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Report Latin America and the Caribbean - Artificial Joints for Orthopedic Purposes - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Latin America and the Caribbean - Artificial Joints for Orthopedic Purposes - Market Analysis, Forecast, Size, Trends and Insights

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Latin America and the Caribbean: Orthopedic Artificial Joints Market 2024

Orthopedic Artificial Joints Exports

Exports by Country

Argentina dominates exports structure, recording X units, which was approx. 86% of total exports in 2022. It was distantly followed by Colombia (X units), achieving an 8.5% share of total exports. Brazil (X units) followed a long way behind the leaders.

From 2020 to 2022, average annual rates of growth with regard to orthopedic artificial joints exports from Argentina stood at -89.8%. Colombia experienced a relatively flat trend pattern. Brazil (-62.5%) illustrated a downward trend over the same period. While the share of Argentina (+86 p.p.) and Colombia (+8.5 p.p.) increased significantly in terms of the total exports from 2020-2022, the share of Brazil (-89.3 p.p.) displayed negative dynamics.

In value terms, the largest orthopedic artificial joints supplying countries in Latin America and the Caribbean were Brazil ($X), Argentina ($X) and Colombia ($X), together accounting for 55% of total exports.

Argentina, with a CAGR of +125.4%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, increasing by 963% against the previous year. Overall, the export price, however, continues to indicate a sharp decrease. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per unit), while Argentina ($X per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+442.4%).

Orthopedic Artificial Joints Imports

Imports by Country

Aruba dominates imports structure, finishing at X units, which was near 98% of total imports in 2022. Curacao (X units) held a relatively small share of total imports.

Imports into Aruba decreased at an average annual rate of -70.2% from 2020 to 2022. At the same time, Curacao (+71.9%) displayed positive paces of growth. Moreover, Curacao emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +71.9% from 2020-2022. While the share of Aruba (+98 p.p.) increased significantly in terms of the total imports from 2020-2022, the share of Curacao (-89.1 p.p.) displayed negative dynamics.

In value terms, Curacao ($X) constitutes the largest market for imported artificial joints for orthopedic purposes in Latin America and the Caribbean, comprising 2.5% of total imports. The second position in the ranking was taken by Aruba ($X), with a 0.6% share of total imports.

From 2020 to 2022, the average annual rate of growth in terms of value in Curacao stood at +3.6%.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, jumping by 333% against the previous year. Over the period under review, the import price, however, recorded a significant curtailment. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 Curacao ($X per unit), while Aruba totaled less than $X per unit.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Aruba (+220.0%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Brazil remains the largest orthopedic artificial joints consuming country in Latin America and the Caribbean, comprising approx. 84% of total volume. Moreover, orthopedic artificial joints consumption in Brazil exceeded the figures recorded by the second-largest consumer, Costa Rica, more than tenfold. Colombia ranked third in terms of total consumption with a 3% share.
Brazil remains the largest orthopedic artificial joints producing country in Latin America and the Caribbean, accounting for 94% of total volume. Moreover, orthopedic artificial joints production in Brazil exceeded the figures recorded by the second-largest producer, Costa Rica, more than tenfold.
In value terms, the largest orthopedic artificial joints supplying countries in Latin America and the Caribbean were Brazil, Costa Rica and Argentina, together accounting for 76% of total exports. These countries were followed by Colombia, Mexico, Ecuador and Chile, which together accounted for a further 20%.
In value terms, the largest orthopedic artificial joints importing markets in Latin America and the Caribbean were Brazil, Colombia and Mexico, together accounting for 67% of total imports. These countries were followed by Argentina, Chile, Peru and Curacao, which together accounted for a further 24%.
In 2020, the orthopedic artificial joints export price in Latin America and the Caribbean amounted to $614,271 per ton, surging by 7% against the previous year.
In 2020, the orthopedic artificial joints import price in Latin America and the Caribbean amounted to $615,291 per ton, shrinking by -9.2% against the previous year.

This report provides an in-depth analysis of the orthopedic artificial joints market in Latin America and the Caribbean. 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 32502235 - Artificial joints

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Latin America and the Caribbean, split by region and country
  • Trade (exports and imports) in Latin America and the Caribbean
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Anguilla
    • Antigua and Barbuda
    • Argentina
    • Aruba
    • Bahamas
    • Barbados
    • Belize
    • Bolivia
    • Brazil
    • British Virgin Islands
    • Cayman Islands
    • Chile
    • Colombia
    • Costa Rica
    • Cuba
    • Curacao
    • Dominica
    • Dominican Republic
    • Ecuador
    • El Salvador
    • Falkland Islands (Malvinas)
    • French Guiana
    • Grenada
    • Guadeloupe
    • Guatemala
    • Guyana
    • Haiti
    • Honduras
    • Jamaica
    • Martinique
    • Mexico
    • Montserrat
    • Nicaragua
    • Panama
    • Paraguay
    • Peru
    • Saint Kitts and Nevis
    • Saint Lucia
    • Saint Vincent and the Grenadines
    • Saint Maarten (Dutch part)
    • Suriname
    • Trinidad and Tobago
    • Turks and Caicos Islands
    • United States Virgin Islands
    • Uruguay
    • Venezuela
    • Puerto Rico

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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