Market research

Orthopaedic and fracture appliances market in Greece

$Orthopaedic and fracture appliances market in Greece$

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Submission method: to your account

File format: docx, xlsx

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Earlier Report Observations

The market for orthopaedic and fracture appliances in Greece, measured in value, remained stable at around 43.7 million USD in 2018 and 2019. It then contracted by approximately 3.6% to 42.1 million USD in 2020, before rebounding sharply to 47.4 million USD in 2021, marking a 12.6% increase from the previous year.

Domestic production in Greece declined over the 2018-2021 period, falling from 3.7 million USD to 3.3 million USD. This was offset by import volumes, which fluctuated but overall increased from 43.5 million USD to 48.2 million USD. Exports also rose, from 3.5 million USD to 4.1 million USD, but their impact on market size was less pronounced compared to imports.

From 2022 to 2024, import values showed significant volatility, peaking at 55.5 million USD in 2023 before dropping to 49.5 million USD in 2024. Exports continued to grow, reaching 6.0 million USD in 2024, suggesting an expansion in both domestic supply and international trade activity for these medical devices.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In value
    1. 4.1.1.1. Production, 2018-2021
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2021
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Greece
  1. 5.1.1. In value, 2018-2021, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In value, 2018-2024, K $ US
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Greece in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Greece by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Greece in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Greece by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Greece, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Greece by countries, 2018-2024, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Greece in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Greece by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Greece in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Greece by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Greece, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Greece by countries, 2018-2024, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Greece in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Greece by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Greece in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Greece by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Greece, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Greece by countries, 2018-2024, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Greece in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Greece by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Greece in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Greece by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Greece, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Greece by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production orthopaedic and fracture appliances in Greece

In value, 2017-2020, K $ US

Greece's production of orthopaedic and fracture appliances declined for the second consecutive year. In 2020, output was valued at 3 226 thousand US dollars, down 3.1% from 2019. Production peaked in 2018 at 3 729 thousand US dollars, with a 5.9% increase that year. However, it fell sharply by 10.7% in 2019. Overall, between 2017 and 2020, production decreased by 8.4%, averaging an annual decline of 2.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	5.9%	(10.7%)	(3.1%)	(2.9%)

Source: SHEV.io

Exports orthopaedic and fracture appliances from Greece

Exports in kind, t

After two years of growth, Greece's exports of orthopaedic and fracture appliances by volume declined. In 2020, exports totalled 100.0 tonnes, a significant drop of 19.1% from the previous year. The highest volume was recorded in 2019 at 123.7 tonnes, following a 25.4% increase in 2018. Over the 2017-2020 period, exports grew by 20%, with a compound annual growth rate of 6.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	25.4%	18.4%	(19.1%)	6.3%

Source: SHEV.io

From 2017 to 2020, Cyprus, Albania, and Bulgaria were the key destinations for Greece's orthopaedic and fracture appliance exports by volume. Cyprus accounted for 30.4% of exports, Albania for 17.9%, and Bulgaria for 9.6%. Together, these three partners represented 57.8% of total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

Following two years of growth, Greece's exports of orthopaedic and fracture appliances by value declined. In 2020, exports amounted to 3 883 thousand US dollars, down 17.0% from the previous year. The peak value was in 2019 at 4 681 thousand US dollars, after a substantial 35.5% increase in 2018. Over the 2017-2020 period, exports increased by 50.1%, with a compound annual growth rate of 14.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	35.5%	33.6%	(17.0%)	14.5%

Source: SHEV.io

Between 2017 and 2020, Cyprus, Italy, and Germany were the largest buyers of orthopaedic and fracture appliances from Greece by value. Cyprus accounted for 22.0% of exports, Italy for 15.9%, and Germany for 8.2%. Collectively, these three countries made up 46.1% of total export value, with numerous smaller partners also contributing.

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

Source: SHEV.io

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

Source: SHEV.io

Imports orthopaedic and fracture appliances to Greece

Imports in kind, t

Greece's imports of orthopaedic and fracture appliances by volume declined for the second consecutive year. In 2020, imports totalled 320.0 tonnes, a moderate decrease of 9.6% year-over-year. The highest volume was in 2018 at 379.0 tonnes, which saw a 12.6% increase that year. Overall, between 2017 and 2020, imports fell by 5%, averaging an annual decline of 1.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	12.6%	(6.6%)	(9.6%)	(1.7%)

Source: SHEV.io

From 2017 to 2020, China, Germany, and France were the primary sources for Greece's imports of orthopaedic and fracture appliances by volume. Together, these three markets accounted for 58.5% of total import flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

After two years of growth, Greece's imports of orthopaedic and fracture appliances by value declined. In 2020, imports amounted to 42 754 thousand US dollars, a slight drop of 5.1% from the previous year. The peak value was in 2019 at 45 039 thousand US dollars, following a significant 31.8% increase in 2018. Over the 2017-2020 period, imports grew by 29.6%, averaging an annual increase of 9.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	31.8%	3.6%	(5.1%)	9.0%

Source: SHEV.io

Between 2017 and 2020, the Netherlands, Germany, and Cyprus were the top suppliers of orthopaedic and fracture appliances to Greece by value. The Netherlands accounted for 19.3% of imports, Germany for 17.9%, and Cyprus for 13.7%. Their combined share reached 51.0% of total import value.

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

Source: SHEV.io

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

Source: SHEV.io