Myanmar: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in Myanmar

The Myanmar's orthopedic prosthetics market dropped to $X in 2022, falling by -2.2% against the previous year. In general, the total consumption indicated modest growth from 2012 to 2022: its value 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. Based on 2022 figures, consumption decreased by -9.5% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Orthopedic Prosthetics Production in Myanmar

In value terms, orthopedic prosthetics production dropped modestly to $X in 2022 estimated in export price. Overall, the total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.2% against 2019 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by 58%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Orthopedic Prosthetics Exports

Exports from Myanmar

In 2022, shipments abroad of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) decreased by -97.7% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, showed a noticeable expansion. The pace of growth was the most pronounced in 2020 when exports increased by 881% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then contracted markedly in the following year.

In value terms, orthopedic prosthetics exports declined notably to $X in 2022. Over the period under review, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 1,802%. The exports peaked at $X in 2021, and then contracted significantly in the following year.

Exports by Country

China (X units) was the main destination for orthopedic prosthetics exports from Myanmar, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to China was relatively modest.

In value terms, China ($X) emerged as the key foreign market for artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) exports from Myanmar.

From 2012 to 2022, the average annual growth rate of value to China was relatively modest.

Export Prices by Country

In 2022, the average orthopedic prosthetics export price amounted to $X per unit, waning by -91.7% against the previous year. Overall, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 an increase of 94% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2021, and then fell markedly in the following year.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +16.1% per year.

Orthopedic Prosthetics Imports

Imports into Myanmar

In 2022, orthopedic prosthetics imports into Myanmar soared to X units, growing by 153% against 2021 figures. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 821,626% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, orthopedic prosthetics imports expanded notably to $X in 2022. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 3,862,105%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X units) constituted the largest orthopedic prosthetics supplier to Myanmar, accounting for a 75% share of total imports. Moreover, orthopedic prosthetics imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X units), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand stood at +253.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+219.5% per year) and India (+204.1% per year).

In value terms, the largest orthopedic prosthetics suppliers to Myanmar were Thailand ($X), India ($X) and China ($X), together comprising 82% of total imports.

India, with a CAGR of +193.4%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average orthopedic prosthetics import price amounted to $X per unit, reducing by -54.6% against the previous year. In general, the import price faced a significant contraction. The most prominent rate of growth was recorded in 2017 an increase of 1,970%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+143.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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