EU: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in the EU

The EU orthopedic prosthetics market declined slightly to $X in 2022, waning by -1.9% against the previous year. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +25.8% against 2020 indices. As a result, consumption attained the peak level of $X, and then declined in the following year.

Orthopedic Prosthetics Production in the EU

In value terms, orthopedic prosthetics production surged to $X in 2022 estimated in export price. The total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 42%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Orthopedic Prosthetics Exports

Exports in the EU

In 2022, approx. X units of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) were exported in the European Union; leveling off at 2021 figures. The total export volume increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 14% against the previous year. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, orthopedic prosthetics exports declined to $X in 2022. The total export value increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 25%. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

The Netherlands was the largest exporting country with an export of about X units, which accounted for 39% of total exports. Germany (X units) took the second position in the ranking, followed by Belgium (X units), Ireland (X units), France (X units) and Austria (X units). All these countries together took approx. 52% share of total exports. Spain (X units) took a relatively small share of total exports.

Exports from the Netherlands increased at an average annual rate of +7.8% from 2012 to 2022. At the same time, Spain (+9.3%), Belgium (+4.1%) and Ireland (+3.3%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +9.3% from 2012-2022. Austria experienced a relatively flat trend pattern. By contrast, Germany (-2.3%) and France (-3.9%) illustrated a downward trend over the same period. While the share of the Netherlands (+14 p.p.) and Belgium (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Austria (-2.5 p.p.), France (-7.5 p.p.) and Germany (-10.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest orthopedic prosthetics supplier in the European Union, comprising 47% of total exports. The second position in the ranking was taken by Belgium ($X), with an 18% share of total exports. It was followed by Germany, with a 13% share.

From 2012 to 2022, the average annual growth rate of value in the Netherlands totaled +4.6%. In the other countries, the average annual rates were as follows: Belgium (+3.8% per year) and Germany (+2.2% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, declining by -15% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by 13% against the previous year. The level of export peaked at $X per unit in 2021, and then reduced dramatically in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+5.2%), while the other leaders experienced more modest paces of growth.

Orthopedic Prosthetics Imports

Imports in the EU

In 2022, approx. X units of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) were imported in the European Union; approximately equating 2021. The total import volume increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, orthopedic prosthetics imports shrank to $X in 2022. The total import value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, the Netherlands (X units), distantly followed by Spain (X units), Belgium (X units), France (X units), Germany (X units) and Ireland (X units) were the main importers of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints), together constituting 77% of total imports. Italy (X units), Slovakia (X units), Greece (X units), Austria (X units) and Poland (X units) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Slovakia (with a CAGR of +33.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constitutes the largest market for imported artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) in the European Union, comprising 34% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports. It was followed by France, with a 10% share.

In the Netherlands, orthopedic prosthetics imports increased at an average annual rate of +1.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+2.8% per year) and France (+1.8% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per unit, with a decrease of -13.1% against the previous year. Over the period under review, the import price continues to indicate a mild curtailment. The pace of growth appeared the most rapid in 2020 when the import price increased by 17%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Germany ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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