Shoulder Arthroplasty Surgeries Rising Number Drives the Demand at a CAGR of 4% by 2033
The market for shoulder arthroplasty is projected to increase at a CAGR of 4% from its estimated value of US$ 1.57 billion in 2023 to US$ 2.32 billion by the year 2033.
Partial, full, and revision shoulder arthroplasty are the three categories into which the shoulder arthroplasty is separated according to the procedure. Demand for partial shoulder arthroplasties is projected to increase from 2023 to 2033 at a CAGR of 5%.
During shoulder hemiarthroplasty, also referred to as a partial replacement, the shoulder glenoid, the other half of the shoulder joint, is preserved while the humerus (arm bone) is replaced with an artificial metal implant. When only the humeral head is injured in severe, chronic cases of shoulder osteoarthritis, shoulder hemiarthroplasty is recommended.
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How Rising Number of Shoulder Arthroplasty Surgeries drives the demand?
The increased incidence of shoulder joint problems is what is driving the demand for shoulder arthroplasty treatments. Patients and orthopaedic doctors alike are favouring reverse shoulder arthroplasty more and more.
With this surgical treatment, the ball and socket positions of the shoulder joint are switched around or reversed. The glenoid is replaced by a metal ball, and the humeral head is replaced by a plastic socket.
Due to increased R&D activity in the field of reverse shoulder arthroplasty technologies and economic growth in developing countries, it is estimated that demand for reverse shoulder replacement surgeries will rise throughout the projected period.
Key Players
- ConMed Corporation
- DePuy Synthes
- Integra Lifesciences Corporation
- Limacorporate S.p.A.
- Smith & Nephew PLC
- Wright Medical Group NV
- Zimmer Biomet Holdings, Inc
Along with the primary growth factors, this research also considers classification, engagement, applications, and market trends. Additionally, this research analyses opportunities and difficulties in the Shoulder Arthroplasty market and focuses on emerging trends. Our experts’ thorough analysis of CAGR and market size aims to provide a precise picture of the market. This study is overly extensive and helpful for preserving a competitive edge over others because it covers recent developments and the competitive landscape.
The key business strategies discussed in this market research revolve around-
1) How key market players are maintaining their competitive advantage in the wake of globalization?
2) What changing dynamics in the Shoulder Arthroplasty market specify about the future opportunities for manufacturers?
3) How Covid-19 pandemic affected sales and what strategies are expected to recover from its impact?
4) What business tactics are gaining attention and influencing Shoulder Arthroplasty industry rivalry?
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Key Highlights of the Research Report:
– The study examines how the global Shoulder Arthroplasty market would be influenced by strict pollution control regulations.
– To look at the competition from different angles using Porter’s five forces research.
– To study the product type that is expected to dominate the market is the subject of research.
– To examine the regions those are projected to expand the most rapidly during the forecast era.
– To identify the big Shoulder Arthroplasty market players’ new trends, market positions, and strategies.
– To study value chain analysis and overview of the positions of various stakeholders.
Key Segments of Shoulder Arthroplasty Industry Research
- By Procedure :
- Partial
- Total
- Revision
- By Device :
- Resurfacing Implants
- Trauma Devices
- Platform Systems
- By Indication :
- Arthritis
- Fracture/Dislocation
- Rotator Cuff Tear Arthropathy
- Hill Sachs Defect
- End User :
- Hospitals
- Clinics
- Outpatient Surgical Centers
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
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Customers will use the study to reach a fair conclusion and consider current and potential possibilities and developments in the global Shoulder Arthroplasty market. The study also analyzes both proven market dynamics and recent ventures that are disrupting the industry with their newest technologies and inventions. The study delivers in-depth research of the revenue and recent trends over the prediction period. This research study assesses the rate of progress and Shoulder Arthroplasty market valuation based on core dynamics and growth-inducing variables. Present industry news, prospects, and key inventions are needed for report preparation.
Shoulder Arthroplasty Market Relevant Questions Answered in the Report Are:
– What are the best investment choices for venturing into the Shoulder Arthroplasty market?
– What regulations are implied by the governments for the stakeholders?
– Which are the maturing segments in the Shoulder Arthroplasty market that may see considerable growth in the market?
– Which strategies the vendors should adopt for cost-optimization?
– What are the socio-economic and political trends influencing the Shoulder Arthroplasty industry?
– What are the valuable opportunities in the Shoulder Arthroplasty market?
– What are the entry barriers to the new players?
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