Market Overview:
The global humeral implant market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of shoulder injuries and rising demand for minimally invasive surgeries. The fixed implants segment is expected to dominate the market during the forecast period owing to its advantages such as ease of use, low infection rates, and long-term stability. However, the variable implants segment is projected to grow at a higher CAGR during the forecast period due to its ability to adjust according to individual patient needs. In terms of application, hospitals are expected dominate the market duringthe forecast period owingto their large patient base and growing demand for minimally invasive surgeries.
Product Definition:
A humeral implant is a surgical device that is used to replace the head of the humerus bone in the upper arm. The implant is made of metal and plastic and is designed to provide stability and support to the joint. The implant may be used in cases of fracture, dislocation, or arthritis.
Fixed Implants:
Fixed implants are surgical devices that are fixed in a body part and can’t be moved once it is implanted. The most common types of fixed implants include hip, knee, and shoulder replacements. These surgeries are performed to replace damaged or diseased joints with artificial ones.
The global humeral implant market size was valued at USD 1,Billion in 2015.
Variable Implants:
Variable implants are customized devices that are manufactured to replace a damaged bone or missing tooth. They can be used for various applications such as dental, orthopedic, and craniofacial. These implants have the ability to change shape according to the anatomy of a patient which helps in better fit and effective function. The technology is still evolving with many new developments taking place in different fields such as Materials Science & Engineering, Biomedical Engineering etc.
Application Insights:
The hospitals segment dominated the global market in 2017. Hospitals are generally considered as the most prominent application segment for humeral implants owing to several advantages of this technology, such as rapidity and convenience of surgery, reduction in postoperative pain and complications, shorter hospital stay duration, reduced risk of infection due to cleanliness and sterilization procedures followed by this technology. These aforementioned factors are likely to boost humeral implant surgeries at hospitals over the forecast period.
On average, around 20% - 30% (%) of patients suffer from some form of arthritis during their lifetime; however; only a small percentage (less than 5%) ever visits a doctor or goes for treatment due to it. According these statistics released by Arthritis Foundation Inc., around 54 million people aged between 18-64 have arthritis or rheumatic conditions related it which means that nearly 35 million people in U.S.
Regional Analysis:
North America dominated the global market in 2017 owing to favorable reimbursement policies, increasing geriatric population, and high healthcare expenditure. The U.S., which is at the forefront of this region, accounted for a major share in North American regional market due to its well-developed healthcare infrastructure and advanced medical technology coupled with an increase in awareness levels amongst surgeons and patients.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to improving economic conditions leading to an increase in disposable income resulting into increased demand for advanced surgical procedures such as humeral replacement surgeries. Furthermore, rising cases of osteoporosis are also anticipated as a key factor driving this regional market forward since it increases the risk of bone fractures thereby boosting humeral implant sales volumes across Asia Pacific region during the forecast period from 2018 To 2030 (USD X billion).
Growth Factors:
- Increasing incidence of fractures and osteoporosis: The humeral implant market is expected to grow at a CAGR of 5.5% from 2016 to 2021, owing to the increasing incidence of fractures and osteoporosis. Fractures are caused by various factors such as accidents, falls, and sports injuries, which in turn is leading to an increase in the demand for humeral implants.
- Rising geriatric population: The global geriatric population is expected to reach 1.6 billion by 2020, which will drive the demand for humeral implants as this population is more prone to bone fractures than other age groups.
- Technological advancements: The development of new technologies has led to the introduction of innovative products in the market that offer better performance and durability than traditional implants. This is likely to boost growth prospects for the humeral implant market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Humeral Implant Market Research Report
By Type
Fixed Implants, Variable Implants
By Application
Hospitals, Clinics, Ambulatory Surgical Centers
By Companies
B. Braun Holding, Arthrex, Exactech, Zimmer Biomet, Smith & Nephew, Stryker, Wright Medical Group, Johnson＆Johnson
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
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Humeral Implant Market Report Segments:
The global Humeral Implant market is segmented on the basis of:
Types
Fixed Implants, Variable Implants
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
Hospitals, Clinics, Ambulatory Surgical Centers
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:
- B. Braun Holding
- Arthrex
- Exactech
- Zimmer Biomet
- Smith & Nephew
- Stryker
- Wright Medical Group
- Johnson＆Johnson
Highlights of The Humeral Implant 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:
- Fixed Implants
- Variable Implants
- By Application:
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- 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 Implant 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 implant is a medical device that is inserted into the shoulder joint to replace a dislocated or damaged shoulder joint.
Some of the key players operating in the humeral implant market are B. Braun Holding, Arthrex, Exactech, Zimmer Biomet, Smith & Nephew, Stryker, Wright Medical Group, Johnson＆Johnson.
The humeral implant 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 Implant 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 Implant Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Humeral Implant 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 Implant 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 Implant Market Size & Forecast, 2020-2028
4.5.1 Humeral Implant Market Size and Y-o-Y Growth
4.5.2 Humeral Implant Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Fixed Implants
5.2.2 Variable Implants
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Ambulatory Surgical Centers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Humeral Implant 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 Implant 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Fixed Implants
9.6.2 Variable Implants
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 Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Ambulatory Surgical Centers
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Fixed Implants
10.6.2 Variable Implants
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 Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Ambulatory Surgical Centers
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Fixed Implants
11.6.2 Variable Implants
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 Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Ambulatory Surgical Centers
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Fixed Implants
12.6.2 Variable Implants
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 Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Ambulatory Surgical Centers
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Fixed Implants
13.6.2 Variable Implants
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) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Ambulatory Surgical Centers
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 Implant Market: Competitive Dashboard
14.2 Global Humeral Implant Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 B. Braun Holding
14.3.2 Arthrex
14.3.3 Exactech
14.3.4 Zimmer Biomet
14.3.5 Smith & Nephew
14.3.6 Stryker
14.3.7 Wright Medical Group
14.3.8 Johnson＆Johnson
