Romania: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in Romania

In 2022, the Romanian orthopedic prosthetics market increased by 5.6% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.2% 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 +10.5% against 2020 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Orthopedic Prosthetics Production in Romania

In value terms, orthopedic prosthetics production dropped to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the production volume increased by 35% against the previous year. Orthopedic prosthetics production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Orthopedic Prosthetics Exports

Exports from Romania

In 2022, exports of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) from Romania plummeted to X units, dropping by -16% against the previous year. In general, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 167%. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, orthopedic prosthetics exports declined sharply to $X in 2022. Over the period under review, exports, however, showed a buoyant increase. The growth pace was the most rapid in 2013 with an increase of 119% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Moldova (X units) was the main destination for orthopedic prosthetics exports from Romania, accounting for a 58% share of total exports. Moreover, orthopedic prosthetics exports to Moldova exceeded the volume sent to the second major destination, Switzerland (X units), fourfold. The Netherlands (X units) ranked third in terms of total exports with a 7% share.

From 2012 to 2022, the average annual growth rate of volume to Moldova stood at +12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+71.8% per year) and the Netherlands (+23.8% per year).

In value terms, Moldova ($X) remains the key foreign market for artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) exports from Romania, comprising 63% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an 11% share of total exports. It was followed by Greece, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value to Moldova totaled +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+21.2% per year) and Greece (+44.4% per year).

Export Prices by Country

In 2022, the average orthopedic prosthetics export price amounted to $X per unit, waning by -15.2% against the previous year. Overall, the export price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by 21% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Switzerland ($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 the Netherlands (-2.1%), while the prices for the other major destinations experienced a decline.

Orthopedic Prosthetics Imports

Imports into Romania

In 2022, after two years of decline, there was growth in supplies from abroad of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints), when their volume increased by 0.3% to X units. In general, imports, however, recorded a perceptible contraction. The pace of growth was the most pronounced in 2018 when imports increased by 20%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, orthopedic prosthetics imports expanded markedly to $X in 2022. Over the period under review, total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 +18.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 24% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Hungary (X units), Germany (X units) and France (X units) were the main suppliers of orthopedic prosthetics imports to Romania, with a combined 59% share of total imports. Belgium, the Netherlands, India and Italy lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +30.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and Germany ($X) were the largest orthopedic prosthetics suppliers to Romania, together comprising 60% of total imports. France, Italy, Hungary and India lagged somewhat behind, together comprising a further 25%.

India, with a CAGR of +27.5%, recorded 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, growing by 6.2% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, orthopedic prosthetics import price increased by +70.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 27%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 the Netherlands ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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