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Report World - Artificial Joints for Orthopedic Purposes - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

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

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Global Orthopedic Artificial Joints Market 2024

Orthopedic Artificial Joints Market Size

In 2022, the global orthopedic artificial joints market decreased by -44% to $X for the first time since 2017, thus ending a four-year rising trend. In general, consumption, however, showed a significant increase. Over the period under review, the global market reached the maximum level at $X in 2021, and then fell sharply in the following year.

Orthopedic Artificial Joints Production

In value terms, orthopedic artificial joints production soared to $X in 2022 estimated in export price. In general, production, however, saw prominent growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 108%. As a result, production attained the peak level of $X. From 2021 to 2022, global production growth remained at a somewhat lower figure.

Orthopedic Artificial Joints Exports

Exports by Country

Singapore (X units), the United States (X units), Switzerland (X units) and Argentina (X units) represented roughly 84% of total exports in 2022. China (X units), Australia (X units) and Turkey (X units) followed a long way behind the leaders.

From 2020 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Australia (with a CAGR of +71.6%), while the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), Switzerland ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 26% of global exports. Singapore, Australia, Turkey and Argentina lagged somewhat behind, together accounting for a further 1.3%.

Among the main exporting countries, Argentina, with a CAGR of +125.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average orthopedic artificial joints export price amounted to $X per unit, jumping by 148% against the previous year. Overall, the export price recorded a temperate increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per unit), while Argentina ($X per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+442.4%), while the other global leaders experienced more modest paces of growth.

Orthopedic Artificial Joints Imports

Imports

In 2022, purchases abroad of artificial joints for orthopedic purposes decreased by -69% to X units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 53,130%. Global imports peaked at X units in 2021, and then fell sharply in the following year.

In value terms, orthopedic artificial joints imports expanded remarkably to $X in 2022. Overall, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +26.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 15%. Over the period under review, global imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Aruba dominates imports structure, accounting for X units, which was approx. 90% of total imports in 2022. The following importers - Yemen (X units) and Curacao (X units) - together made up 5.8% of total imports.

From 2012 to 2022, average annual rates of growth with regard to orthopedic artificial joints imports into Aruba stood at -70.2%. At the same time, Yemen (+1,021.4%) and Curacao (+71.9%) displayed positive paces of growth. Moreover, Yemen emerged as the fastest-growing importer imported in the world, with a CAGR of +1,021.4% from 2012-2022. From 2012 to 2022, the share of Aruba and Yemen increased by +89 and +2.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Curacao ($X) constitutes the largest market for imported artificial joints for orthopedic purposes worldwide, comprising less than 0.1% of global imports. The second position in the ranking was taken by Yemen ($X), with less than 0.1% share of global imports.

In Curacao, orthopedic artificial joints imports expanded at an average annual rate of +68.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Yemen (+18.6% per year) and Aruba (+39.7% per year).

Import Prices by Country

In 2022, the average orthopedic artificial joints import price amounted to $X per unit, growing by 254% against the previous year. Over the period under review, the import price, however, saw a significant contraction. The growth pace was the most rapid in 2018 when the average import price increased by 276% against the previous year. Global 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 importing countries. In 2022, amid the top importers, the country with the highest price was Curacao ($X per unit), while Aruba (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Aruba (+220.0%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of orthopedic artificial joints consumption in 2020 were the U.S., China and Japan, with a combined 57% share of global consumption. Brazil, Switzerland, Belgium, Germany, Ethiopia, Italy, France, the UK and South Korea lagged somewhat behind, together accounting for a further 24%.
The country with the largest volume of orthopedic artificial joints production was the U.S., accounting for 47% of total volume. Moreover, orthopedic artificial joints production in the U.S. exceeded the figures recorded by the second-largest producer, China, threefold. The third position in this ranking was occupied by Ireland, with a 5.2% share.
In value terms, the largest orthopedic artificial joints supplying countries worldwide were the Netherlands, the U.S. and Ireland, with a combined 51% share of global exports.
In value terms, the U.S. constitutes the largest market for imported artificial joints for orthopedic purposes worldwide, comprising 25% of global imports. The second position in the ranking was occupied by the Netherlands, with a 12% share of global imports. It was followed by France, with a 7.1% share.
The average orthopedic artificial joints export price stood at $530,371 per ton in 2020, declining by -4.3% against the previous year.
The average orthopedic artificial joints import price stood at $648,185 per ton in 2020, waning by -9.4% against the previous year.

This report provides an in-depth analysis of the global orthopedic artificial joints market. 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:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 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. 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. 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. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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