Shoulder Replacement Market to Grow with a CAGR of 7.13% through 2030
Rising incidence of shoulder conditions and
advancements in implant technology is expected to drive the Global Shoulder
Replacement Market growth in the forecast period, 2026-2030.
According to TechSci Research report, “Shoulder
Replacement Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2030F”, the Global Shoulder Replacement Market
stood at USD 1.68 Billion in 2024 and is anticipated to grow with a CAGR of 7.13%
in the forecast period through 2030. This can be attributed to growing healthcare
infrastructure. Improved healthcare infrastructure in many regions of the world
has made shoulder replacement surgery more accessible to a larger population.
The availability of state-of-the-art facilities, well-trained healthcare
professionals, and advanced medical equipment has contributed to the growth of
the shoulder replacement market.
Additionally, biologics and regenerative therapies are
emerging as potential alternatives or complementary treatments to shoulder
replacement surgery. Stem cell therapies and growth factor injections may help
repair damaged shoulder tissues, delaying or eliminating the need for surgery.
These therapies offer less invasive options for patients and may reduce the
demand for traditional replacements.
The healthcare
industry has been significantly impacted by the COVID-19 pandemic. Healthcare
facilities had to redirect their focus from orthopedic procedures to the
treatment of COVID-19 patients, causing a disruption in the market's growth.
Some regions saw the closure or limited operations of orthopedic and smaller
hospitals, with other facilities being converted into containment and treatment
centers for COVID-19 patients. The suspension of elective surgeries during the
pandemic led to a decrease in hands-on practice and exposure to various
procedures. Additionally, many hospitals delayed the procurement of medical
equipment for surgical procedures, further affecting market growth.
The rising
incidence of arthritis has emerged as a major cause of disability among adults
and the elderly on a global scale. A study conducted by the National Institute
for Health and Care Research (NIHR) in 2021, which analyzed nine studies
involving shoulder replacements, indicated that approximately nine out of ten
shoulder replacements have a lifespan of at least a decade. This longevity of
shoulder replacements is expected to drive growth in the market.
Furthermore, a
prospective and retrospective observational study conducted by Chintala
Srilekha et al. in South India highlighted that individuals between the ages of
46 and 60 were most affected by osteoarthritis, with a higher prevalence among
females. According to data from the United Nations' World Population Prospects:
The 2021 Revision, the global population aged 65 years or older is projected to
more than double by 2050, increasing from 727 million in 2020 to 1.5 billion in
2050. This age group is experiencing faster growth rates compared to younger
demographics. Consequently, the worldwide population of arthritis patients is
expanding, leading to a heightened demand for shoulder replacement procedures.
As the burden of arthritis grows and the aging population continues to rise,
the demand for shoulder replacements is expected to follow suit.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Shoulder Replacement Market”
The Global Shoulder
Replacement Market is segmented into type, procedure, end-user, regional
distribution, and company.
Based on its type,
anatomical shoulder prosthesis is expected to grow during the forecast period.
Arthroplasty has established itself as a highly dependable treatment option for
shoulder joint degenerative disorders. Over the past six decades, there have
been numerous innovations in implant designs, aimed at resolving initial
challenges encountered in arthroplasty, including the restoration of function
and prevention of implant loosening. Despite the ascendancy of reverse shoulder
arthroplasty (RSA) as the predominant shoulder replacement procedure in prominent
nations like the United States and the United Kingdom, total anatomical
shoulder arthroplasty (TSA) continues to serve as a well-established
therapeutic approach for osteoarthritis in patients possessing a functional
rotator cuff. Individuals
suffering from osteoarthritis who undergo TSA can now anticipate enduring and
significant enhancements in pain relief and functionality. Given the proven
effectiveness of anatomical shoulder arthroplasty, it is projected to garner
increased attention and demand in the future. In Europe, the International
Osteoporosis Foundation (IOF) assumes responsibility for promoting awareness of
osteoporosis care. According to the research article titled "Trends in the
Incidence and Prevalence of Osteoarthritis in the United Kingdom," as
published by the National Institute of Health, the incidence of osteoarthritis
in the United Kingdom stood at 6.8 cases per 1000 individuals in 2020, with a
prevalence rate of approximately 10.7% during the same year. These statistics
are expected to contribute to the growth of the anatomical shoulder prosthesis
segment.
Based on Region, the Asia Pacific region is witnessing the fastest growth in the shoulder replacement market. This growth is primarily driven by a rising aging population across countries like China, Japan, and India, where joint-related issues, including shoulder arthritis and injuries, are becoming increasingly common. As life expectancy increases, so does the demand for advanced orthopedic solutions to maintain mobility and improve quality of life. Additionally, healthcare infrastructure in the region is steadily improving, making surgical procedures such as shoulder replacement more accessible to a broader population. There is also a growing awareness of modern treatment options, leading more patients to opt for surgical interventions earlier in the course of their conditions. Moreover, economic development and expanding middle-class populations have led to higher healthcare spending and a greater focus on wellness and mobility in later years. The availability of skilled medical professionals and increasing adoption of technologically advanced implants are further accelerating the market’s growth in this region. All these factors collectively position Asia Pacific as the fastest-growing region in the shoulder replacement market.
Major companies
operating in Global Shoulder Replacement Market are:
- Arthrex Inc
- Zimmer Biomet Holdings Inc
- Integra LifeSciences Corporation
- Johnson & Johnson Services, Inc.
- Smith & Nephew PLC
- Wright Medical Group NV
- Stryker Corporation
- DJO Global Inc
- Acumed Inc
- Exactech Inc
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“The global
shoulder replacement market is evolving rapidly, driven by innovative
technologies, patient-centric approaches, and a growing demand for improved
quality of life among individuals with shoulder conditions. As personalized
implants, minimally invasive techniques, and robot-assisted surgery become
standard practice, the future of shoulder replacement procedures promises
better outcomes and enhanced patient experiences. Additionally, the integration
of biologics and regenerative therapies, along with the expanding role of
telemedicine, is poised to transform the landscape of shoulder care, offering
patients a wider range of treatment options and increasing accessibility to
healthcare services”, said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based management consulting firm.
“Shoulder Replacement Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By 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 & Competition, 2020-2030F”,
has evaluated the future growth potential of Global Shoulder Replacement Market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Shoulder Replacement Market.
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