Report Update Nov 1, 2024

Puerto Rico - Orthopaedic Appliances and Splints - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Orthopaedic Appliances Market 2024

Orthopaedic Appliances Market Size in Puerto Rico

In 2021, the Puerto Rican orthopaedic appliances market was finally on the rise to reach $X after three years of decline. Over the period under review, the total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -38.0% against 2017 indices. Puerto Rico consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Orthopaedic Appliances Production in Puerto Rico

In value terms, orthopaedic appliances production reached $X in 2021 estimated in export price. Overall, the total production indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.2% 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 decreased by -37.3% against 2017 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 45% against the previous year. Puerto Rico production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Orthopaedic Appliances Exports

Exports by Country

In 2021, China (X tons) represented the main exporter of orthopaedic appliances and splints, committing 47% of total exports. Mexico (X tons) held the second position in the ranking, distantly followed by the United States (X tons). All these countries together held near 21% share of total exports. Germany (X tons), Taiwan (Chinese) (X tons), the Netherlands (X tons), Vietnam (X tons), France (X tons), Belgium (X tons) and Spain (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +14.9% from 2012 to 2021. At the same time, Vietnam (+27.7%), Spain (+7.4%), the Netherlands (+6.1%) and Germany (+3.3%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +27.7% from 2012-2021. Mexico experienced a relatively flat trend pattern. By contrast, France (-1.3%), Taiwan (Chinese) (-2.1%), Belgium (-6.8%) and the United States (-13.7%) illustrated a downward trend over the same period. China (+28 p.p.) and Vietnam (+1.9 p.p.) significantly strengthened its position in terms of the global exports, while Taiwan (Chinese), Belgium, Mexico and the United States saw its share reduced by -2.2%, -3.1%, -8% and -20.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest orthopaedic appliances supplier from Puerto Rico, comprising 23% of global exports. The second position in the ranking was held by the Netherlands ($X), with an 11% share of global exports. It was followed by Germany, with a 9.9% share.

In the United States, orthopaedic appliances exports expanded at an average annual rate of +4.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+8.3% per year) and Germany (+5.3% per year).

Orthopaedic Appliances Imports

Imports by Country

The United States was the major importing country with an import of around X tons, which finished at 37% of total imports. Germany (X tons) held the second position in the ranking, followed by the UK (X tons). All these countries together took approx. 13% share of total imports. The following importers - France (X tons), Spain (X tons), Mexico (X tons), Canada (X tons), Belgium (X tons), the Netherlands (X tons), Japan (X tons), Italy (X tons), Australia (X tons) and Sweden (X tons) - together made up 28% of total imports.

From 2012 to 2021, average annual rates of growth with regard to orthopaedic appliances imports into the United States stood at +8.2%. At the same time, Spain (+15.1%), the Netherlands (+10.1%), France (+7.9%), the UK (+7.0%), Italy (+6.9%), Japan (+5.9%), Canada (+3.8%), Sweden (+3.6%), Germany (+2.2%) and Australia (+1.3%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the world, with a CAGR of +15.1% from 2012-2021. Belgium experienced a relatively flat trend pattern. By contrast, Mexico (-13.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States and Spain increased by +10 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), Germany ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 42% share of total imports. These countries were followed by France, the UK, Japan, Belgium, Spain, Australia, Canada, Italy, Mexico and Sweden, which together accounted for a further 33%.

Spain, with a CAGR of +14.8%, recorded the highest growth rate of 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 orthopaedic appliances and splints in the world?

The country with the largest volume of orthopaedic appliances consumption was the United States, accounting for 49% of total volume. Moreover, orthopaedic appliances consumption in the United States exceeded the figures recorded by the second-largest consumer, China, fivefold. India ranked third in terms of total consumption with a 5.4% share.

What are the largest producers of orthopaedic appliances and splints in the world?

China constituted the country with the largest volume of orthopaedic appliances production, accounting for 38% of total volume. Moreover, orthopaedic appliances production in China exceeded the figures recorded by the second-largest producer, India, fourfold. The United States ranked third in terms of total production with a 5.5% share.

What are the leading suppliers of orthopaedic appliances and splints to Puerto Rico?

In value terms, the largest orthopaedic appliances importing markets into Puerto Rico were the United States, Germany and France, with a combined 39% share of total imports. These countries were followed by the UK, which accounted for a further 5.5%.

What are the leading importers of orthopaedic appliances and splints from Puerto Rico?

In value terms, the largest orthopaedic appliances supplying countries from Puerto Rico were the United States, Switzerland and the Netherlands, together comprising 56% of total exports.

What is the average export price for orthopaedic appliances and splints in Puerto Rico?

In 2021, the export price in Puerto Rico amounted to less than $0.1 per ton, flattening at the previous year.

What is the average import price for orthopaedic appliances and splints in Puerto Rico?

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

This report provides an in-depth analysis of the orthopaedic appliances 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 32502239 - Orthopaedic appliances, splints and other fracture appliances

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