Artificial joints of the body market in Spain

Earlier Report Observations

The Spanish artificial joints market was valued at 221 million USD in 2018, experiencing a slight dip to 219 million USD the following year. A sharp contraction to 163 million USD occurred in 2020, with the market recovering to 208 million USD by 2021.

By 2023, the market size had adjusted to 193 million USD. During this period, the market environment was shaped by regulatory updates, including the revision of the Common Prosthesis Catalog in 2022 and the approval of Royal Decree 192/2023 governing medical devices. Concurrently, the growing prevalence of musculoskeletal disorders from an aging population and technological advances in areas like 3D printing and artificial intelligence established a foundation for long-term demand and product innovation.

The regulatory focus on technology continued into 2024 with the draft Law on the Good Use and Governance of Artificial Intelligence, highlighting the increasing integration of advanced technologies within the medical device sector.

Production artificial joints of the body in Spain

In value, 2017-2020, K $ US

Spain's production of artificial joints has declined for the third consecutive year. In 2020, output was valued at 21 618 thousand US dollars, representing a 33.0% decrease compared to 2019. Over the period from 2017 to 2020, production fell by 43.6%, with a compound annual growth rate of -17.4%.

Annual dynamics of production in Spain in value, 2017-2020, K $ US

Exports artificial joints of the body from Spain

Exports in kind, t

Spain's export volume of artificial joints has increased for the third consecutive year. In 2020, exports reached 41.1 tonnes, showing a modest year-over-year improvement of 7.8%. Between 2017 and 2020, exports grew by 32.2%, which translates to an annualized rate of 9.7%.

Annual dynamics of product's exports from Spain in kind, 2017-2020, t

From 2017 to 2020, Portugal, the Netherlands, and Switzerland remained the main buyers of artificial joints from Spain in terms of volume. Portugal accounted for 48.4% of exports, the Netherlands for 18.3%, and Switzerland for 3.8%. Together, these three countries represented 70.4% of total export volume.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Spain in kind, 2017-2020

Exports in value, M $ US

In 2020, Spain exported artificial joints worth 27.4 million US dollars, which is 7.8% lower than in 2019. The minimum value was recorded in 2018 at 26.0 million US dollars, while the maximum was in 2019 at 29.7 million US dollars. The largest increase occurred in 2019, with a rise of 13.9%.

Annual dynamics of product's exports from Spain in value, 2017-2020, M $ US

From 2017 to 2020, Portugal, the Netherlands, and Switzerland continued to lead as the top buyers of artificial joints from Spain in value terms. Portugal made up 49.8% of exports, the Netherlands 20.8%, and Switzerland 5.9%. Collectively, they accounted for 76.5% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Spain in value, 2017-2020

Imports artificial joints of the body to Spain

Imports in kind, t

After a two-year uptick, Spain's imports of artificial joints declined. In 2020, imports were recorded at 231.7 tonnes, marking a significant decrease of 16.8% compared to 2019. Between 2017 and 2020, imports increased by 8%, equating to an annualized rate of 2.6%. The maximum volume was in 2019 at 278.6 tonnes, with the largest increase also occurring that year at 15.8%.

Annual dynamics of product's imports to Spain in kind, 2017-2020, t

From 2017 to 2020, Germany, the United States, and France were the principal sources for Spain's imports of artificial joints in terms of volume. Germany accounted for 21.8% of imports, the United States for 21.4%, and France for 17.0%. Together, these three countries represented 60.2% of total import volume.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Spain in kind, 2017-2020

Imports in value, M $ US

After a two-year increase, Spain's imports of artificial joints declined in value. In 2020, imports amounted to 168.4 million US dollars, which is 22.2% lower than the previous year. Between 2017 and 2020, imports decreased by 14.7%, with an annualized rate of -5.2%. The maximum value was recorded in 2019 at 216.5 million US dollars, while the largest increase was in 2018 at 7.2%.

Annual dynamics of product's imports to Spain in value, 2017-2020, M $ US

From 2017 to 2020, the United States, Germany, and Ireland accounted for the largest share of Spain's imports of artificial joints in value terms. The United States made up 38.4% of imports, Germany 17.7%, and Ireland 10.7%. Together, these three countries comprised 66.8% of total import value.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Spain in value, 2017-2020