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MARKET DEFINITION
Surgery to replace the damaged shoulder joint components with implants is known as shoulder joint replacement. It is done to reduce discomfort and enhance shoulder functionality. The glenohumeral joint is repaired with partial or complete shoulder joint procedures using a metal and polyethylene prosthetic implant. When non-surgical treatments have failed, shoulder joint replacement has become a viable therapy option for persons with osteoarthritis and other disorders.
MARKET DYNAMICS
The transition from anatomic to reverse shoulder replacement procedures by clinics for degenerative joint problems is anticipated to be advantageous for the worldwide shoulder replacement industry. Manufacturers who invest in the creation of cutting-edge, personalized prostheses are likely to maintain their attraction to end users and create large sales potential. Governments are also playing a significant role in helping surgeons develop their skill sets and become more specialized. Manufacturers have been encouraged to invest in research and development activities aimed at improving patient outcomes and lowering failure rates by consumers' growing confidence in advanced surgeries, such as reverse shoulder replacement surgery, while investing in emerging markets may have long-term benefits.
REPORT SCOPE
The report titled “Global Shoulder Replacement Market – Size, Share, Growth, Opportunities, and Competitive Analysis, 2022 – 2028” offers strategic visions into the global Shoulder Replacement market along with the market size (Value in “US$ Mn”) for the historical period 2017 to 2021 and estimates for the forecast period 2022 to 2028. The RI report is an in-depth study of the global Shoulder Replacement market with a strong focus on key market trends, vital player strategies, and market forecasts. The study also covers key market dynamics, including drivers, restraints, opportunities, challenges, and existing and upcoming pathways that help CXOs make critical business decisions effectively. The global Shoulder Replacement Market is predicted to grow at a significant CAGR over the forecast period from 2022 to 2028.
GEOGRAPHICAL OVERVIEW
The research report includes a detailed overview of the industry comprising quantitative and qualitative information. It gives a broad overview of the worldwide market forecasts for major segments. It also includes market size and forecast projections for five key regions: North America, Europe, Asia-Pacific (APAC), South America, and the Middle East & Africa (MEA), for the years 2017 to 2028. The market is further divided by categories and countries within each province. The research scrutinizes and forecasts over 20 nations worldwide, as well as the present trend and possibilities in these regions.
MARKET SEGMENTATION
The Global Shoulder Replacement Market is segmented based on Shoulder Replacement Type, End-user, and region. Based on Shoulder Replacement Type, the market has been segmented into Total shoulder replacement, Reverse shoulder replacement, Partial shoulder replacement and Shoulder Resurfacing, whereas based on End-user, the market comprises Hospitals, Ambulatory Surgical Centers and Orthopedic Clinics.
COMPETITION LANDSCAPE
The RI research report discusses noteworthy developments in the industry as well as organic and inorganic growth strategies being adopted by the Shoulder Replacement market players. The report covers industry activities, including new product launches, mergers & acquisitions, business partnerships, and various expansion initiatives being undertaken by the active players in the market. These developments pave the path for various market participants to strengthen their positioning as well as expand their consumer base. The positive market outlook for the global Shoulder Replacement market is anticipated to present lucrative growth opportunities to the market players. The report also offers detailed profiles of major players in the global Shoulder Replacement market, emphasizing the strategic initiatives, financial information, SWOT analysis, and key development in the Shoulder Replacement industry in the past three years.
Key players in the Global Shoulder Replacement Market have adopted various organic as well as inorganic growth strategies to strengthen their market positioning. Prominent players in the market include:
· Johnson & Johnson
· DJO
· Integra LifeSciences
· Smith and Nephew
· Stryker
· Zimmer Biomet
· Arthrex
· Lima
· Wright Medical Group
· Exactech
· B. Braun Melsungen
COVID-19 IMPACT ANALYSIS ON GLOBAL SHOULDER REPLACEMENT MARKET
The COVID-19 pandemic is still a very personal, individual experience that is also a once-in-a-lifetime worldwide phenomenon with far-reaching consequences. The epidemic has wreaked havoc on people's lives in all nations and communities and also had a negative impact on global economic development in 2020, unlike anything seen in almost a century. The pandemic severely impacted key economies such as India, Brazil, the U.S., France, Russia, the UK, Italy, Turkey, and Argentina. According to estimates, the virus slowed global economic growth by -3.4 percent to -7.6 percent in 2020, with a rebound of 4.2 percent to 5.6 percent expected in 2021. In 2020, global commerce was expected to decline by 5.3 percent, but it is expected to rise by 8.0 percent in 2021.
In contrast to the global economic downturn in the first half of 2020, the economy began to showcase symptoms of a two-track recovery post the second quarter of 2020, with a fledgling rebound in developed nations, however, slower growth in emerging economies. The outbreak of the Covid-19 pandemic has not only resulted in halted production activity but has also disrupted the global supply chain. The research goes on to evaluate the current and future implications of the COVID-19 pandemic both on the target as well as broader market, thereby, providing accurate and trustworthy forecasts.
Report Attribute/Metric |
Details |
Market Size |
In USD Million |
CAGR |
In % (2022-2028) |
Base Year |
2021 |
Forecast Period |
2022 – 2028 |
Historical Data |
2017 to 2021 |
Forecast Unit |
Value (US$ Mn) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors and Trends |
Geographies Covered |
North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
Key Players Analyzed |
Johnson & Johnson, DJO, Integra LifeSciences, Smith and Nephew, Stryker, Zimmer Biomet, Arthrex, Lima, Wright Medical Group, Exactech, B. Braun Melsungen |
Customization & Pricing |
Available on Request (10% Customization is Free) |
RESEARCH PROGRAM DESIGN
KEY QUESTIONS ANSWERED
1. What is the current size of the global Shoulder Replacement market?
2. What will be the growth rate of the market over the forecast period?
3. Who are the key manufacturers/vendors in the Shoulder Replacement market space?
4. What are the major market opportunities and market risks faced by the market?
5. What is the impact of COVID-19 on the market?
6. What are the revenue, sales, and price analysis of the top manufacturers in this market?
7. What are the key outcomes of Porter's five forces model?
8. Who are the distributors, traders, and vendors in the industry?
REASONS FOR BUYING THIS REPORT:
· The report offers comprehensive data on the Shoulder Replacement market elaborating on the current state and future growth prospects both globally and regionally
· It offers a six-year market forecast trend evaluating the impact of drivers and restraints and supporting factors for growth
· The report offers deep-dive insights into each market segment and critical factors responsible for its growth
· The report presents precise picture of the dynamic competitive landscape which helps our client advance their market position
· The comprehensive analysis of the market along with the inclusion of analyst recommendations ensures that our clients make informed business decisions
· Cross-segment country-level analysis included in the report which provides granular analysis of more than 20+ countries covered in the report scope
· The study includes detailed profiles of major manufacturers to help our readers gain holistic overview of the market competitors and consequently align their business strategies
Chapter 1. Executive Summary
1.1. Market Outlook
1.2. Market Segment Outlook
1.3. Geography Outlook
1.4. Absolute $ Opportunity
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Scope, Definition, and Assumptions
2.3. Data Sources
2.3.1. Secondary Sources
2.3.1.1. Preliminary Data Mining
2.3.2. Primary Sources
2.3.2.1. Statistical Model
2.3.2.2. Data Triangulation
2.3.2.3. Research Objective
Chapter 3. Market Outlook
3.1. Introduction
3.2. Key Trends
3.2.1. Shoulder Replacement Type Trends
3.2.2. End-user Trends
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.1.1. Impact Analysis of Market Drivers
3.3.2. Market Restraints
3.3.2.1. Impact Analysis of Market Restraints
3.3.3. Market Opportunities
3.3.3.1. Impact Analysis of Market Opportunities
3.3.4. Market Challenges
3.3.4.1. Impact Analysis of Market Challenges
3.4. Porter’s Five Forces’ Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of New Entrant
3.4.4. Threat of Substitutes
3.4.5. Competitive Rivalry
3.5. Value Chain Analysis: Global Shoulder Replacement Market
3.6. COVID-19 Impact Assessment in Shoulder Replacement Market
3.6.1. Impact Assessment on Global Shoulder Replacement Market
3.6.2. Market Trends and Opportunities in the Covid-19 Landscape
Chapter 4. Global Shoulder Replacement Market Overview, By Shoulder Replacement Type, 2017 - 2028 (USD Million)
4.1. Global Shoulder Replacement Market Share, By Shoulder Replacement Type, 2017 - 2028 (USD Million)
4.1.1. Total shoulder replacement
4.1.2. Reverse shoulder replacement
4.1.3. Partial shoulder replacement
4.1.4. Shoulder Resurfacing
Chapter 5. Global Shoulder Replacement Market Overview, By End-user, 2017 - 2028 (USD Million)
5.1. Global Shoulder Replacement Market Share, By End-user, 2017 - 2028 (USD Million)
5.1.1. Hospitals
5.1.2. Ambulatory Surgical Centers
5.1.3. Orthopedic Clinics
Chapter 6. Global Shoulder Replacement Market Overview, By Geography, 2017 - 2028 (USD Million)
6.1. Global Shoulder Replacement Market Share, By Geography, 2017 - 2028 (USD Million)
6.1.1. Market End-user and Projections, by Countries, 2017 - 2028 (USD Million)
6.1.2. Market Share and CAGR Comparison, by Countries, 2021 (%)
Chapter 7. North America Shoulder Replacement Market Overview, By Countries, 2017 - 2028 (USD Million)
7.1. North America Shoulder Replacement Market Overview, 2017 - 2028 (USD Million)
7.1.1. Market End-user and projections, 2017 - 2028 (USD Million)
7.1.2. North America Shoulder Replacement Market Overview, By Shoulder Replacement Type, 2017 - 2028 (USD Million)
7.1.3. North America Shoulder Replacement Market Overview, By End-user, 2017 - 2028 (USD Million)
7.2. North America Shoulder Replacement Market Overview, By Countries, 2017 - 2028 (USD Million)
7.2.1. U.S. Shoulder Replacement Market Overview, 2017 - 2028 (USD Million)
7.2.1.1. U.S. Shoulder Replacement Market Overview, By Shoulder Replacement Type, 2017 - 2028 (USD Million)
7.2.1.2. U.S. Shoulder Replacement Market Overview, By End-user, 2017 - 2028 (USD Million)
7.2.2. Canada Shoulder Replacement Market Overview, 2017 - 2028 (USD Million)
7.2.2.1. Canada Shoulder Replacement Market Overview, By Shoulder Replacement Type, 2017 - 2028 (USD Million)
7.2.2.2. Canada Shoulder Replacement Market Overview, By End-user, 2017 - 2028 (USD Million)
7.2.3. Mexico Shoulder Replacement Market Overview, 2017 - 2028 (USD Million)
7.2.3.1. Mexico Shoulder Replacement Market Overview, By Shoulder Replacement Type, 2017 - 2028 (USD Million)
7.2.3.2. Mexico Shoulder Replacement Market Overview, By End-user, 2017 - 2028 (USD Million)
Chapter 8. Europe Shoulder Replacement Market Overview, By Countries, 2017 - 2028 (USD Million)
8.1. Europe Shoulder Replacement Market Overview, 2017 - 2028 (USD Million)
8.1.1. Market End-user and projections, 2017 - 2028 (USD Million)
8.1.2. Europe Shoulder Replacement Market Overview, By Shoulder Replacement Type, 2017 - 2028 (USD Million)
8.1.3. Europe Shoulder Replacement Market Overview, By End-user, 2017 - 2028 (USD Million)
8.2. Europe Shoulder Replacement Market Overview, By Countries, 2017 - 2028 (USD Million)
8.2.1. Germany Shoulder Replacement Market Overview, 2017 - 2028 (USD Million)
8.2.1.1. Germany Shoulder Replacement Market Overview, By Shoulder Replacement Type, 2017 - 2028 (USD Million)
8.2.1.2. Germany Shoulder Replacement Market Overview, By End-user, 2017 - 2028 (USD Million)
8.2.2. France Shoulder Replacement Market Overview, 2017 - 2028 (USD Million)
8.2.2.1. France Shoulder Replacement Market Overview, By Shoulder Replacement Type, 2017 - 2028 (USD Million)
8.2.2.2. France Shoulder Replacement Market Overview, By End-user, 2017 - 2028 (USD Million)
8.2.3. UK Shoulder Replacement Market Overview, 2017 - 2028 (USD Million)
8.2.3.1. UK Shoulder Replacement Market Overview, By Shoulder Replacement Type, 2017 - 2028 (USD Million)
8.2.3.2. UK Shoulder Replacement Market Overview, By End-user, 2017 - 2028 (USD Million)
8.2.4. Italy Shoulder Replacement Market Overview, 2017 - 2028 (USD Million)
8.2.4.1. Italy Shoulder Replacement Market Overview, By Shoulder Replacement Type, 2017 - 2028 (USD Million)
8.2.4.2. Italy Shoulder Replacement Market Overview, By End-user, 2017 - 2028 (USD Million)
8.2.5. Spain Shoulder Replacement Market Overview, 2017 - 2028 (USD Million)
8.2.5.1. Spain Shoulder Replacement Market Overview, By Shoulder Replacement Type, 2017 - 2028 (USD Million)
8.2.5.2. Spain Shoulder Replacement Market Overview, By End-user, 2017 - 2028 (USD Million)
8.2.6. NORDIC Shoulder Replacement Market Overview, 2017 - 2028 (USD Million)
8.2.6.1. NORDIC Shoulder Replacement Market Overview, By Shoulder Replacement Type, 2017 - 2028 (USD Million)
8.2.6.2. NORDIC Shoulder Replacement Market Overview, By End-user, 2017 - 2028 (USD Million)
8.2.7. Russia and CIS Shoulder Replacement Market Overview, 2017 - 2028 (USD Million)
8.2.7.1. Russia and CIS Shoulder Replacement Market Overview, By Shoulder Replacement Type, 2017 - 2028 (USD Million)
8.2.7.2. Russia and CIS Shoulder Replacement Market Overview, By End-user, 2017 - 2028 (USD Million)
8.2.8. Rest of Europe Shoulder Replacement Market Overview, 2017 - 2028 (USD Million)
8.2.8.1. Rest of Europe Shoulder Replacement Market Overview, By Shoulder Replacement Type, 2017 - 2028 (USD Million)
8.2.8.2. Rest of Europe Shoulder Replacement Market Overview, By End-user, 2017 - 2028 (USD Million)
Chapter 9. Asia Pacific Shoulder Replacement Market Overview, By Countries, 2017 - 2028 (USD Million)
9.1. Asia Pacific Shoulder Replacement Market Overview, 2017 - 2028 (USD Million)
9.1.1. Market End-user and projections, 2017 - 2028 (USD Million)
9.1.2. Asia Pacific Shoulder Replacement Market Overview, By Shoulder Replacement Type, 2017 - 2028 (USD Million)
9.1.3. Asia Pacific Shoulder Replacement Market Overview, By End-user, 2017 - 2028 (USD Million)
9.2. Asia Pacific Shoulder Replacement Market Overview, By Countries, 2017 - 2028 (USD Million)
9.2.1. India Shoulder Replacement Market Overview, 2017 - 2028 (USD Million)
9.2.1.1. India Shoulder Replacement Market Overview, By Shoulder Replacement Type, 2017 - 2028 (USD Million)
9.2.1.2. India Shoulder Replacement Market Overview, By End-user, 2017 - 2028 (USD Million)
9.2.2. China Shoulder Replacement Market Overview, 2017 - 2028 (USD Million)
9.2.2.1. China Shoulder Replacement Market Overview, By Shoulder Replacement Type, 2017 - 2028 (USD Million)
9.2.2.2. China Shoulder Replacement Market Overview, By End-user, 2017 - 2028 (USD Million)
9.2.3. Japan Shoulder Replacement Market Overview, 2017 - 2028 (USD Million)
9.2.3.1. Japan Shoulder Replacement Market Overview, By Shoulder Replacement Type, 2017 - 2028 (USD Million)
9.2.3.2. Japan Shoulder Replacement Market Overview, By End-user, 2017 - 2028 (USD Million)
9.2.4. ASEAN Shoulder Replacement Market Overview, 2017 - 2028 (USD Million)
9.2.4.1. ASEAN Shoulder Replacement Market Overview, By Shoulder Replacement Type, 2017 - 2028 (USD Million)
9.2.4.2. ASEAN Shoulder Replacement Market Overview, By End-user, 2017 - 2028 (USD Million)
9.2.5. South Korea Shoulder Replacement Market Overview, 2017 - 2028 (USD Million)
9.2.5.1. South Korea Shoulder Replacement Market Overview, By Shoulder Replacement Type, 2017 - 2028 (USD Million)
9.2.5.2. South Korea Shoulder Replacement Market Overview, By End-user, 2017 - 2028 (USD Million)
9.2.6. Australia Shoulder Replacement Market Overview, 2017 - 2028 (USD Million)
9.2.6.1. Australia Shoulder Replacement Market Overview, By Shoulder Replacement Type, 2017 - 2028 (USD Million)
9.2.6.2. Australia Shoulder Replacement Market Overview, By End-user, 2017 - 2028 (USD Million)
9.2.7. Rest of Asia Pacific Shoulder Replacement Market Overview, 2017 - 2028 (USD Million)
9.2.7.1. Rest of Asia Pacific Shoulder Replacement Market Overview, By Shoulder Replacement Type, 2017 - 2028 (USD Million)
9.2.7.2. Rest of Asia Pacific Shoulder Replacement Market Overview, By End-user, 2017 - 2028 (USD Million)
Chapter 10. South America Shoulder Replacement Market Overview, By Countries, 2017 - 2028 (USD Million)
10.1. South America Shoulder Replacement Market Overview, 2017 - 2028 (USD Million)
10.1.1. Market End-user and projections, 2017 - 2028 (USD Million)
10.1.2. South America Shoulder Replacement Market Overview, By Shoulder Replacement Type, 2017 - 2028 (USD Million)
10.1.3. South America Shoulder Replacement Market Overview, By End-user, 2017 - 2028 (USD Million)
10.2. South America Shoulder Replacement Market Overview, By Countries, 2017 - 2028 (USD Million)
10.2.1. Brazil Shoulder Replacement Market Overview, 2017 - 2028 (USD Million)
10.2.1.1. Brazil Shoulder Replacement Market Overview, By Shoulder Replacement Type, 2017 - 2028 (USD Million)
10.2.1.2. Brazil Shoulder Replacement Market Overview, By End-user, 2017 - 2028 (USD Million)
10.2.2. Argentina Shoulder Replacement Market Overview, 2017 - 2028 (USD Million)
10.2.2.1. Argentina Shoulder Replacement Market Overview, By Shoulder Replacement Type, 2017 - 2028 (USD Million)
10.2.2.2. Argentina Shoulder Replacement Market Overview, By End-user, 2017 - 2028 (USD Million)
10.2.3. Rest of South America Shoulder Replacement Market Overview, 2017 - 2028 (USD Million)
10.2.3.1. Rest of South America Shoulder Replacement Market Overview, By Shoulder Replacement Type, 2017 - 2028 (USD Million)
10.2.3.2. Rest of South America Shoulder Replacement Market Overview, By End-user, 2017 - 2028 (USD Million)
Chapter 11. Middle East & Africa Shoulder Replacement Market Overview, By Countries, 2017 - 2028 (USD Million)
11.1. Middle East & Africa Shoulder Replacement Market Overview, 2017 - 2028 (USD Million)
11.1.1. Market End-user and projections, 2017 - 2028 (USD Million)
11.1.2. Middle East & Africa Shoulder Replacement Market Overview, By Shoulder Replacement Type, 2017 - 2028 (USD Million)
11.1.3. Middle East & Africa Shoulder Replacement Market Overview, By End-user, 2017 - 2028 (USD Million)
11.2. Middle East & Africa Shoulder Replacement Market Overview, By Countries, 2017 - 2028 (USD Million)
11.2.1. GCC Shoulder Replacement Market Overview, 2017 - 2028 (USD Million)
11.2.1.1. GCC Shoulder Replacement Market Overview, By Shoulder Replacement Type, 2017 - 2028 (USD Million)
11.2.1.2. GCC Shoulder Replacement Market Overview, By End-user, 2017 - 2028 (USD Million)
11.2.2. South Africa Shoulder Replacement Market Overview, 2017 - 2028 (USD Million)
11.2.2.1. South Africa Shoulder Replacement Market Overview, By Shoulder Replacement Type, 2017 - 2028 (USD Million)
11.2.2.2. South Africa Shoulder Replacement Market Overview, By End-user, 2017 - 2028 (USD Million)
11.2.3. Rest of Middle East & Africa Shoulder Replacement Market Overview, 2017 - 2028 (USD Million)
11.2.3.1. Rest of Middle East & Africa Shoulder Replacement Market Overview, By Shoulder Replacement Type, 2017 - 2028 (USD Million)
11.2.3.2. Rest of Middle East & Africa Shoulder Replacement Market Overview, By End-user, 2017 - 2028 (USD Million)
Chapter 12. Competitive Landscape
12.1. Competitive Environment, 2021
12.2. Strategic Framework
12.2.1. Partnership/Collaborations/Agreement
12.2.2. Expansion
12.2.3. Mergers & Acquisitions
12.2.4. New Product Development
Chapter 13. Key Vendor Analysis
13.1. Johnson & Johnson
13.1.1. Business Overview
13.1.2. Product Benchmarking
13.1.3. Financial Data
13.1.4. Strategic Overview
13.1.5. Key Developments
13.1.6. SWOT Analysis
13.2. DJO
13.2.1. Business Overview
13.2.2. Product Benchmarking
13.2.3. Financial Data
13.2.4. Strategic Overview
13.2.5. Key Developments
13.2.6. SWOT Analysis
13.3. Integra LifeSciences
13.3.1. Business Overview
13.3.2. Product Benchmarking
13.3.3. Financial Data
13.3.4. Strategic Overview
13.3.5. Key Developments
13.3.6. SWOT Analysis
13.4. Smith and Nephew
13.4.1. Business Overview
13.4.2. Product Benchmarking
13.4.3. Financial Data
13.4.4. Strategic Overview
13.4.5. Key Developments
13.4.6. SWOT Analysis
13.5. Stryker
13.5.1. Business Overview
13.5.2. Product Benchmarking
13.5.3. Financial Data
13.5.4. Strategic Overview
13.5.5. Key Developments
13.5.6. SWOT Analysis
13.6. Zimmer Biomet
13.6.1. Business Overview
13.6.2. Product Benchmarking
13.6.3. Financial Data
13.6.4. Strategic Overview
13.6.5. Key Developments
13.6.6. SWOT Analysis
13.7. Arthrex
13.7.1. Business Overview
13.7.2. Product Benchmarking
13.7.3. Financial Data
13.7.4. Strategic Overview
13.7.5. Key Developments
13.7.6. SWOT Analysis
13.8. Lima
13.8.1. Business Overview
13.8.2. Product Benchmarking
13.8.3. Financial Data
13.8.4. Strategic Overview
13.8.5. Key Developments
13.8.6. SWOT Analysis
13.9. Wright Medical Group
13.9.1. Business Overview
13.9.2. Product Benchmarking
13.9.3. Financial Data
13.9.4. Strategic Overview
13.9.5. Key Developments
13.9.6. SWOT Analysis
13.10. Exactech
13.10.1. Business Overview
13.10.2. Product Benchmarking
13.10.3. Financial Data
13.10.4. Strategic Overview
13.10.5. Key Developments
13.10.6. SWOT Analysis
13.11. B. Braun Melsungen
13.11.1. Business Overview
13.11.2. Product Benchmarking
13.11.3. Financial Data
13.11.4. Strategic Overview
13.11.5. Key Developments
13.11.6. SWOT Analysis
Chapter 14. Future Outlook of the Market
Disclaimer
Published On:Nov 2022
Base Year:2021
Historical Data:2019-2021
No of Pages:250
Shoulder Replacement Market Growth, Trends and For...
RD Code : HP22