Artificial Joint Market - The Global Artificial Joints Exports Growth Lost Its Momentum

Medical And Dental Instruments October 24, 2016
Author: Maria Fadeeva
Market Analyst

artificial joint market

Photo: © Michel Loiselle / Bigstockphoto

From 2007 to 2014, global exports of artificial joints for orthopedic purposes showed steady growth, increasing more than twofold over that period. However, it flattened in the last year, amounting to 8,253 million USD in 2015. There was an annual increase of 9.5% throughout the analyzed period.

USA continued its dominance in the global supplies of artificial joints for orthopedic purposes. In 2015, exports of artificial joints for orthopedic purposes from USA totaled 1,655 million USD, which accounted for a 20% share of global exports. Belgium, Germany, Ireland, and Switzerland were the other key global suppliers of artificial joints for orthopedic purposes in 2015, with a 55% combined share of global exports.

Belgium (+45.1% per year) and Germany (+13.3% per year) were the fastest growing exporters on the global artificial joint market from 2007 to 2015. Belgium significantly strengthened its position in the global export structure, growing its share from 2% in 2007 to 17% in 2015.

On the other hand, USA (22%, based on value terms), Germany (10%), France (7%), Belgium (7%), and the UK (6%) were the leading destinations of imports of artificial joints for orthopedic purposes in 2015. Imports to Belgium grew at a rapid pace of +20.9% per year from 2007 to 2015. By contrast, the UK contracted its share of imports by -4 percentage points over the same period. Meanwhile, Belgium's share of global imports increased by +4 percentage points.

Global Exports of Artificial Joints for Orthopedic Purposes

Key Exporting Countries of Artificial Joints for Orthopedic Purposes

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Source: World: Artificial Joints For Orthopedic Purposes - Market Report. Analysis and Forecast to 2020