Scrutinize the key developments of the dynamic shoulder replacement market, driven by aging demographics, technological advancements.
ROCKVILLE, MD, UNITED STATES, January 29, 2025 /
EINPresswire.com/ -- The global
shoulder replacement market is estimated to be valued at US$ 2,684.4 million in 2024. The market is projected to expand at a CAGR of 7.7% from 2024 to 2034. It is anticipated to rise at a valuation of US$ 5,644.9 million by 2034. The market is a vital segment within the healthcare sector, primarily dedicated to addressing shoulder joint disorders through surgical interventions.
Surgeons employ artificial implants to replace damaged or dysfunctional shoulder joints, aiming to alleviate pain and restore functionality for individuals grappling with debilitating shoulder conditions. Several factors propel the growth of the market. Notably, the aging global population contributes significantly as older individuals are more prone to shoulder-related conditions, such as osteoarthritis and rotator cuff injuries, necessitating the need for shoulder replacement procedures.
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Concurrently, advancements in implant technologies, prosthetic designs, and surgical techniques play a pivotal role in shaping the market. The continual evolution in these aspects enhances the overall efficacy and durability of shoulder replacement procedures, making them more effective and appealing to patients and healthcare professionals.
The market's expansion is further driven by heightened awareness among the populace and improved patient outcomes. As knowledge about shoulder-related disorders increases, more individuals seek medical intervention, fostering demand for shoulder replacement procedures. This trend aligns with a broader commitment to enhancing the quality of life for those grappling with shoulder conditions.
However, challenges persist in the form of postoperative complications and rehabilitation complexities. These hurdles necessitate ongoing research and development efforts to refine surgical approaches, reduce complications, and streamline rehabilitation protocols.
Key Takeaways from Market Study
Latin America is expected to expand at a CAGR of 6.9% through 2034. The industry in Brazil holds a market share of 56.6% in 2024.
The market in Brazil is valued at US$ 122 million in 2024. The industry in the United States is expected to expand at a CAGR of 8.8% through 2034. By end-user type, the ambulatory surgical center segment to hold a market share of 23.8% in 2024.
“The increasing prevalence of shoulder-related conditions is driven by a growing aging population globally. Older individuals are more susceptible to shoulder ailments like osteoarthritis and rotator cuff injuries, necessitating a rise in shoulder replacement procedures,” says a Fact MR. analyst.
Leading Players Driving Innovation in the Shoulder Replacement Market:
Johnson & Johnson; Integra LifeSciences; Smith and Nephew; Stryker; Zimmer Biomet; Arthrex; DJO LLC; Wright Medical Group; Exactech; B. Braun Melsungen
Competitive Landscape
A competitive landscape in the shoulder replacement market unfolds with established and emerging players vying for prominence. Key orthopedic implant manufacturers lead the market, continually innovating prosthetic designs and surgical techniques.
The industry's dynamics include strategic collaborations, research endeavors, and a focus on postoperative care. This competitive arena emphasizes the significance of advancing technologies and patient-centric solutions to maintain a competitive edge and address the evolving needs in shoulder replacement procedures.
Key Developments of the Shoulder Replacement Market
In July 2021, Stryker unveiled the Tornier shoulder arthroplasty lineup and launched the innovative Tornier Perform Humeral System.
In August 2021, Geisinger, a leading health system, along with Geisinger Health Plan, and orthopedics company Medacta, jointly introduced a remarkable two-year guarantee for total hip, knee, and shoulder replacement procedures.
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the shoulder replacement market for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on By Product Type (Anatomical Shoulder Prosthesis, Reverse Shoulder Prosthesis), By End User (Hospitals, Ambulatory Surgical Centre, Orthopaedic Clinics), and By Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, Middle East and Africa)
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