Growing indications of total shoulder arthroplasty in worldwide
patient populations and their bettering post-operative outcomes especially in
those with shoulder arthritis have been contributing to the growth prospects of
the shoulder replacement market. Healthcare
proponents have benefitted from the advent of modular implant system
particularly that help restore preoperative activity in traumatic injuries.
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Makers Focus on Fracture-specific
Modular Implant Designs
Patients have benefitted from the introduction of
fracture-specific designs in implants especially in case of hemiarthroplasty
for complex proximal humerus fractures. Such advances in implants used have
allowed manufacturers huge scope for consolidating their foothold in the
shoulder replacement market. To facilitate their product development
initiatives, they are spending sizably in detailed anatomic studies with the
objective of developing techniques and implants for improving motion and
function in patients post-surgery. In recent years, inset glenoid implants for
arthritis have risen in clinical popularity and efforts are ongoing to improve
the long-term outcomes.
Some of the key medical device companies looking for high stakes
in the shoulder replacement market are Wright Medical Group, Inc., Zimmer
Biomet, Stryker Corporation, DePuy Synthes Companies, and DJO Global.
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Growing Patients for Reverse
Shoulder Arthroplasty add Sizable Revenues
Improving outcome of revision surgery is one of the key trends
underpinning the expanding potential in the shoulder replacement market. The
market reaps marked revenue gains from the growing popularity of reverse
shoulder arthroplasty (RSA), especially in patients who need rotator cuff tear
arthroplasty. The demographic has changed and shifted to include younger
patients. New revenue streams have come to the fore for manufacturers from
expanding indications of RSA. Overall, the prospects in the market are large.
The numbers don’t lie: a report by TMR projects the global shoulder replacement
market to clock of more than 7% from 2019 to 2027. The market stood at US$2 bn
in 2018.
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Players Need to Tread Cautiously
in Cost-Sensitive Markets
Growing awareness of the improving outcome across patients with
osteoarthritis and inflammatory arthroplasty in developing economies is opening
substantially lucrative avenues in developing regions of the world. In this
regard, Asia Pacific has shown an extraordinary potential in shoulder
replacement market. The customer base in the regional market seems to be rapidly
swelling, helped by a burgeoning medical tourism in some of its parts.
Indigenous players are supported by government regulations and a favorable
reimbursement scenario. With that said, the high cost is still a telling
concern to patients in developing regions, including Asia Pacific. This has
stimulated players to launch affordable products in cost-sensitive markets.
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A growing populations who put trust on their surgeons to help them
to return not just to normal daily activities but also to various sports is a
key streak in the dynamic of the shoulder replacement market, particularly in
total shoulder replacements. In addition, orthopedic medical device makers have
benefitted from growing candidates for total reverse shoulder arthroplasty over
the past few years.
The study presented here is based on a report by Transparency
Market Research (TMR) titled “Shoulder Replacement Market (Procedure – Total
Replacement, Reverse Shoulder Replacement, Partial Shoulder Replacement,
Shoulder Resurfacing, Revision Shoulder Arthroplasty; End User – Hospitals, Ambulatory
Surgical Centers, and Orthopedic Clinics) - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2019 –2027.”
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