Northern America: Orthopedic Artificial Joints Market 2024

Orthopedic Artificial Joints Market Size in Northern America

The North American orthopedic artificial joints market surged to $X in 2022, growing by X% against the previous year. In general, consumption recorded a remarkable increase. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in the immediate term.

Orthopedic Artificial Joints Production in Northern America

In value terms, orthopedic artificial joints production skyrocketed to $X in 2022 estimated in export price. In general, production recorded a moderate expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

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Orthopedic Artificial Joints Exports

Exports in Northern America

Orthopedic artificial joints exports fell modestly to X units in 2022, which is down by X% on the year before. Over the period under review, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, orthopedic artificial joints exports totaled $X in 2022. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The United States dominates exports structure, reaching X units, which was near X% of total exports in 2022. Canada (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to orthopedic artificial joints exports from the United States stood at X%. Canada (X%) illustrated a downward trend over the same period. Canada (X p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest orthopedic artificial joints supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

In the United States, orthopedic artificial joints exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, rising by X% against the previous year. In general, the export price recorded a resilient expansion. The pace of growth appeared the most rapid in 2020 when the export price increased by X%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per unit), while Canada amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Orthopedic Artificial Joints Imports

Imports in Northern America

In 2022, imports of artificial joints for orthopedic purposes in Northern America expanded slightly to X units, with an increase of X% against the previous year. Total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, orthopedic artificial joints imports expanded rapidly to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

The United States dominates imports structure, reaching X units, which was near X% of total imports in 2022. It was distantly followed by Canada (X units), mixing up a X% share of total imports.

The United States was also the fastest-growing in terms of the artificial joints for orthopedic purposes imports, with a CAGR of X% from 2012 to 2022. Canada experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United States increased by X percentage points.

In value terms, the United States ($X) constitutes the largest market for imported artificial joints for orthopedic purposes in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

In the United States, orthopedic artificial joints imports increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, approximately mirroring the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by X%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while Canada totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform

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