Global Shoulder Replacement Market Size, Trends, and Growth Opportunity, By Type (Anatomical Shoulder Prosthesis, and Reverse Shoulder Prosthesis), By Procedure (Resurfacing Hemiarthroplasty, Reverse Total Shoulder Replacement, Stemmed Hemiarthroplasty, and Total Shoulder Replacement), By End-User (Hospital, Orthopaedic Centre, and Others), By Regional and Forecast to 2030
Global Shoulder Replacement Market
The Global Shoulder Replacement Market was valued at USD 3.24 billion in 2022 and is expected to reach USD 4.0 billion by 2030, at a CAGR 2.67 % during the forecast period 2023- 2030.
The surgical removal of portions of the shoulder joints and replacement with artificial implants, also known as shoulder replacement or total shoulder arthroplasty, is done to reduce pain and restore range of motion. It has a high percentage of effectiveness in efficiently treating uncomfortable symptoms brought on by advanced arthritis. The thin cartilage that covers the shoulder joints deteriorates or disintegrates in shoulder rheumatism. In a typical shoulder, the bones can readily move against one another because of their cartilage surfaces. The tibia comes into direct contact with one another when their cartilage coverings are gone, creating stress that causes them to roughen and hurt one another. Surgically implanted prosthetic replacement parts offer painless mobility, stability, and functionality.
Market Drivers
The preference of patients for minimally invasive surgical techniques is anticipated to drive market growth during the forecast period. The need for minimally invasive procedures has grown dramatically as a result of the benefits these methods have over traditional treatment methods. Less surgical complications, a shorter hospital stay, less discomfort, smaller and more cosmetic incisions, a lower risk of infection, less postoperative care, and quicker recovery are just a few benefits of minimally invasive procedures. A range of ailments, including bone diseases, are detected and treated using cutting-edge methods in minimally invasive procedures.
Market Restraints
Throughout the anticipated period, the global shoulder replacement market would be constrained by the high cost of therapy and problems related to total shoulder replacement, such as shoulder tendinitis, instability, infection, loss of sensation, and glenoid loosening.
Market Segmentation
The global Shoulder Replacement Market is segmented into Type, Procedure, and End-User.
Based on Type market is divided into Anatomical Shoulder Prosthesis and Reverse Shoulder Prosthesis.
Based on Procedure market is segmented into Resurfacing Hemiarthroplasty, Reverse Total Shoulder Replacement, Stemmed Hemiarthroplasty, and Total Shoulder Replacement.
Based on End-User market is segmented into Hospital, Orthopaedic Centre, and Other
Regional Analysis
The global Shoulder Replacement Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The Shoulder Replacement Market for shoulder replacements is dominated by the North American area, and this trend is anticipated to continue during the forecast period. Canada and the United States are emerging as the largest hotspots for the medical device sector due to the existence of significant international corporations involved in the industry. Furthermore, the market under study is being stimulated by the expansion of the healthcare systems in the United States and Canada.
Key Development
In August 2021, At the American Academy of Orthopaedic Surgeons Annual Conference in San Diego, Smith+Nephew will present its newly enlarged extremities portfolio as well as novel complete ankle and total shoulder replacement technologies.
In July 2021, Stryker released a new Tornier Perform Humeral System and the Tornier shoulder arthroplasty portfolio.
Key Players
Various key players are discussed in the Global Shoulder Replacement Market Report including: Stryker Corporation, Arthrex Inc., Wright Medical Group, DepuySynthes, Djo Surgical, Lima Corporate S.p.a., Smith & Nephew, Wright Medical Group, Zimmer Holdings Inc., Integra LifeSciences Corporation, Tornier N.V.
Market Taxonomy
By Type
• Anatomical Shoulder Prosthesis
• Reverse Shoulder Prosthesis
By Procedure
• Resurfacing Hemiarthroplasty
• Reverse Total Shoulder Replacement
• Stemmed Hemiarthroplasty
• Total Shoulder Replacement
By End-User
• Hospital
• Orthopaedic Centre
• Others
By Region
o North America
o Latin America
o Europe
o Asia Pacific
o Middle East & Africa
Global Shoulder Replacement Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Shoulder Replacement Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply & Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Shoulder Replacement Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Shoulder Replacement Market Share Analysis, By Type
5.3 Global Shoulder Replacement Market Size and Forecast, By Type
5.3.1. Anatomical Shoulder Prosthesis
5.3.2. Reverse Shoulder Prosthesis
6 Global Shoulder Replacement Market, By Procedure
6.1 Y-o-Y Growth Comparison, By Procedure
6.2 Global Shoulder Replacement Market Share Analysis, By Procedure
6.3 Global Shoulder Replacement Market Size and Forecast, By Procedure
6.3.1 Resurfacing Hemiarthroplasty
6.3.2. Reverse Total Shoulder Replacement
6.3.3. Stemmed Hemiarthroplasty
6.3.4. Total Shoulder Replacement
7 Global Shoulder Replacement Market, By End-User
7.1 Y-o-Y Growth Comparison, By End-User
7.2 Global Shoulder Replacement Market Share Analysis, By End-User
7.3 Global Shoulder Replacement Market Size and Forecast, By End-User
7.3.1. Hospital
7.3.2. Orthopaedic Centre
7.3.3. Others
8 Global Shoulder Replacement Market, By Region
8.1 Global Shoulder Replacement Market Share Analysis, By Region
8.2 Global Shoulder Replacement Market Size and Forecast, By Region
9 North America Shoulder Replacement Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Shoulder Replacement Market Share Analysis, By Type
9.3 North America Shoulder Replacement Market Size and Forecast, By Procedure
9.4 North America Shoulder Replacement Market Size and Forecast, By End-User
9.5 North America Shoulder Replacement Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Shoulder Replacement Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Shoulder Replacement Market Share Analysis, By Type
10.3 Europe Shoulder Replacement Market Size and Forecast, By Procedure
10.4 Europe Shoulder Replacement Market Size and Forecast, By End-User
10.5 Europe Shoulder Replacement Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4. Rest of Europe
11 Asia Pacific Shoulder Replacement Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Shoulder Replacement Market Share Analysis, By Type
11.3 Asia Pacific Shoulder Replacement Market Size and Forecast, By Procedure
11.4 Asia Pacific Shoulder Replacement Market Size and Forecast, By End-User
11.5 Asia Pacific Shoulder Replacement Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Shoulder Replacement Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Shoulder Replacement Market Share Analysis, By Type
12.3 Latin America Shoulder Replacement Market Size and Forecast, By Procedure
12.4 Latin America Shoulder Replacement Market Size and Forecast, By End-User
12.5 Latin America Shoulder Replacement Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Shoulder Replacement Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Shoulder Replacement Market Share Analysis, By Type
13.3 Middle East Shoulder Replacement Market Size and Forecast, By Procedure
13.4 Middle East Shoulder Replacement Market Size and Forecast, By End-User
13.5 Middle East Shoulder Replacement Market Size and Forecast, By Country
13.6.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15Company Profiles
15.1 Stryker Corporation
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Arthrex Inc.
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Wright Medical Group
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 DepuySynthes
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 F. Djo Surgical
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Lima Corporate S.p.a.
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Smith & Nephew
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Wright Medical Group
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Zimmer Holdings Inc.
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Integra LifeSciences Corporation
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
15.11 Tornier N.V.
15.11.1 Overview
15.11.2 Offerings
15.11.3 Key Financials
15.11.4 Business Segment & Geographic Overview
15.11.5 Key Market Developments
15.11.6 Key Strategies
