U.S.: Orthopaedic Appliances Market 2024

Orthopaedic Appliances Market Size in the U.S.

The U.S. orthopaedic appliances market expanded markedly to $X in 2022, with an increase of 7% against the previous year. Overall, consumption recorded buoyant growth. Orthopaedic appliances consumption peaked in 2022 and is expected to retain growth in the near future.

Orthopaedic Appliances Production in the U.S.

In value terms, orthopaedic appliances production fell remarkably to $X in 2022. Overall, production saw a deep contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 117%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Orthopaedic Appliances Exports

Exports from the U.S.

After ten years of growth, shipments abroad of orthopaedic appliances and splints decreased by -24.4% to X tons in 2022. Overall, exports recorded a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 13%. As a result, the exports reached the peak of X tons, and then dropped sharply in the following year.

In value terms, orthopaedic appliances exports stood at $X in 2022. The total export value increased at an average annual rate of +4.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 21%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Switzerland (X tons), Japan (X tons) and China (X tons) were the main destinations of orthopaedic appliances exports from the United States, together comprising 32% of total exports. The Netherlands, Germany, France, Mexico, the UK, Costa Rica, Australia, Thailand, Saudi Arabia and the Dominican Republic lagged somewhat behind, together comprising a further 43%.

From 2020 to 2022, the biggest increases were recorded for the Dominican Republic (with a CAGR of +231.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Switzerland ($X) and Japan ($X) were the largest markets for orthopaedic appliances exported from the United States worldwide, together accounting for 38% of total exports. Germany, Mexico, China, Australia, the UK, Costa Rica, France, Saudi Arabia, Thailand and the Dominican Republic lagged somewhat behind, together accounting for a further 26%.

Saudi Arabia, with a CAGR of +51.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average orthopaedic appliances export price stood at $X per kg in 2022, surging by 37% against the previous year. In general, export price indicated a significant expansion from 2020 to 2022: its price increased at an average annual rate of +21.0% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, orthopaedic appliances export price increased by +46.4% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+72.9%), while the prices for the other major destinations experienced more modest paces of growth.

Orthopaedic Appliances Imports

Imports into the U.S.

For the eleventh year in a row, the United States recorded growth in overseas purchases of orthopaedic appliances and splints, which increased by 28% to X tons in 2022. In general, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, orthopaedic appliances imports expanded notably to $X in 2022. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +31.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 20%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

Mexico (X tons), China (X tons) and Vietnam (X tons) were the main suppliers of orthopaedic appliances imports to the United States, together accounting for 83% of total imports. Switzerland, Taiwan (Chinese) and Ireland lagged somewhat behind, together accounting for a further 9.6%.

From 2020 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +103.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Switzerland ($X) and China ($X) constituted the largest orthopaedic appliances suppliers to the United States, with a combined 64% share of total imports. Ireland, Taiwan (Chinese) and Vietnam lagged somewhat behind, together comprising a further 8.6%.

Among the main suppliers, Ireland, with a CAGR of +77.8%, 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 average orthopaedic appliances import price stood at $X per ton in 2022, reducing by -14.4% against the previous year. Over the period under review, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2021 an increase of 1.2% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+16.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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