As of 2023, the US importation of orthopaedic appliances was approximately $15.63 billion. From 2024 to 2028, forecast data suggests a consistent growth pattern, with values reaching an estimated $17.951 billion by 2028. Year-on-year increases reveal modest growth, averaging around 2.5% annually. This steady climb indicates a compounded annual growth rate (CAGR) over the five-year span.
Future trends to watch for include:
- Technological advancements driving demand for specialized orthopaedic solutions.
- Increasing aging population contributing to higher consumption of orthopaedic products.
- Potential policy changes impacting import tariffs or health regulations.
- Emerging markets as new suppliers and potential shifts in global manufacturing hubs.