Report Saudi Arabia - 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

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

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Saudi Arabia: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in Saudi Arabia

The Saudi orthopedic prosthetics market shrank to $X in 2022, with a decrease of -2% against the previous year. Overall, consumption showed a resilient increase. Orthopedic prosthetics consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Orthopedic Prosthetics Production in Saudi Arabia

In value terms, orthopedic prosthetics production reduced slightly to $X in 2022 estimated in export price. In general, production saw strong growth. The growth pace was the most rapid in 2017 with an increase of 59% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Orthopedic Prosthetics Exports

Exports from Saudi Arabia

After two years of decline, shipments abroad of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) increased by 22% to X units in 2022. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 269%. Over the period under review, the exports reached the peak figure at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, orthopedic prosthetics exports amounted to $X in 2022. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2018 when exports increased by 268% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X units), Germany (X units) and Italy (X units) were the main destinations of orthopedic prosthetics exports from Saudi Arabia, together accounting for 74% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +94.3%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) exports from Saudi Arabia, comprising 47% of total exports. The second position in the ranking was held by Germany ($X), with a 10% share of total exports. It was followed by Italy, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands stood at +80.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+5.5% per year) and Italy (+3.2% per year).

Export Prices by Country

In 2022, the average orthopedic prosthetics export price amounted to $X per unit, declining by -10% against the previous year. Over the period under review, export price indicated a strong expansion 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 export price increased by +9.7% against 2020 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by 93%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

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 Italy ($X per unit), while the average price for exports to Germany ($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 Turkey (+174.5%), while the prices for the other major destinations experienced mixed trend patterns.

Orthopedic Prosthetics Imports

Imports into Saudi Arabia

In value terms, orthopedic prosthetics imports skyrocketed to $X in 2021. Overall, imports saw a remarkable increase. The growth pace was the most rapid in 2018 with an increase of 44%. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In value terms, the largest orthopedic prosthetics suppliers to Saudi Arabia were the United States ($X), Ireland ($X) and Germany ($X), together comprising 75% of total imports. Costa Rica, Singapore, Switzerland, Mexico, the Netherlands and the UK lagged somewhat behind, together accounting for a further 17%.

Among the main suppliers, Singapore, with a CAGR of +34.4%, saw 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.

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. The third position in this ranking was occupied by Japan, 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, with a combined 57% share of global production.

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

In value terms, the largest orthopedic prosthetics suppliers to Saudi Arabia were the United States, Ireland and Belgium, together comprising 71% of total imports.

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

In value terms, the Netherlands, Belgium and Bahrain constituted the largest markets for orthopedic prosthetics exported from Saudi Arabia worldwide, with a combined 88% share 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 Saudi Arabia?

The average orthopedic prosthetics export price stood at $3,095 per kg in 2021, jumping by 138% 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 Saudi Arabia?

In 2021, the average orthopedic prosthetics import price amounted to $730,092 per ton, with a decrease of -17.1% against the previous year.

This report provides an in-depth analysis of the orthopedic prosthetics market in Saudi Arabia. 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:

Saudi Arabia

Data coverage:

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