Turkey: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in Turkey

The Turkish orthopedic prosthetics market reached $X in 2022, surging by 2.3% against the previous year. Over the period under review, consumption enjoyed a resilient expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Orthopedic Prosthetics Production in Turkey

In value terms, orthopedic prosthetics production expanded slightly to $X in 2022 estimated in export price. Overall, production showed a significant increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by 88% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Orthopedic Prosthetics Exports

Exports from Turkey

In 2022, approx. X units of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) were exported from Turkey; rising by 67% against the previous year. Over the period under review, exports recorded a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of 75%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, orthopedic prosthetics exports skyrocketed to $X in 2022. In general, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 60%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Russia (X units), Germany (X units) and China (X units) were the main destinations of orthopedic prosthetics exports from Turkey, together accounting for 50% 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 China (with a CAGR of +69.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for orthopedic prosthetics exported from Turkey were China ($X), Germany ($X) and Russia ($X), together accounting for 37% of total exports.

In terms of the main countries of destination, China, with a CAGR of +82.9%, recorded 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

In 2022, the average orthopedic prosthetics export price amounted to $X per unit, waning by -22.4% against the previous year. In general, the export price continues to indicate a abrupt slump. The growth pace was the most rapid in 2015 when the average export price increased by 24%. The export price peaked 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 external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Algeria ($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 China (+7.7%), while the prices for the other major destinations experienced mixed trend patterns.

Orthopedic Prosthetics Imports

Imports into Turkey

In 2022, supplies from abroad of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) increased by 18% to X units, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +5.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 20% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, orthopedic prosthetics imports skyrocketed to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Ireland (X units), India (X units) and the United States (X units) were the main suppliers of orthopedic prosthetics imports to Turkey, with a combined 56% share of total imports. China, the Netherlands, Costa Rica, France, Germany and Mexico lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +28.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), the United States ($X) and India ($X) appeared to be the largest orthopedic prosthetics suppliers to Turkey, with a combined 61% share of total imports. China, Costa Rica, Germany, France, the Netherlands and Mexico lagged somewhat behind, together accounting for a further 25%.

In terms of the main suppliers, Costa Rica, with a CAGR of +20.1%, recorded 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.

Import Prices by Country

In 2022, the average orthopedic prosthetics import price amounted to $X per unit, with an increase of 11% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable curtailment. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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