Report Update Nov 1, 2024

Dominican Republic - Orthopaedic Appliances and Splints - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Orthopaedic Appliances Market 2024

Orthopaedic Appliances Market Size in the Dominican Republic

After two years of decline, the Dominican orthopaedic appliances market increased by 19% to $X in 2022. In general, consumption saw a buoyant expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Orthopaedic Appliances Production in the Dominican Republic

In value terms, orthopaedic appliances production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a buoyant increase. The growth pace was the most rapid in 2015 when the production volume increased by 45% against the previous year. Orthopaedic appliances production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Orthopaedic Appliances Exports

Exports from the Dominican Republic

In 2022, overseas shipments of orthopaedic appliances and splints increased by 31% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports enjoyed a prominent increase. The growth pace was the most rapid in 2016 when exports increased by 91%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, orthopaedic appliances exports skyrocketed to $X in 2022. In general, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 52%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

The United States (X tons) was the main destination for orthopaedic appliances exports from the Dominican Republic, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +10.2%.

In value terms, the United States ($X) also remains the key foreign market for orthopaedic appliances and splints exports from the Dominican Republic.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +11.1%.

Export Prices by Country

In 2022, the average orthopaedic appliances export price amounted to $X per ton, declining by -11.1% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 74%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +0.8% per year.

Orthopaedic Appliances Imports

Imports into the Dominican Republic

In 2022, supplies from abroad of orthopaedic appliances and splints was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports posted a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, orthopaedic appliances imports soared to $X in 2022. Overall, imports recorded a mild increase. The most prominent rate of growth was recorded in 2014 with an increase of 83%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of orthopaedic appliances to the Dominican Republic, accounting for a 88% share of total imports. Moreover, orthopaedic appliances imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. Spain (X tons) ranked third in terms of total imports with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +20.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+41.0% per year) and Spain (+29.3% per year).

In value terms, the United States ($X) constituted the largest supplier of orthopaedic appliances and splints to the Dominican Republic, comprising 58% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by India, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+33.8% per year) and India (-7.0% per year).

Import Prices by Country

In 2022, the average orthopaedic appliances import price amounted to $X per ton, declining by -39.5% against the previous year. In general, the import price saw a abrupt downturn. The pace of growth was the most pronounced in 2021 an increase of 35% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-5.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for orthopaedic appliances and splints in the world?

The United States remains the largest orthopaedic appliances consuming country worldwide, accounting for 49% of total volume. Moreover, orthopaedic appliances consumption in the United States exceeded the figures recorded by the second-largest consumer, China, fivefold. The third position in this ranking was occupied by India, with a 5.4% share.

What are the largest producers of orthopaedic appliances and splints in the world?

China constituted the country with the largest volume of orthopaedic appliances production, comprising approx. 38% of total volume. Moreover, orthopaedic appliances production in China exceeded the figures recorded by the second-largest producer, India, fourfold. The United States ranked third in terms of total production with a 5.5% share.

What are the leading suppliers of orthopaedic appliances and splints to the Dominican Republic?

In value terms, the United States constituted the largest supplier of orthopaedic appliances to the Dominican Republic, comprising 53% of total imports. The second position in the ranking was occupied by China, with a 19% share of total imports. It was followed by India, with an 8.1% share.

What are the leading importers of orthopaedic appliances and splints from the Dominican Republic?

In value terms, the United States remains the key foreign market for orthopaedic appliances exports from the Dominican Republic.

What is the average export price for orthopaedic appliances and splints in the Dominican Republic?

In 2021, the average orthopaedic appliances export price amounted to $18,659 per ton, with a decrease of -3.2% against the previous year.

What is the average import price for orthopaedic appliances and splints in the Dominican Republic?

In 2021, the average orthopaedic appliances import price amounted to $12,215 per ton, reducing by -49.6% against the previous year.

This report provides an in-depth analysis of the orthopaedic appliances market in the Dominican Republic. 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 32502239 - Orthopaedic appliances, splints and other fracture appliances

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
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
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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.

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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
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
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