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.
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.
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 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.
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.
| Report Attribute | Specifications |
| Market Size Value In 2022 | USD 1.55 Bn |
| Revenue Forecast In 2031 | USD 2.62 Bn |
| Growth Rate CAGR | CAGR of 6.10 % from 2023 to 2031 |
| Quantitative Units | Representation of revenue in US$ Bn and CAGR from 2023 to 2031 |
| Historic Year | 2019 to 2022 |
| Forecast Year | 2023-2031 |
| Report Coverage | The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
| Segments Covered | By Type, Procedure, End-User |
| Regional Scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country Scope | U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia |
| Competitive Landscape | Arthrex, Johnson and Johnson, Zimmer Biomet, Wright Medical Group, Stryker Corporation, Integra LifeSciences Corp, Smith & Nephew PLC, DJO Global Inc, Acumed Inc, Exactech Inc, B. Braun Melsungen, Lima Corp., DePuy Synthes, Others |
| Customization Scope | Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
| Pricing And Available Payment Methods | Explore pricing alternatives that are customized to your particular study requirements. |
Shoulder Replacement Market By Type
Shoulder Replacement Market By Procedure
Shoulder Replacement Market By End-User
Shoulder Replacement Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
This study employed a multi-step, mixed-method research approach that integrates:
This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.
Secondary research for this study involved the collection, review, and analysis of publicly available and paid data sources to build the initial fact base, understand historical market behaviour, identify data gaps, and refine the hypotheses for primary research.
Secondary data for the market study was gathered from multiple credible sources, including:
These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.
Primary research was conducted to validate secondary data, understand real-time market dynamics, capture price points and adoption trends, and verify the assumptions used in the market modelling.
Primary interviews for this study involved:
Interviews were conducted via:
Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.
All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.
The data validation process included:
This ensured that the dataset used for modelling was clean, robust, and reliable.
The bottom-up approach involved aggregating segment-level data, such as:
This method was primarily used when detailed micro-level market data were available.
The top-down approach used macro-level indicators:
This approach was used for segments where granular data were limited or inconsistent.
To ensure accuracy, a triangulated hybrid model was used. This included:
This multi-angle validation yielded the final market size.
Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.
Given inherent uncertainties, three scenarios were constructed:
Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.