U.S. - Artificial Joints For Orthopedic Purposes - Market Analysis, Forecast, Size, Trends and Insights
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View PricingOrthopedic Artificial Joints Price in the United States - 2023
Contents:
- Orthopedic Artificial Joints Price in the United States (CIF) - 2023
- Orthopedic Artificial Joints Price in the United States (FOB) - 2022
- Orthopedic Artificial Joints Imports in the United States
- Orthopedic Artificial Joints Exports in the United States
Orthopedic Artificial Joints Price in the United States (CIF) - 2023
The average orthopedic artificial joints import price stood at $378 per unit in September 2023, increasing by 7.2% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 11% month-to-month. Over the period under review, average import prices hit record highs at $436 per unit in November 2022; however, from December 2022 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Ireland ($484 per unit), while the price for India ($69.5 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Orthopedic Artificial Joints Price in the United States (FOB) - 2022
The average orthopedic artificial joints export price stood at $10,235 per unit in 2022, declining by -19.4% against the previous year. Overall, export price indicated a remarkable increase from 2020 to 2022: its price increased at an average annual rate of +12.1% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, orthopedic artificial joints export price increased by +25.7% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by 56% against the previous year. As a result, the export price attained the peak level of $12,691 per unit, and then declined rapidly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($21,566 per unit), while the average price for exports to Ireland ($2,900 per unit) was amongst the lowest.
From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+19.2%), while the prices for the other major destinations experienced more modest paces of growth.
Orthopedic Artificial Joints Imports in the United States
In 2022, the amount of artificial joints for orthopedic purposes imported into the United States fell to 27K units, reducing by -6.3% compared with the previous year's figure. Over the period under review, imports faced a precipitous descent. Imports peaked at 169K units in 2020; however, from 2021 to 2022, imports remained at a lower figure.
In value terms, orthopedic artificial joints imports expanded rapidly to $2.8B in 2022. Overall, imports recorded a mild slump. The pace of growth was the most pronounced in 2021 with an increase of 8.5% against the previous year. Imports peaked at $2.9B in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Orthopedic Artificial Joints in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Ireland | 1,392 | 1,446 | 1,387 | -0.2% | |
| Germany | 267 | 343 | 359 | 16.0% | |
| France | 156 | 220 | 331 | 45.7% | |
| Switzerland | 324 | 304 | 308 | -2.5% | |
| United Kingdom | 70.0 | 87.2 | 121 | 31.5% | |
| China | 52.3 | 61.7 | 78.8 | 22.7% | |
| Italy | 55.3 | 44.1 | 25.2 | -32.5% | |
| India | 5.4 | 10.5 | 17.8 | 81.6% | |
| Others | 96.4 | 108 | 136 | 18.8% | |
| Total | 2,418 | 2,624 | 2,763 | 6.9% | |
Top Suppliers of Orthopedic Artificial Joints to the United States in 2022:
- Ireland (10.8K units)
- Switzerland (3.8K units)
- Germany (3.0K units)
- France (2.6K units)
- United Kingdom (2.5K units)
- China (1.5K units)
- India (0.9K units)
- Italy (0.3K units)
Orthopedic Artificial Joints Exports in the United States
Orthopedic artificial joints exports from the United States soared to 156K units in 2022, rising by 29% on 2021. Over the period under review, exports, however, continue to indicate a deep contraction. Over the period under review, the exports reached the maximum at 184K units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
In value terms, orthopedic artificial joints exports totaled $1.6B in 2022. In general, exports, however, saw a abrupt decrease. Over the period under review, the exports attained the maximum at $1.9B in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Orthopedic Artificial Joints in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Netherlands | 323 | 369 | 455 | 18.7% | |
| Japan | 193 | 197 | 183 | -2.6% | |
| Belgium | 108 | 143 | 133 | 11.0% | |
| China | 157 | 154 | 109 | -16.7% | |
| Australia | 79.0 | 84.9 | 79.5 | 0.3% | |
| Ireland | 76.4 | 59.6 | 72.2 | -2.8% | |
| United Kingdom | 40.0 | 41.3 | 59.0 | 21.4% | |
| Singapore | 46.3 | 46.2 | 51.1 | 5.1% | |
| India | 20.1 | 29.1 | 39.0 | 39.3% | |
| South Korea | 29.7 | 32.8 | 33.5 | 6.2% | |
| Switzerland | 76.6 | 25.7 | 25.0 | -42.9% | |
| Germany | 45.3 | 24.4 | 23.6 | -27.8% | |
| Others | 302 | 325 | 335 | 5.3% | |
| Total | 1,497 | 1,530 | 1,598 | 3.3% | |
Top Export Markets for Orthopedic Artificial Joints from the United States in 2022:
- Netherlands (37.5K units)
- China (26.9K units)
- Ireland (24.9K units)
- Belgium (9.2K units)
- Japan (9.1K units)
- United Kingdom (8.4K units)
- India (5.3K units)
- Singapore (3.8K units)
- Australia (3.7K units)
- South Korea (2.7K units)
- Switzerland (2.4K units)
- Germany (1.8K units)
This report provides an in-depth analysis of the orthopedic artificial joints market in the U.S.. 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 32502235 - Artificial joints
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
- Find deeper insights into current market developments
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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