Shoulder Replacement Market Size was valued at USD 1.6 Billion in 2022. The Shoulder Replacement market industry is projected to grow from USD 1.7 Billion in 2023 to USD 2.9 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.20% during the forecast period (2023 - 2032). Increasing cases of osteoarthritis and a growing geriatric population are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for shoulder replacement is driven by the rising cases of osteoarthritis. Global demand for shoulder replacement implants is driven by the rising incidence of osteoarthritis and rheumatoid arthritis, as well as the rising number of trauma cases. Nonetheless, during the projected period, the market's growth will be moderate because of the increasing adoption driven by patient and physician education.
Additionally, the shoulder arthroplasty market is expanding due of the growing geriatric population. The geriatric population is responsible for a rise in replacement procedures due to several events, including accidents and emergence, which are significant market expansion drivers. Furthermore, it is projected that the growing acceptance of organized sports and the growing popularity of fitness and exercise regimens will drive the market's growth. The market is also anticipated to rise due to the increasing incidence of shoulder injuries sustained in sports and the growing proficiency in research and development. Moreover, a sizable population and increased patients with bone-related issues are anticipated to fuel market expansion throughout the projected period.
The need for minimally invasive procedures has surged due to the benefits these techniques offer over traditional treatment methods. Fewer surgical issues, a shorter hospital stay, less pain, smaller and more attractive incisions, a lower risk of infection, less postoperative care, and quicker recovery are just a few benefits of minimally invasive procedures to identify and address a range of conditions, including diseases of the bones. Considerable advancements have been made in the identification, treatment, and evaluation of disease activity in patients with shoulder arthritis, including the concept of customized medications. For biomarkers to have therapeutic benefits in a customized approach to shoulder replacement, they must be easy to detect, have acceptable levels of accuracy and precision, and have simple test procedures for doctors to understand and apply. By accurately identifying which individuals are most likely to respond to specific medical therapy, biomarkers can improve treatment outcomes while lowering the chance of giving patients unnecessary medications or operations or subjecting them to serious side effects from their treatments. As a result, it is anticipated that demand for shoulder replacement will increase throughout the projection period due to the rising cases of osteoarthritis. Thus driving the Shoulder Replacement market revenue.
The Shoulder Replacement Market segmentation, based on procedure, includes total shoulder replacement, reverse shoulder replacement, partial shoulder replacement, shoulder resurfacing, and revision shoulder arthroplasty. The reverse shoulder arthroplasty segment dominated the market, accounting for the maximum market revenue. This increase is credited with effective surgery and preservation of the deltoid muscle. Replacement surgery employs a class of artificial joints called reverse shoulder prostheses to restore function to severely damaged shoulders. They comprise three components: a stem that inserts into the humorous bone, a glenoid (socket), and an upper arm component. The primary distinction with anatomic shoulder replacement is that the ball joint is positioned above the shoulder rather than behind it. This design enhances stability and provides a wider range of motion for the arm.
The Shoulder Replacement Market segmentation, based on end users, Includes Hospitals, Ambulatory Surgical Centres, And Orthopaedic Clinics. The hospitals category generated the most income due to increased healthcare costs. Hospitals are important surgical facilities, and their growth will be fueled by several factors, including the creation of sophisticated implants that offer better support, the rise in complex shoulder surgeries annually, the ageing population's increased health consciousness, which has led to an increase in patients with degenerative diseases, etc.
Figure 1: Shoulder Replacement Market, by End User, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Shoulder Replacement Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American Shoulder Replacement market area will dominate this market, owing to an increase in the geriatric population. In addition, the rising patient spending power and high device costs will boost market growth in this region.
Further, the major countries studied in the market report are The US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: SHOULDER REPLACEMENT MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's Shoulder Replacement market the second-largest market share due to the rising demand for orthopaedic shoulder replacement implants and increasing day-care surgeries. Further, the German Shoulder Replacement market held the largest market share, and the UK Shoulder Replacement market was the fastest-growing market in the European region.
The Asia-Pacific Shoulder Replacement Market is expected to grow at the fastest CAGR from 2023 to 2032 due to the rising healthcare spending and growing adoption of advanced products. Moreover, China's Shoulder Replacement market held the largest market share, and the Indian Shoulder Replacement market was the fastest-growing market in the Asia-Pacific region.
Shoulder Replacement Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Shoulder Replacement market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Shoulder Replacement industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Shoulder Replacement industry to benefit clients and increase the market sector. In recent years, the Shoulder Replacement industry has offered some of the most significant advantages to patients. Major players in the Shoulder Replacement market, including Johnson & Johnson, DJO, Integra LifeSciences, Smith and Nephew, Stryker, Zimmer Biomet, Arthrex, Lima, Wright Medical Group, Exactech, and B. Braun Melsungen, and others, are attempting to increase market demand by investing in research and development operations.
Stryker Corporation is an American company based in Kalamazoo, Michigan, producing medical technologies. Implants used in trauma and joint replacement surgeries, surgical equipment, endoscopic and communications systems, patient handling and emergency medical equipment, neurosurgical, neurovascular, and spinal devices, and other medical device products utilized by a range of medical specialists are among the products manufactured by Stryker. Most of Stryker's products are sold directly to physicians, hospitals, and other healthcare facilities in the US. Stryker goods are distributed internationally through a network of independent dealers and distributors and company-owned sales subsidiaries and branches in more than 100 countries. In February 2022, Stryker launched the new Tornier Perform Humeral System in Europe and introduced the Tornier Shoulder Arthroplasty Portfolio.
Zimmer Biomet Holdings, Inc. is a publicly traded medical device company established in 1927 to produce aluminium splints. Its headquarters are in Warsaw, Indiana, and it is a part of the medical devices business cluster. Zimmer is responsible for designing, developing, manufacturing and marketing orthopaedic products, such as dental prostheses and artificial joints for the knee, hip, Shoulder, elbow, and leg. The company has operations in more than 40 countries worldwide, including the US, Australia, Austria, Belgium, Canada, China, Czech Republic, Finland, France, Germany, India, Ireland, Israel, Italy, Japan, Latin America, Netherlands, Brazil, Poland, Portugal, Russia, South Africa, Spain, etc. and its products are sold in more than 100 countries. In September 2022, the FDA granted Zimmer Biomet Holding's Inc. (ZBH) 510 (k) clearance for their Identity Shoulder System, which is intended for anatomic, reverse, and revision shoulder replacement. The newest system in Zimmer Biomet's lineup of shoulder replacement systems is the Identity Shoulder System. It is meant to enable surgeons to precisely plan and carry out a surgical procedure tailored to each patient.
Key Companies in the Shoulder Replacement market include
Shoulder Replacement Industry Developments
March 2023:The first-ever lifetime guarantee for a lumbar spinal fusion procedure was announced by Geisinger Health Plan and the Swiss company Medacta Group SA, which specializes in sustainable solutions for joint replacement, sports medicine, and spine operations.
August 2021:The American Academy of Orthopedic Surgeons 2021 Annual Meeting will be held in San Diego. Smith+Nephew will showcase its freshly enlarged extremities portfolio and introduce new ankle and shoulder replacement technologies.
August 2021:Johnson & Johnson unveiled the fully integrated shoulder arthroplasty system, the INHANCE Shoulder System. It allows physicians to switch easily between stemless and stemmed implants during surgical procedures.
Total Shoulder Replacement
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 1.6 Billion |
| Market Size 2023 | USD 1.7 Billion |
| Market Size 2032 | USD 2.9 Billion |
| Compound Annual Growth Rate (CAGR) | 7.20% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Procedure, End User, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Â Johnson & Johnson, DJO, Integra LifeSciences, Smith and Nephew, Stryker, Zimmer Biomet, Arthrex, Lima, Wright Medical Group, Exactech, B. Braun Melsungen |
| Key Market Opportunities | ·      Rise in robotic surgeries. |
| Key Market Dynamics | ·      Increase in cases of osteoarthritis ·      Rising geriatric population |
Frequently Asked Questions (FAQ) :
The Shoulder Replacement Market size was valued at USD 1.6 Billion in 2022.
The global market is projected to grow at a CAGR of 7.20% during the forecast period, 2023-2032.
North America had the largest share of the global market
The key players in the market are Johnson & Johnson, DJO, Integra LifeSciences, Smith and Nephew, Stryker, Zimmer Biomet, Arthrex, Lima, Wright Medical Group, Exactech, and B. Braun Melsungen.
The reverse shoulder replacement category dominated the market in 2022.
The hospitals had the largest share in the global market.
Assistant Manager He holds an experience of about 7+ years in market research and business consulting, working under the spectrum of life sciences and healthcare domains. rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. his expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. in addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives
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