U.S. Surgical Appliance And Supplies Market. Analysis And Forecast to 2030
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View PricingMay 2023 Sees Remarkable Surge in U.S. Import of Surgical Appliances Reaching $1.7B
U.S. Surgical Appliance Imports
In May 2023, after two months of growth, there was decline in supplies from abroad of surgical appliance and supplies, when their volume decreased by -1.8% to 39K tons. In general, imports recorded a abrupt slump. The growth pace was the most rapid in March 2023 when imports increased by 8.9% month-to-month.
In value terms, surgical appliance imports rose markedly to $1.7B (IndexBox estimates) in May 2023. Over the period under review, imports continue to indicate a mild descent. The most prominent rate of growth was recorded in March 2023 with an increase of 20% against the previous month.
COUNTRY | Import Value of Surgical Appliance in U.S. (million USD) | ||||||||||||
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May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | |
China | 347 | 343 | 278 | 320 | 276 | 277 | 260 | 269 | 285 | 219 | 233 | 261 | 241 |
Mexico | 199 | 189 | 169 | 183 | 180 | 178 | 172 | 177 | 177 | 174 | 212 | 174 | 221 |
Singapore | 111 | 148 | 68.8 | 142 | 125 | 128 | 121 | 93.6 | 155 | 103 | 145 | 113 | 123 |
Germany | 74.4 | 81.6 | 71.2 | 65.3 | 67.8 | 67.5 | 74.6 | 83.9 | 74.6 | 73.5 | 87.0 | 78.9 | 74.5 |
Canada | 25.3 | 26.4 | 25.1 | 24.1 | 33.0 | 26.7 | 29.1 | 28.7 | 21.4 | 24.1 | 27.6 | 28.1 | 30.2 |
Malaysia | 185 | 173 | 36.6 | 45.5 | 36.2 | 42.7 | 36.9 | 39.8 | 36.0 | 30.4 | 33.2 | 29.0 | 27.8 |
Thailand | 98.6 | 70.8 | 32.6 | 32.0 | 32.7 | 32.4 | 20.4 | 21.1 | 20.6 | 17.9 | 20.5 | 24.9 | 17.5 |
Taiwan (Chinese) | 21.0 | 23.9 | 16.8 | 23.2 | 18.9 | 18.4 | 19.1 | 18.4 | 19.6 | 12.9 | 20.2 | 13.8 | 16.4 |
Dominican Republic | 9.8 | 11.4 | 10.6 | 10.7 | 10.5 | 11.6 | 11.8 | 10.6 | 8.4 | 11.1 | 12.0 | 10.7 | 12.7 |
Vietnam | 20.9 | 25.1 | 12.8 | 12.8 | 13.1 | 15.4 | 14.3 | 10.3 | 10.4 | 12.0 | 20.1 | 15.0 | 11.0 |
Indonesia | 21.0 | 19.8 | 3.4 | 3.0 | 3.9 | 4.2 | 4.1 | 2.7 | 2.0 | 2.2 | 2.2 | 1.4 | 1.7 |
Others | 943 | 896 | 816 | 859 | 841 | 821 | 860 | 867 | 787 | 823 | 987 | 822 | 908 |
Total | 2,056 | 2,008 | 1,540 | 1,721 | 1,637 | 1,623 | 1,623 | 1,622 | 1,597 | 1,503 | 1,799 | 1,571 | 1,684 |
Imports by Country
In May 2023, China (15K tons) constituted the largest supplier of surgical appliance to the United States, accounting for a 40% share of total imports. Moreover, surgical appliance imports from China exceeded the figures recorded by the second-largest supplier, Mexico (6.3K tons), twofold. The third position in this ranking was taken by Malaysia (4.3K tons), with an 11% share.
From May 2022 to May 2023, the average monthly growth rate of volume from China totaled -6.4%. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (-1.8% per month) and Malaysia (-15.6% per month).
In value terms, China ($241M), Mexico ($221M) and Singapore ($123M) were the largest surgical appliance suppliers to the United States, with a combined 35% share of total imports. Germany, Canada, Malaysia, Thailand, Taiwan (Chinese), the Dominican Republic, Vietnam and Indonesia lagged somewhat behind, together comprising a further 11%.
The Dominican Republic, with a CAGR of +2.2%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In May 2023, the surgical appliance price amounted to $43,539 per ton (CIF, US), with an increase of 9.1% against the previous month. Overall, import price indicated a resilient increase from May 2022 to May 2023: its price increased at an average monthly rate of +6.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, surgical appliance import price decreased by -7.0% against March 2023 indices. The growth pace was the most rapid in July 2022 an increase of 69% m-o-m. Over the period under review, average import prices reached the peak figure at $46,816 per ton in March 2023; however, from April 2023 to May 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Singapore ($199K per ton), while the price for Thailand ($4,786 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the surgical appliance 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:
- NAICS 339113 - Surgical appliance and supplies manufacturing
Companies mentioned:
- Biomet
- Steris Corporation
- Edwards Lifesciences Corp
- Kinetic Concepts
- Djo Global
- Mine Safety Appliances Company
- Invacare Corporation
- Howmedica Osteonics Corp.
- Teleflex Medical Incorporated
- Smith & Nephew
- Jacuzzi Brands Corp.
- Safariland
- Depuy Orthopaedics
- Centrex Precision Plastics
- Djo
- Covidien
- Ethicon Inc.
- Medical Action Industries Inc.
- Wright Medical Group
- V.S.M. Investors
- Synthes (u.s.a.)
- Ansell Protective Products Inc.
- Biolectron Inc
- Djo Holdings
- Depuy Products
- Invacare Corporation (tw)
- Grand Slam Holdings
- Lvb Acquisition
- Djo Finance
- MSA Safety Incorporated
- Halyard Health
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:
- 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