Middle East: Orthopedic Artificial Joints Market 2024

Orthopedic Artificial Joints Market Size in the Middle East

The Middle Eastern orthopedic artificial joints market soared to $X in 2022, with an increase of 59% against the previous year. Over the period under review, consumption posted significant growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Orthopedic Artificial Joints Production in the Middle East

In value terms, orthopedic artificial joints production totaled $X in 2022 estimated in export price. In general, production posted a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 134%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Orthopedic Artificial Joints Exports

Exports by Country

Turkey dominates exports structure, accounting for X units, which was approx. 98% of total exports in 2022. Israel (X units) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the artificial joints for orthopedic purposes exports, with a CAGR of +14.2% from 2020 to 2022. Israel (-12.1%) illustrated a downward trend over the same period. From 2020 to 2022, the share of Turkey increased by +1.6 percentage points.

In value terms, Turkey ($X) remains the largest orthopedic artificial joints supplier in the Middle East, comprising 54% of total exports. The second position in the ranking was taken by Israel ($X), with a 3.7% share of total exports.

From 2020 to 2022, the average annual rate of growth in terms of value in Turkey stood at +17.8%.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, jumping by 89% against the previous year. Export price indicated a buoyant increase from 2020 to 2022: its price increased at an average annual rate of +8.7% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export 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 exporting countries. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per unit), while Turkey stood at $X per unit.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+29.4%).

Orthopedic Artificial Joints Imports

Imports in the Middle East

In 2022, purchases abroad of artificial joints for orthopedic purposes increased by 81% to X units, rising for the third year in a row after two years of decline. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 18,020% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, orthopedic artificial joints imports reduced remarkably to $X in 2022. Overall, imports showed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 85%. As a result, imports attained the peak of $X, and then reduced sharply in the following year.

Imports by Country

Yemen represented the main importer of artificial joints for orthopedic purposes in the Middle East, with the volume of imports reaching X units, which was near 66% of total imports in 2022. It was distantly followed by Iran (X units), Kuwait (X units) and Iraq (X units), together making up a 28% share of total imports. The United Arab Emirates (X units) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to orthopedic artificial joints imports into Yemen stood at +1,021.4%. At the same time, Kuwait (+1,145.3%), the United Arab Emirates (+170.2%) and Iran (+64.1%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +1,145.3% from 2012-2022. By contrast, Iraq (-24.2%) illustrated a downward trend over the same period. Yemen (+65 p.p.), Iran (+17 p.p.), Kuwait (+4.9 p.p.), Iraq (+3.7 p.p.) and the United Arab Emirates (+3.4 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest orthopedic artificial joints importing markets in the Middle East were the United Arab Emirates ($X), Iran ($X) and Iraq ($X), with a combined 67% share of total imports.

In terms of the main importing countries, Iraq, with a CAGR of +29.2%, saw the highest rates of growth with regard to 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 import price in the Middle East stood at $X per unit in 2022, reducing by -54.7% against the previous year. Over the period under review, the import price showed a significant decrease. The growth pace was the most rapid in 2018 an increase of 235% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 the United Arab Emirates ($X per unit), while Yemen ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (+55.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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