Report Update Nov 1, 2024

MERCOSUR - Artificial Joints for Orthopedic Purposes - Market Analysis, Forecast, Size, Trends and Insights

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MERCOSUR: Orthopedic Artificial Joints Market 2024

Orthopedic Artificial Joints Market Size in MERCOSUR

The MERCOSUR orthopedic artificial joints market soared to $X in 2022, increasing by 166% against the previous year. In general, consumption showed a significant expansion. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2022.

Orthopedic Artificial Joints Production in MERCOSUR

In value terms, orthopedic artificial joints production expanded rapidly to $X in 2022 estimated in export price. The total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +77.1% against 2015 indices. The pace of growth appeared the most rapid in 2020 with an increase of 11% against the previous year. The level of production peaked in 2022 and is expected to retain growth in the immediate term.

Orthopedic Artificial Joints Exports

Exports by Country

Argentina dominates exports structure, finishing at X units, which was near 87% of total exports in 2022. It was distantly followed by Colombia (X units), making up an 8.6% share of total exports. Brazil (X units) held a minor share of total exports.

Exports from Argentina decreased at an average annual rate of -89.8% from 2020 to 2022. Colombia experienced a relatively flat trend pattern. Brazil (-62.5%) illustrated a downward trend over the same period. While the share of Argentina (+87 p.p.) and Colombia (+8.6 p.p.) increased significantly in terms of the total exports from 2020-2022, the share of Brazil (-95.8 p.p.) displayed negative dynamics.

In value terms, the largest orthopedic artificial joints supplying countries in MERCOSUR were Brazil ($X), Argentina ($X) and Colombia ($X), with a combined 91% share of total exports.

Among the main exporting countries, Argentina, with a CAGR of +125.4%, recorded the highest rates of growth with regard to the value of exports, 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 MERCOSUR stood at $X per unit in 2022, jumping by 668% against the previous year. In general, the export price, however, saw a dramatic setback. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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

In 2022, Colombia (X units) represented the key importer of artificial joints for orthopedic purposes, generating 49% of total imports. Brazil (X units) took the second position in the ranking, distantly followed by Peru (X units) and Uruguay (X units). All these countries together took approx. 43% share of total imports. Chile (X units) and Ecuador (X units) followed a long way behind the leaders.

Colombia was also the fastest-growing in terms of the artificial joints for orthopedic purposes imports, with a CAGR of +239.0% from 2020 to 2022. At the same time, Ecuador (+63.3%) and Peru (+45.2%) displayed positive paces of growth. By contrast, Chile (-19.3%), Brazil (-29.6%) and Uruguay (-40.7%) illustrated a downward trend over the same period. From 2020 to 2022, the share of Colombia and Peru increased by +44 and +5.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported artificial joints for orthopedic purposes in MERCOSUR, comprising 45% of total imports. The second position in the ranking was taken by Colombia ($X), with a 17% share of total imports. It was followed by Chile, with an 11% share.

In Brazil, orthopedic artificial joints imports expanded at an average annual rate of +32.4% over the period from 2020-2022. In the other countries, the average annual rates were as follows: Colombia (+5.5% per year) and Chile (+32.0% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per unit, increasing by 527% against the previous year. Overall, the import price continues to indicate a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Chile ($X per unit), while Uruguay ($X per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+97.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

This report provides an in-depth analysis of the orthopedic artificial joints market in MERCOSUR. 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 MERCOSUR, split by region and country
Trade (exports and imports) in MERCOSUR
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

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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
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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. CONSUMPTION BY COUNTRY
3. 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
2. PRODUCTION BY COUNTRY
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. 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. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Argentina
- Brazil
- Chile
- Colombia
- Ecuador
- Guyana
- Paraguay
- Peru
- Suriname
- Uruguay
- Venezuela
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
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