Press Release-Shoulder Replacement Market to Reach USD 850.3 Million by 2035

According to analysts at Vantage Market Research, the Global Shoulder Replacement Market size is worth USD 450.5 Million in 2024 and is projected to reach USD 850.3 Million by 2035, growing at a CAGR (Compound Annual Growth Rate) of 8.26% from 2024 to 2035. Key trends of market include advancements in implant technology, minimally invasive surgical techniques, rising demand for personalized treatments, increasing awareness, and the growing adoption of robotic-assisted surgeries.

Market Overview

The rising incidence of shoulder conditions is a key driver in the shoulder replacement market. Globally, as rising number of population ages, musculoskeletal issues, particularly those affecting the shoulder, are becoming more prevalent. Growing the demand for shoulder replacement surgeries caused by such as osteoarthritis, rotator cuff tears, and shoulder fractures are common among the elder age peoples. Moreover, In Younger individuals, changing lifestyle factors such as increased participation in physical activities and sports can also contribute to shoulder injuries. The market is particularly driven by growing prevalence of shoulder-related conditions is prompting healthcare providers to seek advanced surgical solutions.

Advancements in implant technology are a major driver in the shoulder replacement market industry, significantly enhancing the outcomes of surgeries and expanding the treatment options available to patients. Additionally, as advancement in modern implants, such as custom-designed prosthetics and materials like highly durable polymers and metals, offer better functionality, improved wear resistance, and longer lifespan compared to traditional implants. These innovations allow for more precise and personalized fitment, leading to better range of motion and reduced risk of complications.

New intermediate nail and RC Lag Screw expand Gamma4 portfolio to meet the needs of surgeons and their patients

• In January 2024, Stryker, one of the world’s leading medical technologies companies, has expanded its Gamma4 Hip Fracture Nailing System, with the addition of an intermediate nail, the RC Lag Screw, and an anti-rotation clip with sleeve components. Since its launch in August of 2022, the Gamma4 System has been used in over 19,000 cases across more than 850 facilities, solidifying its position as a leading choice in orthopaedic procedures

Key Takeaways from the Report

• In 2024, North America dominated the market with largest market share of 31.30%. Market is driven by aging population, increasing incidences of shoulder-related disorders such as osteoarthritis, rotator cuff injuries, and fractures
• In 2024, based on the Procedure Type, the Reverse Total Shoulder Replacement category accounted largest share in market. The segment involves swapping the positions of the prosthetic humeral and glenoid components in the shoulder joint
• Based on the End User, the Hospitals category accounted for significant market share of 38.40% in 2024. The segment growth is driven by Technological advancements in the hospital settings and presence of skilled surgeons

Top Companies

• Smith & Nephew
• DePuy Synthes
• Stryker Corporation
• Johnson & Johnson
• Zimmer Biomet
• B.Braun Melsungen
• Integra Lifesciences
• Arthrex
• Lima
• Wright Medical Group
• Exactech

Report Coverage

Our market research reports provide comprehensive insights that are essential for strategic decision-making. We cover all key aspects of the market, including dynamics such as drivers, restraints, opportunities, and challenges, alongside the latest industry trends. Our analysis includes an in-depth technology roadmap, product life cycle evaluation, and PESTLE analysis, ensuring a thorough understanding of the market environment. We also assess GDP growth outlooks, examine regional market landscapes, and evaluate the impact of major events like the COVID-19 pandemic. Additionally, our reports feature a detailed competitive landscape, including company market shares and profiles, providing actionable intelligence to empower your business strategies.

Latest News

Stryker gets medical equipment to regions in need with Project C.U.R.E. partnership

• In February 2024, Since 2007, Stryker has been collaborating with Project C.U.R.E., the world’s largest distributor of donated medical equipment and supplies, to support under-resourced countries. Project C.U.R.E. works to provide essential healthcare resources to hospitals and clinics in more than 135 countries. Stryker is dedicated to partnering with organizations like Project C.U.R.E. to expand access to healthcare and advanced healthcare technology on a global scale

About Vantage Market Research:

We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans across 70% of Global Fortune 500 companies. The company provides high quality data and market research services. The company serves various enterprises and clients in a wide variety of industries. The company offers detailed reports on multiple industries including Chemical Materials and Energy, Food and Beverages, Healthcare Technology, etc. The company’s experienced team of Analysts, Researchers, and Consultants use proprietary data sources and numerous statistical tools and techniques to gather and analyse information.