Iran: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in Iran

The Iranian orthopedic prosthetics market reduced modestly to $X in 2022, waning by -2.8% 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). In general, consumption recorded buoyant growth. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Orthopedic Prosthetics Exports

Exports from Iran

In 2022, the amount of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) exported from Iran dropped rapidly to X units, falling by -38.2% against 2021. In general, exports saw a abrupt curtailment. The growth pace was the most rapid in 2021 when exports increased by 1,171% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, orthopedic prosthetics exports dropped dramatically to $X in 2022. Over the period under review, exports faced a abrupt downturn. The growth pace was the most rapid in 2021 when exports increased by 347%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey (X units), South Africa (X units) and Jordan (X units) were the main destinations of orthopedic prosthetics exports from Iran, together accounting for 96% of total exports.

From 2012 to 2022, the biggest increases were recorded for Jordan (with a CAGR of +1,029.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for orthopedic prosthetics exported from Iran were Jordan ($X), Turkey ($X) and South Africa ($X), together accounting for 55% of total exports.

Jordan, with a CAGR of +1,050.5%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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, leveling off at the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 162%. Over the period under review, the average export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to South Africa ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Orthopedic Prosthetics Imports

Imports into Iran

In 2022, the amount of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) imported into Iran rose sharply to X units, increasing by 14% against the previous year. Overall, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2019 when imports increased by 100%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, orthopedic prosthetics imports fell rapidly to $X in 2022. Over the period under review, imports saw a notable expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 134%. Imports peaked at $X in 2021, and then contracted rapidly in the following year.

Imports by Country

France (X units), Belgium (X units) and Germany (X units) were the main suppliers of orthopedic prosthetics imports to Iran, with a combined 34% share of total imports. India, Turkey, the Netherlands, Brazil, China and Italy lagged somewhat behind, together accounting for a further 10%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +46.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) to Iran, comprising 15% of total imports. The second position in the ranking was taken by France ($X), with a 7% share of total imports. It was followed by Germany, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value from Belgium stood at +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+4.3% per year) and Germany (+6.5% per year).

Import Prices by Country

The average orthopedic prosthetics import price stood at $X per unit in 2022, declining by -27.5% against the previous year. Over the period under review, the import price showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 97% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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