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U.S. - Instruments Used In Medical Sciences - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

U.S. - Instruments Used In Medical Sciences - Market Analysis, Forecast, Size, Trends And Insights

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Jun 20, 2023

U.S. Medical Instruments Import Falls Modestly to $1.5B in April 2023

U.S. Medical Instruments Imports

In April 2023, after two months of growth, there was significant decline in purchases abroad of instruments used in medical sciences, when their volume decreased by -11.3% to 9.4K tons. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in August 2022 when imports increased by 15% month-to-month. As a result, imports reached the peak of 11K tons. From September 2022 to April 2023, the growth of imports remained at a lower figure.

In value terms, medical instruments imports fell to $1.5B (IndexBox estimates) in April 2023. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when imports increased by 18% m-o-m. As a result, imports reached the peak of $1.7B, and then reduced in the following month.

COUNTRYImport Value of Medical Instruments in U.S. (million USD)
Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023
Mexico442453471403534471520465376457514628565
Germany142146126140123147167157161122134156154
Costa Rica119131135110139136154131140130159171129
Ireland87.185.891.772.782.591.997.212612070.971.410085.0
China94.491.492.593.897.797.993.696.093.479.077.978.979.2
Dominican Republic79.580.378.977.379.771.980.476.374.353.178.081.271.8
Japan29.628.430.927.225.224.829.525.726.427.321.034.034.6
Taiwan (Chinese)19.420.017.319.720.019.019.722.324.016.217.119.616.7
Pakistan9.78.510.28.19.410.28.811.99.311.57.99.59.4
India15.37.56.26.97.36.48.17.66.26.19.16.96.9
Others340359340342340357319346367333322374323
Total1,3781,4111,4001,3011,4571,4341,4971,4641,3971,3051,4111,6591,475

Imports by Country

In April 2023, Mexico (4.7K tons) constituted the largest medical instruments supplier to the United States, with a 50% share of total imports. Moreover, medical instruments imports from Mexico exceeded the figures recorded by the second-largest supplier, the Dominican Republic (1.2K tons), fourfold. The third position in this ranking was held by Costa Rica (795 tons), with an 8.5% share.

From April 2022 to April 2023, the average monthly rate of growth in terms of volume from Mexico was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: the Dominican Republic (+0.2% per month) and Costa Rica (-1.7% per month).

In value terms, Mexico ($565M) constituted the largest supplier of medical instruments to the United States, comprising 38% of total imports. The second position in the ranking was held by Germany ($154M), with a 10% share of total imports. It was followed by Costa Rica, with an 8.8% share.

From April 2022 to April 2023, the average monthly rate of growth in terms of value from Mexico amounted to +2.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: Germany (+0.7% per month) and Costa Rica (+0.7% per month).

Import Prices by Country

In April 2023, the medical instruments price amounted to $157K per ton (CIF, US), approximately mirroring the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 8.6% against the previous month. Over the period under review, average import prices hit record highs at $161K per ton in January 2023; however, from February 2023 to April 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In April 2023, the country with the highest price was Germany ($707K per ton), while the price for India ($42,069 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by Japan (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the medical instruments market in the U.S.. 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 32501333 - Instruments and apparatus for measuring blood-pressure (including sphygmomanometers, tensiometers, oscillometers)
  • Prodcom 32501335 - Endoscopes for medical purposes
  • Prodcom 32501353 - Renal dialysis equipment
  • Prodcom 32501355 - Diathermic apparatus (including ultrasonic)
  • Prodcom 32501363 - Transfusion apparatus (excluding special blood storage glass bottles)
  • Prodcom 32501365 - Anaesthetic apparatus and instruments
  • Prodcom 32501370 - Instruments and appliances used in medical, surgical or veterinary sciences, n.e.s.

Country coverage:

  • United States

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the U.S.
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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