Report Puerto Rico - Artificial Parts of the Body (Excl. Artificial Teeth and Dental Fittings and Artificial Joints) - Market Analysis, Forecast, Size, Trends and Insights for 499$

Report Update Nov 1, 2024

Puerto Rico - Artificial Parts of the Body (Excl. Artificial Teeth and Dental Fittings and Artificial Joints) - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in Puerto Rico

In 2021, after three years of growth, there was decline in the Puerto Rican orthopedic prosthetics market, when its value decreased by -1.3% to $X. In general, the total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.6% 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 +46.3% against 2017 indices. Puerto Rico consumption peaked at $X in 2020, and then dropped in the following year.

Orthopedic Prosthetics Production in Puerto Rico

In value terms, orthopedic prosthetics production fell to $X in 2021 estimated in export price. Over the period under review, the total production indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +50.6% against 2017 indices. The most prominent rate of growth was recorded in 2015 with an increase of 48% against the previous year. Puerto Rico production peaked at $X in 2020, and then declined slightly in the following year.

Orthopedic Prosthetics Exports

Exports by Country

The Netherlands (X tons) and the United States (X tons) represented roughly 27% of total exports in 2021. It was distantly followed by Belgium (X tons), Germany (X tons), Singapore (X tons), Costa Rica (X tons) and Austria (X tons), together constituting a 43% share of total exports. The following exporters - Ireland (X tons), France (X tons), the UK (X tons), Guatemala (X tons), China (X tons) and Mexico (X tons) - together made up 18% of total exports.

From 2012 to 2021, average annual rates of growth with regard to artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) exports from the Netherlands and the United States stood at +9.9% and -34.5%, respectively. At the same time, Guatemala (+29.1%), Singapore (+22.6%), Mexico (+16.6%), China (+10.3%), Ireland (+7.6%), Belgium (+7.1%), Costa Rica (+6.3%), the UK (+5.8%) and Austria (+4.6%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in the world, with a CAGR of +29.1% from 2012-2021. By contrast, Germany (-2.6%) and France (-5.9%) illustrated a downward trend over the same period. While the share of the Netherlands (+13 p.p.), Singapore (+7.3 p.p.), Belgium (+4.3 p.p.), Costa Rica (+2.6 p.p.), Guatemala (+2.4 p.p.) and Ireland (+1.7 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of France (-4 p.p.), Germany (-4.4 p.p.) and the United States (-30.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X), the United States ($X) and Belgium ($X) were the countries with the highest levels of exports in 2021, with a combined 59% share of total exports. Singapore, Costa Rica, Germany, France, the UK, Ireland, Austria, Mexico, China and Guatemala lagged somewhat behind, together accounting for a further 30%.

Guatemala, with a CAGR of +18.8%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Orthopedic Prosthetics Imports

Imports by Country

The Netherlands (X tons) and Belgium (X tons) represented roughly 26% of total imports in 2021. Spain (X tons) held the next position in the ranking, followed by France (X tons). All these countries together held near 12% share of total imports. Germany (X tons), the United States (X tons), Italy (X tons), Ireland (X tons), Bulgaria (X tons), China (X tons), the UK (X tons), Canada (X tons) and Turkey (X tons) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bulgaria (with a CAGR of +48.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest orthopedic prosthetics importing markets into Puerto Rico were the United States ($X), the Netherlands ($X) and Germany ($X), with a combined 45% share of total imports. These countries were followed by China, Belgium, France, Italy, Canada, Spain, the UK, Ireland, Turkey and Bulgaria, which together accounted for a further 26%.

Ireland, with a CAGR of +26.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) in the world?

The country with the largest volume of orthopedic prosthetics consumption was the United States, accounting for 34% of total volume. Moreover, orthopedic prosthetics consumption in the United States exceeded the figures recorded by the second-largest consumer, China, twofold. Japan ranked third in terms of total consumption with a 7.5% share.

What are the largest producers of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) in the world?

The countries with the highest volumes of in 2021 were the United States, China and Germany, together accounting for 57% of global production.

What are the leading suppliers of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) to Puerto Rico?

In value terms, the largest orthopedic prosthetics importing markets into Puerto Rico were the United States, the Netherlands and Japan, with a combined 46% share of total imports. These countries were followed by Belgium, France and Spain, which together accounted for a further 11%.

What are the leading importers of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) from Puerto Rico?

In value terms, the largest orthopedic prosthetics supplying countries from Puerto Rico were the Netherlands, the United States and Singapore, with a combined 62% share of total exports.

What is the average export price for artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) in Puerto Rico?

The export price in Puerto Rico stood at less than $0.1 per ton in 2021, stabilizing at the previous year.

What is the average import price for artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) in Puerto Rico?

In 2021, the import price in Puerto Rico amounted to less than $0.1 per ton, approximately equating the previous year.

This report provides an in-depth analysis of the orthopedic prosthetics market in Puerto Rico. 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 32502290 - Artificial parts of the body (excluding artificial teeth and dental fittings, artificial joints, orthopaedic and fracture appliances, h eart pacemakers)

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
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
Find deeper insights into current market developments
Discover vital success factors affecting the market

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