Russian Federation: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in the Russian Federation

The Russian orthopedic prosthetics market reduced slightly to $X in 2022, approximately mirroring the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Orthopedic Prosthetics Production in the Russian Federation

In value terms, orthopedic prosthetics production dropped to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 47% against the previous year. Orthopedic prosthetics production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Orthopedic Prosthetics Exports

Exports from the Russian Federation

Orthopedic prosthetics exports from Russia declined remarkably to X units in 2022, which is down by -24.2% on 2021 figures. Overall, exports, however, showed a perceptible increase. The most prominent rate of growth was recorded in 2021 with an increase of 81%. As a result, the exports attained the peak of X units, and then contracted remarkably in the following year.

In value terms, orthopedic prosthetics exports plummeted to $X in 2022. In general, exports, however, showed a perceptible increase. The growth pace was the most rapid in 2019 when exports increased by 116% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

Egypt (X units), Kazakhstan (X units) and Belarus (X units) were the main destinations of orthopedic prosthetics exports from Russia, with a combined 59% share of total exports. Armenia, Kyrgyzstan, Ukraine and the UK lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +208.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for orthopedic prosthetics exported from Russia were Belarus ($X), Kazakhstan ($X) and Ukraine ($X), with a combined 56% share of total exports. Egypt, the UK, Armenia and Kyrgyzstan lagged somewhat behind, together accounting for a further 24%.

Among the main countries of destination, the UK, with a CAGR of +209.1%, saw the highest growth rate of the value of exports, 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, reducing by -2.5% against the previous year. Overall, the export price showed a mild contraction. The most prominent rate of growth was recorded in 2019 an increase of 21%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per unit), while the average price for exports to Egypt ($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 Belarus (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Orthopedic Prosthetics Imports

Imports into the Russian Federation

In 2022, purchases abroad of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) decreased by -1.1% to X units, falling for the third consecutive year after two years of growth. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 12%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, orthopedic prosthetics imports contracted to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 23% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

The UK (X units), Germany (X units) and the United States (X units) were the main suppliers of orthopedic prosthetics imports to Russia, together accounting for 63% of total imports. Ireland, India, the Netherlands, Iceland, France, China, Brazil and Switzerland lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +43.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest orthopedic prosthetics suppliers to Russia were the United States ($X), the UK ($X) and Germany ($X), together comprising 63% of total imports. Ireland, the Netherlands, Iceland, Brazil, India, France, China and Switzerland lagged somewhat behind, together comprising a further 22%.

Brazil, with a CAGR of +27.5%, recorded the highest growth rate of 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

In 2022, the average orthopedic prosthetics import price amounted to $X per unit, declining by -5% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 21%. Over the period under review, average import prices reached the peak figure at $X per unit in 2019; however, from 2020 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 the United States ($X per unit), while the price for China ($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 (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :