Pakistan: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in Pakistan

The Pakistani orthopedic prosthetics market soared to $X in 2022, with an increase of 29% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +143.4% against 2020 indices. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Orthopedic Prosthetics Exports

Exports from Pakistan

In 2022, orthopedic prosthetics exports from Pakistan surged to X units, with an increase of 51% against the previous year's figure. Over the period under review, exports, however, showed a mild slump. The pace of growth was the most pronounced in 2020 with an increase of 364%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, orthopedic prosthetics exports soared to $X in 2022. Overall, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of 852%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X units) was the main destination for orthopedic prosthetics exports from Pakistan, with a 58% share of total exports. Moreover, orthopedic prosthetics exports to the UK exceeded the volume sent to the second major destination, Malaysia (X units), sixfold. The third position in this ranking was held by Thailand (X units), with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume to the UK stood at +33.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-1.2% per year) and Thailand (+0.5% per year).

In value terms, the largest markets for orthopedic prosthetics exported from Pakistan were the UK ($X), Jordan ($X) and Chile ($X), together comprising 55% of total exports.

The UK, with a CAGR of +41.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average orthopedic prosthetics export price stood at $X per unit in 2022, with a decrease of -15.1% against the previous year. Overall, the export price, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2014 when the average export price increased by 219%. The export price peaked at $X per unit in 2021, and then reduced dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (+24.8%), while the prices for the other major destinations experienced more modest paces of growth.

Orthopedic Prosthetics Imports

Imports into Pakistan

In 2022, imports of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) into Pakistan soared to X units, rising by 31% against the year before. In general, total imports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +133.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 79%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, orthopedic prosthetics imports surged to $X in 2022. Over the period under review, total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +141.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 88% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The UK (X units), the United States (X units) and the Netherlands (X units) were the main suppliers of orthopedic prosthetics imports to Pakistan, together comprising 38% of total imports. Germany, Belgium, Russia, China, Hungary, Turkey, Singapore, Thailand, Spain and South Africa lagged somewhat behind, together comprising a further 49%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of +177.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest orthopedic prosthetics suppliers to Pakistan were the UK ($X), the United States ($X) and Germany ($X), with a combined 42% share of total imports. The Netherlands, Singapore, China, Belgium, Thailand, Turkey, Spain, Hungary, Russia and South Africa lagged somewhat behind, together accounting for a further 38%.

South Africa, with a CAGR of +193.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, which is down by -1.6% against the previous year. In general, the import price, however, continues to indicate a modest increase. The growth pace was the most rapid in 2019 when the average import price increased by 13%. Over the period under review, average import prices attained the peak figure at $X per unit in 2021, and then reduced modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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