Report Nigeria - Artificial Parts of the Body (Excl. Artificial Teeth and Dental Fittings and Artificial Joints) - Market Analysis, Forecast, Size, Trends and Insights for 499$

Report Update Nov 1, 2024

Nigeria - Artificial Parts of the Body (Excl. Artificial Teeth and Dental Fittings and Artificial Joints) - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Nigeria: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in Nigeria

The Nigerien orthopedic prosthetics market rose rapidly to $X in 2022, picking up by 7.6% against the previous year. In general, consumption recorded a relatively flat trend pattern. Orthopedic prosthetics consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Orthopedic Prosthetics Production in Nigeria

In value terms, orthopedic prosthetics production reached $X in 2022 estimated in export price. In general, production, however, saw a slight reduction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 46% against the previous year. Orthopedic prosthetics production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Orthopedic Prosthetics Exports

Exports from Nigeria

In 2022, orthopedic prosthetics exports from Nigeria skyrocketed to X units, growing by 456% against 2021. Over the period under review, exports saw buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, orthopedic prosthetics exports surged to $X in 2022. Overall, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 800% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

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

From 2012 to 2022, the average annual growth rate of volume to South Africa amounted to +8.4%.

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

From 2012 to 2022, the average annual rate of growth in terms of value to South Africa was relatively modest.

Export Prices by Country

In 2022, the average orthopedic prosthetics export price amounted to $X per unit, waning by -23.3% against the previous year. In general, the export price saw a abrupt downturn. The pace of growth was the most pronounced in 2016 when the average export price increased by 79%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to +17.2% per year.

Orthopedic Prosthetics Imports

Imports into Nigeria

In 2022, imports of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) into Nigeria expanded slightly to X units, picking up by 4.9% against the year before. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 531%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, orthopedic prosthetics imports contracted notably to $X in 2022. Overall, imports showed a buoyant expansion. The pace of growth was the most pronounced in 2015 when imports increased by 538%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X units) constituted the largest orthopedic prosthetics supplier to Nigeria, accounting for a 42% share of total imports. Moreover, orthopedic prosthetics imports from India exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. The third position in this ranking was held by Taiwan (Chinese) (X units), with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled +25.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+87.0% per year) and Taiwan (Chinese) (+98.9% per year).

In value terms, Germany ($X), India ($X) and Belgium ($X) were the largest orthopedic prosthetics suppliers to Nigeria, with a combined 69% share of total imports. The United States, South Africa, France, China and Taiwan (Chinese) lagged somewhat behind, together comprising a further 15%.

In terms of the main suppliers, the United States, with a CAGR of +56.6%, recorded 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 average orthopedic prosthetics import price stood at $X per unit in 2022, with a decrease of -21.2% against the previous year. Over the period under review, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 an increase of 46% against the previous year. The import price peaked 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 supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) in the world?

The United States constituted the country with the largest volume of orthopedic prosthetics consumption, accounting for 34% of total volume. Moreover, orthopedic prosthetics consumption in the United States exceeded the figures recorded by the second-largest consumer, China, twofold. Japan ranked third in terms of total consumption with a 7.5% share.

What are the largest producers of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) in the world?

The countries with the highest volumes of in 2021 were the United States, China and Germany, together comprising 57% of global production.

What are the leading suppliers of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) to Nigeria?

In value terms, the largest orthopedic prosthetics suppliers to Nigeria were India, Germany and the Netherlands, with a combined 78% share of total imports. These countries were followed by the United Arab Emirates, Turkey, South Africa and South Korea, which together accounted for a further 11%.

What are the leading importers of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) from Nigeria?

In value terms, Germany, South Africa and Cote d'Ivoire $960) constituted the largest markets for orthopedic prosthetics exported from Nigeria worldwide, together accounting for 86% of total exports.

What is the average export price for artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) in Nigeria?

In 2021, the average orthopedic prosthetics export price amounted to $159,400 per ton, shrinking by -20.1% against the previous year.

What is the average import price for artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) in Nigeria?

In 2021, the average orthopedic prosthetics import price amounted to $178,944 per ton, increasing by 172% against the previous year.

This report provides an in-depth analysis of the orthopedic prosthetics market in Nigeria. 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 32502290 - Artificial parts of the body (excluding artificial teeth and dental fittings, artificial joints, orthopaedic and fracture appliances, h eart pacemakers)

Country coverage:

Nigeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nigeria
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:

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
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. 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. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
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
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 In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023