Middle East: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in the Middle East

The Middle Eastern orthopedic prosthetics market totaled $X in 2022, approximately reflecting the previous year. Overall, consumption showed a prominent increase. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Orthopedic Prosthetics Production in the Middle East

In value terms, orthopedic prosthetics production fell modestly to $X in 2022 estimated in export price. Overall, production continues to indicate prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 49% against the previous year. Over the period under review, production hit record highs at $X in 2019; afterwards, it flattened through to 2022.

Orthopedic Prosthetics Exports

Exports in the Middle East

In 2022, shipments abroad of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) increased by 67% to X units, rising for the second consecutive year after three years of decline. Over the period under review, exports showed a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, orthopedic prosthetics exports soared to $X in 2022. Total exports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 37% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Turkey prevails in exports structure, finishing at X units, which was approx. 94% of total exports in 2022. Israel (X units) took a little share of total exports.

Turkey was also the fastest-growing in terms of the artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) exports, with a CAGR of +19.9% from 2012 to 2022. Israel (-10.5%) illustrated a downward trend over the same period. While the share of Turkey (+44 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Israel (-33.2 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest orthopedic prosthetics supplier in the Middle East, comprising 80% of total exports. The second position in the ranking was taken by Israel ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Turkey stood at +12.9%.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, waning by -19% against the previous year. Over the period under review, the export price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2021 when the export price increased by 14% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per unit), while Turkey amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+1.7%).

Orthopedic Prosthetics Imports

Imports in the Middle East

After two years of decline, purchases abroad of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) increased by 18% to X units in 2022. Total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, orthopedic prosthetics imports contracted to $X in 2022. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 25%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

Turkey represented the largest importer of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) in the Middle East, with the volume of imports accounting for X units, which was approx. 55% of total imports in 2022. Iran (X units) ranks second in terms of the total imports with a 19% share, followed by Israel (6.6%) and the United Arab Emirates (5.6%). Iraq (X units), Lebanon (X units) and Syrian Arab Republic (X units) took a relatively small share of total imports.

Imports into Turkey increased at an average annual rate of +5.4% from 2012 to 2022. At the same time, Iraq (+16.2%), Syrian Arab Republic (+13.7%), Iran (+9.4%), Israel (+8.3%), the United Arab Emirates (+6.1%) and Lebanon (+2.6%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +16.2% from 2012-2022. Iran (+4.6 p.p.) and Iraq (+2.3 p.p.) significantly strengthened its position in terms of the total imports, while Lebanon and Turkey saw its share reduced by -1.6% and -5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), Iran ($X) and Israel ($X) were the countries with the highest levels of imports in 2022, with a combined 77% share of total imports. The United Arab Emirates, Iraq, Lebanon and Syrian Arab Republic lagged somewhat behind, together accounting for a further 16%.

In terms of the main importing countries, Iraq, with a CAGR of +10.3%, recorded 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

In 2022, the import price in the Middle East amounted to $X per unit, falling by -27.2% against the previous year. Overall, the import price recorded a pronounced decrease. The most prominent rate of growth was recorded in 2021 an increase of 33%. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 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 Israel ($X per unit), while Syrian Arab Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :