In August 2020, the Swiss National Implant Registry SIRIS documented the implantation of 134,673 primary Total Hip Arthroplasties (THA). The male/female ratio and age have remained stable over this time. Implants are slightly more frequent in women (52.6%), and their mean age of 70.2 years is higher than in men (66.5 years). 66% of THA are implanted in patients over 65 years of age, of which 6.3% are older than 85 years. Patients younger than 55 constitute 12.3% of the recipients. Therefore, the Swiss hip replacement implants market is estimated to increase rapidly in the near future.
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Data Bridge Market Research analyzes that the Swiss Hip Replacement Implants Market is expected to grow at a CAGR of 10.5% in the forecast period of 2023 to 2030 and is expected to reach USD 98.92 million by 2030. In 2023, the total replacement implants segment is expected to dominate the market as the rising adoption of THA procedures, and more advanced technologies are available.
Government and Private Initiatives for Healthcare and Insurance Investments
Switzerland's universal health care system is highly decentralized, with the cantons, or states, playing a key role in its operation. The system is funded through enrollee premiums, taxes (mostly cantonal), social insurance contributions, and out-of-pocket payments. Residents are required to purchase insurance from private nonprofit insurers. Adults also pay yearly deductibles and coinsurance (with an annual cap) for all services. Coverage includes most physician visits, hospital care, pharmaceuticals, devices, home care, medical services in long-term care, and physiotherapy. Supplemental private insurance can be purchased for services not covered by mandatory health insurance to secure a greater choice of physicians and to obtain better hospital accommodations. Since health care is largely decentralized, the key entities for health system governance exist mainly at the cantonal level. Each canton has its elected minister of public health; a coordinating political body, the Swiss Conference of Cantonal Health Ministers, plays an important role.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2020-2016)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Product Type (Femoral Reconstruction, Acetabular Reconstruction, Hip Resurfacing, Revision Hip Implants, Bearing and Porous Metal Technologies, and Total Replacement Implants), Material (Ceramic-On-Cross-Linked Polyethylene, Ceramic-On-Polyethylene, Ceramic-On-Ceramic, Metal-On-Cross-Linked Polyethylene, and Others), End User (Orthopedic Clinics, Hospitals & Surgery Centers, and Others), Distribution Channel (Direct Sales, Third-Party Distributors, and Retail Sales)
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Countries Covered
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Switzerland
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Market Players Covered
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Atesos, B. Braun Melsungen AG, Conformis, Corin Group, DePuy Synthes Companies, DJO, LLC, Exactech, Inc., KYOCERA Medical Technologies, Inc., Mathys Ltd Bettlach, Medacta International, MicroPort Scientific Corporation, Smith & Nephew, Stryker, Symbios Orthopedie S.A., Waldemar Link GmbH & Co. KG, and Zimmer Biomet among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis
The Swiss hip replacement implants market is categorized into four notable segments such as product type, material, end user, and distribution channel.
Based on product type, the market is segmented into femoral reconstruction, acetabular reconstruction, hip resurfacing, revision hip implants, bearing and porous metal technologies, and total replacement implants. In 2023, the total replacement implants segment is expected to dominate the market with a 56.28% market share and is expected to reach USD 60.35 million by 2030, growing with the CAGR of 11.8% in the forecast period of 2023 to 2030, due to revision of implants.
In 2023, the material segment is expected to dominate the hip replacement implants market
In 2023, the ceramic-on-cross-linked polyethylene segment is expected to dominate the market as this type of material is widely popular, and patients are aware of this material.
Based on material, the market is segmented into ceramic-on-cross-linked polyethylene, ceramic-on-polyethylene, ceramic-on-ceramic, metal-on-cross-linked polyethylene, and others. In 2023, the ceramic-on-cross-linked polyethylene segment is expected to dominate the market with a market share of 58.92% and is expected to reach USD 65.74 million by 2030, growing with a CAGR of 12.4% in the forecast period of 2023 to 2030.
Based on end user, the market is segmented into orthopedic clinics, hospitals & surgery centers, and others. In 2023, the hospitals & surgery centers segment is expected to dominate the market with a market share of 69.08% and is expected to reach USD 69.45 million by 2030, growing with a CAGR of 10.7% in the forecast period of 2023 to 2030.
Based on distribution channel, the market is segmented into direct sales, third-party distributors, and retail sales. In 2023, the direct sales segment is expected to dominate the market with a market share of 62.62% and is expected to reach USD 64.93 million by 2030, growing with a CAGR of 11.2% in the forecast period of 2023 to 2030.
In 2023, the hospitals & surgery center segment is projected to hold the largest share of end user segment in the hip replacement implants market
In 2023, the hospitals & surgery center segment holds the maximum market share as a higher number of patients prefer to visit hospitals & surgery centers for different cases such as revision of implants, replacement of surgeries, and others. This segment is growing with a CAGR of 10.7% in the forecast period of 2023 to 2030.
Major Players
Data Bridge Market Research recognizes the following companies as the major hip replacement implant market players in the Swiss hip replacement implants market that include Atesos, B. Braun Melsungen AG, Conformis, Corin Group, DePuy Synthes Companies, DJO, LLC, Exactech, Inc., KYOCERA Medical Technologies, Inc., Mathys Ltd Bettlach, Medacta International, MicroPort Scientific Corporation, Smith & Nephew, Stryker, Symbios Orthopedie S.A., Waldemar Link GmbH & Co. KG, and Zimmer Biomet among others.
Market Developments
- In March 2022, DePuy Synthes Companies announced the acquisition of Cuptimize hip-spine analysis, that use to give surgeons an easy-to-use tool to better understand and address the impact of abnormal motion between the spine and pelvis. This acquisition has helped the company in business expansion.
- In August 2022, Exactech, Inc. announced the commercial launch of the novel total hip arthroplasty system which is named Spartan Stem and Logical Cup system. This product launch has helped the company in product portfolio expansion.
- In March 2022, Smith & Nephew exhibited its latest innovation for orthopedics reconstruction and robotics during the American Academy of Orthopedic Surgeons. This has helped the company to furnish correct knowledge about its products in the market.
- In August 2021, Zimmer Biomet, a global medical technology leader, today announced U.S. Food and Drug Administration (FDA) 510(k) clearance of the ROSA® Hip System for robotically-assisted direct anterior total hip replacement.
- In January 2021, Stryker announced the acquisition of OrthoSensor, a market player which applies digital technology and big data to total joint replacements. The acquisition would help the company to purchase the digital technologies of OrthoSensor for use in knee implant technologies.
Regional Analysis
Geographically, the country covered in the hip replacement implants market report is Switzerland.
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