than tenfold. Uruguay (X units) ranked third in terms of total exports with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil totaled +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+7.6% per year) and Uruguay (-3.6% per year).

In value terms, Brazil ($X) remains the key foreign market for artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) exports from Argentina, comprising 84% of total exports. The second position in the ranking was held by Uruguay ($X), with an 8.9% share of total exports. It was followed by Chile, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil amounted to +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-2.1% per year) and Chile (+10.0% per year).

Export Prices by Country

The average orthopedic prosthetics export price stood at $X per unit in 2022, reducing by -20.4% against the previous year. In general, the export price recorded a noticeable decrease. The growth pace was the most rapid in 2014 an increase of 34% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Uruguay ($X per unit), while the average price for exports to Panama ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Orthopedic Prosthetics Imports

Imports into Argentina

In 2022, overseas purchases of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) increased by 47% to X units, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.1% 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 +105.9% 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. Overall, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.1% 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 +122.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 78% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

The United States (X units), the UK (X units) and France (X units) were the main suppliers of orthopedic prosthetics imports to Argentina, together comprising 43% of total imports. Germany, the Netherlands, Ireland, India, Costa Rica and Brazil lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +20.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) to Argentina, comprising 31% of total imports. The second position in the ranking was held by Ireland ($X), with a 9.1% share of total imports. It was followed by Germany, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at -1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+3.8% per year) and Germany (+10.1% per year).

Import Prices by Country

In 2022, the average orthopedic prosthetics import price amounted to $X per unit, shrinking by -14.9% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 27% against the previous year. As a result, import price attained the peak level of $X per unit, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per unit), while the price for Costa Rica ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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