Shoulder Replacement Market (Procedure: Total Shoulder Replacement, Reverse Shoulder Replacement, Partial Shoulder Replacement, Shoulder Resurfacing, and Revision Shoulder Arthroplasty)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2022-2030

According to Nova one advisor, the global Shoulder Replacement market size was valued at USD 2.44 billion in 2021 and is predicted to hit USD 4.16 billion by 2030 with a registered CAGR of 6.20% during the forecast period 2022 to 2030.

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.

Report Scope of the Shoulder Replacement Market

Increase in Incidence of Arthritis among Geriatric Population Driving Demand for Shoulder Replacement

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.

Surge in Preference for Reverse Shoulder Arthroplasty to Fuel Global Market

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.

Economic Growth in Developing Countries Bolstering Reverse Shoulder Replacement Segment

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.

Regional Outlook of Global Shoulder Replacement Market

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.

Key Developments in Global Shoulder Replacement Market

• In August 2021, DePuy Synthes, the orthopedics company of Johnson & Johnson, announced the launch of INHANCE Shoulder System, a first-to-market, fully integrated shoulder arthroplasty system. The surgical method used in the system is intuitive and aligned with how surgeons approach patient care. INHANCE Shoulder System is the first shoulder system to provide surgeons the option to switch between stemless and stemmed implants with ease while performing different types of shoulder replacement surgery.
• In August 2021, Geisinger and Medacta, a high-growth, pure-play orthopedics company, announced that it would offer a two-year guarantee for total hip, knee, and shoulder replacement surgeries
• In July 2021, Stryker, one of the top manufacturers of medical technology in the world, unveiled the Perform Humeral Stem as its first new Tornier product, and formally unveiled the Tornier shoulder arthroplasty portfolio. The new Tornier Perform Humeral Stem elevates the industry-leading Perform anatomic and reverse glenoid and Blueprint planning software to provide clinical solutions for even the most challenging shoulder arthroplasty cases. It is designed to be used in hemiarthroplasty, reverse, and anatomic shoulder replacement surgery. In the event of revision, it permits conversion from an anatomic to a reverse shoulder prosthesis.

 Some of the prominent players in the Shoulder Replacement Market include:

• Johnson & Johnson
• DJO
• Integra LifeSciences
• Smith and Nephew
• Stryker
• Zimmer Biomet
• Arthrex
• Lima
• Wright Medical Group
• Exactech
• B. Braun Melsungen

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Nova one advisor, Inc. has segmented the global Shoulder Replacement market

• Procedure
• Total Shoulder Replacement
• Reverse Shoulder Replacement
• Partial Shoulder Replacement
• Shoulder Resurfacing
• Revision Shoulder Arthroplasty
• End-user
• Hospitals
• Ambulatory Surgical Centers
• Orthopedic Clinics

By Geography

North America

• U.S.
• Canada

Europe

• Germany
• France
• United Kingdom
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Rest of Latin America

Middle East & Africa (MEA)

• GCC
• North Africa
• South Africa
• Rest of Middle East & Africa

Key Benefits for Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global Shoulder Replacement industry analysis from 2022 to 2030 to identify the prevailing Shoulder Replacement industry opportunity.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the global Shoulder Replacement industry segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global Shoulder Replacement industry trends, key players, market segments, application areas, and market growth strategies.