Market Trends of Global Shoulder Replacement Industry
This section covers the major market trends shaping the Shoulder Replacement Market according to our research experts:
Anatomical Shoulder Prosthesis is Expected to Witness Healthy Growth
Arthroplasty has proved to be one of the most reliable treatment options for degenerative joint diseases of the shoulder. There have been several advancements in implant designs over the last 60 years to address the initial problems encountered in arthroplasty which include restoration of function and implant loosening. Despite the fact that reverse shoulder arthroplasty (RSA) has become the most commonly performed type of shoulder replacement in major countries such as the United States and the United Kingdom, total anatomical shoulder arthroplasty (TSA) has remained a well-established treatment for osteoarthritis in patients with a competent rotator cuff. Patients with osteoarthritis that are treated with TSA can nowadays expect a lasting, significant improvement in pain and function. Due to this efficacy of anatomical shoulder arthroplasty, the same is expected to gain more attention in the future. In Europe, the International Osteoporosis Foundation (IOF) is responsible for raising awareness of osteoporosis care in Europe. According to the article titled 'Trends in incidence and prevalence of osteoarthritis in the United Kingdom,' published by the National Institute of Health, in 2020, the incidence of Osteoarthritis in the United Kingdom was 6.8 per 1000 people, whereas the prevalence was around 10.7% during the year 2020, which will rsult in the growth of this segment.
North America is Expected to Dominate the Overall Market
The North American region dominates the shoulder replacement market, and it is expected to do the same during the forecast period. With the presence of major international companies that are in the medical device business, the United States and Canada are becoming the largest hotspot for the medical device industry. Added to that, the development of the healthcare system in the United States and Canada is also fuelling the market studied.
As per the data from World Bank 2020, about 16.9% of the American population was 65 years old or over, which is believed to reach up to 22% by the year 2050. The number of adults in the United States with doctor-diagnosed arthritis is projected to increase by 49% to 78.4 million (25.9% of all adults). Additionally, according to a report by Weinstein Legal, published in March 2020, nearly 30 million children and adolescents participate in youth sports in the country each year, which is likely to drive the demand for the shoulder replacement devices market in the United States.
Furthermore, in August 2021, Johnson & Johnson introduced the INHANCE Shoulder System, fully integrated shoulder arthroplasty system. It offer surgeons the ability to seamlessly transition from stemless to stemmed implants during surgical procedures. Hence, owing to such factors, North America currently may dominate the market and is believed to follow the same trend over the forecast period.
