Shoulder Replacement Market Size by Segments, Share, Regulatory, Reimbursement, Procedures and Forecast to 2033
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Shoulder Replacement Market Report Overview
The shoulder replacement market was valued at $1.59 billion in 2023. Factors such as the rising prevalence of joint diseases such as OA and RA will drive the market growth at a CAGR of more than 5% from 2023 to 2033.
Shoulder replacement is a surgical procedure. In this procedure, certain parts of an arthritic or damaged joint are removed and replaced with prostheses or artificial joints. It usually covers devices (implants) used for total/primary, reverse, partial, and revision shoulder replacement. One unit includes One shoulder replacement device.
Shoulder Replacement Market Outlook 2023-2033 ($Billion)
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The shoulder replacement market research report identifies quantitative market trends within drug delivery device therapeutic areas. The report offers regional quantitative and qualitative data highlighting the sales in major markets. The model also covers in detail the effects of COVID-19 on the shoulder replacement market for 2020 and beyond. Furthermore, the report provides shoulder replacement share by a company that will help in identifying untapped market opportunities.
Market Size (2023) | $1.59 billion |
CAGR (2023-2033) | >5% |
Historic Period | 2015-2022 |
Forecast Period | 2023-2033 |
Key Segments | · Partial Shoulder Replacement
· Reverse Shoulder Replacement · Revision Shoulder Replacement · Shoulder Resurfacing |
Key Regions |
|
Companies | · DePuy Synthes Inc
· ZimVie Inc · Stryker Corp · Exactech Inc · Arthrex Inc · Limacorporate SpA · Mathys AG Bettlach · Smith & Nephew Plc |
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Regional Analysis of the Shoulder Replacement Market
The key regions in the Shoulder Replacement market are North America, Europe, Asia Pacific, South and Central America, and the Middle East and Africa. In 2023, North America dominated the Shoulder Replacement market followed by Europe and Asia-Pacific. However, governments in North America region become more focused on cost efficiency.
The US shoulder replacement follows global and regional trends for North America. Reverse shoulder replacement implants are being used more frequently. Conventional total shoulder replacement may result in pain and limited motion. Thus, the adoption of revision shoulder implants will grow at the fastest CAGR through the forecast period.
Shoulder Replacement Market Analysis by Regions 2023(%)
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Shoulder Replacement Market Segments
The key segments in the shoulder replacement market are Partial Shoulder Replacement, Reverse Shoulder Replacement, Revision Shoulder Replacement, and Shoulder Resurfacing. Reverse Shoulder Replacement dominated the Shoulder Replacement market share in 2023. Growth of the shoulder replacement market will be moderate throughout the forecast period owing to continued physician and patient education about the benefits.
In a Reverse Shoulder Replacement, the prostheses for the damaged humeral and the glenoid component of the shoulder are reversed. The device consists of a glenoid component and a humeral head. One unit refers to one reverse shoulder replacement device.
Partial Shoulder Replacement includes a device (implant) intended to be used for the replacement of a part of the shoulder. Both cemented and uncemented are covered under this segment. One unit refers to one partial shoulder replacement device.
Shoulder Replacement Market Analysis by Segments 2023(%)
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Shoulder Replacement Market - Competitive Landscape
In 2023, DePuy Synthes shoulder replacement market share was the highest
The major players in the shoulder replacement market are:
- DePuy Synthes Inc
- ZimVie Inc
- Stryker Corp
- Exactech Inc
- Arthrex Inc
- Limacorporate SpA
- Mathys AG Bettlach
- Smith & Nephew Plc
The key strategies that major companies follow are focusing on creating robust shoulder implant platforms. These platforms feature a single, modular product for use in total, reverse, hemi-, and revision arthroplasty.
The current trend in shoulder replacement implants is to focus on recreating patient anatomy and joint function. Companies are developing motion-retaining and uninhibited replacement options to excel above alternative procedures. This approach will meet the needs of the global aging population with an active lifestyle.
Shoulder Replacement Market Analysis, by Companies 2023 (%)
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Shoulder Replacement Market Dynamics
Drivers: The key factors positively impacting shoulder replacement market growth are the rising prevalence of joint diseases such as OA and RA. Also, technological advancements including patient-specific instrumentation (PSI) and computer-assisted navigation will support the market growth.
Barriers: Factors such as the growth of alternative treatment options, including arthroscopic debridement may affect the demand for shoulder replacement market. Furthermore, Inadequate implant positioning in surgeons will also negatively impact the shoulder replacement market growth.
Future Outlook: The rising prevalence of joint diseases such as OA and RA and the rising global aging population seeking to maintain an active lifestyle are driving the expansion of the shoulder replacement market. Increased physician training and patient awareness of novel devices, including reverse shoulder replacement and stemless shoulder implants, will drive further market growth.
Segments Covered in the Report
Shoulder Replacement Segments Outlook (Value, $ Billion, 2015-2033)
- Partial Shoulder Replacement
- Reverse Shoulder Replacement
- Revision Shoulder Replacement
- Shoulder Resurfacing
Shoulder Replacement Regional Outlook (Value, $ Billion, 2015-2033)
- North America
- Europe
- Asia Pacific
- South and Central America
- Middle East & Africa
Key Inclusions
The shoulder replacement market research report includes an insightful review of the key industry trends.
- The infusion pumps market report offers an annualized market revenue by segment and market outlooks from 2015-2033.
- The report also includes market-level data on units, average selling prices, and market values.
Regional, Country, and Global Infusion Pumps Market Insights:
- The shoulder replacement market share report offers qualitative insights on global and regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- Shoulder Replacement market SWOT analysis.
- The report provides trends and shoulder replacement market competitive dynamics.
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Learn about consumer behavior through the detailed overview of segments and the healthcare system. The report also offers information on reimbursement policies and the regulatory landscape.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. These syndicated models include demand and supply-side primary sources including Key opinion leaders. In addition, determine market trends through real-world data sources including databases of government procedures and hospital purchasing.
Companies covered -DePuy Synthes Inc, ZimVie Inc, Stryker Corp, Exactech Inc, Arthrex Inc, LimaCorporate SpA, Mathys AG Bettlach, Smith & Nephew Plc, and Others.
Countries covered: United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina and Chile.
Scope
- Extensive coverage of the shoulder replacement market under development.
- An exhaustive list of major pipeline products and their details, including product description, licensing and collaboration details, and other developmental activities.
- Reviews of major players involved in the development of the shoulder replacement market market and lists all their pipeline projects.
- Coverage of pipeline products based on various stages of development ranging from early development to approved/issued stage.
- Key clinical trial data of ongoing clinical trials specific to pipeline products.
- Recent developments in the segment/industry.
Reasons to Buy
- Understand the COVID-19 impact on the shoulder replacement market.
- Design your licensing strategies through a review of products, technologies, and companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving the shoulder replacement market.
- Understand the trends, innovative product launches, technologies, segments, and companies that will impact the market in the future.
- Formulate effective sales and marketing strategies with a detailed evaluation of shoulder replacement market share by company. Identify strong competitors and create winning strategies to stand out in the global infusion pumps market.
- Track regional shoulder replacement market sales as well as country-specific transactions from 2015-2033.
- Organize your sales and marketing efforts by identifying the global shoulder replacement market segments that present maximum opportunities. Such details will help to make investments and strategic partnerships.
ZimVie Inc
Stryker Corp
Exactech Inc
Arthrex Inc
Limacorporate SpA
Mathys AG Bettlach
Smith & Nephew Plc
Others.
Frequently asked questions
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What was the Shoulder Replacement market size in 2023?
The Shoulder Replacement market size was $1.59 billion in 2023.
-
Which region dominated the Shoulder Replacement market in 2023?
North America dominated the overall Shoulder Replacement market in 2023.
-
Which segment dominated the Shoulder Replacement market in 2023?
Reverse Shoulder Replacement dominated the Shoulder Replacement market in 2023.
-
Which are the leading companies in the Shoulder Replacement market?
A few of the leading companies in the Shoulder Replacement market are DePuy Synthes Inc., ZimVie Inc., Stryker Corp, Exactech Inc., and Arthrex Inc., among others.
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