Overview

Global Shoulder Replacement Market is estimated to value over USD 2.5 billion by 2026 end and register a CAGR of over 7% during the forecast period 2019-2026.

 

Global Shoulder Replacement Market Introduction:

Shoulder replacement surgeries are undertaken to replace glenohumeral joint partially or totally by a prosthetic implant which is made of metal components and polyethylene. The primary factors responsible for the growth of the shoulder replacement market are rising life expectancy of the population and increasing cases of arthritis owing to a sedentary lifestyle. Additionally, growing awareness regarding the availability of cost-effective treatments related to shoulder injuries stimulates market growth significantly.

 

Global Shoulder Replacement Market Overview:

Based on the type of product, the global market is bifurcated into anatomical shoulder prosthesis and reverse shoulder prosthesis. Reverse shoulder prosthesis segment will showcase competitive market growth by registering a CAGR of over 8.2% although it shall possess market share that is close to half the amount of market share anatomical shoulder prosthesis segment possesses in the North American region.

 

The end-user is segmented as hospitals, ambulatory surgical centres and orthopaedic clinics. The hospital segment is expected to dictate the market owing to the advanced facilities provided by the hospital infrastructure and this trend will be mainly observed in developed economies like North America and Europe.

 

The market is regionally bifurcated into North America, Latin America, Europe, Asia Pacific and rest of the world. Asia Pacific region is anticipated to provide profitable opportunities thus assisting market growth. The anatomical shoulder prosthesis segment is projected to witness remarkable growth with a CAGR of over 7% during the forecast period. However, the reverse shoulder prosthesis segment is expected to obtain a moderate growth rate in the region. Asia Pacific region is the hub for many medical device manufacturers. Furthermore, this region has a high healthcare expenditure which shall transform into high growth potential for not only MNCs but also local medical device manufacturers. Moreover, a rising disposable income coupled with an increase in life expectancy of the population has strengthened the market position of the Asia Pacific region. Further bolstering to the market is obtained by governmental regulations favourable to the medical device manufacturing companies, both MNCs and local manufacturers. Such initiatives have assisted in the significant proliferation of the market.

 

Some of the key players of the shoulder replacement market include Integra LifeSciences Corp., Zimmer Biomet, Artherex Inc., Johnson & Johnson, Wright Medical Group, Smith & Nephew Plc., Conmed Corp., DJO Global, Exactech Inc. and Evolutis.

 

Global Shoulder Replacement Market Segmentation:

By Product Type

·     Anatomical Shoulder Prosthesis

·     Reverse Shoulder Prosthesis

 

By End User

·     Hospital

·     Ambulatory Surgical Centre

·     Orthopaedic Clinics

 

By Region

·     North America

·     Asia Pacific

·     Latin America

·     Europe

·     Rest of the World

 

 Competitive Landscape:

·     Tier 1 players- established companies in the market with a major market share 

·     Tier 2 players 

·     Emerging players which are growing rapidly 

·     New Entrants

 

FutureWise Key Takeaways:

·     Rise in the geriatric population shall increase the number of cases related to arthritis leading to the soaring demand for shoulder replacement

·     Growing awareness regarding treatments available for shoulder injuries and availability of cost-effective treatments shall augment market growth especially in the emerging economies

 

Objectives of the Study:

·     To provide with an exhaustive analysis on the shoulder replacement market by product type, by end user and by region

·     To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)

·     To evaluate and forecast micro-markets and the overall market

·     To predict the market size, in key regions (along with countries)— North America, Asia Pacific, Europe, Latin America and rest of the world

·     To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions

·     Profiling of companies to evaluate their market shares, strategies, financials and core competencies

  

$3450

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What you get


  • Excel Dataset

  • Infographics

  • PDF Report

  • Market Overview

  • PowerPoint Presentation

What's included


  • Consumer Perception and Procurement

  • Competitive Analysis

  • What’s Next

  • Market Data Forecast

  • Risks and Opportunity Assessment

  • Market Trends and Dynamics