U.S. - Artificial Joints For Orthopedic Purposes - Market Analysis, Forecast, Size, Trends and Insights
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View PricingOrthopedic Artificial Joints Prices in the United States
U.S. Orthopedic Artificial Joints Import Price in July 2022
The average orthopedic artificial joints price stood at $375 per unit in July 2022, waning by -9% against the previous month. Overall, the import price saw a mild contraction. The most prominent rate of growth was recorded in March 2022 when the average import price increased by 11% against the previous month. Over the period under review, average import prices reached the maximum at $428 per unit in April 2022; however, from May 2022 to July 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2022, the country with the highest price was Ireland ($480 per unit), while the price for India ($85 per unit) was amongst the lowest.
From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by India (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
U.S. Orthopedic Artificial Joints Imports
In August 2022, purchases abroad of artificial joints for orthopedic purposes was finally on the rise to reach 642K units after two months of decline. The total import volume increased at an average monthly rate of +7.6% over the period from January 2022 to August 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in February 2022 when imports increased by 22% month-to-month. Over the period under review, imports reached the peak figure in August 2022.
In value terms, orthopedic artificial joints imports skyrocketed to $265M (IndexBox estimates) in August 2022. In general, total imports indicated a buoyant expansion from January 2022 to August 2022: its value increased at an average monthly rate of +8.1% over the last seven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2022 figures, imports increased by +24.1% against July 2022 indices. The most prominent rate of growth was recorded in March 2022 when imports increased by 29% m-o-m. Over the period under review, imports reached the maximum in August 2022.
U.S. Orthopedic Artificial Joints Imports by Country
In July 2022, Ireland (203K units) constituted the largest orthopedic artificial joints supplier to the United States, accounting for a 36% share of total imports. Moreover, orthopedic artificial joints imports from Ireland exceeded the figures recorded by the second-largest supplier, Switzerland (85K units), twofold. Germany (72K units) ranked third in terms of total imports with a 13% share.
From January 2022 to July 2022, the average monthly growth rate of volume from Ireland totaled +4.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: Switzerland (+10.1% per month) and Germany (+11.3% per month).
In value terms, Ireland ($97M) constituted the largest supplier of orthopedic artificial joints to the United States, comprising 46% of total imports. The second position in the ranking was held by Germany ($33M), with a 16% share of total imports. It was followed by France, with a 13% share.
From January 2022 to July 2022, the average monthly rate of growth in terms of value from Ireland totaled +4.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: Germany (+8.0% per month) and France (+9.4% per month).
This report provides an in-depth analysis of the orthopedic artificial joints 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 32502235 - Artificial joints
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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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Orthopedic Prosthetics imports peaked at 392M units in 2018, but remained at a lower figure from 2019 to 2023. In value terms, imports reached $4.8B in 2023.
313
The import of Orthopedic Prosthetics peaked at 398M units in 2018 but saw a slight decline from 2019 to 2023. In terms of value, orthopedic prosthetics imports surged to $4.8B in 2023.
440
In August 2022, the orthopedic prosthetics price per ton amounted to $283.2K (CIF, US), reducing by -4.5% against the previous month.
124
Artificial Teeth imports reached record levels in 2023 and are projected to continue growing in the future, with a total value of $300M.
403
In April 2023, the artificial teeth price stood at $33.6 per unit (CIF, US), waning by -4.2% against the previous month.
239
Imports of Hearing Aid reached their peak and are expected to keep growing in the near future, with a value of $2.5B in 2023.
386
In May 2023, the price of the Hearing Aid reached $206 per unit (CIF, US), showing a 4.5% increase compared to the previous month.
837
In June 2022, the average hearing aid import price amounted to $205 per unit, jumping by 27% against the previous month
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From May 2023 to December 2023, the growth of imports for Pacemakers failed to regain momentum. In value terms, Pacemaker imports increased to $177M in December 2023.
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