Global Market Study on Shoulder Replacement: Anatomical Shoulder Prosthesis Segment Projected to be the Most Lucrative Implant Type


Shoulder Replacement Market
  • Published On : Aug-2017 |
  • Pages : 223 Pages |
  • Format :

A global view of the Shoulder Replacement Market

In a new publication titled “Shoulder Replacement Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025),” Persistence Market Research has taken a broad view of the global market on shoulder replacement. This comprehensive research study covers various trends, opportunities, challenges, drivers, restraints, and macroeconomic factors etc. that have a direct impact on market revenue growth across the important geographies of North America, Europe, Latin America, Asia Pacific and Middle East and Africa. This gives a 3600 angle to the market covering all major aspects influencing it. This can help the reader chalk out regions and segments with optimum potential, which can be used to slate different strategies and investment decisions. Moreover, the research report is free from bias, giving a realistic picture of the global shoulder replacement market. The report consists of figures and tables along with statistical explanations from which vital inferences are drawn.

To achieve this purpose of a holistic meaningful research, a robust market segmentation is carried out to provide clarity on the direction one should step foot on. The report on the shoulder replacement market is segmented into the following categories.

Implant Type

  • Anatomical Shoulder Prosthesis
  • Reverse Shoulder Prosthesis

End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Orthopedic Clinics

Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific (APAC)
  • Middle East and Africa (MEA)

Research Methodology

The research process followed at Persistence Market Research to carry our market analyses is unparalleled and reflects greater accuracy. The initial secondary research gives a broad view of the market from which essentials are drawn. A direction is obtained from which next steps are slated and research is continued. A primary research is carried out involving several interviews based on the secondary research and the pre-defined market definition. The research process includes evaluation followed by validation of the numbers at each step of the primary research. The key opinions of market leaders, market observers and other external sources is also considered and with the help of a triangulation process, a certain data entry is obtained that represents the present and future of that particular sub segment/segment in a particular region during the forecast period.

Competitive analysis – know what others practice

The shoulder replacement market research report covers all the key tier players involved in the global market. A separate chapter on competitive landscape is included in the study that gives a glimpse of the strategies applied by the key players, their product portfolios, their innovations, developments and product evolutions, their area wise spread and future expansion plans, the mergers and acquisitions taking or taken place, the market shares and revenues of these tier players, financials, key personnel, etc.

There are several reasons for you to invest in the shoulder replacement market research report; however, the main aspects that actually add value are – the unbiased nature of the research data collection, a detailed, comprehensive, and robust segmentation of the global market, the key trends and developments taking place in the market, statistical analyses reaching maximum accuracy, global market forecasts that give an idea about the future market scenario based on the current and the past market dynamics, and assisting the reader in slating important strategies in order to maintain the right tempo and overcome the challenges caused by the changing market dynamics to achieve competitive advantage.

Actionable insights – lifting the magnitude of the researched acumen

This comprehensive research report on the global shoulder replacement market provides valuable insights with weighted analysis to the reader. Every organization has its own integral research team, which strives to gather sufficient research data pertaining to the market in question. Persistence Market Research aims at doing all the heavy lifting for organizations by providing insights that can be actioned by the organization’s research team thereby adding value to their research acumen and objectives.

The global shoulder replacement market is estimated to grow at a CAGR of 7.8% during the period of forecast, 2017 to 2025 and is anticipated to be valued at US$ 2898.2 Mn by the end of 2025.

Anatomical Shoulder Prosthesis to show dominance

The global shoulder replacement market by implant type is segmented into anatomical shoulder prosthesis and reverse shoulder prosthesis. The anatomical shoulder prosthesis segment is anticipated to grow at an exponential growth rate and is poised to register a CAGR of 8.1% throughout the period of forecast. The anatomical shoulder prosthesis segment dominates the global market by reflecting a market value of about US$ 1 Bn in 2017 and is estimated to reach a value of about US$ 2 Bn by the end of 2025 with a market share of about 69%; thereby dominating the global shoulder replacement market by implant type.

shoulder replacement market

North America to remain a more lucrative region

North America is projected to show higher lucrativeness in the global shoulder replacement market with respect to implant type. The anatomical shoulder prosthesis segment is expected to remain the most dominating segment in the North America shoulder replacement market and is poised to register a CAGR of 8.8% during the period of forecast, reflecting an incremental opportunity of US$ 423.9 Mn between 2017 and 2025. Reverse shoulder prosthesis segment by implant type also shows competitive growth rising at a CAGR of 8.6%; however, possesses a market share that is almost half of the anatomical shoulder prosthesis segment’s market share by revenue. The anatomical shoulder prosthesis segment shows a market attractiveness index of 1.3 in the North America region.

Drivers impacting the global shoulder replacement market

  • Increase in the number of surgeries due to advancements in technology
  • The rising popularity and success of reverse total shoulder arthroplasty for rotator cuff arthropathy
  • Increasing medical infrastructure and medical facilities
  • The change in methodology of purchasing low cost and low quality products has changed; high quality given preference
  • Several international collaborations have expanded the domestic reach
  • Increase in the number of medical tourists due to the rising medical tourism sector
  • Increased focus on cost efficiency in both developing and developed economies
  • Technologically advanced products substituting traditional devices resulting in reduced patient outcomes and reduced surgical time
  • Alliance formation for better knowledge exchange
  • Utilization of robotics in surgeries to avoid severe complications

Asia Pacific to position itself as an opportunistic region

After North America, Asia Pacific (APAC) is expected to be the most opportunistic region favorable for the shoulder prosthesis market by implant type. The anatomical shoulder prosthesis segment is anticipated to register a robust growth rate and is poised to grow at a CAGR of 7.9% throughout the period of forecast in the Asia Pacific region. The reverse shoulder prosthesis segment however, shows moderate growth in this region. This trend is expected to continue during the period of 2017 to 2025 owing to various aspects that favor the global shoulder replacement market in the APAC region. This region is a hot spot for several medical device manufacturers. Asia Pacific also shows higher healthcare spending that will transform into high growth potential for many MNCs as well as local medical device players. Moreover, the increasing life expectancy of the people in the region along with rising disposable income has transformed Asia Pacific into a hub favorable for several industries, especially healthcare, thereby attracting more foreign companies to invest in this opportunity filled region. The rising medical tourism owing to low cost and government regulations that assist domestic companies in gaining edge in the Asian medical devices market has spurred the lucrativeness of the APAC region for shoulder replacement on a global scale, especially for the implant type category.

Company Profiles 

  • DePuy Synthes
  • DJO Surgical
  • Integra LifeSciences
  • Smith & Nephew
  • Stryker Corporation
  • Zimmer Biomet
  • Arthrex Inc
  • Lima Corporate
  • Wright Medical Group
  • Exactech and Tornier, Inc.
  • B. Braun Melsungen AG
  • Others.
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