Artificial Shoulder Replacements Market size was valued at USD 1.5 Billion in 2024 and is projected to reach USD 2.8 Billion by 2033, exhibiting a CAGR of 7.4% from 2026 to 2033.
The global artificial shoulder replacements market was valued at approximately USD 2.7 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.2% from 2023 to 2030. The rising demand for shoulder replacement surgeries, fueled by the aging population and increasing prevalence of shoulder disorders such as arthritis, fractures, and rotator cuff injuries, is driving market growth. North America held the largest share in 2022, accounting for about 40% of the global market. This is primarily due to the high adoption of advanced healthcare technologies, a well established healthcare infrastructure, and increased healthcare spending. The market in this region is expected to maintain a significant share throughout the forecast period due to the growing geriatric population and technological advancements in medical devices. Additionally, the increasing prevalence of lifestyle related diseases is contributing to the growth in this region.
In terms of regional growth, Europe follows closely behind North America, holding around 30% of the market in 2022. The demand for artificial shoulder replacements in Europe is driven by similar factors, such as an aging population and the rising number of sports injuries. The Asia Pacific region is anticipated to witness the highest CAGR of 7.5% from 2023 to 2030, driven by improving healthcare infrastructure, rising disposable incomes, and the increasing prevalence of shoulder conditions in countries like China and India. Latin America and the Middle East & Africa markets are also projected to grow steadily due to enhanced access to healthcare and growing awareness of shoulder replacement procedures.
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BioPoly RS LLC
CeramTec GmbH
DePuy Synthes Inc
Exactech Inc
Imperial College London
Innovative Design Orthopaedics Ltd
Integra LifeSciences Holdings Corp
Medical Bionics Inc
Orbis Medisch Centrum
Shoulder Options
Inc.
Topsfield Medical GmbH
Wright Medical Group NV
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Artificial Shoulder Replacements Market
Traditional Shoulder Replacement
Reverse Shoulder Replacement
Partial Shoulder Replacement
Resurfacing Shoulder Arthroplasty
Metallic Implants
Ceramic Implants
Polyethylene Implants
Custom 3D Printed Implants
Hospitals
Orthopedic Clinics
Ambulatory Surgical Centers
Rehabilitation Centers
Open Surgery
Minimally Invasive Surgery
Arthroscopic Surgery
Direct Anterior Approach
Trauma-related Surgeries
Degenerative Joint Diseases
Tumor-related Surgeries
Revisions and Replacements
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Artificial Shoulder Replacements Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Artificial Shoulder Replacements Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Artificial Shoulder Replacements Market, By Type
6. Global Artificial Shoulder Replacements Market, By Application
7. Global Artificial Shoulder Replacements Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Artificial Shoulder Replacements Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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