Swiss Hip Replacement Implants Market to Observe Prominent CAGR Growth of 10.5% by 2030
Swiss Hip Replacement Implants Market report is an excellent report that makes it possible to the HEALTHCARE industry to take strategic decisions and achieve growth objectives. HEALTHCARE industry can be highly benefited with this market research report which brings market and competitive landscape clearly into the focus and help make better decisions. In this business document, market segmentation has also been performed in detail based on various parameters that include applications, verticals, deployment model, end user, and geography. Expert solutions combined with potential capabilities make Swiss Hip Replacement Implants Market survey report outperforming for the HEALTHCARE industry.
Data models employed for the research methodology are vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. Not to mention, the data is collected only from the dependable sources such as journals, newspapers, company websites and annual reports of the companies on which HEALTHCARE industry can rely confidently. Businesses are highly relying on the different segments covered in Swiss Hip Replacement Implants Market research report which gives better insights to drive the business into right direction.
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 implant market is expected to reach a value of USD 98.92 million by 2030, at a CAGR of 10.5% during the forecast period. Product type accounts for the largest segment in the Swiss hip replacement implants market.
Market Overview:
Hip replacement is a surgical procedure in which the hip joint is replaced by a prosthetic implant, that is, a hip prosthesis. Hip replacement surgery can be performed as a total replacement or a semi-replacement.
Hip implants are medical devices intended to restore mobility and relieve pain usually associated with arthritis and other hip diseases or injuries. Every hip implant has benefits and risks. Every hip implant system has unique device design features such as size, shape, material, and dimensions. In addition, the same hip implant system may have different outcomes in different patients. There are several factors that may influence the outcome and longevity of a hip implant including the device design features, surgeon experience and implantation technique, and individual patient characteristics such as age, sex, weight, activity level, and overall health.
DRIVERS
- A rise in the prevalence of hip arthritis
One of the most common crippling joint conditions, arthritis, causes harm to the articular cartilage, subchondral bone, and synovium, among other joint components. With considerable effects on those affected, healthcare systems, and large socioeconomic consequences, arthritis is a major public health concern. Even though arthritis can affect any joint, the hip accounts for a significant amount of the disease burden. Hip arthritis can eventually result in joint failure and necessitate surgical replacement. Hip arthritis is the deterioration of the cartilage of the hip joint. The hip is a ball-and-socket joint with the ball at the top of the thighbone (the femoral head). The ball is separated from the socket (the acetabulum) by cartilage.
Thus, the rise in the prevalence of hip arthritis in Switzerland is expected to drive market growth.
- 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 non-profit 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.
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.
Fundamental Aim of this Market Report
- Factors influencing This Market Size and growth rate.
- Major alterations to this market in the near future.
- Notable Market rivals around the world.
- Future Scope and Product Outlook
- Future-promising emerging markets.
- The Market Presents Difficult Challenges and Threats.
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.
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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.
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.
Key highlights of this Market report:
- Growth rate
- Remuneration prediction
- Consumption graph
- Market concentration ratio
- Secondary industry competitors
- Competitive structure
- Major restraints
- Market drivers
- Regional bifurcation
- Competitive hierarchy
- Current market tendencies
- Market concentration analysis
What benefits does the DBMR study is going to provide?
- Latest industry influencing trends and development scenario
- Open up New Markets
- To Seize powerful market opportunities
- Key decision in planning and to further expand market share
- Identify Key Business Segments, Market proposition & Gap Analysis
- Assisting in allocating marketing investments
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW OF THE SWISS HIP REPLACEMENT IMPLANTS MARKET
1.4 LIMITATIONS
1.5 MARKETS COVERED
2 MARKET SEGMENTATION
2.1 MARKETS COVERED
2.2 GEOGRAPHICAL SCOPE
2.3 YEARS CONSIDERED FOR THE STUDY
2.4 CURRENCY AND PRICING
2.5 DBMR TRIPOD DATA VALIDATION MODEL
2.6 MULTIVARIATE MODELLING
2.7 PRODUCT TYPE LIFELINE CURVE
2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS
2.9 DBMR MARKET POSITION GRID
2.1 MARKET END USER COVERAGE GRID
2.11 VENDOR SHARE ANALYSIS
2.12 SECONDARY SOURCES
2.13 ASSUMPTIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 PESTEL ANALYSIS
4.2 PORTER’S FIVE FORCES MODEL
4.3 3D HIP MARKET & NAVIGATION/COMPUTERIZED SURGERY
5 EUROPE HIP REPLACEMENT IMPLANTS MARKET
5.1 OVERVIEW
5.2 EXECUTIVE SUMMARY
5.3 REGULATIONS
6 MARKET OVERVIEW
Continued…
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Key Benefits of the Report:
- This study presents the analytical depiction of this industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of this market share.
- The current market is quantitatively analyzed to highlight the market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed this industry analysis based on competitive intensity and how the competition will take shape in the coming years.
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