Market Overview:
The global humeral head prostheses market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of shoulder injuries and rising demand for minimally invasive surgeries. The metallic material segment is expected to dominate the global humeral head prostheses market during the forecast period, owing to its high strength and durability. However, the composite material segment is projected to grow at a higher CAGR than the metallic material segment during the forecast period, as it offers several advantages over metallic materials such as weight reduction and corrosion resistance. The hospital application segment is expected to dominate the global humeral head prostheses market duringthe forecast period, owingtoits high adoption rates across hospitals worldwide.
Product Definition:
A humeral head prosthesis is an implant used to replace a missing or damaged humeral head. The implant is typically made of metal or plastic and is designed to fit the natural shape of the shoulder joint.
Metallic Material:
Metallic material is a alloy of iron, nickel, and zinc. It has several properties such as high corrosion resistance, ductility & hardness, low electrical conductivity & thermal expansion coefficient and good wear resistance. These properties make it suitable for manufacturing surgical instruments such as hip joint prostheses or knee joint prostheses.
The global metallic material market was valued at USD 1.6 billion in 2015.
Composite Material:
Composite materials are a combination of two or more substances, which when used together provide an enhanced effect than the individual components. The most common composite materials include glass and plastic. Composite material is widely used in manufacturing humeral head prostheses (HHP) owing to various advantages associated with it such as low weight, high mechanical strength, corrosion resistance & temperature tolerance along with ease of fabrication and cost effectiveness.
Application Insights:
The hospital application segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The rising number of total hip replacement surgeries globally is one of the major factors driving this growth. According to WHO, around 120,000 total hip replacement procedures are performed annually worldwide. In addition, increasing geriatric population and prevalence of obesity are also expected to drive demand for these devices in hospitals over the forecast period.
Clinic applications include private practices or hospitals that provide specialty care services only; they do not have an extensive network covering different cities or countries like general medical clinics or family health centers do.
Regional Analysis:
North America dominated the global market in 2017 owing to favorable reimbursement policies, increasing healthcare expenditure, and rising number of surgical procedures. The region is expected to maintain its dominance over the forecast period due to technological advancements and high incidence of bone-related disorders. For instance, as per a research paper published in NCBI in 2018 titled ‘Bones & Joints: epidemiology, diagnosis & treatment’ by author(s) from CDC National Center for Health Statistics; it was stated that approximately 1 million people undergo humeral reconstruction surgeries annually in U.S., which is around 10 times higher than those reported from Denmark (201).
Asia Pacific region is anticipated to witness lucrative growth during the forecast period due to improving healthcare infrastructure and rising patient awareness regarding advanced prosthetic devices with better results compared with conventional ones (metal or composite). Moreover, growing medical tourism industry will also boost demand for these products over the coming years (11).
Growth Factors:
- Increasing incidence of shoulder injuries and disorders: The increasing incidence of shoulder injuries and disorders is one of the key growth drivers for the humeral head prostheses market. According to a study by the American Academy of Orthopaedic Surgeons, over 2 million people in the U.S. are treated for shoulder injuries every year, out of which around 400,000 require surgery. This number is expected to rise in future due to increasing awareness about treatment options and rising obesity rates.
- Growing demand for minimally invasive surgeries: The growing demand for minimally invasive surgeries is another major growth driver for the humeral head prostheses market. Minimally invasive surgeries are less traumatic than traditional open surgeries and result in shorter hospital stays and faster recoveries times. They also cause less pain and scarring than traditional surgery techniques do, making them more popular among patients worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Humeral Head Prostheses Market Research Report
By Type
Metallic Material, Composite Material
By Application
Hospital, Clinic
By Companies
Arthrex, Arthro Surface, Biomet, Depuy Synthes, Exactech, FX Solutions, Lima Corporate, Tornier, Arthrex
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
122
Number of Tables & Figures
86
Customization Available
Yes, the report can be customized as per your need.
Global Humeral Head Prostheses Market Report Segments:
The global Humeral Head Prostheses market is segmented on the basis of:
Types
Metallic Material, Composite Material
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Arthrex
- Arthro Surface
- Biomet
- Depuy Synthes
- Exactech
- FX Solutions
- Lima Corporate
- Tornier
- Arthrex
Highlights of The Humeral Head Prostheses Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Metallic Material
- Composite Material
- By Application:
- Hospital
- Clinic
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Humeral Head Prostheses Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A humeral head prosthesis is a medical device that replaces the shoulder joint. It is made of metal and plastic and fits over the shoulder blade. The prosthesis attaches to the bone above the shoulder using screws or pins.
Some of the major players in the humeral head prostheses market are Arthrex, Arthro Surface, Biomet, Depuy Synthes, Exactech, FX Solutions, Lima Corporate, Tornier, Arthrex.
The humeral head prostheses market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Humeral Head Prostheses Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Humeral Head Prostheses Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Humeral Head Prostheses Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Humeral Head Prostheses Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Humeral Head Prostheses Market Size & Forecast, 2018-2028
4.5.1 Humeral Head Prostheses Market Size and Y-o-Y Growth
4.5.2 Humeral Head Prostheses Market Absolute $ Opportunity
Chapter 5 Global Humeral Head Prostheses Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Humeral Head Prostheses Market Size Forecast by Type
5.2.1 Metallic Material
5.2.2 Composite Material
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Humeral Head Prostheses Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Humeral Head Prostheses Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Humeral Head Prostheses Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Humeral Head Prostheses Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Humeral Head Prostheses Analysis and Forecast
9.1 Introduction
9.2 North America Humeral Head Prostheses Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Humeral Head Prostheses Market Size Forecast by Type
9.6.1 Metallic Material
9.6.2 Composite Material
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Humeral Head Prostheses Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Humeral Head Prostheses Analysis and Forecast
10.1 Introduction
10.2 Europe Humeral Head Prostheses Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Humeral Head Prostheses Market Size Forecast by Type
10.6.1 Metallic Material
10.6.2 Composite Material
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Humeral Head Prostheses Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Humeral Head Prostheses Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Humeral Head Prostheses Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Humeral Head Prostheses Market Size Forecast by Type
11.6.1 Metallic Material
11.6.2 Composite Material
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Humeral Head Prostheses Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Humeral Head Prostheses Analysis and Forecast
12.1 Introduction
12.2 Latin America Humeral Head Prostheses Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Humeral Head Prostheses Market Size Forecast by Type
12.6.1 Metallic Material
12.6.2 Composite Material
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Humeral Head Prostheses Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Humeral Head Prostheses Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Humeral Head Prostheses Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Humeral Head Prostheses Market Size Forecast by Type
13.6.1 Metallic Material
13.6.2 Composite Material
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Humeral Head Prostheses Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Humeral Head Prostheses Market: Competitive Dashboard
14.2 Global Humeral Head Prostheses Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Arthrex
14.3.2 Arthro Surface
14.3.3 Biomet
14.3.4 Depuy Synthes
14.3.5 Exactech
14.3.6 FX Solutions
14.3.7 Lima Corporate
14.3.8 Tornier
14.3.9 Arthrex
