Benelux: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in Benelux

The Benelux orthopedic prosthetics market declined sharply to $X in 2022, which is down by -32.4% against the previous year. Over the period under review, consumption, however, saw a strong expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Orthopedic Prosthetics Production in Benelux

In value terms, orthopedic prosthetics production surged to $X in 2022 estimated in export price. Overall, production, however, posted perceptible growth. The pace of growth appeared the most rapid in 2016 with an increase of 611% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Orthopedic Prosthetics Exports

Exports in Benelux

In 2022, the amount of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) exported in Benelux contracted to X units, shrinking by -13.3% compared with 2021 figures. Total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +6.0% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 28% against the previous year. Over the period under review, the exports attained the maximum at X units in 2021, and then shrank in the following year.

In value terms, orthopedic prosthetics exports contracted markedly to $X in 2022. Total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 28% against the previous year. As a result, the exports attained the peak of $X, and then contracted notably in the following year.

Exports by Country

The Netherlands represented the main exporter of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) in Benelux, with the volume of exports accounting for X units, which was approx. 73% of total exports in 2022. It was distantly followed by Belgium (X units), generating a 27% share of total exports.

The Netherlands was also the fastest-growing in terms of the artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) exports, with a CAGR of +7.8% from 2012 to 2022. At the same time, Belgium (+4.1%) displayed positive paces of growth. The Netherlands (+7.5 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -7.5% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest orthopedic prosthetics supplier in Benelux, comprising 72% of total exports. The second position in the ranking was held by Belgium ($X), with a 28% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands totaled +4.6%.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per unit, declining by -11% against the previous year. Overall, the export price continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2014 an increase of 13%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the Netherlands stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-0.3%).

Orthopedic Prosthetics Imports

Imports in Benelux

Orthopedic prosthetics imports shrank markedly to X units in 2022, which is down by -16.2% compared with the previous year's figure. Total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -2.9% against 2017 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 60% against the previous year. The volume of import peaked at X units in 2021, and then dropped remarkably in the following year.

In value terms, orthopedic prosthetics imports dropped remarkably to $X in 2022. The total import value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 23% against the previous year. The level of import peaked at $X in 2021, and then declined remarkably in the following year.

Imports by Country

In 2022, the Netherlands (X units) represented the main importer of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints), making up 65% of total imports. It was distantly followed by Belgium (X units), generating a 34% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +5.6%).

In value terms, the Netherlands ($X) constitutes the largest market for imported artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) in Benelux, comprising 76% of total imports. The second position in the ranking was taken by Belgium ($X), with a 23% share of total imports.

In the Netherlands, orthopedic prosthetics imports increased at an average annual rate of +1.2% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per unit, waning by -9.1% against the previous year. Overall, the import price continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2020 when the import price increased by 21% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 the Netherlands ($X per unit), while Belgium totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-2.1%).

Source: IndexBox Platform