Switzerland: Orthopedic Artificial Joints Market 2024

Orthopedic Artificial Joints Market Size in Switzerland

The Swiss orthopedic artificial joints market soared to $X in 2022, with an increase of 74% against the previous year. Over the period under review, consumption, however, enjoyed a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Orthopedic Artificial Joints Production in Switzerland

In value terms, orthopedic artificial joints production surged to $X in 2022 estimated in export price. In general, production, however, saw a abrupt downturn. Orthopedic artificial joints production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Orthopedic Artificial Joints Exports

Exports from Switzerland

In 2022, the amount of artificial joints for orthopedic purposes exported from Switzerland surged to X units, increasing by 146% against 2021. In general, exports showed a modest increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, orthopedic artificial joints exports surged to $X in 2022. Over the period under review, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +22.8% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X units) was the main destination for orthopedic artificial joints exports from Switzerland, with a 53% share of total exports. Moreover, orthopedic artificial joints exports to the Netherlands exceeded the volume sent to the second major destination, France (X units), sixfold. Germany (X units) ranked third in terms of total exports with a 7.9% share.

From 2020 to 2022, the average annual rate of growth in terms of volume to the Netherlands stood at +26.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-26.7% per year) and Germany (-8.7% per year).

In value terms, the Netherlands ($X) remains the key foreign market for artificial joints for orthopedic purposes exports from Switzerland, comprising 50% of total exports. The second position in the ranking was held by the United States ($X), with an 11% share of total exports. It was followed by France, with an 8.4% share.

From 2020 to 2022, the average annual growth rate of value to the Netherlands amounted to +77.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+22.3% per year) and France (+2.7% per year).

Export Prices by Country

The average orthopedic artificial joints export price stood at $X per unit in 2022, falling by -53% against the previous year. Over the period under review, the export price, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 156% against the previous year. As a result, the export price attained the peak level of $X per unit, and then reduced markedly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Austria ($X per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+40.1%), while the prices for the other major destinations experienced more modest paces of growth.

Orthopedic Artificial Joints Imports

Imports into Switzerland

In 2022, after ten years of growth, there was significant decline in purchases abroad of artificial joints for orthopedic purposes, when their volume decreased by -95.4% to X units. Over the period under review, imports faced a precipitous setback. The pace of growth appeared the most rapid in 2021 when imports increased by 1,160%. As a result, imports attained the peak of X units, and then plummeted in the following year.

In value terms, orthopedic artificial joints imports reached $X in 2022. The total import value increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by 24%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of orthopedic artificial joints to Switzerland, with a 42% share of total imports. Moreover, orthopedic artificial joints imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. France (X units) ranked third in terms of total imports with a 16% share.

From 2020 to 2022, the average annual rate of growth in terms of volume from Germany amounted to -27.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-8.1% per year) and France (-24.6% per year).

In value terms, Germany ($X) constituted the largest supplier of artificial joints for orthopedic purposes to Switzerland, comprising 42% of total imports. The second position in the ranking was held by Italy ($X), with a 19% share of total imports. It was followed by France, with a 16% share.

From 2020 to 2022, the average annual growth rate of value from Germany amounted to +34.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+69.2% per year) and France (+38.7% per year).

Import Prices by Country

The average orthopedic artificial joints import price stood at $X per unit in 2022, jumping by 2,108% against the previous year. Overall, the import price posted a significant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per unit) and Germany ($X per unit), while the price for the UK ($X per unit) and Belgium ($X per unit) were amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+84.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :