Eastern Europe: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in Eastern Europe

The East European orthopedic prosthetics market fell modestly to $X in 2022, with a decrease of -4.4% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2021, and then shrank in the following year.

Orthopedic Prosthetics Production in Eastern Europe

In value terms, orthopedic prosthetics production reached $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 41% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Orthopedic Prosthetics Exports

Exports in Eastern Europe

In 2022, approx. X units of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) were exported in Eastern Europe; rising by 56% against the year before. Over the period under review, exports saw a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 90%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, orthopedic prosthetics exports totaled $X in 2022. In general, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 42%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Poland (X units) and Bulgaria (X units) prevails in exports structure, together committing 73% of total exports. It was distantly followed by the Czech Republic (X units), Russia (X units) and Hungary (X units), together creating a 22% share of total exports. Moldova (X units) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Moldova (with a CAGR of +106.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest orthopedic prosthetics supplying countries in Eastern Europe were Poland ($X), the Czech Republic ($X) and Hungary ($X), with a combined 59% share of total exports. Bulgaria, Russia and Moldova lagged somewhat behind, together accounting for a further 28%.

Bulgaria, with a CAGR of +52.5%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, waning by -26.6% against the previous year. Overall, the export price saw a noticeable reduction. The pace of growth was the most pronounced in 2018 when the export price increased by 27% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hungary ($X per unit), while Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+3.7%), while the other leaders experienced mixed trends in the export price figures.

Orthopedic Prosthetics Imports

Imports in Eastern Europe

In 2022, approx. X units of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) were imported in Eastern Europe; increasing by 12% compared with the previous year's figure. Total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +7.3% 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 +51.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 35%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, orthopedic prosthetics imports declined slightly to $X in 2022. The total import value increased at an average annual rate of +3.4% 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 2021 with an increase of 29%. As a result, imports reached the peak of $X, and then shrank slightly in the following year.

Imports by Country

In 2022, Slovakia (X units), distantly followed by Poland (X units), Russia (X units), the Czech Republic (X units), Romania (X units) and Bulgaria (X units) were the key importers of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints), together achieving 88% of total imports. Ukraine (X units) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +33.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest orthopedic prosthetics importing markets in Eastern Europe were Poland ($X), Russia ($X) and the Czech Republic ($X), with a combined 66% share of total imports. Romania, Bulgaria, Ukraine and Slovakia lagged somewhat behind, together accounting for a further 22%.

Bulgaria, with a CAGR of +16.3%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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 Eastern Europe amounted to $X per unit, declining by -12.3% against the previous year. Overall, the import price continues to indicate a perceptible downturn. The pace of growth was the most pronounced in 2019 when the import price increased by 9.4% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 Czech Republic ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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