Brazil: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in Brazil

In 2022, the Brazilian orthopedic prosthetics market increased by 36% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Orthopedic prosthetics consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Orthopedic Prosthetics Production in Brazil

In value terms, orthopedic prosthetics production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.8% over the period 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 29%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Orthopedic Prosthetics Exports

Exports from Brazil

In 2022, approx. X units of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) were exported from Brazil; which is down by -18.9% on 2021. Over the period under review, exports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of 178% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, orthopedic prosthetics exports contracted to $X in 2022. In general, total exports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 +38.6% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 54%. Over the period under review, the exports hit record highs at $X in 2021, and then declined in the following year.

Exports by Country

Belgium (X units), Ireland (X units) and Colombia (X units) were the main destinations of orthopedic prosthetics exports from Brazil, together comprising 37% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of +113.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for orthopedic prosthetics exported from Brazil were Ireland ($X), Belgium ($X) and the United States ($X), together comprising 73% of total exports.

Ireland, with a CAGR of +154.9%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average orthopedic prosthetics export price amounted to $X per unit, rising by 12% against the previous year. Overall, the export price, however, recorded a deep slump. The growth pace was the most rapid in 2016 when the average export price increased by 62%. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($X per unit), while the average price for exports to Germany ($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 Ireland (+19.5%), while the prices for the other major destinations experienced mixed trend patterns.

Orthopedic Prosthetics Imports

Imports into Brazil

In 2022, purchases abroad of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) increased by 27% to X units for the first time since 2018, thus ending a three-year declining trend. In general, total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, orthopedic prosthetics imports surged to $X in 2022. The total import value increased at an average annual rate of +1.2% over the period 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 2021 with an increase of 33%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Costa Rica (X units), the United States (X units) and the UK (X units) were the main suppliers of orthopedic prosthetics imports to Brazil, with a combined 57% share of total imports. Germany, Ireland, India, France, China, Mexico, Argentina, Singapore and the Netherlands lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +101.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) to Brazil, comprising 43% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by Ireland, with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.3% per year) and Ireland (+6.1% per year).

Import Prices by Country

In 2022, the average orthopedic prosthetics import price amounted to $X per unit, growing by 2.8% against the previous year. Over the period under review, the import price, however, recorded a pronounced setback. The pace of growth appeared the most rapid in 2021 an increase of 35%. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 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 ($X per unit), while the price for Costa Rica ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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