U.S.: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in the U.S.

In 2021, the U.S. needles, catheters, cannulae market decreased by -2.5% to $X, falling for the second year in a row after eight years of growth. In general, the total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.8% 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 -10.9% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Needles, Catheters, Cannulae Production in the U.S.

In value terms, needles, catheters, cannulae production fell rapidly to $X in 2021. Overall, production, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 54%. As a result, production attained the peak level of $X, and then fell dramatically in the following year.

Needles, Catheters, Cannulae Exports

Exports from the U.S.

Needles, catheters, cannulae exports from the United States skyrocketed to X units in 2021, rising by 18% compared with the previous year's figure. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,330%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, needles, catheters, cannulae exports surged to $X in 2021. The total export value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X units), China (X units) and Japan (X units) were the main destinations of needles, catheters, cannulae exports from the United States, together comprising 60% of total exports. These countries were followed by Costa Rica, Ireland, Mexico, Germany, the Netherlands, Australia, Taiwan (Chinese), Canada and Hong Kong SAR, which together accounted for a further 32%.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +80.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for needles, catheters, cannulae exported from the United States were the Netherlands ($X), China ($X) and Belgium ($X), with a combined 42% share of total exports.

Among the main countries of destination, China, with a CAGR of +14.5%, recorded the highest rates of growth with regard to 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

In 2021, the average needles, catheters, cannulae export price amounted to $X per unit, declining by -2.7% against the previous year. In general, the export price faced a precipitous shrinkage. The pace of growth was the most pronounced in 2015 an increase of 71% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Costa Rica ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+0.4%), while the prices for the other major destinations experienced a decline.

Needles, Catheters, Cannulae Imports

Imports into the U.S.

In 2021, needles, catheters, cannulae imports into the United States skyrocketed to X units, growing by 16% compared with the previous year. In general, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +97.7% against 2012 indices. The pace of growth was the most pronounced in 2014 when imports increased by 18%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, needles, catheters, cannulae imports totaled $X in 2021. Overall, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +91.3% against 2012 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 20% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Mexico (X units) constituted the largest needles, catheters, cannulae supplier to the United States, with a 57% share of total imports. Moreover, needles, catheters, cannulae imports from Mexico exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. Costa Rica (X units) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Mexico amounted to +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.7% per year) and Costa Rica (+4.8% per year).

In value terms, Mexico ($X) constituted the largest supplier of needles, catheters, cannulae to the United States, comprising 31% of total imports. The second position in the ranking was taken by Costa Rica ($X), with a 13% share of total imports. It was followed by China, with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Mexico amounted to +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (+9.8% per year) and China (+10.2% per year).

Import Prices by Country

In 2021, the average needles, catheters, cannulae import price amounted to $X per unit, declining by -1.9% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 2.3%. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Costa Rica ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Costa Rica (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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