Overview


According to FutureWise analysis the market for Shoulder Replacement in 2023 is US$ 2.57 billion, and is expected to reach US$ 4.46 billion by 2031 at a CAGR of 7.10%.

Shoulder replacement surgeries are undertaken to replace glenohumeral joint partially or totally by a prosthetic implant which is made of metal components and polyethylene. The primary factors responsible for the growth of the shoulder replacement market are rising life expectancy of the population and increasing cases of arthritis owing to a sedentary lifestyle. Additionally, growing awareness regarding the availability of cost-effective treatments related to shoulder injuries stimulates market growth significantly. Based on the type of product, the global market is bifurcated into anatomical shoulder prosthesis and reverse shoulder prosthesis. Reverse shoulder prosthesis segment will showcase competitive market growth by registering a CAGR of over 8.2% although it shall possess market share that is close to half the amount of market share anatomical shoulder prosthesis segment possesses in the North American region.

The end-user is segmented as hospitals, ambulatory surgical centres and orthopaedic clinics. The hospital segment is expected to dictate the market owing to the advanced facilities provided by the hospital infrastructure and this trend will be mainly observed in developed economies like North America and Europe. The market is regionally bifurcated into North America, Latin America, Europe, Asia Pacific and rest of the world. Asia Pacific region is anticipated to provide profitable opportunities thus assisting market growth. The anatomical shoulder prosthesis segment is projected to witness remarkable growth with a CAGR of over 7% during the forecast period. However, the reverse shoulder prosthesis segment is expected to obtain a moderate growth rate in the region. Asia Pacific region is the hub for many medical device manufacturers.

Furthermore, this region has a high healthcare expenditure which shall transform into high growth potential for not only MNCs but also local medical device manufacturers. Moreover, a rising disposable income coupled with an increase in life expectancy of the population has strengthened the market position of the Asia Pacific region. Further bolstering to the market is obtained by governmental regulations favourable to the medical device manufacturing companies, both MNCs and local manufacturers. Such initiatives have assisted in the significant proliferation of the market.

  • Integra LifeSciences Corp.
  • Zimmer Biomet
  • Artherex Inc.
  • Johnson and Johnson
  • Wright Medical Group
  • Smith Nephew Plc.
  • Conmed Corp.
  • DJO Global
  • Exactech Inc.
  • Evolutis

(Note: The list of the major players will be updated with the latest market scenario and trends)

By Product Type

  • Anatomical Shoulder Prosthesis
  • Reverse Shoulder Prosthesis

By Procedure

  • Resurfacing Hemiarthroplasty
  • Reverse Total Shoulder Replacement
  • Stemmed Hemiarthroplasty
  • Total Shoulder Replacement

By End-User

  • Hospitals
  • Orthopedic Centers
  • Others

By Region

  • North America
  • Asia Pacific
  • Latin America
  • Europe
  • Middle East and Africa

  • Tier 1 players- established companies in the market with a major market share
  • Tier 2 players
  • Emerging players which are growing rapidly
  • New Entrants

  • Growth prospects
  • SWOT analysis
  • Key trends
  • Key data-points affecting market growth

  • To provide with an exhaustive analysis on the Shoulder Replacement Market By Product Type, By Procedure, By End User and By Region
  • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
  • To evaluate and forecast micro-markets and the overall market
  • To predict the market size, in key regions (along with countries)— North America, Asia Pacific, Europe, Latin America and Middle East and Africa
  • To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions

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Table of Contents


  • 1.   Market Introduction
    •   1. Objectives of the Study
        2. Market Definition
        3. Market Scope
         3.1. Years Considered for the Study
         3.2. Market Covered
        4. Currency
        5. Limitations
        6. Stakeholders
  • 2.   Research Methodology
    •   1. Research Data
         1.1. Secondary Data
          1.1.1. Key Data from Secondary Sources
         1.2. Primary Data
          1.2.1. Key Data from Primary Sources
        2. Market Size Estimation
        3. Market Breakdown and Data Triangulation
        4. Assumptions for the Study
  • 3.   Executive Summary
    •   1. Market Outlook
        2. Segment Outlook
        3. Competitive Insights
  • 4.   Global Shoulder Replacement Market Variables, Trends and Scope
    •   1. Market Lineage Outlook
        2. Penetration and Growth Prospect Mapping
        3. Industry Value Chain Analysis
        4. Cost Analysis Breakdown
        5. Technology Overview
        6. Regulatory Framework
         6.1. Reimbursement Framework
         6.2. Standards and Compliances

  • 5.   Market Overview
    •   1. Market Dynamics
         1.1. Market Driver Analysis
          1.1.1. Increasing focus of Shoulder Replacement Companies on Brand Protection
          1.1.2. Untapped Opportunities in Emerging Regions
         1.2. Market Restraint Analysis
          1.2.1. High Cost Associated with Implementation of Predictive Analysis
         1.3. Industry Challenges
          1.3.1. Presence of Ambiguous Regulatory Framework
  • 6.   Shoulder Replacement Market Analysis Tools
    •   1. Industry Analysis - Porter’s
         1.1. Supplier Power
         1.2. Buyer Power
         1.3. Substitution Threat
         1.4. Threat from New Entrants
         1.5. Competitive Rivalry
        2. Pestel Analysis
         2.1. Political Landscape
         2.2. Environmental Landscape
         2.3. Social Landscape
         2.4. Technology Landscape
         2.5. Legal Landscape
        3. Major Deals And Strategic Alliances Analysis
         3.1. Joint Ventures
         3.2. Mergers and Acquisitions
         3.3. Licensing and Partnership
         3.4. Technology Collaborations
         3.5. Strategic Divestments
        4. Market Entry Strategies
        5. Case Studies
  • 7.   Shoulder Replacement Market, By Product Type Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Anatomical Shoulder Prosthesis
        2. Reverse Shoulder Prosthesis

  • 8.   Global Shoulder Replacement Market, By Procedure Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Resurfacing Hemiarthroplasty
        2. Reverse Total Shoulder Replacement
        3. Stemmed Hemiarthroplasty
        4. Total Shoulder Replacement

  • 9.   Global Shoulder Replacement Market, By End-User Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Hospitals
        2. Orthopedic Centers
        3. Others

  • 10.   North America Shoulder Replacement Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. U.S.A
         2.2. Canada
         2.3. Mexico
        3. Market Size (USD Million) Forecast for North America 2023-2031

  • 11.   Latin America Shoulder Replacement Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Brazil
         2.2. Venezuela
         2.3. Argentina
         2.4. Rest of Latin America
        3. Market Size (USD Million) Forecast for Latin America 2023-2031

  • 12.   Europe Shoulder Replacement Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Germany
         2.2. U.K
         2.3. France
         2.4. Italy
         2.5. Spain
         2.6. Russia
         2.7. Poland
         2.8. Rest of Europe
        3. Market Size (USD Million) Forecast for Europe 2023-2031

  • 13.   Asia Pacific Shoulder Replacement Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Japan
         2.2. China
         2.3. India
         2.4. Australia and New Zealand
         2.5. ASEAN
         2.6. Rest of Asia Pacific
        3. Market Size (USD Million) Forecast for Asia Pacific 2023-2031

  • 14.   Middle East and Africa Shoulder Replacement Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Saudi Arabia
         2.2. UAE
         2.3. South Africa
         2.4. Egypt
        3. Market Size (USD Million) Forecast for MEA 2023-2031

  • 15.   Market Share Analysis and Competitive Landscape
    •   1. Global Landscape - Key Players, Revenue and Presence
        2. Global Share Analysis - Key Players (Tier 1, Tier 2, Tier 3)
        3. Global Emerging Companies
        4. North America - Market Share Analysis and Key Regional Players
        5. Europe - Market Share Analysis and Key Regional Players
        6. Asia Pacific - Market Share Analysis and Key Regional Players
        7. Global Key Player - Growth Matrix
  • 16.   Company Profiles (Competition Dashboard, Competitors Deep Dive, Products Offered and Financial Layouts)
    •   1. Integra LifeSciences Corp.
         1.1. Company Overview
         1.2. Product Portfolio
         1.3. SWOT Analysis
         1.4. Financial Overview
         1.5. Strategic Overview
        2. Zimmer Biomet
         2.1. Company Overview
         2.2. Product Portfolio
         2.3. SWOT Analysis
         2.4. Financial Overview
         2.5. Strategic Overview
        3. Artherex Inc.
         3.1. Company Overview
         3.2. Product Portfolio
         3.3. SWOT Analysis
         3.4. Financial Overview
         3.5. Strategic Overview
        4. Johnson and Johnson
         4.1. Company Overview
         4.2. Product Portfolio
         4.3. SWOT Analysis
         4.4. Financial Overview
         4.5. Strategic Overview
        5. Wright Medical Group
         5.1. Company Overview
         5.2. Product Portfolio
         5.3. SWOT Analysis
         5.4. Financial Overview
         5.5. Strategic Overview
        6. Smith Nephew Plc.
         6.1. Company Overview
         6.2. Product Portfolio
         6.3. SWOT Analysis
         6.4. Financial Overview
         6.5. Strategic Overview
        7. Conmed Corp.
         7.1. Company Overview
         7.2. Product Portfolio
         7.3. SWOT Analysis
         7.4. Financial Overview
         7.5. Strategic Overview
         8. DJO Global
         8.1. Company Overview
         8.2. Product Portfolio
         8.3. SWOT Analysis
         8.4. Financial Overview
         8.5. Strategic Overview
        9. Exactech Inc.
         9.1. Company Overview
         9.2. Product Portfolio
         9.3. SWOT Analysis
         9.4. Financial Overview
         9.5. Strategic Overview
        10. Evolutis
         10.1. Company Overview
         10.2. Product Portfolio
         10.3. SWOT Analysis
         10.4. Financial Overview
         10.5. Strategic Overview

  • 17.   Pre and Post COVID-19 Impact
    •   1. Positive influence on the healthcare industry
        2. The financial disruption of the manufacturing sector
        3. Impact of COVID-19 on emerging companies
        4. Significant mandates in the healthcare regulations initiated by
                  administrations
        5. The overall economic slowdown of the developing and developed nations

  • 18.   FutureWise SME Key Takeaway Points for Client
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