Cyprus: Orthopedic Prosthetics Market 2020

Orthopedic Prosthetics Market Size in Cyprus

The revenue of the orthopedic prosthetics market in Cyprus amounted to $X in 2018, jumping by X% against the previous year. Overall, orthopedic prosthetics consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. In that year, the orthopedic prosthetics market attained its peak level of $X. From 2015 to 2018, the growth of the orthopedic prosthetics market remained at a somewhat lower figure.

Orthopedic Prosthetics Production in Cyprus

In value terms, orthopedic prosthetics production stood at $X in 2018 estimated in export prices. In general, orthopedic prosthetics production continues to indicate a drastic decrease. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Cyprus orthopedic prosthetics production peaked at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Orthopedic Prosthetics Exports

Exports from Cyprus

In 2018, approx. X tons of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) were exported from Cyprus; surging by X% against the previous year. Overall, orthopedic prosthetics exports, however, continue to indicate a deep drop. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, orthopedic prosthetics exports reached their peak figure at X tons in 2008; however, from 2009 to 2018, exports failed to regain their momentum.

In value terms, orthopedic prosthetics exports amounted to $X in 2018. In general, orthopedic prosthetics exports, however, continue to indicate a drastic curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. Cyprus exports peaked at $X in 2008; however, from 2009 to 2018, exports failed to regain their momentum.

Exports by Country

Ireland (X tons), the U.S. (X tons), the Netherlands (X tons), Belgium (X tons), Germany (X tons), Costa Rica (X tons), France (X tons), Singapore (X tons), Austria (X tons) and the UK (X tons) represented roughly X% of total exports of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) in 2018.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Singapore, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Ireland ($X) and the Netherlands ($X) were the countries with the highest levels of exports in 2018, together accounting for X% of total exports. These countries were followed by Belgium, Singapore, Germany, Costa Rica, France, the UK, Austria and Cyprus, which together accounted for a further X experienced the highest rates of growth with regard to exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the orthopedic prosthetics export price in Cyprus amounted to $X per ton, shrinking by -X% against the previous year. In general, the orthopedic prosthetics export price continues to indicate an abrupt slump. The pace of growth was the most pronounced in 2012 an increase of X% against the previous year. Over the period under review, the export prices for artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) attained their peak figure at $X per ton in 2008; however, from 2009 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per ton), while Austria ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

Orthopedic Prosthetics Imports

Imports into Cyprus

In 2018, approx. X tons of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) were imported into Cyprus; dropping by -X% against the previous year. Over the period under review, orthopedic prosthetics imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. In that year, orthopedic prosthetics imports attained their peak of X tons. From 2015 to 2018, the growth of orthopedic prosthetics imports remained at a lower figure.

In value terms, orthopedic prosthetics imports amounted to $X in 2018. Over the period under review, orthopedic prosthetics imports, however, continue to indicate a temperate reduction. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Cyprus imports peaked at $X in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the U.S. (X tons), followed by the Netherlands (X tons), Germany (X tons), Belgium (X tons), France (X tons) and Spain (X tons) were the largest importers of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints), together constituting X% of total imports. Japan (X tons), China (X tons), Ireland (X tons), Italy (X tons), the UK (X tons) and Turkey (X tons) took a relatively small share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Turkey, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Germany (+X% per year).

Import Prices by Country

In 2018, the orthopedic prosthetics import price in Cyprus amounted to $X per ton, rising by X% against the previous year. In general, the orthopedic prosthetics import price, however, continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 when the import price increased by X% y-o-y. Cyprus import price peaked at $X per ton in 2008; however, from 2009 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per ton), while Ireland ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform