U.S.: Medical Furniture Market 2024

Medical Furniture Market Size in the U.S.

The U.S. medical furniture market shrank modestly to $X in 2022, waning by X% against the previous year. Overall, consumption recorded a perceptible decline. Medical furniture consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Medical Furniture Production in the U.S.

In value terms, medical furniture production dropped dramatically to $X in 2022. Overall, production saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Medical furniture production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

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Medical Furniture Exports

Exports from the U.S.

In 2022, shipments abroad of medical, surgical or veterinary furniture increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, medical furniture exports rose remarkably to $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 only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Mexico (X units), Canada (X units) and the Netherlands (X units) were the main destinations of medical furniture exports from the United States, together accounting for X% of total exports. Singapore, Australia, China, the UK, Costa Rica, Japan, Germany, France, Turkey and Saudi Arabia lagged somewhat behind, together accounting for 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, Canada ($X) remains the key foreign market for medical, surgical or veterinary furniture exports from the United States, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with an X% share of total exports. It was followed by Mexico, with a X% share.

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

Export Prices by Country

In 2022, the average medical furniture export price amounted to $X per unit, declining by X% against the previous year. Over the period under review, the export price, however, recorded strong growth. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, the export price reached the peak level of $X per unit, and then dropped 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 Canada ($X per unit), while the average price for exports to Turkey ($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 Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Furniture Imports

Imports into the U.S.

For the fourth consecutive year, the United States recorded growth in purchases abroad of medical, surgical or veterinary furniture, which increased by X% to X units in 2022. In general, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, medical furniture imports expanded significantly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 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 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of medical furniture to the United States, with a X% share of total imports. Moreover, medical furniture imports from China exceeded the figures recorded by the second-largest supplier, Canada (X units), twofold. Mexico (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 China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and Mexico (X% per year).

In value terms, China ($X) constituted the largest supplier of medical, surgical or veterinary furniture to the United States, comprising X% of total imports. The second position in the ranking was held by Mexico ($X), with a X% share of total imports. It was followed by Canada, with an X% share.

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

Import Prices by Country

The average medical furniture import price stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the import price saw a abrupt setback. The pace of growth appeared the most rapid in 2015 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

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 Germany ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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