Estonia: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in Estonia

In 2022, the Estonian orthopedic prosthetics market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, recorded a deep contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Orthopedic Prosthetics Production in Estonia

In value terms, orthopedic prosthetics production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Orthopedic Prosthetics Exports

Exports from Estonia

In 2022, shipments abroad of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) decreased by X% to X units, falling for the third year in a row after three years of growth. In general, exports continue to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, orthopedic prosthetics exports reduced sharply to $X in 2022. Over the period under review, exports continue to indicate a significant decrease. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Latvia (X units), Lithuania (X units) and the UK (X units) were the main destinations of orthopedic prosthetics exports from Estonia.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for orthopedic prosthetics exported from Estonia were Latvia ($X), Lithuania ($X) and the UK ($X).

Among the main countries of destination, the UK, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average orthopedic prosthetics export price amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per unit), while the average price for exports to the UK ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Orthopedic Prosthetics Imports

Imports into Estonia

After five years of decline, overseas purchases of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) increased by X% to X units in 2022. Over the period under review, imports, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, orthopedic prosthetics imports expanded rapidly to $X in 2022. Overall, imports, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the UK (X units) constituted the largest orthopedic prosthetics supplier to Estonia, with a X% share of total imports. Moreover, orthopedic prosthetics imports from the UK exceeded the figures recorded by the second-largest supplier, Lithuania (X units), threefold. Germany (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the UK totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (X% per year) and Germany (X% per year).

In value terms, the UK ($X), Belgium ($X) and the Netherlands ($X) appeared to be the largest orthopedic prosthetics suppliers to Estonia, together accounting for X% of total imports.

In terms of the main suppliers, Belgium, with a CAGR of X%, recorded the highest growth rate of 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

The average orthopedic prosthetics import price stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the import price, however, posted a prominent increase. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X per unit in 2021, and then shrank modestly 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 Belgium ($X per unit), while the price for Lithuania ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :