Shoulder Replacement Market

Shoulder Replacement Market (Procedure: Total Shoulder Replacement, Reverse Shoulder Replacement, Partial Shoulder Replacement, Shoulder Resurfacing, and Revision Shoulder Arthroplasty) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

Shoulder Replacement Market Outlook 2031

  • The global shoulder replacement market was valued at US$ 2.24 Bn in 2021
  • The global market is projected to grow at a CAGR of 6.9% from 2022 to 2031
  • The global shoulder replacement market is anticipated to reach more than US$ 4.1 Bn by the end of 2031

Analysts’ Viewpoint on Shoulder Replacement Market Scenario

The global shoulder replacement market is expected to benefit from the shift from anatomic to reverse shoulder replacement surgeries by clinics for degenerative joint disorders. Manufacturers who invest in the development of advanced and customized prosthetics are likely to continue to appeal to end-users and generate significant sales opportunities. Governments too are playing a major role in assisting surgeons in expanding their skill sets, thereby increasing the number of expert surgeons. Growing trust among consumers about advanced surgeries, such as reverse shoulder replacement surgery, has encouraged manufacturers to invest in research & development activities aimed at improving patient outcomes and lowering failure rates, while investment in emerging markets could yield long-term benefits.

Shoulder Replacement Market

Shoulder Replacement Market Introduction

Shoulder joint replacement is a surgical procedure that substitutes the damaged parts of the shoulder joint with implants. It is done to ease pain and improve shoulder function. Shoulder joint operations are performed either partially or completely to repair the gleno humeral joint with a prosthetic implant made of metal and polyethylene. Shoulder joint replacement has emerged as an effective treatment option for people suffering from osteoarthritis and other conditions, particularly when nonsurgical treatments have failed.

Increase in Incidence of Arthritis among Geriatric Population Driving Demand for Shoulder Replacement

The global geriatric population is rising at an unprecedented rate. Rise in prevalence of symptomatic shoulder arthritis and proximal humerus rupture among the population is propelling the global shoulder replacement market. Rise in prevalence of arthritis is the primary cause of disability among adults. The National Institute for Health and Care Research (NIHR) conducted an analysis in 2021 based on nine studies, including 6 articles about patient-reported outcomes and 529 total and 364 partial shoulder replacements (of 530 shoulder replacements). It included a national joint registry for Australia that offered 10-year follow-up on 7,651 total, 7,953 reverse total, and 1,395 partial shoulder replacements. The NIHR analysis indicated that nine in 10 shoulder joint replacements last at least ten years. This is likely to propel the global shoulder replacement market size in the next few years.

Surge in Preference for Reverse Shoulder Arthroplasty to Fuel Global Market

Rise in the prevalence of shoulder joint disorders and increase in geriatric population are driving the demand for surgical shoulder arthroplasty procedures. Preference for reverse shoulder arthroplasty is increasing among orthopedic surgeons and patients. It is a surgical procedure in which the locations of the ball and socket in the shoulder joint are switched or reversed. The glenoid is replaced by a metal ball and the humeral head is replaced by a plastic socket.

Economic Growth in Developing Countries Bolstering Reverse Shoulder Replacement Segment

In terms of procedure, the reverse shoulder replacement segment is projected to account for more than 45% of the global shoulder replacement market share by 2031. Increase in R&D activities in the field of reverse shoulder arthroplasty technology and economic growth in developing countries are expected to propel the reverse shoulder replacement segment during the forecast period.

Regional Outlook of Global Shoulder Replacement Market

North America dominated the global shoulder replacement market in 2021. The trend is expected to continue during the forecast period. Presence of major international medical device companies has made the U.S. and Canada the largest medical device hotspots. Furthermore, advances in healthcare system in the two counties are driving the shoulder replacement market in North America. According to World Bank 2020 data, around 16.9% of the population of the U.S. was 65 or older in 2020, and the figure is expected to rise to 22% by 2050. The number of adults with doctor-diagnosed arthritis in the country is expected to rise by 49% to reach 78.4 million (25.9% of all adults). According to a report published in March 2020 by Weinstein Legal, nearly 30 million children and adolescents participate in youth sports in the U.S. each year, which is expected to drive the demand for shoulder replacement devices in the country.

Asia Pacific has witnessed high healthcare spending in the last few years, which would translate into high growth opportunities for global and local medical device players. Rise in disposable income and increase in life expectancy have transformed Asia Pacific into a hub favorable for several industries, particularly healthcare, attracting more foreign companies to invest in the region.

Analysis of Key Players in Global Shoulder Replacement Market

The global shoulder replacement market is fragmented, with the presence of large number of large-scale players. Several companies are investing in product portfolio expansion and mergers & acquisitions. Johnson and Johnson, DJO, Integra LifeSciences, Smith and Nephew, Stryker, Zimmer Biomet, Arthrex, Lima, Wright Medical Group, Exactech, and B. Braun Melsungen are the prominent players operating in the global shoulder replacement market.

Key Developments in Global Shoulder Replacement Market

  • In August 2021, DePuy Synthes, the orthopedics company of Johnson & Johnson, announced the launch of INHANCE Shoulder System, a first-to-market, fully integrated shoulder arthroplasty system. The surgical method used in the system is intuitive and aligned with how surgeons approach patient care. INHANCE Shoulder System is the first shoulder system to provide surgeons the option to switch between stemless and stemmed implants with ease while performing different types of shoulder replacement surgery.
  • In August 2021, Geisinger and Medacta, a high-growth, pure-play orthopedics company, announced that it would offer a two-year guarantee for total hip, knee, and shoulder replacement surgeries
  • In July 2021, Stryker, one of the top manufacturers of medical technology in the world, unveiled the Perform Humeral Stem as its first new Tornier product, and formally unveiled the Tornier shoulder arthroplasty portfolio. The new Tornier Perform Humeral Stem elevates the industry-leading Perform anatomic and reverse glenoid and Blueprint planning software to provide clinical solutions for even the most challenging shoulder arthroplasty cases. It is designed to be used in hemiarthroplasty, reverse, and anatomic shoulder replacement surgery. In the event of revision, it permits conversion from an anatomic to a reverse shoulder prosthesis.

Each of these players has been profiled in the shoulder replacement market report based on parameters such as company overview, financial overview, business strategies, application portfolio, business segments, and recent developments.

Global Shoulder Replacement Market Snapshot

Attribute

Detail

Market Size Value in 2021

US$ 2.24 Bn

Market Forecast Value in 2031

More than US$ 4.1 Bn

Growth Rate (CAGR)

6.9%

Forecast Period

2022–2031

Historical Data Available for

2017–2020

Quantitative Units

US$ Bn for Value

Market Analysis

It includes segment analysis as well as regional level analysis. Moreover, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.

Competition Landscape

  • Market share analysis by company (2021)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • Procedure
    • Total Shoulder Replacement
    • Reverse Shoulder Replacement
    • Partial Shoulder Replacement
    • Shoulder Resurfacing
    • Revision Shoulder Arthroplasty
  • End-user
    • Hospitals
    • Ambulatory Surgical Centers
    • Orthopedic Clinics

Regions Covered

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Russia & CIS
  • Japan
  • China
  • India
  • ASEAN
  • Brazil
  • Mexico
  • GCC Countries
  • South Africa

Companies Profiled

  • Johnson & Johnson
  • DJO
  • Integra LifeSciences
  • Smith and Nephew
  • Stryker
  • Zimmer Biomet
  • Arthrex
  • Lima
  • Wright Medical Group
  • Exactech
  • B. Braun Melsungen

Customization Scope

Available upon request

Pricing

Available upon request

Frequently Asked Questions

How big was the global shoulder replacement market in 2021?

The global shoulder replacement market was valued at US$ 2.24 Bn in 2021.

How big will be the global shoulder replacement market in 2031?

The global shoulder replacement market is projected to reach more than US$ 4.1 Bn by 2031.

What will be the CAGR of global shoulder replacement market during the forecast period (2022–2031)?

The global shoulder replacement market is anticipated to grow at a CAGR of 6.9% from 2022 to 2031.

What are the prominent trends that affect market growth?

Increase in arthritis cases due to aging population and surge in demand for reverse shoulder arthroplasty.

What is the market share of the leading segment of the global shoulder replacement market?

The reverse shoulder replacement segment held more than 50% share of the global shoulder replacement market in 2021.

Which region will account for major share of the global market during the forecast period?

North America is expected to account for major share of the global shoulder replacement market during the forecast period.

Who are the prominent players in the global shoulder replacement market?

Prominent players in the global shoulder replacement market are Johnson & Johnson, DJO, Integra LifeSciences, Smith and Nephew, Stryker, Zimmer Biomet, Arthrex, Lima, Wright Medical Group, Exactech, and B. Braun Melsungen..

1. Preface

    1.1. Market Definition and Scope

    1.2. Market Segmentation

    1.3. Key Research Objectives

    1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary: Global Shoulder Replacement Market

4. Market Overview

    4.1. Introduction

        4.1.1. Product Definition

        4.1.2. Industry Evolution / Developments

    4.2. Overview

    4.3. Market Dynamics

        4.3.1. Drivers

        4.3.2. Restraints

        4.3.3. Opportunities

    4.4. Global Shoulder Replacement Market Analysis and Forecast, 2017–2031

5. Key Insights

    5.1. Regulatory Scenario by Region/globally

    5.2. Reimbursement Scenario by Region/globally

    5.3. COVID-19 Impact

6. Global Shoulder Replacement Market Analysis and Forecast, by Procedure

    6.1. Introduction & Definition

    6.2. Key Findings / Developments

    6.3. Market Value Forecast, by Procedure, 2017–2031

        6.3.1. Total Shoulder Replacement

        6.3.2. Reverse Shoulder Replacement

        6.3.3. Partial Shoulder Replacement

        6.3.4. Shoulder Resurfacing

        6.3.5. Revision Shoulder Arthroplasty

    6.4. Market Attractiveness Analysis, by Procedure

7. Global Shoulder Replacement Market Analysis and Forecast, by End-user

    7.1. Introduction & Definition

    7.2. Key Findings / Developments

    7.3. Market Value Forecast, by End-user, 2017–2031

        7.3.1. Hospitals

        7.3.2. Ambulatory Surgical Centers

        7.3.3. Orthopedic Clinics

    7.4. Market Attractiveness Analysis, by End-user

8. Global Shoulder Replacement Market Analysis and Forecast, by Region

    8.1. Key Findings

    8.2. Market Value Forecast, by Region

        8.2.1. North America

        8.2.2. Europe

        8.2.3. Asia Pacific

        8.2.4. Latin America

        8.2.5. Middle East & Africa

    8.3. Market Attractiveness Analysis, by Region

9. North America  Shoulder Replacement Market Analysis and Forecast

    9.1. Introduction

        9.1.1. Key Findings

    9.2. Market Value Forecast, by Procedure, 2017–2031

        9.2.1. Total Shoulder Replacement

        9.2.2. Reverse Shoulder Replacement

        9.2.3. Partial Shoulder Replacement

        9.2.4. Shoulder Resurfacing

        9.2.5. Revision Shoulder Arthroplasty

    9.3. Market Value Forecast, by End-user, 2017–2031

        9.3.1. Hospitals

        9.3.2. Ambulatory Surgical Centers

        9.3.3. Orthopedic Clinics

    9.4. Market Value Forecast, by Country, 2017–2031

        9.4.1. U.S.

        9.4.2. Canada

    9.5. Market Attractiveness Analysis

        9.5.1. By Procedure

        9.5.2. By End-user

        9.5.3. By Country

10. Europe  Shoulder Replacement Market Analysis and Forecast

    10.1. Introduction

        10.1.1. Key Findings

    10.2. Market Value Forecast, by Procedure, 2017–2031

        10.2.1. Total Shoulder Replacement

        10.2.2. Reverse Shoulder Replacement

        10.2.3. Partial Shoulder Replacement

        10.2.4. Shoulder Resurfacing

        10.2.5. Revision Shoulder Arthroplasty

    10.3. Market Value Forecast, by End-user, 2017–2031

        10.3.1. Hospitals

        10.3.2. Ambulatory Surgical Centers

        10.3.3. Orthopedic Clinics

    10.4. Market Value Forecast, by Country/Sub-region, 2017–2031

        10.4.1. Germany

        10.4.2. U.K.

        10.4.3. France

        10.4.4. Italy

        10.4.5. Spain

        10.4.6. Rest of Europe

    10.5. Market Attractiveness Analysis

        10.5.1. By Procedure

        10.5.2. By End-user

        10.5.3. By Country/Sub-region

11. Asia Pacific  Shoulder Replacement Market Analysis and Forecast

    11.1. Introduction

        11.1.1. Key Findings

    11.2. Market Value Forecast, by Procedure, 2017–2031

        11.2.1. Total Shoulder Replacement

        11.2.2. Reverse Shoulder Replacement

        11.2.3. Partial Shoulder Replacement

        11.2.4. Shoulder Resurfacing

        11.2.5. Revision Shoulder Arthroplasty

    11.3. Market Value Forecast, by End-user, 2017–2031

        11.3.1. Hospitals

        11.3.2. Ambulatory Surgical Centers

        11.3.3. Orthopedic Clinics

    11.4. Market Value Forecast, by Country/Sub-region, 2017–2031

        11.4.1. China

        11.4.2. Japan

        11.4.3. India

        11.4.4. Australia & New Zealand

        11.4.5. Rest of Asia Pacific

    11.5. Market Attractiveness Analysis

        11.5.1. By Procedure

        11.5.2. By End-user

        11.5.3. By Country/Sub-region

12. Latin America  Shoulder Replacement Market Analysis and Forecast

    12.1. Introduction

        12.1.1. Key Findings

    12.2. Market Value Forecast, by Procedure, 2017–2031

        12.2.1. Total Shoulder Replacement

        12.2.2. Reverse Shoulder Replacement

        12.2.3. Partial Shoulder Replacement

        12.2.4. Shoulder Resurfacing

        12.2.5. Revision Shoulder Arthroplasty

    12.3. Market Value Forecast, by End-user, 2017–2031

        12.3.1. Hospitals

        12.3.2. Ambulatory Surgical Centers

        12.3.3. Orthopedic Clinics

    12.4. Market Value Forecast, by Country/Sub-region, 2017–2031

        12.4.1. Brazil

        12.4.2. Mexico

        12.4.3. Rest of Latin America

    12.5. Market Attractiveness Analysis

        12.5.1. By Procedure

        12.5.2. By End-user

        12.5.3. By Country/Sub-region

13. Middle East & Africa Shoulder Replacement Market Analysis and Forecast

    13.1. Introduction

        13.1.1. Key Findings

    13.2. Market Value Forecast, by Procedure, 2017–2031

        13.2.1. Total Shoulder Replacement

        13.2.2. Reverse Shoulder Replacement

        13.2.3. Partial Shoulder Replacement

        13.2.4. Shoulder Resurfacing

        13.2.5. Revision Shoulder Arthroplasty

    13.3. Market Value Forecast, by End-user, 2017–2031

14. Competition Landscape

    14.1. Market Player - Competition Matrix (by tier and size of companies)

    14.2. Market Share Analysis, by Company, 2021

    14.3. Company Profiles

        14.3.1. Zimmer Biomet

            14.3.1.1. Company Overview (HQ, Business Segments, Employee Strength)

            14.3.1.2. Financial Analysis

            14.3.1.3. Growth Strategies

            14.3.1.4. SWOT Analysis

        14.3.2. Wright Medical Group N.V.

            14.3.2.1. Company Overview (HQ, Business Segments, Employee Strength)

            14.3.2.2. Financial Analysis

            14.3.2.3. Growth Strategies

            14.3.2.4. SWOT Analysis

        14.3.3. Stryker

            14.3.3.1. Company Overview (HQ, Business Segments, Employee Strength)

            14.3.3.2. Financial Analysis

            14.3.3.3. Growth Strategies

            14.3.3.4. SWOT Analysis

        14.3.4. DePuy Synthes

            14.3.4.1. Company Overview (HQ, Business Segments, Employee Strength)

            14.3.4.2. Financial Analysis

            14.3.4.3. Growth Strategies

            14.3.4.4. SWOT Analysis

        14.3.5. Smith & Nephew

            14.3.5.1. Company Overview (HQ, Business Segments, Employee Strength)

            14.3.5.2. Financial Analysis

            14.3.5.3. Growth Strategies

            14.3.5.4. SWOT Analysis

        14.3.6. DJO Global

            14.3.6.1. Company Overview (HQ, Business Segments, Employee Strength)

            14.3.6.2. Financial Analysis

            14.3.6.3. Growth Strategies

            14.3.6.4. SWOT Analysis

        14.3.7. Arthrex, Inc.

            14.3.7.1. Company Overview (HQ, Business Segments, Employee Strength)

            14.3.7.2. Financial Analysis

            14.3.7.3. Growth Strategies

            14.3.7.4. SWOT Analysis

        14.3.8. Exatech, Inc.

            14.3.8.1. Company Overview (HQ, Business Segments, Employee Strength)

            14.3.8.2. Financial Analysis

            14.3.8.3. Growth Strategies

            14.3.8.4. SWOT Analysis

        14.3.9. Integra LifeSciences Corporation.

            14.3.9.1. Company Overview (HQ, Business Segments, Employee Strength)

            14.3.9.2. Financial Analysis

            14.3.9.3. Growth Strategies

            14.3.9.4. SWOT Analysis

List of Tables

Table 01: Global Shoulder Replacement Market Value (US$ Mn) Forecast, by Procedure, 2017–2031

Table 02: Global Shoulder Replacement Market Value (US$ Mn) Forecast, by End-user, 2017–2031

Table 03: Global Shoulder Replacement Market Value (US$ Mn) Forecast, by Region, 2017–2031

Table 04: North America Shoulder Replacement Market Value (US$ Mn) Forecast, by Country, 2017–2031

Table 05: North America Shoulder Replacement Market Value (US$ Mn) Forecast, by Procedure, 2017–2031

Table 06: North America Shoulder Replacement Market Value (US$ Mn) Forecast, by End-user, 2017–2031

Table 07: Europe Shoulder Replacement Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031

Table 08: Europe Shoulder Replacement Market Value (US$ Mn) Forecast, by Procedure, 2017–2031

Table 09: Europe Shoulder Replacement Market Value (US$ Mn) Forecast, by End-user, 2017–2031

Table 10: Asia Pacific Shoulder Replacement Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031

Table 11: Asia Pacific Shoulder Replacement Market Value (US$ Mn) Forecast, by Procedure, 2017–2031

Table 12: Asia Pacific Shoulder Replacement Market Value (US$ Mn) Forecast, by End-user, 2017–2031

Table 13: Latin America Shoulder Replacement Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031

Table 14: Latin America Shoulder Replacement Market Value (US$ Mn) Forecast, by Procedure, 2017–2031

Table 15: Latin America Shoulder Replacement Market Value (US$ Mn) Forecast, by End-user, 2017–2031

Table 16: Middle East & Africa Shoulder Replacement Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031

Table 17: Middle East & Africa Shoulder Replacement Market Value (US$ Mn) Forecast, by Procedure, 2017–2031

Table 18: Middle East & Africa Shoulder Replacement Market Value (US$ Mn) Forecast, by End-user, 2017–2031

List of Figures

Figure 01: Global Shoulder Replacement Market Value Share Analysis, by Procedure, 2021 and 2031

Figure 02: Global Shoulder Replacement Market Attractiveness Analysis, by Procedure, 2022–2031

Figure 03: Global Shoulder Replacement Market Value Share Analysis, by End-user, 2021 and 2031

Figure 04: Global Shoulder Replacement Market Attractiveness Analysis, by End-user, 2017–2031

Figure 05: Global Shoulder Replacement Market Value Share Analysis, by Region (2021)

Figure 06: Global Shoulder Replacement Market, by Region, 2017- 2031

Figure 07: North America Shoulder Replacement Market Value (US$ Mn) Forecast, 2017–2031

Figure 08: North America Shoulder Replacement Market Value Share Analysis, by Procedure, 2021 and 2031

Figure 09: North America Shoulder Replacement Market Attractiveness Analysis, by Procedure, 2022– 2031

Figure 10: North America Shoulder Replacement Market Value Share Analysis (US$ Mn) Forecast, by End-user, 2021 and 2031

Figure 11: North America Shoulder Replacement Market Attractiveness Analysis, by End-user, 2022–2031

Figure 12: North America Shoulder Replacement Market Value Share Analysis, by Country, 2021 and 2031

Figure 13: North America Shoulder Replacement Market Attractiveness Analysis, by Country, 2022–2031

Figure 14: Europe Shoulder Replacement Market Value (US$ Mn) Forecast, 2017–2031

Figure 15: Europe Shoulder Replacement Market Value Share Analysis, by Country/Sub-region, 2021 and 2031

Figure 16: Europe Shoulder Replacement Market Attractiveness Analysis, by Country/Sub-region, 2022 - 2031

Figure 17: Europe Shoulder Replacement Market Value Share Analysis, by Procedure, 2021 and 2031

Figure 18: Europe Shoulder Replacement Market Attractiveness Analysis, by Procedure, 2022–2031

Figure 19: Europe Shoulder Replacement Market Value Share Analysis, by End-user, 2021 and 2031

Figure 20: Europe Shoulder Replacement Market Attractiveness Analysis, by End-user, 2022–2031

Figure 21: Asia Pacific Shoulder Replacement Market Value (US$ Mn) Forecast, 2017–2031

Figure 22: Asia Pacific Shoulder Replacement Market Value Share Analysis, by Country/Sub-region, 2021 and 2031

Figure 23: Asia Pacific Shoulder Replacement Market Attractiveness Analysis, by Country/Sub-region, 2022–2031

Figure 24: Asia Pacific Shoulder Replacement Market Value Share Analysis, by Procedure, 2021 and 2031

Figure 25: Asia Pacific Shoulder Replacement Market Attractiveness Analysis, by Procedure, 2022–2031

Figure 26: Asia Pacific Shoulder Replacement Market Value Share Analysis, by End-user, 2021 and 2031

Figure 27: Asia Pacific Shoulder Replacement Market Attractiveness Analysis, by End-user 2022–2031

Figure 28: Latin America Shoulder Replacement Market Value (US$ Mn) Forecast, 2017–2031

Figure 29: Latin America Shoulder Replacement Market Value Share Analysis, by Country/Sub-region, 2021 and 2031

Figure 30: Latin America Shoulder Replacement Market Attractiveness Analysis, by Country/Sub-region, 2021–2031

Figure 31: Latin America Shoulder Replacement Market Value Share Analysis, by Procedure, 2021 and 2031

Figure 32: Latin America Shoulder Replacement Market Attractiveness Analysis, by Procedure, 2021–2031

Figure 33: Latin America Shoulder Replacement Market Value Share Analysis, by End-user, 2021 and 2031

Figure 34: Latin America Shoulder Replacement Market Attractiveness Analysis, by End-user, 2021–2031

Figure 35: Middle East & Africa Shoulder Replacement Market Value (US$ Mn) Forecast, 2017–2031

Figure 36: Middle East & Africa Shoulder Replacement Market Value Share Analysis, by Country/Sub-region, 2021 and 2031

Figure 37: Middle East & Africa Shoulder Replacement Market Attractiveness Analysis, by Country/Sub-region, 2021–2031

Figure 38: Middle East & Africa Shoulder Replacement Market Value Share Analysis, by Procedure, 2021 and 2031

Figure 39: Middle East & Africa Shoulder Replacement Market Attractiveness Analysis, by Procedure, 2021–2031

Figure 40: Middle East & Africa Shoulder Replacement Market Value Share Analysis, by End-user, 2021 and 2031

Figure 41: Middle East & Africa Shoulder Replacement Market Attractiveness Analysis, by End-user, 2021–2031

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