Puerto Rico: Orthopedic Artificial Joints Market 2024

Orthopedic Artificial Joints Market Size in Puerto Rico

The Puerto Rican orthopedic artificial joints market contracted dramatically to $X in 2021, dropping by -16.9% against the previous year. In general, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.3% 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 increased by +25.5% against 2019 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Orthopedic Artificial Joints Production in Puerto Rico

In value terms, orthopedic artificial joints production fell rapidly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +28.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 57%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Orthopedic Artificial Joints Exports

Exports from Puerto Rico

In 2021, the amount of artificial joints for orthopedic purposes exported from Puerto Rico stood at less than X units, remaining stable against 2020 figures. Overall, exports saw a relatively flat trend pattern.

In value terms, orthopedic artificial joints exports totaled less than $X in 2021. In general, exports recorded a relatively flat trend pattern.

Exports by Country

In 2021, Ireland (X units) and the United States (X units) were the major exporters of artificial joints for orthopedic purposesin the world, together resulting at near 32% of total exports. The Netherlands (X units) took the next position in the ranking, followed by Belgium (X units), the UK (X units), France (X units), Switzerland (X units) and Germany (X units). All these countries together held near 55% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to artificial joints for orthopedic purposes exports from Ireland and the United States stood at +13.9% and -18.5%, respectively. At the same time, the Netherlands (+10.4%), France (+3.6%) and Switzerland (+1.2%) displayed positive paces of growth. Germany experienced a relatively flat trend pattern. By contrast, Belgium (-1.4%) and the UK (-3.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Ireland and the Netherlands increased by +18 and +6.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest orthopedic artificial joints supplying countries from Puerto Rico were the Netherlands ($X), Ireland ($X) and the United States ($X), with a combined 52% share of total exports.

In terms of the main exporting countries, the Netherlands, with a CAGR of +25.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Puerto Rico stood at less than $X per thousand units in 2021, standing approx. at the previous year. Overall, the export price showed a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per thousand units), while France ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+21.9%), while the other leaders experienced more modest paces of growth.

Orthopedic Artificial Joints Imports

Imports into Puerto Rico

Orthopedic artificial joints imports into Puerto Rico totaled less than X units in 2021, stabilizing at the previous year's figure. Over the period under review, imports recorded a relatively flat trend pattern.

In value terms, orthopedic artificial joints imports stood at less than $X in 2021. In general, imports recorded a relatively flat trend pattern.

Imports by Country

The purchases of the four major importers of artificial joints for orthopedic purposes, namely Belgium, the Netherlands, the United States and Ireland, represented more than half of total import. The UK (X units) held the next position in the ranking, followed by China (X units). All these countries together held near 9.2% share of total imports. The following importers - France (X units), Spain (X units), Germany (X units), Italy (X units), Switzerland (X units), Australia (X units) and Japan (X units) - together made up 23% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Ireland (with a CAGR of +18.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and Belgium ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 45% share of total imports.

Among the main importing countries, the Netherlands, with a CAGR of +17.8%, 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 import price in Puerto Rico stood at less than $X per thousand units in 2021, remaining stable against the previous year. Overall, the import price showed a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per thousand units), while Ireland ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+11.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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