Iceland: Orthopedic Prosthetics Market 2020

Orthopedic Prosthetics Market Size in Iceland

The revenue of the orthopedic prosthetics market in Iceland amounted to $X in 2018, going up by X% against the previous year. In general, orthopedic prosthetics consumption continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. In that year, the orthopedic prosthetics market reached its peak level and is likely to continue its growth in the immediate term.

Orthopedic Prosthetics Production in Iceland

In value terms, orthopedic prosthetics production stood at $X in 2018 estimated in export prices. In general, the total output indicated a tangible expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. In that year, orthopedic prosthetics production reached its peak level and is likely to continue its growth in the immediate term.

Orthopedic Prosthetics Exports

Exports from Iceland

In 2018, the amount of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) exported from Iceland amounted to X tons, remaining relatively unchanged against the previous year. In general, the total exports indicated a pronounced expansion from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, orthopedic prosthetics exports decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Iceland exports peaked at X tons in 2016; however, from 2017 to 2018, exports failed to regain their momentum.

In value terms, orthopedic prosthetics exports amounted to $X in 2018. In general, orthopedic prosthetics exports continue to indicate temperate growth. The growth pace was the most rapid in 2018 when exports increased by X% y-o-y. In that year, orthopedic prosthetics exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

The countries with the highest levels of orthopedic prosthetics exports in 2018 were Ireland (X tons), the U.S. (X tons), the Netherlands (X tons), Belgium (X tons), Germany (X tons), Costa Rica (X tons), France (X tons), Singapore (X tons), Austria (X tons) and the UK (X tons), together reaching X% of total export.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Singapore, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Ireland ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of exports in 2018, together accounting for X% of total exports. These countries were followed by Belgium, Singapore, Germany, Costa Rica, France, the UK, Austria and Iceland, which together accounted for a further X experienced the highest growth rate of exports, among the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the orthopedic prosthetics export price in Iceland amounted to $X per ton, going up by X% against the previous year. Overall, the orthopedic prosthetics export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices for artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) attained their peak figure at $X per ton in 2007; however, from 2008 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the U.S. ($X per ton), while Austria ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

Orthopedic Prosthetics Imports

Imports into Iceland

In 2018, the amount of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) imported into Iceland stood at X tons, declining by -X% against the previous year. Overall, orthopedic prosthetics imports continue to indicate a temperate deduction. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. Over the period under review, orthopedic prosthetics imports attained their maximum at X tons in 2009; however, from 2010 to 2018, imports remained at a lower figure.

In value terms, orthopedic prosthetics imports amounted to $X in 2018. In general, orthopedic prosthetics imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Over the period under review, orthopedic prosthetics imports reached their peak figure at $X in 2014; however, from 2015 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the U.S. (X tons), followed by the Netherlands (X tons), Germany (X tons), Belgium (X tons), France (X tons) and Spain (X tons) were the key importers of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints), together mixing up X% of total imports. Japan (X tons), China (X tons), Ireland (X tons), Italy (X tons), the UK (X tons) and Turkey (X tons) held a minor share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Turkey, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) into Iceland, comprising X% of global imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

In the U.S., orthopedic prosthetics imports increased at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Germany (+X% per year).

Import Prices by Country

The orthopedic prosthetics import price in Iceland stood at $X per ton in 2018, increasing by X% against the previous year. In general, the orthopedic prosthetics import price continues to indicate prominent growth. The pace of growth appeared the most rapid in 2010 when the import price increased by X% year-to-year. Over the period under review, the import prices for artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) attained their maximum in 2018 and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per ton), while Ireland ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform