Austria: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in Austria

The Austrian orthopedic prosthetics market skyrocketed to $X in 2022, with an increase of 792% against the previous year. Overall, consumption posted prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Orthopedic Prosthetics Production in Austria

In value terms, orthopedic prosthetics production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 22%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Orthopedic Prosthetics Exports

Exports from Austria

In 2022, approx. X units of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) were exported from Austria; declining by -37.2% against the previous year's figure. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. As a result, the exports reached the peak of X units, and then shrank sharply in the following year.

In value terms, orthopedic prosthetics exports contracted markedly to $X in 2022. Overall, exports showed a pronounced contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 28%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for orthopedic prosthetics exports from Austria, with a 80% share of total exports. Moreover, orthopedic prosthetics exports to Germany exceeded the volume sent to the second major destination, Bulgaria (X units), more than tenfold. The third position in this ranking was held by Italy (X units), with a 1.9% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+65.5% per year) and Italy (+6.6% per year).

In value terms, Germany ($X) remains the key foreign market for artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) exports from Austria, comprising 77% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 6.6% share of total exports. It was followed by Bulgaria, with a 6% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at -3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+7.8% per year) and Bulgaria (+55.6% per year).

Export Prices by Country

The average orthopedic prosthetics export price stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Overall, the export price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2013 an increase of 10%. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Canada ($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 the Netherlands (+2.2%), while the prices for the other major destinations experienced a decline.

Orthopedic Prosthetics Imports

Imports into Austria

In 2022, the amount of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) imported into Austria surged to X units, increasing by 34% on the previous year's figure. Overall, imports showed a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 51% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, orthopedic prosthetics imports declined to $X in 2022. Over the period under review, total imports indicated a measured 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, imports increased by +54.9% against 2017 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of orthopedic prosthetics to Austria, accounting for a 50% share of total imports. Moreover, orthopedic prosthetics imports from Germany exceeded the figures recorded by the second-largest supplier, Bulgaria (X units), twofold. The third position in this ranking was taken by the Netherlands (X units), with a 20% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+179.4% per year) and the Netherlands (+28.9% per year).

In value terms, the largest orthopedic prosthetics suppliers to Austria were the Netherlands ($X), Germany ($X) and Bulgaria ($X), with a combined 88% share of total imports.

Among the main suppliers, Bulgaria, with a CAGR of +161.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average orthopedic prosthetics import price stood at $X per unit in 2022, reducing by -31.5% against the previous year. In general, the import price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by 28% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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