Sweden: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in Sweden

In 2022, the Swedish orthopedic prosthetics market increased by 0.8% to $X, rising for the third year in a row after two years of decline. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +17.0% against 2019 indices. Orthopedic prosthetics consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Orthopedic Prosthetics Production in Sweden

In value terms, orthopedic prosthetics production amounted to $X in 2022 estimated in export price. In general, the total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.3% against 2020 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 30% against the previous year. Orthopedic prosthetics production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Orthopedic Prosthetics Exports

Exports from Sweden

In 2022, shipments abroad of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) was finally on the rise to reach X units for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports, however, continue to indicate a deep setback. Over the period under review, the exports reached the peak figure at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, orthopedic prosthetics exports shrank slightly to $X in 2022. Overall, exports, however, saw a abrupt setback. The pace of growth appeared the most rapid in 2014 with an increase of 38%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Norway (X units), Germany (X units) and Denmark (X units) were the main destinations of orthopedic prosthetics exports from Sweden, together comprising 89% 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 Denmark (with a CAGR of +9.9%), while the other leaders experienced a decline.

In value terms, Germany ($X) remains the key foreign market for artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) exports from Sweden, comprising 64% of total exports. The second position in the ranking was taken by Norway ($X), with a 10% share of total exports. It was followed by Denmark, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at -7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-3.8% per year) and Denmark (+7.4% per year).

Export Prices by Country

The average orthopedic prosthetics export price stood at $X per unit in 2022, dropping by -29.9% against the previous year. Over the period under review, the export price continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2018 when the average export price increased by 58%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Norway ($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 United States (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Orthopedic Prosthetics Imports

Imports into Sweden

In 2022, approx. X units of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) were imported into Sweden; rising by 3.5% on 2021 figures. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, orthopedic prosthetics imports declined to $X in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 28%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

Germany (X units), Belgium (X units) and the Netherlands (X units) were the main suppliers of orthopedic prosthetics imports to Sweden, with a combined 87% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +6.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Belgium ($X) were the largest orthopedic prosthetics suppliers to Sweden, together accounting for 89% of total imports. Denmark, France, the United States and the UK lagged somewhat behind, together accounting for a further 8.8%.

The United States, with a CAGR of +15.4%, saw the highest rates of growth with regard to the value of imports, among 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, waning by -14.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2017 an increase of 29%. Over the period under review, average import prices attained the peak figure at $X per unit in 2021, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for the United States ($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 United States (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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