Northern America: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in Northern America

The North American ophthalmic instruments market was estimated at $X in 2023, surging by X% against the previous year. Overall, consumption saw a strong increase. Over the period under review, the market attained the peak level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Ophthalmic Instruments Production in Northern America

In value terms, ophthalmic instruments production stood at $X in 2023 estimated in export price. Over the period under review, production enjoyed a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Ophthalmic Instruments Exports

Exports in Northern America

In 2023, overseas shipments of ophthalmic instruments and appliances were finally on the rise to reach X units for the first time since 2019, thus ending a three-year declining trend. Overall, exports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2023, the growth of the exports remained at a lower figure.

In value terms, ophthalmic instruments exports rose notably to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Exports by Country

The United States prevails in exports structure, accounting for X units, which was near X% of total exports in 2023. Canada (X units) followed a long way behind the leaders.

Exports from the United States decreased at an average annual rate of X% from 2012 to 2023. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of X% from 2012-2023. Canada (X p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the United States ($X) remains the largest ophthalmic instruments supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

In the United States, ophthalmic instruments exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2023, rising by X% against the previous year. Overall, the export price posted strong growth. The growth pace was the most rapid in 2020 an increase of X%. The level of export peaked in 2023 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per unit), while Canada totaled $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).

Ophthalmic Instruments Imports

Imports in Northern America

Ophthalmic instruments imports amounted to X units in 2023, increasing by X% on the previous year. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked at X units in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, ophthalmic instruments imports expanded slightly to $X in 2023. Total imports indicated prominent growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the near future.

Imports by Country

The United States represented the main importing country with an import of around X units, which finished at X% of total imports. It was distantly followed by Canada (X units), comprising a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Canada (with a CAGR of X%).

In value terms, the United States ($X) constitutes the largest market for imported ophthalmic instruments and appliances in Northern America, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in the United States totaled X%.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2023, leveling off at the previous year. In general, the import price, however, saw strong growth. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of import peaked at $X per unit in 2021; however, from 2022 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per unit), while Canada amounted to $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform