United Kingdom: Orthopaedic Appliances Market 2024

Orthopaedic Appliances Market Size in the UK

In 2022, the UK orthopaedic appliances market decreased by -26.7% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, saw a prominent increase. As a result, consumption reached the peak level of $X, and then dropped significantly in the following year.

Orthopaedic Appliances Production in the UK

In value terms, orthopaedic appliances production stood at $X in 2022 estimated in export price. In general, the total production indicated a strong 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, production increased by +4.0% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of 43%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Orthopaedic Appliances Exports

Exports from the UK

In 2022, approx. X tons of orthopaedic appliances and splints were exported from the UK; waning by -14.3% against the previous year. In general, exports, however, continue to indicate a noticeable increase. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, orthopaedic appliances exports contracted significantly to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 36% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for orthopaedic appliances exports from the UK, with a 55% share of total exports. Moreover, orthopaedic appliances exports to France exceeded the volume sent to the second major destination, Ireland (X tons), fourfold. The third position in this ranking was held by the United States (X tons), with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to +30.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (-1.9% per year) and the United States (+4.3% per year).

In value terms, the United States ($X), the Netherlands ($X) and Ireland ($X) appeared to be the largest markets for orthopaedic appliances exported from the UK worldwide, together comprising 47% of total exports. Switzerland, France, Germany, Japan, Belgium, Saudi Arabia, New Zealand and Sweden lagged somewhat behind, together comprising a further 30%.

In terms of the main countries of destination, New Zealand, with a CAGR of +41.8%, 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

The average orthopaedic appliances export price stood at $X per ton in 2022, declining by -16% against the previous year. In general, the export price continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2014 when the average export price increased by 26%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average 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 United States ($X per ton), while the average price for exports to France ($X per ton) 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 (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.

Orthopaedic Appliances Imports

Imports into the UK

In 2022, supplies from abroad of orthopaedic appliances and splints decreased by -13.5% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 70% against the previous year. As a result, imports reached the peak of X tons, and then shrank in the following year.

In value terms, orthopaedic appliances imports contracted dramatically to $X in 2022. Over the period under review, imports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 56% against the previous year. As a result, imports attained the peak of $X, and then reduced dramatically in the following year.

Imports by Country

China (X tons), Mexico (X tons) and Vietnam (X tons) were the main suppliers of orthopaedic appliances imports to the UK, with a combined 84% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +69.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Mexico ($X) and China ($X) were the largest orthopaedic appliances suppliers to the UK, together accounting for 70% of total imports.

Mexico, with a CAGR of +54.3%, 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

The average orthopaedic appliances import price stood at $X per ton in 2022, which is down by -24.7% against the previous year. In general, the import price recorded a mild decrease. The pace of growth was the most pronounced in 2014 when the average import price increased by 40% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a 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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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