Switzerland: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in Switzerland

In 2022, the Swiss orthopedic prosthetics market increased by 63% to $X, rising for the second year in a row after two years of decline. Overall, consumption enjoyed a prominent expansion. Orthopedic prosthetics consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Orthopedic Prosthetics Production in Switzerland

In value terms, orthopedic prosthetics production reduced to $X in 2022 estimated in export price. In general, production, however, showed a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of 23% against the previous year. Orthopedic prosthetics production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Orthopedic Prosthetics Exports

Exports from Switzerland

In 2022, overseas shipments of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) decreased by -32.3% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports showed a pronounced downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 45% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, orthopedic prosthetics exports declined to $X in 2022. In general, total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +35.1% against 2018 indices. The growth pace was the most rapid in 2021 with an increase of 47%. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

China (X units), Germany (X units) and France (X units) were the main destinations of orthopedic prosthetics exports from Switzerland, with a combined 53% share of total exports. Hong Kong SAR, Japan, the Netherlands, South Korea, Italy, the UK, Poland, Belgium, India and Austria lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +53.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) exports from Switzerland, comprising 40% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 13% share of total exports. It was followed by Germany, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled +35.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+73.2% per year) and Germany (-7.7% per year).

Export Prices by Country

In 2022, the average orthopedic prosthetics export price amounted to $X per unit, increasing by 35% against the previous year. Over the period under review, the export price showed strong growth. The most prominent rate of growth was recorded in 2019 an increase of 37%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.

Orthopedic Prosthetics Imports

Imports into Switzerland

In 2022, supplies from abroad of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) increased by 25% to X units, rising for the third consecutive year after five years of decline. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 137% against the previous year. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, orthopedic prosthetics imports contracted to $X in 2022. Over the period under review, imports, however, recorded a pronounced decrease. The growth pace was the most rapid in 2021 when imports increased by 18% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest orthopedic prosthetics supplier to Switzerland, with a 45% share of total imports. Moreover, orthopedic prosthetics imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The Netherlands (X units) ranked third in terms of total imports with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.7% per year) and the Netherlands (-7.1% per year).

In value terms, the United States ($X) constituted the largest supplier of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) to Switzerland, comprising 48% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 14% share of total imports. It was followed by Germany, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-7.6% per year) and Germany (-0.8% per year).

Import Prices by Country

In 2022, the average orthopedic prosthetics import price amounted to $X per unit, declining by -25.4% against the previous year. Overall, the import price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2016 an increase of 77%. Over the period under review, average import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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