Top Artificial Joints Exporters by Country

Knee joint xrays

Knee joint xrays

As the massive cohort of baby boomers continues to age, the number of artificial knee, hip, ankle and other joint replacement surgeries is accelerating at a steady pace.

Exported artificial joints by country totaled US$8.3 billion in 2015, up by 25.4% for all artificial joints producers over the five-year period starting in 2011. Year over year, the value of global artificial joints exports was roughly the same in 2015 as in 2014.

Among continents, European countries accounted for the highest dollar worth of exported artificial joints during 2015 with shipments valued at $6.4 billion or 77.2% of global exports.

In second place were North American exporters at 20.2% while 2.4% of worldwide artificial joints shipments originated from Asia.

Artificial joints for orthopedic purposes are classified under 902131, the 6-digit Harmonized Tariff System code prefix.

Top Artificial Joints Exporters by Country

Countries

Below are the 15 countries that exported the highest dollar value worth of artificial joints during 2015:

  1. United States: US$1.7 billion (20% of total exported artificial joints)
  2. Belgium: $1.4 billion (17%)
  3. Germany: $1.3 billion (15.8%)
  4. Ireland: $961.9 million (11.7%)
  5. Switzerland: $857.2 million (10.4%)
  6. Netherlands: $609.6 million (7.4%)
  7. France: $567.7 million (6.9%)
  8. United Kingdom: $322.7 million (3.9%)
  9. Italy: $148.7 million (1.8%)
  10. China: $85.6 million (1%)
  11. Sweden: $50.6 million (0.61%)
  12. Singapore: $46.9 million (0.57%)
  13. Iceland: $31.4 million (0.38%)
  14. Austria: $28.9 million (0.35%)
  15. Taiwan: $27.4 million (0.33%)

The listed 15 countries shipped 98.2% of all artificial joints exports in 2015 (by value).

Among the above countries, the fastest-growing artificial joints exporters since 2011 were: Singapore (up 48,702%), Ireland (up 199.5%), Netherlands (up 121.1%) and Taiwan (up 91.7%).

Four countries posted declines in their exported artificial joints sales: Iceland (down -20.1%), Austria (down -16.8%), United Kingdom (down -15.9%) and France (down -2.5%).

Advantages

The following countries posted the highest positive net exports for artificial joints during 2015. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the surplus between the value of each country’s exported artificial joints and its import purchases for that same commodity.

  1. Ireland: US$866.2 million (net export surplus up 266.7% since 2011)
  2. Belgium: $862.4 million (up 19.1%)
  3. Germany: $504.7 million (up 73.8%)
  4. Switzerland: $464.2 million (up 2.6%)
  5. Netherlands: $180.7 million (down -182.9%)
  6. Iceland: $28.6 million (down -21.2%)
  7. Singapore: $7.2 million (down -274.8%)
  8. Taiwan: $597,000 (down -106.6%)
  9. Lithuania: $567,000 (down -112.3%)
  10. Mauritania: $136,000 (up from nil)
  11. Malaysia: $46,000 (down -100.4%)
  12. Mauritius: $16,000 (down -127.6%)
  13. Gabon: $7,000 (up 40%)

Ireland has the highest surplus in the international trade of artificial joints. In turn, this positive cashflow confirms Ireland’s strong competitive advantage for this specific product category.

Opportunities

The following countries posted the highest negative net exports for artificial joints during 2015. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the deficit between the value of each country’s imported artificial joints purchases and its exports for that same commodity.

  1. United States: -US$1.7 billion (net export deficit up 24% since 2011)
  2. Russia: -$902.9 million (up 28.3%)
  3. Japan: -$811.4 million (down -4.6%)
  4. China: -$808.2 million (up 236%)
  5. United Kingdom: -$806.7 million (up 9.3%)
  6. Germany: -$752.4 million (up 52.1%)
  7. Italy: -$482.2 million (up 12%)
  8. Canada: -$426.9 million (up 20.4%)
  9. Japan: -$378.8 million (down -10.5%)
  10. South Korea: -$320.7 million (up 52.5%)
  11. Australia: -$300.4 million (up 23%)
  12. China: -$242.4 million (up 204.3%)
  13. Canada: -$168.2 million (down -2.1%)
  14. Italy: -$156.5 million (down -4.2%)
  15. Spain: -$150.3 million (up 38.7%)

United States incurred the highest deficit in the international trade of artificial joints. In turn, this negative cashflow highlights America’s strong competitive disadvantage for this specific product category but also signals opportunities for artificial joints-supplying countries that help satisfy the powerful demand.

Companies

Artificial Joints Exporting Companies

Below are artificial joints-manufacturing conglomerates headquartered in the United States. They are presented in order of greatest market capitalization, according to Morningstar’s analysis of industry peers.

  • Stryker Corp
  • Abbott Laboratories
  • Boston Scientific
  • Intuitive Surgical Inc
  • Zimmer Biomet Holdings Inc
  • Edwards Lifesciences Corp
  • St Jude Medical Inc
  • Smith & Nephew PLC
  • Varian Medical Systems Inc
  • Sonova Holding AG

According to global trading platform Alibaba, the following are examples of exporters that supply artificial joints. The home-country location for each business is shown within parentheses:

  • Shijiazhuang City Huirong Stainless Steel Products (China)
  • Daiya Industry Co Ltd (Japan)
  • Standard Steel (India)
  • Medimsa Medical Production Industry (Turkey)
  • DOO Ortopedija Nis (Serbia)
  • Biomecanica Orthopedic Industry Ltd (Brazil)


 

See also Top Industrial Robots Exporters, Electronic Circuit Component Exports by Country and Heart Pacemaker Export Sales by Country.

Research Sources:
The World Factbook, Field Listing: Exports – Commodities, Central Intelligence Agency. Accessed on October 20, 2016

Trade Map, International Trade Centre. Accessed on October 20, 2016

Investopedia, Net Exports Definition. Accessed on October 20, 2016

Morningstar, Industry Peers for Stryker Corp. Accessed on October 20, 2016

Alibaba, Supplier showroom for artificial joints. Accessed on October 20, 2016