U.S. Surgical And Medical Instrument Market. Analysis And Forecast to 2030
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View PricingPrice for Surgical and Medical Instrument in the United States - 2023
Contents:
- Price for Surgical and Medical Instrument in the United States (CIF) - 2023
- Price for Surgical and Medical Instrument in the United States (FOB) - 2022
- Imports of Surgical and Medical Instrument in the United States
- Exports of Surgical and Medical Instrument in the United States
Price for Surgical and Medical Instrument in the United States (CIF) - 2023
In August 2023, the average surgical and medical instrument import price amounted to $118K per ton, dropping by -2.6% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.8%. The growth pace was the most rapid in January 2023 when the average import price increased by 18% m-o-m. Over the period under review, average import prices attained the peak figure at $124K per ton in February 2023; however, from March 2023 to August 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($421K per ton), while the price for South Korea ($41,086 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Mexico (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Surgical and Medical Instrument in the United States (FOB) - 2022
In 2022, the average surgical and medical instrument export price amounted to $231,858 per ton, picking up by 4.7% against the previous year. In general, the export price, however, showed a significant decrease. The pace of growth appeared the most rapid in 2017 when the average export price increased by 15%. Over the period under review, the average export prices attained the maximum at $7,159,601 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
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 ($723,111 per ton), while the average price for exports to Denmark ($36,829 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (-12.9%), while the prices for the other major destinations experienced a decline.
Imports of Surgical and Medical Instrument in the United States
In 2022, the amount of surgical and medical instruments imported into the United States expanded notably to 223K tons, growing by 9.9% compared with the year before. Overall, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 5,353% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, surgical and medical instrument imports expanded significantly to $21.7B in 2022. The total import value increased at an average annual rate of +7.3% from 2019 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 with an increase of 14% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.
| Import of Surgical and Medical Instrument in the United States (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 5.0 | 4.9 | 5.9 | 6.6 | 9.7% |
| Costa Rica | 1.5 | 1.8 | 2.4 | 2.3 | 15.3% |
| Ireland | 1.8 | 1.6 | 1.7 | 2.0 | 3.6% |
| China | 1.2 | 1.9 | 1.9 | 1.9 | 16.6% |
| Germany | 1.7 | 1.4 | 1.6 | 1.6 | -2.0% |
| Dominican Republic | 0.7 | 0.7 | 0.7 | 0.9 | 8.7% |
| Japan | 0.7 | 0.6 | 0.7 | 0.7 | 0.0% |
| Israel | 0.6 | 0.6 | 0.5 | 0.6 | 0.0% |
| Malaysia | 0.2 | 0.2 | 0.3 | 0.4 | 26.0% |
| Taiwan (Chinese) | 0.2 | 0.3 | 0.3 | 0.3 | 14.5% |
| Hungary | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Others | 3.9 | 3.3 | 3.7 | 4.0 | 0.8% |
| Total | 17.6 | 17.4 | 19.9 | 21.7 | 7.2% |
Top Suppliers of Surgical and Medical Instrument to the United States in 2022:
- Mexico (77.5K tons)
- China (50.5K tons)
- Costa Rica (13.1K tons)
- Dominican Republic (10.3K tons)
- Ireland (9.9K tons)
- Malaysia (7.1K tons)
- Taiwan (Chinese) (6.1K tons)
- Japan (5.5K tons)
- Germany (5.0K tons)
- Israel (4.9K tons)
- Hungary (4.1K tons)
Exports of Surgical and Medical Instrument in the United States
For the fourth consecutive year, the United States recorded growth in overseas shipments of surgical and medical instruments, which increased by 2% to 89K tons in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 2,983% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, surgical and medical instrument exports rose sharply to $20.7B in 2022. The total export value increased at an average annual rate of +2.8% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 12%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Surgical and Medical Instrument in the United States (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 2.7 | 2.4 | 3.0 | 3.6 | 10.1% |
| Mexico | 2.0 | 2.0 | 2.3 | 2.6 | 9.1% |
| China | 1.9 | 1.6 | 1.9 | 2.0 | 1.7% |
| Canada | 1.3 | 1.3 | 1.6 | 1.7 | 9.4% |
| Belgium | 1.7 | 1.5 | 1.7 | 1.6 | -2.0% |
| Japan | 1.7 | 1.6 | 1.6 | 1.6 | -2.0% |
| Singapore | 0.7 | 0.6 | 0.6 | 0.5 | -10.6% |
| Costa Rica | 0.3 | 0.3 | 0.4 | 0.5 | 18.6% |
| Ireland | 0.4 | 0.4 | 0.5 | 0.5 | 7.7% |
| United Kingdom | 0.4 | 0.4 | 0.4 | 0.4 | 0.0% |
| Brazil | 0.4 | 0.2 | 0.3 | 0.3 | -9.1% |
| Dominican Republic | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| Denmark | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Others | 5.3 | 4.7 | 4.9 | 5.2 | -0.6% |
| Total | 19.1 | 17.4 | 19.4 | 20.7 | 2.7% |
Top Export Markets for Surgical and Medical Instrument from the United States in 2022:
- Mexico (27.5K tons)
- Costa Rica (7.9K tons)
- Netherlands (7.7K tons)
- Dominican Republic (6.0K tons)
- Belgium (5.3K tons)
- China (5.2K tons)
- Singapore (3.3K tons)
- Canada (3.1K tons)
- United Kingdom (2.1K tons)
- Japan (2.1K tons)
- Ireland (1.9K tons)
- Brazil (1.7K tons)
- Denmark (1.5K tons)
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 2030.
Product coverage:
- NAICS 339112 - Surgical and medical instrument manufacturing
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:
- 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
-
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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