Market Overview:
The global shoulder hemiarthroplasty systems industry is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of shoulder injuries and disorders, rising geriatric population, and technological advancements in shoulder hemiarthroplasty systems. The global shoulder hemiarthroplasty systems industry can be segmented on the basis of type, application, and region. On the basis of type, the market can be segmented into arthritis, fracture/dislocation, rotator cuff tear arthropathy (RCA), Hill Sachs defect (HSD), and other types. The arthritis segment is expected to account for the largest share of the global shoulder hemiarthroplasty systems industry in 2018 owing to its high prevalence among all age groups. On the basis of application, hospitals and clinics are expected to account for a larger share of the market than outpatient surgical centers duringthe forecast period owingto their higher patient baseand better infrastructure facilities for surgeries.
Product Definition:
The shoulder hemiarthroplasty systems industry is a medical device industry that manufactures shoulder replacement implants and surgical instruments used in the treatment of shoulder arthritis. The importance of the shoulder hemiarthroplasty systems industry is that it provides products and services that improve the quality of life for patients with debilitating shoulder arthritis.
Arthritis:
Arthritis is a chronic degenerative condition of the joints. The shoulder hemiarthroplasty systems market is expected to grow at a significant rate over the forecast period owing to factors such as increasing geriatric population base, rising prevalence of lifestyle associated diseases and changing lifestyles.
According to statistics published by Arthritis Foundation in 2015, it was estimated that around 54 million Americans were living with arthritis which increased up'standing figure from 34 million in 1990.
Fracture/Dislocation:
Shoulder hemiarthroplasty is a surgical procedure that involves the correction of shoulder joint dysfunction. The most common cause of shoulder pain in adults is due to dislocation or fracture of the glenohumeral joint. This can be treated by re-locating and stabilizing the fragment using various techniques such as internal or external rotation, reverse glenohumeral fixation, corpectomy procedures, and Glenoidoplasty (surgical repair).
Application Insights:
The hospitals and clinics segment dominated the market in 2017. This can be attributed to the increasing prevalence of diseases, such as osteoarthritis, rheumatoid arthritis, and ankylosing spondylitis. These conditions are associated with significant pain and disability in patients which impacts their ability to perform daily activities. Shoulder hemiarthroplasty is performed as a last resort when other treatments fail or patients are not satisfied with their results after surgery. As a result, hospitals remain the primary healthcare providers for these procedures across regions.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of well-established healthcare infrastructure, high patient awareness levels coupled with relatively higher healthcare expenditure levels in this region. In addition, growing prevalence of osteoarthritis and other joint disorders is expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period due to rising geriatric population and increasing disposable income resulting into increased demand for advanced surgical treatment options for orthopedic conditions. Moreover, improving medical facilities due to rise in investments by international players are expected to boost regional growth during the forecast period.
Growth Factors:
- Increasing geriatric population: The global shoulder hemiarthroplasty systems market is expected to grow at a CAGR of 5.5% during the forecast period due to the increasing geriatric population. As people age, they are more likely to suffer from orthopedic conditions, such as arthritis and other degenerative diseases, which can lead to shoulder pain and disability. This is expected to drive the demand for shoulder hemiarthroplasty systems products in the coming years.
- Rising prevalence of obesity: Obesity has been identified as one of the major risk factors for developing various musculoskeletal disorders, including rotator cuff tear and osteoarthritis of the shoulder joint. According to a study by The Lancet, obesity rates have doubled since 1980 and now account for more than 2 billion adults worldwide. This is expected to increase the demand for shoulder hemiarthroplasty systems products in future years as obese patients are more likely to require surgery for treatment of their condition.
Scope Of The Report
Report Attributes
Report Details
Report Title
Shoulder Hemiarthroplasty Systems Industry Market Research Report
By Type
Arthritis, Fracture/Dislocation, Rotator Cuff Tear Arthropathy, Hill Sachs Defect, Other
By Application
Hospitals and Clinics, Outpatient Surgical Centers
By Companies
Wright Medical Group, Inc., Tornier Inc., Integra LifeSciences Corporation, Zimmer Biomet, DePuy Synthes, Arthrex, Inc., Smith and Nephew Plc, Conmed Corporation, DJO Global, Evolutis, Exactech, Inc.
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Shoulder Hemiarthroplasty Systems Industry Market Report Segments:
The global Shoulder Hemiarthroplasty Systems Industry market is segmented on the basis of:
Types
Arthritis, Fracture/Dislocation, Rotator Cuff Tear Arthropathy, Hill Sachs Defect, Other
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 and Clinics, Outpatient 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:
- Wright Medical Group, Inc.
- Tornier Inc.
- Integra LifeSciences Corporation
- Zimmer Biomet
- DePuy Synthes
- Arthrex, Inc.
- Smith and Nephew Plc
- Conmed Corporation
- DJO Global
- Evolutis
- Exactech, Inc.
Highlights of The Shoulder Hemiarthroplasty Systems Industry 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:
- Arthritis
- Fracture/Dislocation
- Rotator Cuff Tear Arthropathy
- Hill Sachs Defect
- Other
- By Application:
- Hospitals and Clinics
- Outpatient 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 Shoulder Hemiarthroplasty Systems Industry 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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- Correctly Positioning New Products
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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?
The shoulder hemiarthroplasty systems industry is a $2.5 billion global market that includes the development, manufacture, and sale of surgical devices used to treat rotator cuff tears and other shoulder injuries. The industry also includes the provision of surgical services related to these devices.
Some of the major companies in the shoulder hemiarthroplasty systems industry market are Wright Medical Group, Inc., Tornier Inc., Integra LifeSciences Corporation, Zimmer Biomet, DePuy Synthes, Arthrex, Inc., Smith and Nephew Plc, Conmed Corporation, DJO Global, Evolutis, Exactech, Inc..
The shoulder hemiarthroplasty systems industry market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Shoulder Hemiarthroplasty Systems Industry Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Shoulder Hemiarthroplasty Systems Industry Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Shoulder Hemiarthroplasty Systems Industry Market - Supply Chain
4.5. Global Shoulder Hemiarthroplasty Systems Industry Market Forecast
4.5.1. Shoulder Hemiarthroplasty Systems Industry Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Shoulder Hemiarthroplasty Systems Industry Market Size (000 Units) and Y-o-Y Growth
4.5.3. Shoulder Hemiarthroplasty Systems Industry Market Absolute $ Opportunity
5. Global Shoulder Hemiarthroplasty Systems Industry Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Shoulder Hemiarthroplasty Systems Industry Market Size and Volume Forecast by Type
5.3.1. Arthritis
5.3.2. Fracture/Dislocation
5.3.3. Rotator Cuff Tear Arthropathy
5.3.4. Hill Sachs Defect
5.3.5. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Shoulder Hemiarthroplasty Systems Industry Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Shoulder Hemiarthroplasty Systems Industry Market Size and Volume Forecast by Application
6.3.1. Hospitals and Clinics
6.3.2. Outpatient Surgical Centers
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Shoulder Hemiarthroplasty Systems Industry Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Shoulder Hemiarthroplasty Systems Industry Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Shoulder Hemiarthroplasty Systems Industry Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Shoulder Hemiarthroplasty Systems Industry Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Shoulder Hemiarthroplasty Systems Industry Demand Share Forecast, 2019-2026
9. North America Shoulder Hemiarthroplasty Systems Industry Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Shoulder Hemiarthroplasty Systems Industry Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Shoulder Hemiarthroplasty Systems Industry Market Size and Volume Forecast by Application
9.4.1. Hospitals and Clinics
9.4.2. Outpatient Surgical Centers
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Shoulder Hemiarthroplasty Systems Industry Market Size and Volume Forecast by Type
9.7.1. Arthritis
9.7.2. Fracture/Dislocation
9.7.3. Rotator Cuff Tear Arthropathy
9.7.4. Hill Sachs Defect
9.7.5. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Shoulder Hemiarthroplasty Systems Industry Demand Share Forecast, 2019-2026
10. Latin America Shoulder Hemiarthroplasty Systems Industry Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Shoulder Hemiarthroplasty Systems Industry Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Shoulder Hemiarthroplasty Systems Industry Market Size and Volume Forecast by Application
10.4.1. Hospitals and Clinics
10.4.2. Outpatient Surgical Centers
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Shoulder Hemiarthroplasty Systems Industry Market Size and Volume Forecast by Type
10.7.1. Arthritis
10.7.2. Fracture/Dislocation
10.7.3. Rotator Cuff Tear Arthropathy
10.7.4. Hill Sachs Defect
10.7.5. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Shoulder Hemiarthroplasty Systems Industry Demand Share Forecast, 2019-2026
11. Europe Shoulder Hemiarthroplasty Systems Industry Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Shoulder Hemiarthroplasty Systems Industry Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Shoulder Hemiarthroplasty Systems Industry Market Size and Volume Forecast by Application
11.4.1. Hospitals and Clinics
11.4.2. Outpatient Surgical Centers
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Shoulder Hemiarthroplasty Systems Industry Market Size and Volume Forecast by Type
11.7.1.Arthritis
11.7.2. Fracture/Dislocation
11.7.3. Rotator Cuff Tear Arthropathy
11.7.4. Hill Sachs Defect
11.7.5. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Shoulder Hemiarthroplasty Systems Industry Demand Share, 2019-2026
12. Asia Pacific Shoulder Hemiarthroplasty Systems Industry Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Shoulder Hemiarthroplasty Systems Industry Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Shoulder Hemiarthroplasty Systems Industry Market Size and Volume Forecast by Application
12.4.1. Hospitals and Clinics
12.4.2. Outpatient Surgical Centers
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Shoulder Hemiarthroplasty Systems Industry Market Size and Volume Forecast by Type
12.7.1. Arthritis
12.7.2. Fracture/Dislocation
12.7.3. Rotator Cuff Tear Arthropathy
12.7.4. Hill Sachs Defect
12.7.5. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Shoulder Hemiarthroplasty Systems Industry Demand Share, 2019-2026
13. Middle East & Africa Shoulder Hemiarthroplasty Systems Industry Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Shoulder Hemiarthroplasty Systems Industry Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Shoulder Hemiarthroplasty Systems Industry Market Size and Volume Forecast by Application
13.4.1. Hospitals and Clinics
13.4.2. Outpatient Surgical Centers
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Shoulder Hemiarthroplasty Systems Industry Market Size and Volume Forecast by Type
13.7.1. Arthritis
13.7.2. Fracture/Dislocation
13.7.3. Rotator Cuff Tear Arthropathy
13.7.4. Hill Sachs Defect
13.7.5. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Shoulder Hemiarthroplasty Systems Industry Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Shoulder Hemiarthroplasty Systems Industry Market: Market Share Analysis
14.2. Shoulder Hemiarthroplasty Systems Industry Distributors and Customers
14.3. Shoulder Hemiarthroplasty Systems Industry Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Wright Medical Group, Inc.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Tornier Inc.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Integra LifeSciences Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Zimmer Biomet
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. DePuy Synthes
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Arthrex, Inc.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Smith and Nephew Plc
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Conmed Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. DJO Global
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Evolutis
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Exactech, Inc.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
