Shoulder Replacement Market Size, Share & Trends Analysis Report By Type (Anatomical Shoulder Prosthesis, Reverse Shoulder Prosthesis), By Procedure (Resurfacing Hemiarthroplasty, Reverse Total Shoulder Replacement, Stemmed Hemiarthroplasty, Total Shoulder Replacement), By End-User (Hospitals, Orthopedic Centers, Others), By Region, And By Segment Forecasts, 2023-2031.

Shoulder Replacement Market Size is valued at USD 1.55 Bn in 2022 and is predicted to reach USD 2.62 Bn by the year 2031 at a 6.10% CAGR during the forecast period for 2023-2031.

Shoulder arthroplasty, also known as shoulder replacement surgery, involves replacing the ball and sometimes the socket of the shoulder joint using a prosthesis composed of metal and polyethylene components. This surgical procedure is referred to as shoulder arthroplasty. The treatment options include replacing only the head of the humerus bone (the ball) or replacing both the ball and the socket (the glenoid). The increasing elderly population is propelling the growth of the shoulder arthroplasty market. The ageing demographic contributes to a rising number of replacement surgeries for various reasons, including accidents and degenerative conditions, which are significant drivers for market expansion.

Furthermore, the growing popularity of organized sports, as well as the increasing adoption of exercise and fitness routines, is expected to boost market growth. Additionally, advancements in research and development capabilities and the growing incidence of sports-related shoulder injuries are anticipated to drive market growth. Moreover, the increasing prevalence of bone-related issues among patients, combined with a large population base, is poised to fuel market growth during the forecast period.

However, several factors hinder market growth. These include a high rate of surgical treatment failures, a lack of well-established healthcare infrastructure in low-income countries, insufficient medical reimbursement and coverage, and a lack of advanced medical technology, all of which pose challenges to market expansion during the forecast period. 

Competitive Landscape

Some Major Key Players In The Shoulder Replacement Market:

• Arthrex
• Johnson and Johnson
• Zimmer Biomet
• Wright Medical Group
• Stryker Corporation
• Integra LifeSciences Corp
• Smith & Nephew PLC
• DJO Global Inc
• Acumed Inc
• Exactech Inc
• Braun Melsungen
• Lima Corp.
• DePuy Synthes
• Others

Market Segmentation:

The shoulder replacement market is categorized as Type, Procedure And End-Users. Based on type, the market is segmented as anatomical shoulder prosthesis and reverse shoulder prosthesis. By procedure, the market is segmented into resurfacing hemiarthroplasty, reverse total shoulder replacement, stemmed hemiarthroplasty and total shoulder replacement. Based on end users, the shoulder replacement market is segmented into hospitals, orthopaedic centres and others.

Based On The Product, The Anatomical Shoulder Arthroplasty Segment Is A Major Contributor To The Shoulder Replacement Market. 

The anatomical shoulder arthroplasty category is expected to hold a major share of the global Shoulder Replacement market in 2022. Arthroplasty has emerged as one of the most reliable treatment options for degenerative joint conditions affecting the shoulder. Over the years, there have been significant advancements in implant designs to address initial challenges encountered in arthroplasty, such as restoring function and preventing prosthesis loosening. While reverse shoulder arthroplasty has become the dominant form of shoulder replacement in prominent countries like the US and the UK, anatomical shoulder arthroplasty has remained an excellent choice for individuals with osteoarthritis and a functional rotator cuff. Patients with osteoarthritis undergoing anatomical shoulder arthroplasty can expect long-term and substantial improvements in pain relief and mobility. Given the effectiveness of anatomical shoulder arthroplasty, it is anticipated to garner increased attention, thereby contributing to the growth of this particular segment.

The Hospitals Category Witnessed Growth At A Rapid Rate.

The hospital segment is projected to develop at a rapid rate in the global Shoulder Replacement market. Hospitals participating in the Shoulder Replacement Market might be increasing their capacity to accommodate more patients seeking these procedures. This could involve the addition of surgical facilities, dedicated orthopaedic teams, and advanced equipment. There is an upward trend in establishing new healthcare facilities, specifically those equipped and capable of performing shoulder replacement surgeries. This expansion of healthcare infrastructure indicates a response to the growing demand for such procedures. 

In The Region, The North American Shoulder Replacement Market Holds A Significant Revenue Share.

The North American shoulder replacement market is expected to register a tremendous market share in terms of revenue in the near future. The presence of prominent global medical device firms in the region plays a pivotal role. Additionally, the market in this area benefits from increased awareness about shoulder arthroplasties, a rising incidence of arthritis cases, and the growing acceptance of automated surgical tools, all of which contribute to its growth.

In addition, the Asia Pacific regional market is anticipated to develop at the fastest rate in the global shoulder replacement market. The customer base within the local market is experiencing a significant increase, driven in part by the growing phenomenon of medical tourism in certain areas. Domestic healthcare providers receive backing from government regulations and a favourable reimbursement environment.

However, it's worth noting that the elevated expenses associated with healthcare remain a significant concern for patients in developing regions, particularly in the Asia Pacific region. This circumstance has prompted industry participants to introduce more budget-friendly products tailored to cost-conscious markets.

Recent Developments:

• In Sept. 2022, Zimmer Biomet Holdings, Inc. received 510(k) certification from the U.S. FDA for the Identity™ Shoulder System, designed to facilitate anatomic, reverse, and revision shoulder replacements. The Identity Shoulder System is a convertible device that optimizes the range of motion and pain relief by aligning the approach of each surgeon with the anatomy of a specific patient through proprietary technologies.

• In Feb 2022, Stryker unveiled its Tornier Shoulder Arthroplasty Portfolio and commenced the European release of the Tornier Perform Humeral System.

Shoulder Replacement Market Report Scope

Segmentation of Shoulder Replacement Market-

Shoulder Replacement Market By Type

• Anatomical Shoulder Prosthesis
• Reverse Shoulder Prosthesis

Shoulder Replacement Market By Procedure

• Resurfacing Hemiarthroplasty
• Reverse Total Shoulder Replacement
• Stemmed Hemiarthroplasty
• Total Shoulder Replacement

Shoulder Replacement Market By End-User

• Hospitals
• Orthopedic Centers
• Others

Shoulder Replacement Market By Region-

North America-

• The US
• Canada
• Mexico

Europe-

• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-

• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific

Latin America-

• Brazil
• Argentina
• Rest of Latin America

 Middle East & Africa-

• GCC Countries
• South Africa
• Rest of Middle East and Africa