U.S. - Artificial Parts Of The Body (Excl. Artificial Teeth And Dental Fittings And Artificial Joints) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingOrthopedic Prosthetics Price in the United States - 2023
Contents:
- Orthopedic Prosthetics Price in the United States (CIF) - 2022
- Orthopedic Prosthetics Price in the United States (FOB) - 2022
- Orthopedic Prosthetics Imports in the United States
- Orthopedic Prosthetics Exports in the United States
Orthopedic Prosthetics Price in the United States (CIF) - 2022
In 2022, the average orthopedic prosthetics import price amounted to $12 per unit, approximately equating the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2020 when the average import price increased by 45% against the previous year. Over the period under review, average import prices attained the maximum at $13 per unit in 2021, and then fell modestly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Costa Rica ($421 per unit), while the price for the UK ($9.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+45.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Orthopedic Prosthetics Price in the United States (FOB) - 2022
The average orthopedic prosthetics export price stood at $22 per unit in 2022, with a decrease of -4.2% against the previous year. Overall, the export price, however, enjoyed resilient growth. The growth pace was the most rapid in 2019 when the average export price increased by 44%. Over the period under review, the average export prices attained the peak figure at $23 per unit in 2021, and then shrank in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($56 per unit), while the average price for exports to Mexico ($4.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+23.9%), while the prices for the other major destinations experienced more modest paces of growth.
Orthopedic Prosthetics Imports in the United States
In 2022, orthopedic prosthetics imports into the United States surged to 347M units, rising by 24% against the previous year's figure. Overall, imports, however, saw a abrupt setback. Imports peaked at 455M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, orthopedic prosthetics imports skyrocketed to $4.3B in 2022. The total import value increased at an average annual rate of +3.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Orthopedic Prosthetics in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 2,184 | 1,628 | 1,998 | 2,712 | 7.5% |
| Costa Rica | 272 | 185 | 317 | 576 | 28.4% |
| Singapore | 701 | 701 | 442 | 300 | -24.6% |
| United Kingdom | 65.4 | 77.3 | 93.8 | 96.5 | 13.8% |
| Denmark | 55.3 | 49.6 | 78.5 | 82.9 | 14.4% |
| Netherlands | 47.1 | 84.1 | 106 | 49.4 | 1.6% |
| Others | 552 | 449 | 483 | 504 | -3.0% |
| Total | 3,877 | 3,174 | 3,518 | 4,321 | 3.7% |
Top Suppliers of Orthopedic Prosthetics to the United States in 2022:
- Ireland (288.1M units)
- Singapore (10.5M units)
- United Kingdom (10.2M units)
- Denmark (8.8M units)
- Netherlands (5.2M units)
- Costa Rica (1.4M units)
Orthopedic Prosthetics Exports in the United States
In 2022, the amount of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) exported from the United States was estimated at 142M units, growing by 9.6% compared with the previous year's figure. Overall, exports, however, recorded a abrupt slump. Over the period under review, the exports reached the peak figure at 171M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, orthopedic prosthetics exports expanded to $3.2B in 2022. The total export value increased at an average annual rate of +8.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Orthopedic Prosthetics in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 724 | 875 | 1,012 | 832 | 4.7% |
| Japan | 417 | 382 | 376 | 397 | -1.6% |
| China | 188 | 246 | 354 | 394 | 28.0% |
| Canada | 124 | 124 | 205 | 191 | 15.5% |
| Belgium | 209 | 141 | 159 | 189 | -3.3% |
| Germany | 175 | 165 | 158 | 155 | -4.0% |
| Ireland | 98.5 | 98.6 | 83.0 | 142 | 13.0% |
| Mexico | 71.8 | 54.6 | 72.8 | 106 | 13.9% |
| Singapore | 68.3 | 61.1 | 78.4 | 95.3 | 11.7% |
| Switzerland | 12.6 | 19.6 | 53.9 | 70.1 | 77.2% |
| France | 41.5 | 47.2 | 43.2 | 62.3 | 14.5% |
| Hong Kong SAR | 27.1 | 32.4 | 33.6 | 54.4 | 26.1% |
| Costa Rica | 13.4 | 20.1 | 25.4 | 37.5 | 40.9% |
| Others | 322 | 297 | 367 | 446 | 11.5% |
| Total | 2,492 | 2,564 | 3,022 | 3,172 | 8.4% |
Top Export Markets for Orthopedic Prosthetics from the United States in 2022:
- Mexico (22.3M units)
- China (19.4M units)
- Netherlands (18.3M units)
- Canada (17.4M units)
- Switzerland (11.4M units)
- France (7.4M units)
- Japan (7.1M units)
- Ireland (6.3M units)
- Belgium (6.2M units)
- Costa Rica (5.1M units)
- Hong Kong SAR (3.8M units)
- Germany (3.1M units)
- Singapore (1.8M units)
This report provides an in-depth analysis of the orthopedic prosthetics 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 32502290 - Artificial parts of the body (excluding artificial teeth and dental fittings, artificial joints, orthopaedic and fracture appliances, h eart pacemakers)
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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The import of Orthopedic Prosthetics peaked at 398M units in 2018 but saw a slight decline from 2019 to 2023. In terms of value, orthopedic prosthetics imports surged to $4.8B in 2023.
302
In August 2022, the orthopedic prosthetics price per ton amounted to $283.2K (CIF, US), reducing by -4.5% against the previous month.
264
In May 2023, the price of the Hearing Aid reached $206 per unit (CIF, US), showing a 4.5% increase compared to the previous month.
591
In June 2022, the average hearing aid import price amounted to $205 per unit, jumping by 27% against the previous month
109
From May 2023 to December 2023, the growth of imports for Pacemakers failed to regain momentum. In value terms, Pacemaker imports increased to $177M in December 2023.
382
The average pacemaker import price stood at $3,680 per unit in July 2022, reducing by -1.6% against the previous month.
346
The average pacemaker import price stood at $3,741 per unit in June 2022, declining by -7.9% against the previous month
229
In April 2023, the artificial teeth price stood at $33.6 per unit (CIF, US), waning by -4.2% against the previous month.
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