Northern America: Orthopaedic Appliances Market 2024

Orthopaedic Appliances Market Size in Northern America

For the third consecutive year, the North American orthopaedic appliances market recorded growth in sales value, which increased by 11% to $X in 2022. Overall, consumption showed a significant increase. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Orthopaedic Appliances Production in Northern America

In value terms, orthopaedic appliances production fell rapidly to $X in 2022 estimated in export price. Overall, production recorded a deep setback. The pace of growth was the most pronounced in 2021 when the production volume increased by 109,201,384,300% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Orthopaedic Appliances Exports

Exports in Northern America

After two years of growth, overseas shipments of orthopaedic appliances and splints decreased by -22.4% to X tons in 2022. Overall, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 416% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then declined markedly in the following year.

In value terms, orthopaedic appliances exports expanded to $X in 2022. The total export value increased at an average annual rate of +4.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 21%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

The United States represented the largest exporter of orthopaedic appliances and splints in Northern America, with the volume of exports amounting to X tons, which was approx. 82% of total exports in 2022. It was distantly followed by Canada (X tons), comprising an 18% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to orthopaedic appliances exports from the United States stood at -7.4%. Canada (-1.3%) illustrated a downward trend over the same period. While the share of the United States (+82 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Canada (-80.9 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest orthopaedic appliances supplier in Northern America, comprising 99% of total exports. The second position in the ranking was held by Canada ($X), with a 1.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States totaled +4.7%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per kg, jumping by 33% against the previous year. Over the period under review, the export price, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2013 an increase of 55% against the previous year. As a result, the export price attained the peak level of $X per kg. From 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per kg), while Canada totaled $X per kg.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+21.0%).

Orthopaedic Appliances Imports

Imports in Northern America

In 2022, purchases abroad of orthopaedic appliances and splints increased by 30% to X tons, rising for the third year in a row after two years of decline. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 701%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, orthopaedic appliances imports stood at $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.8% 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 +35.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 20% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X tons) represented the key importer of orthopaedic appliances and splints, comprising 90% of total imports. It was distantly followed by Canada (X tons), constituting a 10% share of total imports.

The United States was also the fastest-growing in terms of the orthopaedic appliances and splints imports, with a CAGR of +23.3% from 2012 to 2022. At the same time, Canada (+7.9%) displayed positive paces of growth. The United States (+90 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -89.5% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported orthopaedic appliances and splints in Northern America, comprising 87% of total imports. The second position in the ranking was taken by Canada ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at +6.6%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, reducing by -12.7% against the previous year. Overall, the import price showed a significant decline. The growth pace was the most rapid in 2018 when the import price increased by 17%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+0.5%).

Source: IndexBox Platform

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