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The global shoulder replacement market is projected to attain a value of USD 4.63 billion by the end of 2032, growing in the forecast period of 2024-2032 at a CAGR of 7.5%.
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The shoulder replacement market is driven by the rise in the number of surgeries on account of advancements in technology.
Shoulder replacement is referred to as the surgical procedure in which a prosthetic implant replaces total or part of the glenohumeral joint. This surgery is usually conducted to mitigate arthritis pain or fix serious physical joint damage.
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The shoulder replacement market is segmented based on procedure and end-use.
On the basis of the procedure, the shoulder replacement market can be divided into:
The shoulder replacement market is segmented on the basis of end use into:
The EMR report looks into the regional shoulder replacement markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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The shoulder replacement market is driven by the increase in the frequency of surgeries owing to the advancements in technology. The shoulder replacement market is being further aided by the increasing popularity and success of reverse total shoulder arthroplasty for rotator cuff arthropathy. The growing medical infrastructure, as well as medical facilities, are further providing impetus to the industry growth. The growth in the frequency of medical tourists on account of the rising medical tourism sector, along with an increased emphasis on cost efficiency in developing as well as developed economies, is expected to drive the growth of the industry.
The report presents a detailed analysis of the following key players in the global shoulder replacement market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Procedures |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 7.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 4.63 billion by 2032.
The major market drivers include expansion of the medical infrastructure and increasing provision of support by various governments to surgeons for enhancing their skillset.
The key trends fuelling the growth of the market include advancements in medical technologies and rising medical tourism.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The pain relief offered by shoulder replacement surgeries is commended by a significant portion of the patients availing the surgery.
The end uses of shoulder replacement include hospitals and orthopaedic centres, among others.
The key players in the market are Arthrex, Inc., DJO, LLC, Integra Lifesciences Corporation, Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith & Nephew PLC, Medical Devices Business Services, Inc., and Wright Medical Group N.V., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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