Bahrain: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in Bahrain

In 2022, the Bahraini orthopedic prosthetics market increased by 16% to $X, rising for the fifth year in a row after two years of decline. Overall, consumption recorded a strong increase. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Orthopedic Prosthetics Exports

Exports from Bahrain

In 2022, overseas shipments of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) decreased by -18% to X units, falling for the second year in a row after three years of growth. Over the period under review, exports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 320%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, orthopedic prosthetics exports soared to $X in 2022. Overall, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 571%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X units) was the main destination for orthopedic prosthetics exports from Bahrain, with a 62% share of total exports. Moreover, orthopedic prosthetics exports to Saudi Arabia exceeded the volume sent to the second major destination, the United States (X units), threefold. The third position in this ranking was taken by Kuwait (X units), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia amounted to +31.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (0.0% per year) and Kuwait (-2.1% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) exports from Bahrain, comprising 70% of total exports. The second position in the ranking was taken by Kuwait ($X), with a 14% share of total exports. It was followed by the United States, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia stood at +56.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (-1.4% per year) and the United States (0.0% per year).

Export Prices by Country

In 2022, the average orthopedic prosthetics export price amounted to $X per unit, growing by 66% against the previous year. Overall, the export price showed modest growth. The growth pace was the most rapid in 2016 when the average export price increased by 74% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per unit), while the average price for exports to the United States ($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 France (+39.4%), while the prices for the other major destinations experienced more modest paces of growth.

Orthopedic Prosthetics Imports

Imports into Bahrain

In 2022, imports of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) into Bahrain rose significantly to X units, with an increase of 11% compared with the previous year's figure. Overall, imports showed a slight expansion. The most prominent rate of growth was recorded in 2015 with an increase of 141%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, orthopedic prosthetics imports soared to $X in 2022. Over the period under review, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of 175% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Mexico (X units), Ireland (X units) and the United States (X units) were the main suppliers of orthopedic prosthetics imports to Bahrain, together comprising 84% of total imports. China, Costa Rica and Germany lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Costa Rica (with a CAGR of +50.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), the United States ($X) and Mexico ($X) appeared to be the largest orthopedic prosthetics suppliers to Bahrain, with a combined 90% share of total imports.

Mexico, with a CAGR of +54.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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, rising by 7.8% against the previous year. Over the period under review, the import price saw a buoyant increase. The most prominent rate of growth was recorded in 2016 an increase of 194% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+4,603.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform