The global shoulder replacement market is estimated to grow at a CAGR of 7.8% during the period of forecast, 2017 to 2025 and is anticipated to be valued at US$ 2898.2 Mn by the end of 2025.
Albany, NY -- (SBWIRE) -- 12/22/2017 -- The shoulder joint is considered one of the more complex joints in the body. Orthopedic specialists perform a shoulder replacement when this area is damaged from arthritis or trauma. Due to technological advancements in medical world, the number of surgeries has been increased, shoulder replacement is one of them. The rising popularity and success of reverse total shoulder arthroplasty for rotator cuff arthropathy has positively influenced the global market for shoulder replacement, finds a new report added to the vast repository of Market Research Hub (MRH). The title of the study is "Shoulder Replacement Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)" which throws lights on the current as well as future scenario of the market by highlighting major dynamics such as drivers, trends and opportunities for the market key players.
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According to the study key highlights, the global shoulder replacement market is estimated to grow at a CAGR of 7.8% during the period of forecast, 2017 to 2025 and is anticipated to be valued at US$ 2898.2 Mn by the end of 2025. The research also finds several factors that present in this market and boosting market growth. It has been analyzed that increasing medical infrastructure and medical facilities have provided several options for treatment of patients. The shoulder is the most mobile joint in the human body, which needs to be work properly. Shoulder replacement is a surgical procedure performed to replace or remove the damaged parts of the shoulder with artificial implant of the shoulder.
Major Insights from the study
- In the present time, increasing arthritis burden is the major driving factor for the growth of the shoulder replacement market. Among two major implant type method, that is Anatomical shoulder prosthesis and reverse; the reverse total shoulder replacement procedure has been accepted by surgeons and is further driving the expansion of the shoulder replacement market.
- The market has been analyzed on the basis of implant type, end user and region, which are briefly explained along with market opportunities. The market dynamics section of the report carried out information that have a direct impact on market revenue growth across the important geographies of North America, Europe, Latin America, Asia Pacific and Middle East and Africa. In terms of geography, North America is projected to show higher lucrativeness in the global shoulder replacement market with respect to implant type. The anatomical shoulder prosthesis segment is expected to remain the most dominating segment in the North America shoulder replacement market.
- After North America, Asia Pacific (APAC) is expected to be the most opportunistic region favorable for the shoulder prosthesis market by implant type.
- Utilization of robotics in surgeries to avoid severe complications is also a key factor in this market which leads to adoption of shoulder replacement method.
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The report provides a detailed outline of the shoulder replacement market globally that will assist new companies in establishing their presence and market players in expanding their market share in the market. The report concludes with the company profile section which includes company overview, financial overview, SWOT analysis, future expansion plans, product portfolio, the mergers and acquisitions taking or taken place, business strategies and recent developments for market players. Key players mentioned in the study include DePuy Synthes, Stryker Corporation, Smith & Nephew, DJO Surgical, Zimmer Biomet, Wright Medical Group, Integra LifeSciences, Lima Corporate, Exactech and Tornier, Inc., Arthrex Inc, B. Braun Melsungen AG and Others.
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