U.S.: Ophthalmic Good Market 2024

Ophthalmic Good Market Size in the U.S.

In 2022, the U.S. ophthalmic good market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% over the period from 2013 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Ophthalmic Good Production in the U.S.

In value terms, ophthalmic good production declined slightly to $X in 2022. Over the period under review, production, however, saw slight growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Ophthalmic good production peaked at $X in 2021, and then contracted modestly in the following year.

Ophthalmic Good Exports

Exports from the U.S.

After six years of growth, overseas shipments of ophthalmic goods decreased by X% to X units in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports attained the peak figure at X units in 2021, and then declined dramatically in the following year.

In value terms, ophthalmic good exports rose remarkably to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2013 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

Japan (X units) was the main destination for ophthalmic good exports from the United States, with a X% share of total exports. Moreover, ophthalmic good exports to Japan exceeded the volume sent to the second major destination, the UK (X units), threefold. The third position in this ranking was held by Canada (X units), with a X% share.

From 2013 to 2022, the average annual growth rate of volume to Japan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Canada (X% per year).

In value terms, Canada ($X), Mexico ($X) and Japan ($X) appeared to be the largest markets for ophthalmic good exported from the United States worldwide, together comprising X% of total exports. Germany, China, the UK, the Netherlands, Belgium, Hong Kong SAR, South Korea, Australia, Taiwan (Chinese) and Russia lagged somewhat behind, together comprising a further X%.

China, with a CAGR of X%, saw 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 ophthalmic good export price stood at $X per unit in 2022, jumping by X% against the previous year. Over the last nine years, it increased at an average annual rate of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Russia ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ophthalmic Good Imports

Imports into the U.S.

In 2022, approx. X units of ophthalmic goods were imported into the United States; picking up by X% against 2021. The total import volume increased at an average annual rate of X% from 2013 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ophthalmic good imports rose sharply to $X in 2022. The total import value increased at an average annual rate of X% from 2013 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X units), Germany (X units) and Ireland (X units) were the main suppliers of ophthalmic good imports to the United States, together comprising X% of total imports. Singapore, Taiwan (Chinese), the UK, Italy, Malaysia, Indonesia, Hungary and Costa Rica lagged somewhat behind, together accounting for a further X%.

From 2013 to 2022, the biggest increases were recorded for Singapore (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ophthalmic good suppliers to the United States were China ($X), Italy ($X) and Germany ($X), with a combined X% share of total imports. Taiwan (Chinese), Ireland, Singapore, the UK, Indonesia, Malaysia, Costa Rica and Hungary lagged somewhat behind, together accounting for a further X%.

Costa Rica, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average ophthalmic good import price amounted to $X per unit, shrinking by X% against the previous year. Overall, import price indicated a noticeable expansion from 2013 to 2022: its price increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ophthalmic good import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit, and then declined notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Ireland ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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