Report Update Nov 1, 2024

Vietnam - Artificial Joints for Orthopedic Purposes - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Orthopedic Artificial Joints Market 2024

Orthopedic Artificial Joints Market Size in Vietnam

In 2022, the Vietnamese orthopedic artificial joints market decreased by -2.8% to $X for the first time since 2011, thus ending a ten-year rising trend. Overall, consumption continues to indicate slight growth. The pace of growth appeared the most rapid in 2021 when the market value increased by 6%. As a result, consumption attained the peak level of $X, and then declined slightly in the following year.

Orthopedic Artificial Joints Exports

Exports from Vietnam

In value terms, orthopedic artificial joints exports skyrocketed to $X in 2022. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2015 with an increase of 285% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

In value terms, the largest markets for orthopedic artificial joints exported from Vietnam were France ($X), Singapore ($X) and Canada ($X), with a combined 80% share of total exports. Belgium, Spain and South Africa lagged somewhat behind, together accounting for a further 17%.

South Africa, with a CAGR of +66.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Orthopedic Artificial Joints Imports

Imports into Vietnam

Orthopedic artificial joints imports into Vietnam soared to X units in 2022, growing by 64% compared with 2021. In general, imports, however, continue to indicate a pronounced reduction. Imports peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, orthopedic artificial joints imports shrank to $X in 2022. Over the period under review, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 103% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Singapore (X units), Germany (X units) and France (X units) were the main suppliers of orthopedic artificial joints imports to Vietnam, with a combined 58% share of total imports. The United States, Switzerland, Australia, China, Italy, the UK, South Korea, Spain and Ireland lagged somewhat behind, together comprising a further 38%.

From 2020 to 2022, the biggest increases were recorded for Australia (with a CAGR of +1,292.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest orthopedic artificial joints suppliers to Vietnam were Singapore ($X), the United States ($X) and Germany ($X), together accounting for 57% of total imports. France, Switzerland, Australia, China, Italy, the UK, South Korea, Spain and Ireland lagged somewhat behind, together accounting for a further 39%.

Australia, with a CAGR of +2,923.2%, recorded the highest growth rate of 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

The average orthopedic artificial joints import price stood at $X per unit in 2022, dropping by -40.7% against the previous year. In general, the import price, however, recorded a notable expansion. The pace of growth appeared the most rapid in 2021 an increase of 84%. As a result, import price attained the peak level of $X per unit, and then fell rapidly in the following year.

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

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+117.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for artificial joints for orthopedic purposes in the world?

The countries with the highest volumes of orthopedic artificial joints consumption in 2020 were the U.S., China and Japan, together comprising 57% of global consumption. Brazil, Switzerland, Belgium, Germany, Ethiopia, Italy, France, the UK and South Korea lagged somewhat behind, together accounting for a further 24%.

What are the largest producers of artificial joints for orthopedic purposes in the world?

The U.S. remains the largest orthopedic artificial joints producing country worldwide, comprising approx. 47% of total volume. Moreover, orthopedic artificial joints production in the U.S. exceeded the figures recorded by the second-largest producer, China, threefold. Ireland ranked third in terms of total production with a 5.2% share.

What are the leading suppliers of artificial joints for orthopedic purposes to Vietnam?

In value terms, the U.S., Ireland and Germany appeared to be the largest orthopedic artificial joints suppliers to Vietnam, together comprising 75% of total imports. Switzerland, Italy, France and Spain lagged somewhat behind, together comprising a further 19%.

What are the leading importers of artificial joints for orthopedic purposes from Vietnam?

In value terms, Germany remains the key foreign market for orthopedic artificial joints exports from Vietnam, comprising 59% of total exports. The second position in the ranking was occupied by Belgium, with a 14% share of total exports. It was followed by Bangladesh, with a 14% share.

What is the average export price for artificial joints for orthopedic purposes in Vietnam?

In 2020, the average orthopedic artificial joints export price amounted to $1,110 per kg, remaining stable against the previous year.

What is the average import price for artificial joints for orthopedic purposes in Vietnam?

The average orthopedic artificial joints import price stood at $1,006,441 per ton in 2020, increasing by 2.3% against the previous year.

This report provides an in-depth analysis of the orthopedic artificial joints market in Vietnam. 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 32502235 - Artificial joints

Country coverage:

Vietnam

Data coverage:

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