Central Asia: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in Central Asia

The Central Asian orthopedic prosthetics market was finally on the rise to reach $X in 2022, after two years of decline. The total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Orthopedic Prosthetics Production in Central Asia

In value terms, orthopedic prosthetics production expanded to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 48%. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Orthopedic Prosthetics Exports

Exports in Central Asia

In 2022, orthopedic prosthetics exports in Central Asia surged to X units, increasing by 6,069% against 2021 figures. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, orthopedic prosthetics exports skyrocketed to $X in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan dominates exports structure, amounting to X units, which was approx. 96% of total exports in 2022. Kyrgyzstan (X units) followed a long way behind the leaders.

Kazakhstan 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 +70.2% from 2012 to 2022. At the same time, Kyrgyzstan (+70.1%) displayed positive paces of growth. From 2012 to 2022, the share of Kazakhstan and Kyrgyzstan increased by +62 and +3.1 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) remains the largest orthopedic prosthetics supplier in Central Asia, comprising 90% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 5.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan amounted to +61.4%.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per unit, approximately mirroring the previous year. Overall, the export price, however, showed a modest increase. The pace of growth was the most pronounced in 2019 when the export price increased by 132%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per unit), while Kazakhstan totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+1.3%).

Orthopedic Prosthetics Imports

Imports in Central Asia

In 2022, overseas purchases of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) increased by 184% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports showed strong growth. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, orthopedic prosthetics imports surged to $X in 2022. Over the period under review, imports saw a resilient increase. The most prominent rate of growth was recorded in 2019 when imports increased by 102%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Kazakhstan was the main importing country with an import of about X units, which accounted for 73% of total imports. Uzbekistan (X units) took the second position in the ranking, distantly followed by Kyrgyzstan (X units). All these countries together took near 20% share of total imports. The following importers - Turkmenistan (X units) and Mongolia (X units) - each recorded a 7.4% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to orthopedic prosthetics imports into Kazakhstan stood at +12.4%. At the same time, Uzbekistan (+42.3%), Mongolia (+38.5%), Kyrgyzstan (+6.1%) and Turkmenistan (+4.0%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +42.3% from 2012-2022. Uzbekistan (+15 p.p.) and Mongolia (+3 p.p.) significantly strengthened its position in terms of the total imports, while Kyrgyzstan, Turkmenistan and Kazakhstan saw its share reduced by -4.5%, -5.5% and -8.1% from 2012 to 2022, respectively.

In value terms, Kazakhstan ($X), Uzbekistan ($X) and Mongolia ($X) constituted the countries with the highest levels of imports in 2022, together comprising 95% of total imports.

Among the main importing countries, Mongolia, with a CAGR of +40.3%, recorded the highest rates of growth with regard to 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

In 2022, the import price in Central Asia amounted to $X per unit, waning by -54.5% against the previous year. Over the period under review, the import price recorded a deep contraction. The pace of growth was the most pronounced in 2021 when the import price increased by 125%. Over the period under review, import prices attained the maximum 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 importing countries. In 2022, amid the top importers, the country with the highest price was Uzbekistan ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mongolia (+1.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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