Analysts’ Viewpoint on Shoulder Replacement Market Scenario
The global shoulder replacement market is expected to benefit from the shift from anatomic to reverse shoulder replacement surgeries by clinics for degenerative joint disorders. Manufacturers who invest in the development of advanced and customized prosthetics are likely to continue to appeal to end-users and generate significant sales opportunities. Governments too are playing a major role in assisting surgeons in expanding their skill sets, thereby increasing the number of expert surgeons. Growing trust among consumers about advanced surgeries, such as reverse shoulder replacement surgery, has encouraged manufacturers to invest in research & development activities aimed at improving patient outcomes and lowering failure rates, while investment in emerging markets could yield long-term benefits.
Shoulder joint replacement is a surgical procedure that substitutes the damaged parts of the shoulder joint with implants. It is done to ease pain and improve shoulder function. Shoulder joint operations are performed either partially or completely to repair the gleno humeral joint with a prosthetic implant made of metal and polyethylene. Shoulder joint replacement has emerged as an effective treatment option for people suffering from osteoarthritis and other conditions, particularly when nonsurgical treatments have failed.
Request a sample to get extensive insights into the Shoulder Replacement Market
The global geriatric population is rising at an unprecedented rate. Rise in prevalence of symptomatic shoulder arthritis and proximal humerus rupture among the population is propelling the global shoulder replacement market. Rise in prevalence of arthritis is the primary cause of disability among adults. The National Institute for Health and Care Research (NIHR) conducted an analysis in 2021 based on nine studies, including 6 articles about patient-reported outcomes and 529 total and 364 partial shoulder replacements (of 530 shoulder replacements). It included a national joint registry for Australia that offered 10-year follow-up on 7,651 total, 7,953 reverse total, and 1,395 partial shoulder replacements. The NIHR analysis indicated that nine in 10 shoulder joint replacements last at least ten years. This is likely to propel the global shoulder replacement market size in the next few years.
Rise in the prevalence of shoulder joint disorders and increase in geriatric population are driving the demand for surgical shoulder arthroplasty procedures. Preference for reverse shoulder arthroplasty is increasing among orthopedic surgeons and patients. It is a surgical procedure in which the locations of the ball and socket in the shoulder joint are switched or reversed. The glenoid is replaced by a metal ball and the humeral head is replaced by a plastic socket.
Request a custom report on Shoulder Replacement Market
In terms of procedure, the reverse shoulder replacement segment is projected to account for more than 45% of the global shoulder replacement market share by 2031. Increase in R&D activities in the field of reverse shoulder arthroplasty technology and economic growth in developing countries are expected to propel the reverse shoulder replacement segment during the forecast period.
North America dominated the global shoulder replacement market in 2021. The trend is expected to continue during the forecast period. Presence of major international medical device companies has made the U.S. and Canada the largest medical device hotspots. Furthermore, advances in healthcare system in the two counties are driving the shoulder replacement market in North America. According to World Bank 2020 data, around 16.9% of the population of the U.S. was 65 or older in 2020, and the figure is expected to rise to 22% by 2050. The number of adults with doctor-diagnosed arthritis in the country is expected to rise by 49% to reach 78.4 million (25.9% of all adults). According to a report published in March 2020 by Weinstein Legal, nearly 30 million children and adolescents participate in youth sports in the U.S. each year, which is expected to drive the demand for shoulder replacement devices in the country.
Asia Pacific has witnessed high healthcare spending in the last few years, which would translate into high growth opportunities for global and local medical device players. Rise in disposable income and increase in life expectancy have transformed Asia Pacific into a hub favorable for several industries, particularly healthcare, attracting more foreign companies to invest in the region.
The global shoulder replacement market is fragmented, with the presence of large number of large-scale players. Several companies are investing in product portfolio expansion and mergers & acquisitions. Johnson and Johnson, DJO, Integra LifeSciences, Smith and Nephew, Stryker, Zimmer Biomet, Arthrex, Lima, Wright Medical Group, Exactech, and B. Braun Melsungen are the prominent players operating in the global shoulder replacement market.
Each of these players has been profiled in the shoulder replacement market report based on parameters such as company overview, financial overview, business strategies, application portfolio, business segments, and recent developments.
|
Attribute |
Detail |
|
Market Size Value in 2021 |
US$ 2.24 Bn |
|
Market Forecast Value in 2031 |
More than US$ 4.1 Bn |
|
Growth Rate (CAGR) |
6.9% |
|
Forecast Period |
2022–2031 |
|
Historical Data Available for |
2017–2020 |
|
Quantitative Units |
US$ Bn for Value |
|
Market Analysis |
It includes segment analysis as well as regional level analysis. Moreover, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis. |
|
Competition Landscape |
|
|
Format |
Electronic (PDF) + Excel |
|
Market Segmentation |
|
|
Regions Covered |
|
|
Countries Covered |
|
|
Companies Profiled |
|
|
Customization Scope |
Available upon request |
|
Pricing |
Available upon request |
The global shoulder replacement market was valued at US$ 2.24 Bn in 2021.
The global shoulder replacement market is projected to reach more than US$ 4.1 Bn by 2031.
The global shoulder replacement market is anticipated to grow at a CAGR of 6.9% from 2022 to 2031.
Increase in arthritis cases due to aging population and surge in demand for reverse shoulder arthroplasty.
The reverse shoulder replacement segment held more than 50% share of the global shoulder replacement market in 2021.
North America is expected to account for major share of the global shoulder replacement market during the forecast period.
Prominent players in the global shoulder replacement market are Johnson & Johnson, DJO, Integra LifeSciences, Smith and Nephew, Stryker, Zimmer Biomet, Arthrex, Lima, Wright Medical Group, Exactech, and B. Braun Melsungen..
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Shoulder Replacement Market
4. Market Overview
4.1. Introduction
4.1.1. Product Definition
4.1.2. Industry Evolution / Developments
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Shoulder Replacement Market Analysis and Forecast, 2017–2031
5. Key Insights
5.1. Regulatory Scenario by Region/globally
5.2. Reimbursement Scenario by Region/globally
5.3. COVID-19 Impact
6. Global Shoulder Replacement Market Analysis and Forecast, by Procedure
6.1. Introduction & Definition
6.2. Key Findings / Developments
6.3. Market Value Forecast, by Procedure, 2017–2031
6.3.1. Total Shoulder Replacement
6.3.2. Reverse Shoulder Replacement
6.3.3. Partial Shoulder Replacement
6.3.4. Shoulder Resurfacing
6.3.5. Revision Shoulder Arthroplasty
6.4. Market Attractiveness Analysis, by Procedure
7. Global Shoulder Replacement Market Analysis and Forecast, by End-user
7.1. Introduction & Definition
7.2. Key Findings / Developments
7.3. Market Value Forecast, by End-user, 2017–2031
7.3.1. Hospitals
7.3.2. Ambulatory Surgical Centers
7.3.3. Orthopedic Clinics
7.4. Market Attractiveness Analysis, by End-user
8. Global Shoulder Replacement Market Analysis and Forecast, by Region
8.1. Key Findings
8.2. Market Value Forecast, by Region
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Latin America
8.2.5. Middle East & Africa
8.3. Market Attractiveness Analysis, by Region
9. North America Shoulder Replacement Market Analysis and Forecast
9.1. Introduction
9.1.1. Key Findings
9.2. Market Value Forecast, by Procedure, 2017–2031
9.2.1. Total Shoulder Replacement
9.2.2. Reverse Shoulder Replacement
9.2.3. Partial Shoulder Replacement
9.2.4. Shoulder Resurfacing
9.2.5. Revision Shoulder Arthroplasty
9.3. Market Value Forecast, by End-user, 2017–2031
9.3.1. Hospitals
9.3.2. Ambulatory Surgical Centers
9.3.3. Orthopedic Clinics
9.4. Market Value Forecast, by Country, 2017–2031
9.4.1. U.S.
9.4.2. Canada
9.5. Market Attractiveness Analysis
9.5.1. By Procedure
9.5.2. By End-user
9.5.3. By Country
10. Europe Shoulder Replacement Market Analysis and Forecast
10.1. Introduction
10.1.1. Key Findings
10.2. Market Value Forecast, by Procedure, 2017–2031
10.2.1. Total Shoulder Replacement
10.2.2. Reverse Shoulder Replacement
10.2.3. Partial Shoulder Replacement
10.2.4. Shoulder Resurfacing
10.2.5. Revision Shoulder Arthroplasty
10.3. Market Value Forecast, by End-user, 2017–2031
10.3.1. Hospitals
10.3.2. Ambulatory Surgical Centers
10.3.3. Orthopedic Clinics
10.4. Market Value Forecast, by Country/Sub-region, 2017–2031
10.4.1. Germany
10.4.2. U.K.
10.4.3. France
10.4.4. Italy
10.4.5. Spain
10.4.6. Rest of Europe
10.5. Market Attractiveness Analysis
10.5.1. By Procedure
10.5.2. By End-user
10.5.3. By Country/Sub-region
11. Asia Pacific Shoulder Replacement Market Analysis and Forecast
11.1. Introduction
11.1.1. Key Findings
11.2. Market Value Forecast, by Procedure, 2017–2031
11.2.1. Total Shoulder Replacement
11.2.2. Reverse Shoulder Replacement
11.2.3. Partial Shoulder Replacement
11.2.4. Shoulder Resurfacing
11.2.5. Revision Shoulder Arthroplasty
11.3. Market Value Forecast, by End-user, 2017–2031
11.3.1. Hospitals
11.3.2. Ambulatory Surgical Centers
11.3.3. Orthopedic Clinics
11.4. Market Value Forecast, by Country/Sub-region, 2017–2031
11.4.1. China
11.4.2. Japan
11.4.3. India
11.4.4. Australia & New Zealand
11.4.5. Rest of Asia Pacific
11.5. Market Attractiveness Analysis
11.5.1. By Procedure
11.5.2. By End-user
11.5.3. By Country/Sub-region
12. Latin America Shoulder Replacement Market Analysis and Forecast
12.1. Introduction
12.1.1. Key Findings
12.2. Market Value Forecast, by Procedure, 2017–2031
12.2.1. Total Shoulder Replacement
12.2.2. Reverse Shoulder Replacement
12.2.3. Partial Shoulder Replacement
12.2.4. Shoulder Resurfacing
12.2.5. Revision Shoulder Arthroplasty
12.3. Market Value Forecast, by End-user, 2017–2031
12.3.1. Hospitals
12.3.2. Ambulatory Surgical Centers
12.3.3. Orthopedic Clinics
12.4. Market Value Forecast, by Country/Sub-region, 2017–2031
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Rest of Latin America
12.5. Market Attractiveness Analysis
12.5.1. By Procedure
12.5.2. By End-user
12.5.3. By Country/Sub-region
13. Middle East & Africa Shoulder Replacement Market Analysis and Forecast
13.1. Introduction
13.1.1. Key Findings
13.2. Market Value Forecast, by Procedure, 2017–2031
13.2.1. Total Shoulder Replacement
13.2.2. Reverse Shoulder Replacement
13.2.3. Partial Shoulder Replacement
13.2.4. Shoulder Resurfacing
13.2.5. Revision Shoulder Arthroplasty
13.3. Market Value Forecast, by End-user, 2017–2031
14. Competition Landscape
14.1. Market Player - Competition Matrix (by tier and size of companies)
14.2. Market Share Analysis, by Company, 2021
14.3. Company Profiles
14.3.1. Zimmer Biomet
14.3.1.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.1.2. Financial Analysis
14.3.1.3. Growth Strategies
14.3.1.4. SWOT Analysis
14.3.2. Wright Medical Group N.V.
14.3.2.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.2.2. Financial Analysis
14.3.2.3. Growth Strategies
14.3.2.4. SWOT Analysis
14.3.3. Stryker
14.3.3.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.3.2. Financial Analysis
14.3.3.3. Growth Strategies
14.3.3.4. SWOT Analysis
14.3.4. DePuy Synthes
14.3.4.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.4.2. Financial Analysis
14.3.4.3. Growth Strategies
14.3.4.4. SWOT Analysis
14.3.5. Smith & Nephew
14.3.5.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.5.2. Financial Analysis
14.3.5.3. Growth Strategies
14.3.5.4. SWOT Analysis
14.3.6. DJO Global
14.3.6.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.6.2. Financial Analysis
14.3.6.3. Growth Strategies
14.3.6.4. SWOT Analysis
14.3.7. Arthrex, Inc.
14.3.7.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.7.2. Financial Analysis
14.3.7.3. Growth Strategies
14.3.7.4. SWOT Analysis
14.3.8. Exatech, Inc.
14.3.8.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.8.2. Financial Analysis
14.3.8.3. Growth Strategies
14.3.8.4. SWOT Analysis
14.3.9. Integra LifeSciences Corporation.
14.3.9.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.9.2. Financial Analysis
14.3.9.3. Growth Strategies
14.3.9.4. SWOT Analysis
List of Tables
Table 01: Global Shoulder Replacement Market Value (US$ Mn) Forecast, by Procedure, 2017–2031
Table 02: Global Shoulder Replacement Market Value (US$ Mn) Forecast, by End-user, 2017–2031
Table 03: Global Shoulder Replacement Market Value (US$ Mn) Forecast, by Region, 2017–2031
Table 04: North America Shoulder Replacement Market Value (US$ Mn) Forecast, by Country, 2017–2031
Table 05: North America Shoulder Replacement Market Value (US$ Mn) Forecast, by Procedure, 2017–2031
Table 06: North America Shoulder Replacement Market Value (US$ Mn) Forecast, by End-user, 2017–2031
Table 07: Europe Shoulder Replacement Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
Table 08: Europe Shoulder Replacement Market Value (US$ Mn) Forecast, by Procedure, 2017–2031
Table 09: Europe Shoulder Replacement Market Value (US$ Mn) Forecast, by End-user, 2017–2031
Table 10: Asia Pacific Shoulder Replacement Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
Table 11: Asia Pacific Shoulder Replacement Market Value (US$ Mn) Forecast, by Procedure, 2017–2031
Table 12: Asia Pacific Shoulder Replacement Market Value (US$ Mn) Forecast, by End-user, 2017–2031
Table 13: Latin America Shoulder Replacement Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
Table 14: Latin America Shoulder Replacement Market Value (US$ Mn) Forecast, by Procedure, 2017–2031
Table 15: Latin America Shoulder Replacement Market Value (US$ Mn) Forecast, by End-user, 2017–2031
Table 16: Middle East & Africa Shoulder Replacement Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
Table 17: Middle East & Africa Shoulder Replacement Market Value (US$ Mn) Forecast, by Procedure, 2017–2031
Table 18: Middle East & Africa Shoulder Replacement Market Value (US$ Mn) Forecast, by End-user, 2017–2031
List of Figures
Figure 01: Global Shoulder Replacement Market Value Share Analysis, by Procedure, 2021 and 2031
Figure 02: Global Shoulder Replacement Market Attractiveness Analysis, by Procedure, 2022–2031
Figure 03: Global Shoulder Replacement Market Value Share Analysis, by End-user, 2021 and 2031
Figure 04: Global Shoulder Replacement Market Attractiveness Analysis, by End-user, 2017–2031
Figure 05: Global Shoulder Replacement Market Value Share Analysis, by Region (2021)
Figure 06: Global Shoulder Replacement Market, by Region, 2017- 2031
Figure 07: North America Shoulder Replacement Market Value (US$ Mn) Forecast, 2017–2031
Figure 08: North America Shoulder Replacement Market Value Share Analysis, by Procedure, 2021 and 2031
Figure 09: North America Shoulder Replacement Market Attractiveness Analysis, by Procedure, 2022– 2031
Figure 10: North America Shoulder Replacement Market Value Share Analysis (US$ Mn) Forecast, by End-user, 2021 and 2031
Figure 11: North America Shoulder Replacement Market Attractiveness Analysis, by End-user, 2022–2031
Figure 12: North America Shoulder Replacement Market Value Share Analysis, by Country, 2021 and 2031
Figure 13: North America Shoulder Replacement Market Attractiveness Analysis, by Country, 2022–2031
Figure 14: Europe Shoulder Replacement Market Value (US$ Mn) Forecast, 2017–2031
Figure 15: Europe Shoulder Replacement Market Value Share Analysis, by Country/Sub-region, 2021 and 2031
Figure 16: Europe Shoulder Replacement Market Attractiveness Analysis, by Country/Sub-region, 2022 - 2031
Figure 17: Europe Shoulder Replacement Market Value Share Analysis, by Procedure, 2021 and 2031
Figure 18: Europe Shoulder Replacement Market Attractiveness Analysis, by Procedure, 2022–2031
Figure 19: Europe Shoulder Replacement Market Value Share Analysis, by End-user, 2021 and 2031
Figure 20: Europe Shoulder Replacement Market Attractiveness Analysis, by End-user, 2022–2031
Figure 21: Asia Pacific Shoulder Replacement Market Value (US$ Mn) Forecast, 2017–2031
Figure 22: Asia Pacific Shoulder Replacement Market Value Share Analysis, by Country/Sub-region, 2021 and 2031
Figure 23: Asia Pacific Shoulder Replacement Market Attractiveness Analysis, by Country/Sub-region, 2022–2031
Figure 24: Asia Pacific Shoulder Replacement Market Value Share Analysis, by Procedure, 2021 and 2031
Figure 25: Asia Pacific Shoulder Replacement Market Attractiveness Analysis, by Procedure, 2022–2031
Figure 26: Asia Pacific Shoulder Replacement Market Value Share Analysis, by End-user, 2021 and 2031
Figure 27: Asia Pacific Shoulder Replacement Market Attractiveness Analysis, by End-user 2022–2031
Figure 28: Latin America Shoulder Replacement Market Value (US$ Mn) Forecast, 2017–2031
Figure 29: Latin America Shoulder Replacement Market Value Share Analysis, by Country/Sub-region, 2021 and 2031
Figure 30: Latin America Shoulder Replacement Market Attractiveness Analysis, by Country/Sub-region, 2021–2031
Figure 31: Latin America Shoulder Replacement Market Value Share Analysis, by Procedure, 2021 and 2031
Figure 32: Latin America Shoulder Replacement Market Attractiveness Analysis, by Procedure, 2021–2031
Figure 33: Latin America Shoulder Replacement Market Value Share Analysis, by End-user, 2021 and 2031
Figure 34: Latin America Shoulder Replacement Market Attractiveness Analysis, by End-user, 2021–2031
Figure 35: Middle East & Africa Shoulder Replacement Market Value (US$ Mn) Forecast, 2017–2031
Figure 36: Middle East & Africa Shoulder Replacement Market Value Share Analysis, by Country/Sub-region, 2021 and 2031
Figure 37: Middle East & Africa Shoulder Replacement Market Attractiveness Analysis, by Country/Sub-region, 2021–2031
Figure 38: Middle East & Africa Shoulder Replacement Market Value Share Analysis, by Procedure, 2021 and 2031
Figure 39: Middle East & Africa Shoulder Replacement Market Attractiveness Analysis, by Procedure, 2021–2031
Figure 40: Middle East & Africa Shoulder Replacement Market Value Share Analysis, by End-user, 2021 and 2031
Figure 41: Middle East & Africa Shoulder Replacement Market Attractiveness Analysis, by End-user, 2021–2031
Copyright © Transparency Market Research, Inc. All Rights reserved
Trust Online
Shoulder Replacement Market
