Shoulder Arthroplasty Market Report, Size, Industry Share, Growth, Trends and Forecast 2024-2032
The latest report by IMARC Group, titled “Shoulder Arthroplasty Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the shoulder arthroplasty market report. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global shoulder arthroplasty market size reached USD 1.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 2.8 Billion by 2032, exhibiting a growth rate (CAGR) of 5.3% during 2024-2032.
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Increasing Prevalence of Shoulder Disorders:
The shoulder arthroplasty market is growing due to more shoulder disorders, especially in older people. Conditions like osteoarthritis, rheumatoid arthritis, and rotator cuff injuries are more common as people age. This increase raises the need for surgery. Recent studies show a sharp rise in shoulder ailments. Consequently, healthcare providers are looking for effective treatments. Shoulder arthroplasty, including total (TSA) and reverse (RSA), is now seen as a good option for those with severe shoulder pain and limited movement. Moreover, better surgical techniques and implant designs are improving outcomes. This makes the procedures more attractive to patients and surgeons. By 2024, the demand for shoulder arthroplasty is expected to rise. More people will seek relief from chronic shoulder issues and aim for a better quality of life.
Technological Advancements in Surgical Techniques:
Advancements in surgical techniques and implant materials are boosting the shoulder arthroplasty market. Innovations like minimally invasive surgery, robotic assistance, and better imaging are changing shoulder surgeries. These methods cut recovery time, lower risks, and improve surgery success. For example, 3D printing is now used to make implants that match a patient's anatomy, enhancing fit and function. New materials, such as biocompatible polymers and advanced alloys, are also improving implant durability and performance. As these technologies spread, they will likely grow the shoulder arthroplasty market. By 2024, a focus on innovative surgeries and implants is expected to raise patient satisfaction and increase the number of procedures.
Growing Awareness and Patient Education:
Awareness and education about shoulder health are boosting the shoulder arthroplasty market. Patients now have better access to information online and through social media and health programs. This leads more people to consult orthopedic specialists about shoulder issues and surgeries. Healthcare providers are stressing patient education before surgery. They explain the benefits, risks, and outcomes of shoulder arthroplasty. This helps patients make informed choices and increases acceptance of surgery to improve quality of life. By 2024, the demand for shoulder arthroplasty is expected to rise as more people see the benefits of surgical solutions for shoulder problems.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Arthrex Inc.
- BioTek Instruments Inc. (Agilent Technologies Inc.)
- Conmed Corporation
- DJO Global (Colfax Corporation)
- Exactech Inc.
- Implantcast GmbH
- Integra LifeSciences Corporation
- Johnson & Johnson
- Kinamed Incorporated
- Limacorporate S.p.A.
- Medacta Group
- Smith and Nephew Plc
- Stryker Corporation
- Zimmer Biomet
Shoulder Arthroplasty Market Segmentation:
Our report has categorized the market based on region, device, procedure, indication and end user.
Breakup by Device:
- Shoulder Arthroplasty Resurfacing Implants
- Shoulder Arthroplasty Trauma Devices
- Shoulder Arthroplasty Platform Systems
Shoulder arthroplasty resurfacing implants were the most common device type.
Breakup by Procedure:
- Partial Shoulder Arthroplasty
- Total Shoulder Arthroplasty
- Revision Shoulder Arthroplasty
Revision shoulder arthroplasty was the most frequent procedure.
Breakup by Indication:
- Arthritis
- Fracture/Dislocation
- Rotator Cuff Tear Arthropathy
- Hill Sachs Defect
- Others
Arthritis was the primary indication for shoulder arthroplasty.
Breakup by End User:
- Hospitals
- Orthopedic Centers
- Ambulatory Surgical Centers
- Others
Hospitals were the major end-users of shoulder arthroplasty devices.
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
North America was the leading region for shoulder arthroplasty procedures.
Shoulder Arthroplasty Market Trends in 2024:
In 2024, the shoulder arthroplasty market is set to grow significantly. This growth is due to more shoulder disorders, better surgical techniques, and increased patient awareness. Conditions like osteoarthritis and rotator cuff injuries are on the rise. This leads to higher demand for shoulder surgeries aimed at pain relief and better movement. Technological advances in surgery and implants are improving results and satisfaction. This makes surgeries more attractive. Moreover, educating patients helps them make informed choices, boosting the acceptance of shoulder surgery. As these factors align, the market is ready to expand. It will cater to an aging population, embrace new technologies, and focus on patient care. Stakeholders should adapt to these trends to seize the growing demand for effective shoulder treatments.
Key highlights of the report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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IMARC Group is a premier market research enterprise that specializes in providing management strategies and detailed market analysis globally. We engage with a diverse array of clients across various sectors and geographical regions, helping them to pinpoint and capitalize on valuable opportunities, address pivotal challenges, and effectively transform their enterprises.
Our reports deliver insightful information on key market trends, technological advancements, economic shifts, and scientific developments, catering to business leaders in sectors such as pharmaceuticals, industrial technologies, and high-tech organizations. We are experts in forecasting market trends and conducting industry analyses for areas including biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology, ensuring top-tier guidance in these complex fields.
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