Global Shoulder Replacement Market Size (2024 - 2029)

Shoulder Replacement Market Analysis

The shoulder replacement market is projected to register a CAGR of 8.16% during the forecast period (2022 - 2027).

COVID-19 has had a great impact on the overall healthcare industry. With that, in healthcare facilities, the treatment was shifted from orthopedic procedures to COVID-19 patients, which also affected the market growth. Along with that, in a few regions, the orthopedic and small hospitals were shut down or their operations had been limited, and other hospitals were being converted to containment facilities and treatment wards for COVID-19 patients. The inevitable pausing of all elective surgeries has limited hands-on practice and exposure to a number of procedures. Amid the pandemic, the procurement of medical equipment has been on hold by a significant portion of hospitals performing surgeries. All these factors are likely to impact market growth.

The increasing incidence of arthritis is the leading cause of disability among adults and the geriatric population globally. Moreover, a study conducted by National Institute for Health and Care Research (NIHR) in 2021 showed that the analysis was based on nine studies (including 529 total and 364 partial shoulder replacements); plus six articles about patient-reported outcomes (of 530 shoulder replacements). An Australian national joint registry that provided 10-year follow-up (on 7,651 total, 7,953 reverse total, and 1,395 partial shoulder replacements) was also included. The findings also revealed that nine out of ten shoulder replacements last for at least a decade, which may ultimately boost the growth of the shoulder replacement market.

According to a prospective and retrospective observational study by Chintala Srilekha et al., published in the International Journal of Orthopedics Sciences 2020, in South India, people aged between 46-60 years were most affected by osteoarthritis and among them, females were more affected than men. Moreover, As per the data from World Population Prospects: The 2021 Revision published by the United Nations, the number of older people aged 65 years or above, is expected to more than double by 2050 globally, rising from 727 million in 2020 to 1.5 billion in 2050. Globally, the population group aged 65 years or over is registering faster growth rates than all younger age groups. Hence, the number of arthritis patients is increasing worldwide and as the patient pool increases, the demand for shoulder replacement also increases. Hence, the growing arthritis burden, along with the rising aging population is likely to increase the demand for the shoulder replacement market.

Shoulder Replacement Industry Segmentation

Shoulder replacement is a surgical procedure in which all or part of the glenohumeral joint is replaced by a prosthetic implant. Such joint replacement surgery generally is conducted to relieve arthritis pain or fix severe physical joint damage. The Shoulder Replacement Market is segmented by Type (Anatomical Shoulder Prosthesis, Reverse Shoulder Prosthesis), Procedure (Resurfacing Hemiarthroplasty, Reverse Total Shoulder Replacement, Stemmed Hemiarthroplasty, Total Shoulder Replacement) End-User (Hospital, Orthopaedic Centre, Others), and Geography (North America, Europe, Asia-Pacific, Middle East & Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.