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According to a new series of reports on the European markets for orthopedic large joint devices by iData Research (www.idataresearch.com), there is a shift in the hip replacement market towards hybrid and cementless devices. A cementless component, also known as press-fit, carries a higher price tag than a cemented one. Similarly, ceramic is more expensive than metal and its increased usage will drive market prices. These shifts will maintain pricing on implants, which are otherwise under governmental pressure to decrease. The €1 billion hip replacement market represents over half of the total large joint orthopedic market.
“The largest segment in the large joint orthopedic market is the hip replacement device segment which is expected to grow over the forecast period,” explains Dr. Kamran Zamanian, CEO of iData. “The market will be driven by growth in the revision segment, which has the most expensive products in the hip reconstruction market.”
The second largest market in Europe is the knee replacement device market. Demand for primary knee replacement is expected to remain strong. Germany accounted for the greatest number of knee replacement unit sales due to the size of its population. France and the U.K. had the second and third highest unit sales respectively. Though the population of Italy is similar to that of France and the U.K., its smaller economy hampers overall unit sales. However, unit sales growth is the fastest in Italy due to Italy’s economic recovery allowing for more knee replacements to be performed. Most countries experienced an average selling price decline in 2015 because they seek to reduce implant prices to help manage government spending, rather than only reducing procedure numbers.
Zimmer Biomet is the leading competitor in the European large joint replacement market. Zimmer Biomet sells hip and knee replacements as well as bone cement. Their knee offerings include the Vanguard® Complete Knee, Oxford Partial Knee and Vanguard® 360 Revision Knee and E1 Antioxidant Infused bearing. Similarly, DePuy Synthes possesses market share and an extensive portfolio in all the large joint market segments. DePuy Synthes has a very strong presence in the overall orthopedic market, particularly within trauma. This provides the company a strong brand and the ability to familiarize in-training surgeons with their products.
Heraeus leads the bone cement market in Europe. Hip and knee manufacturers that do not sell their own bone cement will often purchase from Heraeus, rather than through competitors such as Zimmer Biomet or DePuy Synthes. Other notable competitors in the market include Smith & Nephew, Aesculap, Tornier, Link, Lima, Amplitude, Exactech, Mathys, DJO Global, Corin and Gruppo Bioimpianti. There is a lot of regional variation in market share in Europe. Typically manufactures perform best in their home countries. Examples of this include Amplitude and Tornier in France, Lima in Italy, Aesculap in Germany and Mathys in Switzerland.
For Further Information
More on the orthopedic large joint market in Europe can be found in a series of reports published by iData Research entitled the European Market Report Suite for Orthopedic Large Joint Devices. The suite covers reports on the following markets: Knee Replacement Devices, Hip Replacement Devices and Bone Cements.
The iData report series on orthopedic large joint devices covers the U.S., China, India, Japan, Australia, South Korea, Brazil and 15 countries in Europe including Austria, Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and the United Kingdom. Reports provide a comprehensive analysis including units sold, procedure numbers, market value, forecasts, as well as detailed competitive market shares and analysis of major players’ success strategies in each market and segment. To find out more about orthopedic large joint devices market data or procedure data, register online or email us at [email protected] for a European Market Report Suite for Orthopedic Large Joint Devices brochure and synopsis.
About iData Research
iData Research (www.idataresearch.com) is an international market research and consulting group focused on providing market intelligence for medical device and pharmaceutical companies. iData covers research in: Large & Small Joints, Orthopedics, Orthopedic Trauma, Operating Room Equipment, Surgical Microscopes, Robotics and Surgical Navigation, Laparoscopy, Urology, Gynecology, Vascular Access, Endoscopy, Interventional Cardiology, Cardiac Surgery, Cardiac Rhythm Management, Electrophysiology, Ultrasound, X-Ray Imaging, Diagnostic Imaging, Oncology, Spinal Implants and VCF, Spinal MIS, Orthopedic Soft Tissue Repair and Regeneration, Anesthesiology, Wound Management, Ophthalmics, Dental Operatory Equipment and more.
About Procedure Tracker
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About iPolicy Search
iPolicy Search allows medical device manufacturers and reimbursement consultants to drastically reduce their research time by searching an automatically updating database of policies from over 200 insurance groups in the United States.
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