Orthopedic Prosthetics Market Overview in Bulgaria
In value terms, orthopedic prosthetics production expanded sharply to $ in 2019 estimated in export prices. Over the period under review, production, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of % y-o-y. Over the period under review, production hit record highs at $ in 2007; however, from 2008 to 2019, production failed to regain the momentum.
The size of the orthopedic prosthetics market in Bulgaria shrank to $ in 2019, declining by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of % year-to-year. Orthopedic prosthetics consumption peaked at $ in 2017; however, from 2018 to 2019, consumption remained at a lower figure.