EU: Orthopaedic Appliances Market 2024

Orthopaedic Appliances Market Size in the EU

The EU orthopaedic appliances market expanded markedly to $X in 2022, picking up by 5.8% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 +9.6% against 2018 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in the immediate term.

Orthopaedic Appliances Production in the EU

In value terms, orthopaedic appliances production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 11% against the previous year. Over the period under review, production reached the peak level in 2022 and is expected to retain growth in the near future.

Orthopaedic Appliances Exports

Exports in the EU

In 2022, overseas shipments of orthopaedic appliances and splints increased by 2.7% to X tons, rising for the second year in a row after two years of decline. Total exports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +17.6% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 24%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, orthopaedic appliances exports reduced slightly to $X in 2022. Total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +9.6% against 2020 indices. The pace of growth appeared the most rapid in 2018 when exports increased by 22% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Germany (X tons), the Netherlands (X tons), France (X tons), Poland (X tons), Belgium (X tons), Spain (X tons) and Sweden (X tons), together accounting for 81% of total export.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +14.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and France ($X) constituted the countries with the highest levels of exports in 2022, with a combined 71% share of total exports. Belgium, Spain, Sweden and Poland lagged somewhat behind, together accounting for a further 15%.

Poland, with a CAGR of +14.8%, saw the highest growth rate of the value of exports, in terms of 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 the European Union stood at $X per ton in 2022, reducing by -7.4% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 11%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+10.7%), while the other leaders experienced more modest paces of growth.

Orthopaedic Appliances Imports

Imports in the EU

In 2022, the amount of orthopaedic appliances and splints imported in the European Union surged to X tons, growing by 22% against the previous year. Total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +7.8% 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 +35.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, orthopaedic appliances imports shrank modestly to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.0% 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 +98.9% against 2015 indices. The growth pace was the most rapid in 2021 when imports increased by 22%. As a result, imports reached the peak of $X, and then shrank modestly in the following year.

Imports by Country

In 2022, Germany (X tons), distantly followed by France (X tons), Spain (X tons), the Netherlands (X tons), Italy (X tons), Belgium (X tons) and Sweden (X tons) were the major importers of orthopaedic appliances and splints, together constituting 79% of total imports. Poland (X tons), Ireland (X tons), the Czech Republic (X tons), Austria (X tons), Hungary (X tons) and Denmark (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +27.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest orthopaedic appliances importing markets in the European Union were Germany ($X), the Netherlands ($X) and France ($X), together comprising 63% of total imports. Spain, Belgium, Italy, Ireland, Poland, Austria, Sweden, the Czech Republic, Denmark and Hungary lagged somewhat behind, together accounting for a further 32%.

In terms of the main importing countries, Ireland, with a CAGR of +17.2%, saw 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 the European Union amounted to $X per ton, reducing by -20.5% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by 9.4%. As a result, import price attained the peak level of $X per ton, and then plummeted in the following year.

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 Netherlands ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :