Egypt: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in Egypt

The Egyptian orthopedic prosthetics market soared to $X in 2022, picking up by 15% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a perceptible expansion. Orthopedic prosthetics consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Orthopedic Prosthetics Exports

Exports from Egypt

In 2022, shipments abroad of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) increased by 210% to X units, rising for the third year in a row after two years of decline. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 17,410% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, orthopedic prosthetics exports skyrocketed to $X in 2022. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 682% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Saudi Arabia (X units), Jordan (X units) and Yemen (X units) were the main destinations of orthopedic prosthetics exports from Egypt, together accounting for 59% of total exports. Romania, Algeria, Tanzania, Palestine, Austria, the United Arab Emirates, Kenya, Lebanon and the United States lagged somewhat behind, together comprising a further 38%.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +142.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for orthopedic prosthetics exported from Egypt were Saudi Arabia ($X), Yemen ($X) and Romania ($X), together comprising 58% of total exports. Algeria, Jordan, Tanzania, Palestine, Austria, the United Arab Emirates, Kenya, Lebanon and the United States lagged somewhat behind, together comprising a further 39%.

Among the main countries of destination, Palestine, with a CAGR of +176.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average orthopedic prosthetics export price stood at $X per unit in 2022, which is down by -50.6% against the previous year. In general, the export price, however, saw a perceptible expansion. The pace of growth appeared the most rapid in 2019 when the average export price increased by 5,691% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2021, and then fell sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to Jordan ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+690.7%), while the prices for the other major destinations experienced more modest paces of growth.

Orthopedic Prosthetics Imports

Imports into Egypt

Orthopedic prosthetics imports into Egypt surged to X units in 2022, increasing by 22% against the previous year's figure. Overall, imports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2018 when imports increased by 190%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, orthopedic prosthetics imports surged to $X in 2022. Over the period under review, imports showed noticeable growth. The most prominent rate of growth was recorded in 2018 with an increase of 219%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Ireland (X units) constituted the largest orthopedic prosthetics supplier to Egypt, accounting for a 50% share of total imports. Moreover, orthopedic prosthetics imports from Ireland exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. Austria (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Ireland stood at +22.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-18.3% per year) and Austria (+16.7% per year).

In value terms, Ireland ($X) constituted the largest supplier of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) to Egypt, comprising 52% of total imports. The second position in the ranking was held by the United States ($X), with a 13% share of total imports. It was followed by Austria, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Ireland amounted to +33.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.9% per year) and Austria (+30.2% per year).

Import Prices by Country

The average orthopedic prosthetics import price stood at $X per unit in 2022, dropping by -1.9% against the previous year. Over the period under review, the import price, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 89% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then contracted slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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