U.S.: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in the U.S.

The U.S. orthopedic prosthetics market skyrocketed to $X in 2022, increasing by X% against the previous year. Overall, consumption showed a strong expansion. Orthopedic prosthetics consumption peaked in 2022 and is likely to see gradual growth in the near future.

Orthopedic Prosthetics Production in the U.S.

In value terms, orthopedic prosthetics production soared to $X in 2022. Over the period under review, production enjoyed pronounced growth. The pace of growth appeared the most rapid 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 somewhat lower figure.

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Orthopedic Prosthetics Exports

Exports from the U.S.

In 2022, overseas shipments of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) increased by X% to X units, rising for the second consecutive year after three years of decline. Overall, exports, however, recorded a abrupt downturn. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, orthopedic prosthetics exports totaled $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Mexico (X units), China (X units) and the Netherlands (X units) were the main destinations of orthopedic prosthetics exports from the United States, with a combined X% share of total exports. Canada, Switzerland, France, Japan, Ireland, Belgium, Costa Rica, Hong Kong SAR and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Costa Rica (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) exports from the United States, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the average orthopedic prosthetics export price amounted to $X per unit, falling by X% against the previous year. Overall, the export price, however, showed a strong increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then fell modestly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Mexico ($X 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Orthopedic Prosthetics Imports

Imports into the U.S.

In 2022, the amount of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) imported into the United States soared to X units, growing by X% compared with 2021 figures. In general, total imports indicated a mild expansion 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 with an increase of X% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, orthopedic prosthetics imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Ireland (X units) constituted the largest supplier of orthopedic prosthetics to the United States, with a X% share of total imports. Moreover, orthopedic prosthetics imports from Ireland exceeded the figures recorded by the second-largest supplier, Singapore (X units), more than tenfold. The UK (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Ireland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and the UK (X% per year).

In value terms, Ireland ($X) constituted the largest supplier of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) to the United States, comprising X% of total imports. The second position in the ranking was held by Costa Rica ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Ireland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (X% per year) and Singapore (X% per year).

Import Prices by Country

The average orthopedic prosthetics import price stood at $X per unit in 2022, waning by X% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2022: its price 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, orthopedic prosthetics import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then shrank 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 Costa Rica ($X per unit), while the price for the UK ($X 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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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