Latest Report Update: Jul 4, 2020

U.S. Surgical And Medical Instrument Market. Analysis And Forecast to 2025
Update: COVID-19 Impact

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U.S.: Overview of the Market for Surgical And Medical Instruments 2020

Market Size for Surgical And Medical Instruments in the U.S.

In 2019, after six years of growth, there was decline in the U.S. surgical and medical instrument market, when its value decreased by -X% to $X. The market value increased at an average annual rate of +X% from 2013 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2018, and then reduced slightly in the following year.

Production of Surgical And Medical Instruments in the U.S.

In value terms, surgical and medical instrument production totaled $X in 2019. The total output value increased at an average annual rate of +X% over the period from 2013 to 2019; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Surgical and medical instrument production peaked in 2019 and is expected to retain growth in years to come.

Exports of Surgical And Medical Instruments

Exports from the U.S.

In 2019, overseas shipments of surgical and medical instruments decreased by -X% to X tonnes for the first time since 2016, thus ending a two-year rising trend. Over the period under review, exports continue to indicate a mild shrinkage. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at X tonnes in 2013; however, from 2014 to 2019, exports remained at a lower figure.

In value terms, surgical and medical instrument exports contracted markedly to $X in 2019. In general, exports faced a sharp slump. The pace of growth appeared the most rapid in 2018 when exports increased by X% y-o-y. As a result, exports attained the peak of $X, and then reduced markedly in the following year.

Exports by Country

Belgium (X tonnes), Canada (X tonnes) and Mexico (X tonnes) were the main destinations of surgical and medical instrument exports from the U.S., together comprising X% of total exports. Singapore, India, the Netherlands, Germany, Brazil, Japan, China, the UK and South Korea lagged somewhat behind, together comprising a further X 2013 to 2019, the biggest increases were in the UK, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) emerged as the key foreign market for surgical and medical instrument exports from the U.S., comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2013 to 2019, the average annual growth rate of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-X% per year) and Japan (-X% per year).

Export Prices by Country

In 2019, the average surgical and medical instrument export price amounted to $X per tonne, which is down by -X% against the previous year. In general, the export price recorded a significant decline. The pace of growth was the most pronounced in 2014 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2018, and then contracted sharply in the following year.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Canada ($X per tonne), while the average price for exports to Belgium ($X per tonne) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Canada, while the prices for the other major destinations experienced a decline.

Imports of Surgical And Medical Instruments

Imports into the U.S.

In 2019, purchases abroad of surgical and medical instruments decreased by -X% to X tonnes for the first time since 2012, thus ending a six-year rising trend. In general, total imports indicated a remarkable increase from 2013 to 2019: its volume increased at an average annual rate of +X% over the last six years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at X tonnes in 2018, and then reduced in the following year.

In value terms, surgical and medical instrument imports expanded remarkably to $X in 2019. Overall, total imports indicated a remarkable increase from 2013 to 2019: its value increased at an average annual rate of +X% over the last six years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2013 indices. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, imports attained the maximum in 2019 and are expected to retain growth in years to come.

Imports by Country

In 2019, China (X tonnes) constituted the largest surgical and medical instrument supplier to the U.S., accounting for a X% share of total imports. Moreover, surgical and medical instrument imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tonnes), fivefold. The third position in this ranking was occupied by South Korea (X tonnes), with a X% share.

From 2013 to 2019, the average annual rate of growth in terms of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and South Korea (-X% per year).

In value terms, Mexico ($X) constituted the largest supplier of surgical and medical instrument to the U.S., comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2013 to 2019, the average annual rate of growth in terms of value from Mexico amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and China (+X% per year).

Import Prices by Country

In 2019, the average surgical and medical instrument import price amounted to $X per tonne, picking up by X% against the previous year. Over the last six-year period, it increased at an average annual rate of +X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Mexico ($X per tonne), while the price for the Philippines ($X per tonne) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by the Philippines, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of surgical and medical instruments to the U.S.?
+
In value terms, Mexico ($5B) constituted the largest supplier of surgical and medical instrument to the U.S., comprising 29% of total imports. The second position in the ranking was occupied by Germany ($1.7B), with a 9.4% share of total imports. It was followed by China, with a 7% share.
What are the leading importers of surgical and medical instruments from the U.S.?
+
In value terms, Canada ($1.3B) emerged as the key foreign market for surgical and medical instrument exports from the U.S., comprising 77% of total exports. The second position in the ranking was occupied by Germany ($22M), with a 1.3% share of total exports. It was followed by Japan, with a 0.5% share.
What is the average export price for surgical and medical instruments in the U.S.?
+
In 2019, the average surgical and medical instrument export price amounted to $647 per tonne, shrinking by -90.7% against the previous year.
What is the average import price for surgical and medical instruments in the U.S.?
+
In 2019, the average surgical and medical instrument import price amounted to $5,790 per tonne, rising by 21% against the previous year.

Product coverage:
• NAICS 339112 - Surgical and medical instrument manufacturing

This report provides an in-depth analysis of the market for surgical and medical instrument 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 2025.


Companies mentioned:
• Stryker Corporation
• 3M Company
• Boston Scientific Corporation
• C. R. Bard
• Becton
• Dickinson and Company
• Medline Industries
• Carefusion Corporation
• Synthes
• Beckman Coulter
• Abbott Medical Optics
• Teleflex Incorporated
• Nuvasive
• Intuitive Surgical
• Haemonetics Corporation
• B. Braun Medical
• Resmed Inc.
• Convatec
• Vention Medical
• Tecomet
• Baxter Healthcare Corporation
• Acelity L.P.
• Alcon Laboratories
• Mallinckrodt
• Integra Lifesciences Holdings Corporation
• Hill-Rom Holdings
• Francis W Lavelle
• Medtronic Usa
• Accellent Holdings Corp.
• Guidant Sales
• Fresenius Medical Care Holdings

Country coverage:
• USA

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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2013–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2013–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2013–2019
Table 3:
Market Value, 2013–2019
Table 4:
Per Capita Consumption In 2013–2019
Table 5:
Imports, In Physical Terms, By Country, 2013–2019
Table 6:
Imports, In Value Terms, By Country, 2013–2019
Table 7:
Import Prices, By Country Of Origin, 2013–2019
Table 8:
Exports, In Physical Terms, By Country, 2013–2019
Table 9:
Exports, In Value Terms, By Country, 2013–2019
Table 10:
Export Prices, By Country Of Destination, 2013–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2013–2019
Figure 2:
Market Value, 2013–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2013–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2013–2019
Figure 5:
Trade Balance, In Physical Terms, 2013–2019
Figure 6:
Trade Balance, In Value Terms, 2013–2019
Figure 7:
Per Capita Consumption, 2013–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2013–2019
Figure 21:
Production, In Value Terms, 2013–2019
Figure 22:
Imports, In Physical Terms, 2013–2019
Figure 23:
Imports, In Value Terms, 2013–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2013–2019
Figure 26:
Imports, In Value Terms, By Country, 2013–2019
Figure 27:
Import Prices, By Country Of Origin, 2013–2019
Figure 28:
Exports, In Physical Terms, 2013–2019
Figure 29:
Exports, In Value Terms, 2013–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2013–2019
Figure 32:
Exports, In Value Terms, By Country, 2013–2019
Figure 33:
Export Prices, By Country Of Destination, 2013–2019

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