Report Update Nov 1, 2024

Puerto Rico - Instruments Used in Medical Sciences - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Medical Instruments Market 2024

Medical Instruments Market Size in Puerto Rico

In 2021, the Puerto Rican medical instruments market was finally on the rise to reach $X after five years of decline. Overall, consumption, however, recorded a deep downturn. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Medical Instruments Production in Puerto Rico

In value terms, medical instruments production rose notably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2015 when the production volume increased by 11% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Medical Instruments Exports

Exports by Country

In 2021, Mexico (X tons), distantly followed by China (X tons), Germany (X tons), Thailand (X tons), India (X tons) and Italy (X tons) were the key exporters of instruments used in medical sciences, together making up 48% of total exports. The following exporters - the UK (X tons), the United States (X tons), the Netherlands (X tons), Singapore (X tons), Slovenia (X tons), the Dominican Republic (X tons) and Belgium (X tons) - together made up 22% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by India (with a CAGR of +39.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and the Netherlands ($X) were the countries with the highest levels of exports in 2021, with a combined 43% share of total exports. These countries were followed by Mexico, China, Belgium, Singapore, the UK, Italy, the Dominican Republic, India, Slovenia and Thailand, which together accounted for a further 27%.

Slovenia, with a CAGR of +24.8%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Medical Instruments Imports

Imports by Country

The United States was the largest importer of instruments used in medical sciences in the world, with the volume of imports resulting at X tons, which was near 26% of total imports in 2021. The UK (X tons) held a 7% share (based on physical terms) of total imports, which put it in second place, followed by Germany (6%). The following importers - Thailand (X tons), Italy (X tons), France (X tons), the Netherlands (X tons), Canada (X tons), Austria (X tons), Belgium (X tons), Singapore (X tons), Japan (X tons) and Indonesia (X tons) - together made up 27% of total imports.

Imports into the United States increased at an average annual rate of +7.3% from 2012 to 2021. At the same time, Thailand (+48.7%), Austria (+26.4%), Indonesia (+11.9%), the UK (+9.0%), the Netherlands (+8.1%), Italy (+3.2%), Japan (+2.9%), Germany (+2.8%), Canada (+2.0%) and France (+1.9%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in the world, with a CAGR of +48.7% from 2012-2021. Singapore and Belgium experienced a relatively flat trend pattern. From 2012 to 2021, the share of the United States, Thailand, the UK and Austria increased by +6.6, +4.3, +2.5 and +2 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported instruments used in medical sciences into Puerto Rico, comprising 23% of global imports. The second position in the ranking was held by the Netherlands ($X), with a 7.3% share of global imports. It was followed by Germany, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled +7.4%. In the other countries, the average annual rates were as follows: the Netherlands (+11.7% per year) and Germany (+3.0% per year).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for instruments used in medical sciences in the world?

The country with the largest volume of medical instruments consumption was South Africa, comprising approx. 53% of total volume. Moreover, medical instruments consumption in South Africa exceeded the figures recorded by the second-largest consumer, China, sixfold. The third position in this ranking was occupied by Mexico, with a 4.7% share.

What are the largest producers of instruments used in medical sciences in the world?

South Africa constituted the country with the largest volume of medical instruments production, comprising approx. 55% of total volume. Moreover, medical instruments production in South Africa exceeded the figures recorded by the second-largest producer, China, fivefold. The third position in this ranking was occupied by the United States, with a 9% share.

What are the leading suppliers of instruments used in medical sciences to Puerto Rico?

In value terms, China, the Netherlands and Germany were the countries with the highest levels of imports in 2021, with a combined 22% share of total imports.

What are the leading importers of instruments used in medical sciences from Puerto Rico?

In value terms, the United States, Germany and the Netherlands appeared to be the countries with the highest levels of exports in 2021, together comprising 46% of total exports. These countries were followed by Mexico, China, Belgium, the UK, Italy, Vietnam, Slovenia and South Africa, which together accounted for a further 23%.

What is the average export price for instruments used in medical sciences in Puerto Rico?

In 2021, the export price in Puerto Rico amounted to less than $0.1 per thousand units, therefore, remained relatively stable against the previous year.

What is the average import price for instruments used in medical sciences in Puerto Rico?

In 2021, the import price in Puerto Rico amounted to less than $0.1 per thousand units, remaining stable against the previous year.

This report provides an in-depth analysis of the medical instruments 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 32501333 - Instruments and apparatus for measuring blood-pressure (including sphygmomanometers, tensiometers, oscillometers)
Prodcom 32501335 - Endoscopes for medical purposes
Prodcom 32501353 - Renal dialysis equipment
Prodcom 32501355 - Diathermic apparatus (including ultrasonic)
Prodcom 32501363 - Transfusion apparatus (excluding special blood storage glass bottles)
Prodcom 32501365 - Anaesthetic apparatus and instruments
Prodcom 32501370 - Instruments and appliances used in medical, surgical or veterinary sciences, n.e.s.

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
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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