Vietnam - Artificial Parts Of The Body (Excl. Artificial Teeth And Dental Fittings And Artificial Joints) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingOrthopedic Prosthetics Price in Vietnam - 2021
Contents:
- Orthopedic Prosthetics Price in Vietnam (CIF) - 2022
- Orthopedic Prosthetics Price in Vietnam (FOB) - 2022
- Orthopedic Prosthetics Imports in Vietnam
- Orthopedic Prosthetics Exports in Vietnam
Orthopedic Prosthetics Price in Vietnam (CIF) - 2022
In 2022, the average orthopedic prosthetics import price amounted to $10 per unit, approximately mirroring the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 35%. As a result, import price reached the peak level of $11 per unit. From 2021 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($14 per unit), while the price for Belgium ($5.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Orthopedic Prosthetics Price in Vietnam (FOB) - 2022
In 2022, the average orthopedic prosthetics export price amounted to $8.3 per unit, reducing by -2.6% against the previous year. Over the period under review, the export price, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 46% against the previous year. The export price peaked at $8.7 per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($18 per unit), while the average price for exports to Taiwan (Chinese) ($0.4 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 Switzerland (+17.1%), while the prices for the other major destinations experienced more modest paces of growth.
Orthopedic Prosthetics Imports in Vietnam
Orthopedic prosthetics imports into Vietnam expanded to 5.1M units in 2022, surging by 1.8% against the previous year's figure. Overall, imports, however, showed a dramatic descent. The pace of growth appeared the most rapid in 2021 when imports increased by 5.4% against the previous year. Over the period under review, imports hit record highs at 10M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, orthopedic prosthetics imports expanded modestly to $52M in 2022. Over the period under review, imports, however, showed a abrupt downturn. Imports peaked at $84M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Import of Orthopedic Prosthetics in Vietnam (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 9.2 | 4.7 | 6.3 | 17.5 | 23.9% |
Belgium | 5.5 | 8.2 | 7.2 | 8.6 | 16.1% |
Singapore | 10.3 | 5.0 | 5.8 | 5.1 | -20.9% |
Ireland | 8.7 | 6.0 | 3.9 | 3.6 | -25.5% |
United States | 11.9 | 7.1 | 5.4 | 2.1 | -43.9% |
Hungary | 0.4 | 0.9 | 1.2 | 1.4 | 51.8% |
Costa Rica | 2.7 | 2.0 | 2.2 | 1.4 | -19.7% |
United Kingdom | 2.6 | 0.9 | 0.9 | 1.4 | -18.6% |
Thailand | 1.8 | 1.4 | 2.0 | 1.3 | -10.3% |
Hong Kong SAR | 3.1 | 3.0 | 1.8 | 1.2 | -27.1% |
Netherlands | 1.0 | 0.4 | 1.3 | 0.9 | -3.5% |
France | 3.8 | 2.8 | 2.2 | 0.9 | -38.1% |
Switzerland | 12.1 | 2.8 | 2.5 | 0.6 | -63.3% |
Others | 11.3 | 7.6 | 7.5 | 5.5 | -21.3% |
Total | 84.3 | 53.0 | 50.3 | 51.7 | -15.0% |
Top Suppliers of Orthopedic Prosthetics to Vietnam in 2022:
- Belgium (1550.6K units)
- Germany (1326.8K units)
- Singapore (367.6K units)
- Ireland (254.9K units)
- United Kingdom (194.6K units)
- United States (164.6K units)
- France (129.7K units)
- Netherlands (127.2K units)
- Thailand (119.8K units)
- Hong Kong SAR (111.9K units)
- Hungary (109.1K units)
- Costa Rica (108.4K units)
- Switzerland (47.5K units)
Orthopedic Prosthetics Exports in Vietnam
In 2022, overseas shipments of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) decreased by -25.8% to 81K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 54%. As a result, the exports reached the peak of 110K units, and then reduced sharply in the following year.
In value terms, orthopedic prosthetics exports reduced notably to $672K in 2022. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 125%. As a result, the exports attained the peak of $931K, and then plummeted in the following year.
Export of Orthopedic Prosthetics in Vietnam (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 6.1 | 223 | 605 | 394 | 301.2% |
Hong Kong SAR | 15.0 | 14.7 | 79.6 | 58.3 | 57.2% |
Australia | 78.4 | 38.7 | 80.4 | 46.3 | -16.1% |
Germany | 0.8 | 13.1 | 17.6 | 29.8 | 234.0% |
Singapore | 1.7 | 15.9 | 26.2 | 22.9 | 137.9% |
Bangladesh | 15.1 | 11.5 | 17.4 | 13.9 | -2.7% |
Lao People's Democratic Republic | 16.0 | 20.3 | 8.0 | 12.4 | -8.1% |
Hungary | N/A | N/A | N/A | 11.2 | 0% |
Ecuador | 2.1 | 0.9 | 11.8 | 8.7 | 60.6% |
Taiwan (Chinese) | 12.3 | 6.0 | 7.2 | 6.6 | -18.7% |
Myanmar | 2.3 | 0.6 | 2.2 | 2.6 | 4.2% |
Sri Lanka | 1.1 | 0.6 | 1.4 | 1.3 | 5.7% |
Others | 107 | 68.4 | 73.7 | 63.9 | -15.8% |
Total | 258 | 413 | 931 | 672 | 37.6% |
Top Export Markets for Orthopedic Prosthetics from Vietnam in 2022:
- United States (27.5K units)
- Taiwan (Chinese) (15.4K units)
- Lao People's Democratic Republic (5.7K units)
- Bangladesh (4.7K units)
- Myanmar (3.9K units)
- Hong Kong SAR (3.6K units)
- Australia (3.5K units)
- Germany (2.5K units)
- Sri Lanka (2.2K units)
- Hungary (1.8K units)
- Ecuador (1.7K units)
- Singapore (1.4K units)
This report provides an in-depth analysis of the orthopedic prosthetics 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 32502290 - Artificial parts of the body (excluding artificial teeth and dental fittings, artificial joints, orthopaedic and fracture appliances, h eart pacemakers)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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