Canada: Orthopaedic Appliances Market 2024

Orthopaedic Appliances Market Size in Canada

In 2022, the Canadian orthopaedic appliances market increased by 55% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +8.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +72.9% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Orthopaedic Appliances Exports

Exports from Canada

In 2022, approx. X tons of orthopaedic appliances and splints were exported from Canada; which is down by -12.3% against 2021. Overall, exports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2015 with an increase of 21%. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, orthopaedic appliances exports dropped to $X in 2022. Over the period under review, total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +1.4% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of 27%. Over the period under review, the exports attained the peak figure at $X in 2021, and then shrank in the following year.

Exports by Country

The United States (X tons) was the main destination for orthopaedic appliances exports from Canada, with a 84% share of total exports. Moreover, orthopaedic appliances exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at -1.5%.

In value terms, the United States ($X) remains the key foreign market for orthopaedic appliances and splints exports from Canada, comprising 83% of total exports. The second position in the ranking was taken by Germany ($X), with a 3.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +2.3%.

Export Prices by Country

The average orthopaedic appliances export price stood at $X per ton in 2022, rising by 4.7% against the previous year. Over the last decade, it increased at an average annual rate of +4.0%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 19% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Germany stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.9%).

Orthopaedic Appliances Imports

Imports into Canada

In 2022, overseas purchases of orthopaedic appliances and splints increased by 53% to X tons, rising for the second year in a row after three years of decline. In general, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, orthopaedic appliances imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Mexico (X tons) and China (X tons) were the main suppliers of orthopaedic appliances imports to Canada, together comprising 82% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +19.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Mexico ($X) and China ($X) constituted the largest orthopaedic appliances suppliers to Canada, with a combined 82% share of total imports.

In terms of the main suppliers, Mexico, with a CAGR of +19.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average orthopaedic appliances import price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 15%. The import price peaked at $X per ton in 2021, and then contracted slightly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Mexico ($X per ton) and the United States ($X per ton), while the price for Japan ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+0.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :