Croatia: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in Croatia

The Croatian orthopedic prosthetics market skyrocketed to $X in 2022, growing by 23% against the previous year. In general, consumption enjoyed a resilient expansion. Orthopedic prosthetics consumption peaked in 2022 and is expected to retain growth in the immediate term.

Orthopedic Prosthetics Production in Croatia

In value terms, orthopedic prosthetics production rose rapidly to $X in 2022 estimated in export price. In general, production, however, enjoyed a mild expansion. The most prominent rate of growth was recorded in 2014 with an increase of 46% against the previous year. Orthopedic prosthetics production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Orthopedic Prosthetics Exports

Exports from Croatia

In 2022, after three years of decline, there was growth in shipments abroad of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints), when their volume increased by 4.3% to X units. Overall, exports, however, showed a slight shrinkage. The growth pace was the most rapid in 2016 when exports increased by 163% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, orthopedic prosthetics exports soared to $X in 2022. Over the period under review, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 124%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Serbia (X units), Austria (X units) and Bosnia and Herzegovina (X units) were the main destinations of orthopedic prosthetics exports from Croatia, with a combined 57% share of total exports. Slovenia, North Macedonia, Montenegro, Greece and Italy lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece (with a CAGR of +123.0%), while the other leaders experienced more modest paces of growth.

In value terms, North Macedonia ($X), Slovenia ($X) and Bosnia and Herzegovina ($X) appeared to be the largest markets for orthopedic prosthetics exported from Croatia worldwide, together comprising 23% of total exports. Serbia, Greece, Montenegro, Italy and Austria lagged somewhat behind, together comprising a further 17%.

Greece, with a CAGR of +129.6%, saw the highest rates of growth with regard to the value of exports, in terms of 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, increasing by 99% against the previous year. Over the period under review, the export price showed a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was North Macedonia ($X per unit), while the average price for exports to Austria ($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 Bosnia and Herzegovina (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Orthopedic Prosthetics Imports

Imports into Croatia

Orthopedic prosthetics imports into Croatia rose slightly to X units in 2022, surging by 4.4% against the year before. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 33%. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, orthopedic prosthetics imports soared to $X in 2022. In general, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.5% 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 +71.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of orthopedic prosthetics to Croatia, with a 35% share of total imports. Moreover, orthopedic prosthetics imports from Germany exceeded the figures recorded by the second-largest supplier, Austria (X units), twofold. The third position in this ranking was held by France (X units), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+13.5% per year) and France (+13.4% per year).

In value terms, Germany ($X), India ($X) and Italy ($X) appeared to be the largest orthopedic prosthetics suppliers to Croatia, with a combined 57% share of total imports. France, Belgium, Austria, Poland, the United States and Ireland lagged somewhat behind, together accounting for a further 26%.

Poland, with a CAGR of +83.9%, recorded the highest rates of growth with regard to the value of imports, among 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, jumping by 31% against the previous year. Overall, the import price enjoyed a resilient increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by 55% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

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 ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+29.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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