Report Iraq - Artificial Parts of the Body (Excl. Artificial Teeth and Dental Fittings and Artificial Joints) - Market Analysis, Forecast, Size, Trends and Insights for 499$

Report Update Nov 1, 2024

Iraq - Artificial Parts of the Body (Excl. Artificial Teeth and Dental Fittings and Artificial Joints) - Market Analysis, Forecast, Size, Trends and Insights

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Iraq: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in Iraq

After two years of growth, the Iraqi orthopedic prosthetics market decreased by -13.6% to $X in 2022. Overall, consumption, however, posted a prominent expansion. Orthopedic prosthetics consumption peaked at $X in 2021, and then shrank in the following year.

Orthopedic Prosthetics Exports

Exports from Iraq

In 2022, approx. X units of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) were exported from Iraq; declining by -33.5% compared with the previous year. In general, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2015 with an increase of 3,100% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, orthopedic prosthetics exports dropped sharply to $X in 2022. Over the period under review, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 1,937%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for orthopedic prosthetics exports from Iraq, accounting for a 95% share of total exports. Moreover, orthopedic prosthetics exports to Germany exceeded the volume sent to the second major destination, the UK (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +25.0%.

In value terms, Germany ($X) remains the key foreign market for artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) exports from Iraq, comprising 89% of total exports. The second position in the ranking was taken by the UK ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +22.8%.

Export Prices by Country

In 2022, the average orthopedic prosthetics export price amounted to $X per unit, growing by 11% against the previous year. Over the period under review, the export price, however, showed a mild shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 944% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Germany amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-1.8%).

Orthopedic Prosthetics Imports

Imports into Iraq

In 2022, after two years of growth, there was significant decline in purchases abroad of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints), when their volume decreased by -10.1% to X units. Over the period under review, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 270%. Imports peaked at X units in 2021, and then reduced in the following year.

In value terms, orthopedic prosthetics imports declined remarkably to $X in 2022. Overall, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 181%. Over the period under review, imports hit record highs at $X in 2021, and then reduced notably in the following year.

Imports by Country

Turkey (X units), Belgium (X units) and Germany (X units) were the main suppliers of orthopedic prosthetics imports to Iraq, together comprising 30% of total imports. France, the Netherlands, the United Arab Emirates, the United States, Barbados and India lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +49.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest orthopedic prosthetics suppliers to Iraq were the Netherlands ($X), Belgium ($X) and France ($X), together accounting for 23% of total imports. Germany, the United Arab Emirates, Turkey, the United States, India and Barbados lagged somewhat behind, together accounting for a further 14%.

Among the main suppliers, India, with a CAGR of +48.6%, saw the highest growth rate of 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

The average orthopedic prosthetics import price stood at $X per unit in 2022, which is down by -5.9% against the previous year. In general, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 an increase of 38%. Over the period under review, average import prices attained the peak figure 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 ($X per unit), while the price for Turkey ($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 States (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) in the world?

The country with the largest volume of orthopedic prosthetics consumption was the United States, accounting for 34% of total volume. Moreover, orthopedic prosthetics consumption in the United States exceeded the figures recorded by the second-largest consumer, China, twofold. The third position in this ranking was occupied by Japan, with a 7.5% share.

What are the largest producers of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) in the world?

The countries with the highest volumes of in 2021 were the United States, China and Germany, with a combined 57% share of global production.

What are the leading suppliers of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) to Iraq?

In value terms, the largest orthopedic prosthetics suppliers to Iraq were Germany, the Netherlands and the UK, together comprising 45% of total imports. These countries were followed by Turkey, France, Belgium, the United Arab Emirates, Egypt and Barbados, which together accounted for a further 32%.

What are the leading importers of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) from Iraq?

In value terms, Germany remains the key foreign market for orthopedic prosthetics exports from Iraq.

What is the average export price for artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) in Iraq?

The average orthopedic prosthetics export price stood at $169,667 per ton in 2021, increasing by 18% against the previous year.

What is the average import price for artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) in Iraq?

In 2021, the average orthopedic prosthetics import price amounted to $478,996 per ton, with a decrease of -14.1% against the previous year.

This report provides an in-depth analysis of the orthopedic prosthetics market in Iraq. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32502290 - Artificial parts of the body (excluding artificial teeth and dental fittings, artificial joints, orthopaedic and fracture appliances, h eart pacemakers)

Country coverage:

Iraq

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iraq
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023