Northern America: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Northern America

In 2021, the North American needles, catheters, cannulae market decreased by -0.7% to $X, falling for the second consecutive year after eight years of growth. The total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -9.7% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Needles, Catheters, Cannulae Production in Northern America

In value terms, needles, catheters, cannulae production dropped slightly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate strong growth. The pace of growth appeared the most rapid in 2020 when the production volume increased by 38% against the previous year. As a result, production attained the peak level of $X, and then fell in the following year.

Needles, Catheters, Cannulae Exports

Exports in Northern America

In 2021, overseas shipments of needles, catheters, cannulae increased by 19% to X units, rising for the second year in a row after two years of decline. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 272%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, needles, catheters, cannulae exports soared to $X in 2021. The total export value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States prevails in exports structure, recording X units, which was near 95% of total exports in 2021. It was distantly followed by Canada (X units), mixing up a 5.1% share of total exports.

The United States was also the fastest-growing in terms of the needles, catheters, cannulae exports, with a CAGR of +32.9% from 2012 to 2021. At the same time, Canada (+3.0%) displayed positive paces of growth. The United States (+30 p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by -29.6% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest needles, catheters, cannulae supplier in Northern America, comprising 98% of total exports. The second position in the ranking was held by Canada ($X), with a 1.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled +3.3%.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per unit, declining by -3.3% against the previous year. Overall, the export price showed a abrupt shrinkage. The growth pace was the most rapid in 2018 an increase of 39%. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per unit), while Canada stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.3%).

Needles, Catheters, Cannulae Imports

Imports in Northern America

Needles, catheters, cannulae imports expanded remarkably to X units in 2021, increasing by 14% compared with the previous year's figure. Total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +72.6% against 2012 indices. The pace of growth was the most pronounced in 2014 with an increase of 16%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, needles, catheters, cannulae imports stood at $X in 2021. Total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 18% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

The United States was the main importer of needles, catheters, cannulae in Northern America, with the volume of imports finishing at X units, which was approx. 84% of total imports in 2021. It was distantly followed by Canada (X units), committing a 16% share of total imports.

The United States was also the fastest-growing in terms of the needles, catheters, cannulae imports, with a CAGR of +7.9% from 2012 to 2021. Canada experienced a relatively flat trend pattern. While the share of the United States (+11 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-10.7 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported needles, catheters, cannulae in Northern America, comprising 94% of total imports. The second position in the ranking was held by Canada ($X), with a 6.5% share of total imports.

In the United States, needles, catheters, cannulae imports increased at an average annual rate of +7.5% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2021, approximately equating the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the import price increased by 4.6% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per unit), while Canada totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.2%).

Source: IndexBox Platform

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