Japan: Orthopaedic Appliances Market 2024

Orthopaedic Appliances Market Size in Japan

The Japanese orthopaedic appliances market contracted to $X in 2022, shrinking by -8.8% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Orthopaedic Appliances Production in Japan

In value terms, orthopaedic appliances production shrank slightly to $X in 2022 estimated in export price. Overall, production showed a slight downturn. The growth pace was the most rapid in 2014 when the production volume increased by 52% against the previous year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Orthopaedic Appliances Exports

Exports from Japan

In 2022, exports of orthopaedic appliances and splints from Japan dropped sharply to X tons, which is down by -18.1% compared with the previous year. Overall, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of 40% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, orthopaedic appliances exports shrank remarkably to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 65% against the previous year. As a result, the exports reached the peak of $X, and then reduced markedly in the following year.

Exports by Country

The United States (X tons) was the main destination for orthopaedic appliances exports from Japan, accounting for a 60% share of total exports. Moreover, orthopaedic appliances exports to the United States exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), fourfold. The third position in this ranking was held by China (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at -10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+12.3% per year) and China (+10.3% per year).

In value terms, the United States ($X) remains the key foreign market for orthopaedic appliances and splints exports from Japan, comprising 83% of total exports. The second position in the ranking was taken by China ($X), with a 6.1% share of total exports. It was followed by Taiwan (Chinese), with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+3.2% per year) and Taiwan (Chinese) (+12.2% per year).

Export Prices by Country

The average orthopaedic appliances export price stood at $X per ton in 2022, declining by -23.3% against the previous year. Overall, the export price, however, continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2018 an increase of 61% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then reduced rapidly in the following year.

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 the United States ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+9.2%), while the prices for the other major destinations experienced a decline.

Orthopaedic Appliances Imports

Imports into Japan

In 2022, the amount of orthopaedic appliances and splints imported into Japan declined rapidly to X tons, with a decrease of -30.3% on the previous year. Overall, total imports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when imports increased by 25% against the previous year. Imports peaked at X tons in 2021, and then fell dramatically in the following year.

In value terms, orthopaedic appliances imports reduced modestly to $X in 2022. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 20% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest orthopaedic appliances supplier to Japan, with a 70% share of total imports. Moreover, orthopaedic appliances imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sevenfold. The third position in this ranking was taken by Mexico (X tons), with a 5.8% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-6.1% per year) and Mexico (-9.5% per year).

In value terms, the United States ($X) constituted the largest supplier of orthopaedic appliances and splints to Japan, comprising 48% of total imports. The second position in the ranking was taken by Switzerland ($X), with a 23% share of total imports. It was followed by Germany, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-2.3% per year) and Germany (-7.5% per year).

Import Prices by Country

In 2022, the average orthopaedic appliances import price amounted to $X per ton, with an increase of 40% against the previous year. Overall, the import price, however, saw a mild descent. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :