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.
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Report Attribute |
Specifications |
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Market Size Value In 2022 |
USD 1.55 Bn |
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Revenue Forecast In 2031 |
USD 2.62 Bn |
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Growth Rate CAGR |
CAGR of 6.10 % from 2023 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2023 to 2031 |
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Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Type, Procedure, End-User |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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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 |
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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 |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Shoulder Replacement Market Snapshot
Chapter 4. Global Shoulder Replacement Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: By Type Estimates & Trend Analysis
5.1. By Type, & Market Share, 2020 & 2031
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2031 for the following By Type:
5.2.1. Anatomical Shoulder Prosthesis
5.2.2. Reverse Shoulder Prosthesis
Chapter 6. Market Segmentation 2: By Procedure Estimates & Trend Analysis
6.1. By Procedure & Market Share, 2020 & 2031
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2031 for the following By Procedure:
6.2.1. Resurfacing Hemiarthroplasty
6.2.2. Reverse Total Shoulder Replacement
6.2.3. Stemmed Hemiarthroplasty
6.2.4. Total Shoulder Replacement
Chapter 7. Market Segmentation 3: By End-User Estimates & Trend Analysis
7.1. By End-User & Market Share, 2020 & 2031
7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2031 for the following By End-User:
7.2.1. Hospitals
7.2.2. Orthopedic Centers
7.2.3. Others
Chapter 8. Shoulder Replacement Market Segmentation 4: Regional Estimates & Trend Analysis
8.1. North America
8.1.1. North America Shoulder Replacement Market revenue (US$ Million) estimates and forecasts By Type, 2019-2031
8.1.2. North America Shoulder Replacement Market revenue (US$ Million) estimates and forecasts By Procedure, 2019-2031
8.1.3. North America Shoulder Replacement Market revenue (US$ Million) estimates and forecasts By End-User, 2019-2031
8.1.4. North America Shoulder Replacement Market revenue (US$ Million) estimates and forecasts by country, 2019-2031
8.2. Europe
8.2.1. Europe Shoulder Replacement Market revenue (US$ Million) By Type, 2019-2031
8.2.2. Europe Shoulder Replacement Market revenue (US$ Million) By Procedure, 2019-2031
8.2.3. Europe Shoulder Replacement Market revenue (US$ Million) By End-User, 2019-2031
8.2.4. Europe Shoulder Replacement Market revenue (US$ Million) by country, 2019-2031
8.3. Asia Pacific
8.3.1. Asia Pacific Shoulder Replacement Market revenue (US$ Million) By Type, 2019-2031
8.3.2. Asia Pacific Shoulder Replacement Market revenue (US$ Million) By Procedure, 2019-2031
8.3.3. Asia Pacific Shoulder Replacement Market revenue (US$ Million) By End-User, 2019-2031
8.3.4. Asia Pacific Shoulder Replacement Market revenue (US$ Million) by country, 2019-2031
8.4. Latin America
8.4.1. Latin America Shoulder Replacement Market revenue (US$ Million) By Type, (US$ Million) 2019-2031
8.4.2. Latin America Shoulder Replacement Market revenue (US$ Million) By Procedure, (US$ Million) 2019-2031
8.4.3. Latin America Shoulder Replacement Market revenue (US$ Million) By End-User, (US$ Million) 2019-2031
8.4.4. Latin America Shoulder Replacement Market revenue (US$ Million) by country, 2019-2031
8.5. Middle East & Africa
8.5.1. Middle East & Africa Shoulder Replacement Market revenue (US$ Million) By Type, (US$ Million) 2019-2031
8.5.2. Middle East & Africa Shoulder Replacement Market revenue (US$ Million) By Procedure, (US$ Million) 2019-2031
8.5.3. Middle East & Africa Shoulder Replacement Market revenue (US$ Million) By End-User, (US$ Million) 2019-2031
8.5.4. Middle East & Africa Shoulder Replacement Market revenue (US$ Million) by country, 2019-2031
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. Arthrex Inc
9.2.2. Zimmer Biomet Holdings Inc
9.2.3. Integra LifeSciences Corp
9.2.4. Johnson & Johnson
9.2.5. Smith & Nephew PLC
9.2.6. Wright Medical Group NV
9.2.7. Stryker Corp
9.2.8. DJO Global Inc
9.2.9. Acumed Inc
9.2.10. Exactech Inc
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-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
