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Shoulder Replacement Market - Growth, Trends, and Forecast (2020 - 2025)

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  • 111 Pages
  • June 2020
  • Region: Global
  • Mordor Intelligence
  • ID: 5119988
The increasing incidence of arthritis is the leading cause of disability among adults in the United States. According to the Centers for Disease Control and Prevention, with the aging of the US population, the prevalence of doctor-diagnosed arthritis is expected to increase in the coming years. By the year 2040, an estimated of 78.4 million adults aged 18 years and older have been diagnosed with arthritis, compared with the 54.4 million adults in 2013-2015. Two-thirds of those among them suffering with arthritis are women. Hence, the number of the arthritis patients is increasing worldwide and as the number of patient pool increases, the demand for the shoulder replacement also increases. Hence, the growing number of the arthritis population is likely to increase the demand of the shoulder replacement market.

Key Market Trends

Anatomical Shoulder Prosthesis is Expected to Witness Healthy Growth

Arthroplasty has proved to be one of the most reliable treatment option for degenerative joint diseases of the shoulder. There has been several advancements in the implant designs over the last 60 years to address the initial problems encountered in arthroplasty which include restoration of function and implant loosening. Despite the fact that reverse shoulder arthroplasty (RSA) has become the most commonly performed type of shoulder replacement in the major countries such as United States and United Kingdom, total anatomical shoulder arthroplasty (TSA) has remained as a well-established treatment for osteoarthritis in patients with a competent rotator cuff. Patients with osteoarthritis that are treated with TSA can nowadays expect a lasting, significant improvement in pain and function. Due to this efficacy of anatomical shoulder arthroplasty, the same is expected to gain more attention in the future which will rsult in the growth of this segment.

United States Dominate the Overall Market

The medical device industry in North America is one of the largest in the world and in-house manufacturing of the devices is largely done in countries such as United States. With presence of major international compnies that are in medical device business, United States and Canada are becoming largest hotspot for the medical device industry. Added to that, development of healthcare system in the US and Canada is fuelling the market studied as there are certain favorable reimbursement policies which help the patients to gain treatment at affordable cost. Hence, owing to such factors, North America currently dominates the market and is believed to follow the same trend over the forecast period.

Competitive Landscape

The market studied is moderately competitive and consists of local and international companies. Most of the major players in this market are focusing on expansion to the developing economies to gain the market share. Also, several companies are coming up with the new product launches which is helping them to sustain their presence in the global market.

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Table of Contents

1.1 Study Assumptions
1.2 Scope of the Study
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Arthritis Population
4.2.2 Advancement in Shoulder Replacement Technology
4.3 Market Restraints
4.3.1 Post-operative Risks of Surgery
4.3.2 Cost of the Procedure
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5.1 By Type
5.1.1 Anatomical Shoulder Prosthesis
5.1.2 Reverse Shoulder Prosthesis
5.2 By Procedure
5.2.1 Resurfacing Hemiarthroplasty
5.2.2 Reverse Total Shoulder Replacement
5.2.3 Stemmed Hemiarthroplasty
5.2.4 Total Shoulder Replacement
5.3 By End-User
5.3.1 Hospitals
5.3.2 Orthopedic Centers
5.3.3 Others
5.4 Geography
5.4.1 North America United States Canada Mexico
5.4.2 Europe Germany United Kingdom France Italy Spain Rest of Europe
5.4.3 Asia-Pacific China Japan India Australia South Korea Rest of Asia-Pacific
5.4.4 Middle-East & Africa GCC South Africa Rest of Middle-East & Africa
5.4.5 South America Brazil Argentina Rest of South America
6.1 Company Profiles
6.1.1 Arthrex Inc.
6.1.2 Zimmer Biomet
6.1.3 Integra Lifesciences Holdings Corporation
6.1.4 Johnson and Johnson
6.1.5 Smith & Nephew
6.1.6 Wright Medical Group
6.1.7 Stryker Corporation
6.1.8 DJO Global

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Arthrex Inc.
  • Zimmer Biomet
  • Integra Lifesciences Holdings Corporation
  • Johnson and Johnson
  • Smith & Nephew
  • Wright Medical Group
  • Stryker Corporation
  • DJO Global