Which Country Exports the Most Orthopedic Artificial Joints in the World?

Medical And Dental Instruments May 28, 2018
Author: Anna Sergeeva
Market Analyst

Global orthopedic prosthetics exports totaled 142K tonnes in 2016, growing by 9% against the previous year level. Overall, orthopedic prosthetics exports continue to indicate a strong growth. The most prominent rate of growth was recorded in 2014, when export increased by 18% against the previous year level. Over the period under review, global orthopedic prosthetics exports reached its maximum volume in 2016, and are expected to retain its growth in the near future.

In value terms, orthopedic prosthetics exports totaled $51B in 2016. The total export value increased at an average annual rate of +5.5% from 2007 to 2016; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. Over the period under review, global orthopedic prosthetics exports reached its maximum level of $51B in 2014; afterwards, it flattened through to 2016.

Top Orthopedic Prosthetics Exporting Countries in the World

1. Netherlands (6.5 billion USD)

2. Switzerland (6.1 billion USD)

3. Germany (5.6 billion USD)

4. Ireland (5.4 billion USD)

5. Belgium (3.9 billion USD)

6. France (2.6 billion USD)

7. China (1.4 billion USD)

8. United Kingdom (1.2 billion USD)

9. Mexico (1.0 billion USD)

Orthopedic Prosthetics Exports By Country

In 2016, China (48K tonnes) was the key exporter for orthopedic prosthetics, mixed up 34% of total exports. It was distantly followed by Mexico (16K tonnes), the Netherlands (14K tonnes), Belgium (14K tonnes), France (8.5K tonnes), and Germany (7.7K tonnes), together committing 43% share of total orthopedic prosthetics exports. The following exporters - the UK (4K tonnes), Ireland (3.8K tonnes), and Switzerland (3.3K tonnes) together made up 8% of total exports.

Exports from China increased at an average annual rate of +15.7% from 2007 to 2016. At the same time, Belgium (+21.4%), the Netherlands (+18.1%), Mexico (+8.3%), Germany (+7.8%), France (+6.3%), and Switzerland (+4.3%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest growing importer/exporter in the world, with a CAGR of +21.4% from 2007-2016. Ireland, and the UK experienced a relatively flat trend pattern. From 2007 to 2016, the share of France, Germany, Mexico, the Netherlands, Belgium, and China decreased by -2.5%, -2.7%, -5.8%, -7.9%, -8.3%, and -24.8% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest orthopedic prosthetics markets worldwide were the Netherlands ($6.5B), Switzerland ($6.1B) and Germany ($5.6B), together accounting for 35% of global exports. These countries were followed by Ireland, Belgium, France, China, the UK and Mexico, which together accounted for a further 30%.

China (+16.9% per year) recorded the highest rates of growth with regard to the orthopedic prosthetics exports, among the main exporting countries, over the last 9 year period, while the other global leaders experienced more modest paces of growth.

Orthopedic Prosthetics Export Prices By Country

In 2016, the average export price for orthopedic prosthetics amounted to $362 per kg, coming down by -5.4% against the previous year. In general, orthopedic prosthetics export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2008, when export increased by 5% against the previous year level. Global orthopedic prosthetics export peaked of $565 per kg in 2010; however, from 2011 to 2016, it stood at a somewhat lower level.

Export prices varied noticeably by country of destination. the country with the highest export prices was Switzerland ($1.8K per kg), while China ($29 per kg) was among the lowest.

From 2007 to 2016, the most notable growth rate of orthopedic prosthetics export prices was attained by Ireland (+5.7% per year), while the other global leaders experienced more modest paces of growth.

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  • orthopedic prosthetics sales
  • orthopedic prosthetics import
  • orthopedic prosthetics export
  • orthopedic prosthetics market forecast
  • orthopedic prosthetics price forecast
  • key orthopedic prosthetics producers

All data provided in this article covers the following product: HS Code 9021 - Orthopaedic appliances; including crutches, surgical belts and trusses; splints and other fracture appliances; artificial parts of the body; hearing aids and other which are worn, carried or implanted in the body to compensate for a defect or disability.

Source: World: Artificial Joints For Orthopedic Purposes - Market Report. Analysis and Forecast to 2025