The import of artificial joints to the US has seen a consistent increase from 2013, when it stood at 1.4992 billion USD, reaching 3.3421 billion USD by 2023. Growth has been particularly strong between 2013 and 2018, with a CAGR as high as 24.16% at its peak in 2014. Recent years have shown more moderated growth, with the year-on-year variation from 2021 to 2023 at around 4.2% and a corresponding 5-year CAGR at 4.02%. Forecasted data from 2024 onwards indicates a continued, albeit slower, growth rate with a forecasted 5-year CAGR of 2.75% through 2028.
Future trends to watch for include:
- Advancements in medical technology improving the quality and durability of artificial joints, possibly boosting demand.
- Aging population trends driving sustained import growth.
- Potential impacts of healthcare policy changes on import dynamics.