Shoulder Replacement Market: Players Need to Tread Cautiously in Cost-Sensitive Markets
The authors of the report maintain a bullish stance on the future of the shoulder replacement market, with a cohort of drivers dictating its growth. The shifting paradox of clinics from anatomic to reverse shoulder surgeries as a panacea to degenerative joint disorders is likely to favor the market. Manufacturers who invest in the development of advanced and customized prosthesis will continue to appeal to the end users and drive impressive sales opportunities. Governments will also play their parts in helping surgeons expand their skill sets, and, in turn, increase the number of expert surgeons. The growing confidence of consumers in advanced surgeries, such as reverse shoulder surgeries, has been encouraging manufacturers to invest in research and development activities for improving patient outcomes and reducing failure rates, while investments in emerging countries can bear fruitful results in the long run.
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Global Shoulder Replacement Market: Overview
- The global shoulder replacement market is expected to be valued at nearly US$ 4,000 Mn by 2027.
- This report elaborates on the current scenario and future prospects of the global shoulder replacement market. Rise in the prevalence of shoulder arthritis, proximal humerus fractures, and increase in the geriatric population across the globe are the major drivers of the global shoulder replacement market.
- The global shoulder replacement market report provides an elaborate executive summary, which comprises a glimpse of the various segments of the shoulder replacement market. The report also provides elaborative information and data analysis of the global shoulder replacement market with regard to segments based on procedure, end user, and region.
- The overview section of the global shoulder replacement market provides a detailed qualitative analysis of the drivers and restraints impacting the market, along with the growth opportunities in the shoulder replacement market.
- Additionally, the shoulder replacement market report provides elaborative company profiles and competitive matrix, which give brief data about their business, product portfolio, and competitive landscape in the shoulder replacement market.
- The report on the shoulder replacement market gives a brief data analysis on the market attractiveness by region and the segments in the market.
- The last section of the report provides quantitative and qualitative analysis on the market share of key players operating in the shoulder replacement market. It elaborates the key competitive strategies being adopted by the major industry players, thereby presenting a thorough understanding of the competitive scenario in the global shoulder replacement market.
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Global Shoulder Replacement Market: Key Segments
- In terms of procedure, the global shoulder replacement market has been classified into total shoulder replacement, reverse shoulder replacement, partial shoulder replacement, shoulder resurfacing, and revision shoulder arthroplasty. The reverse shoulder replacement segment held a prominent share in the shoulder replacement market in 2018, and is expected to continue to do so over the forecast years.
- Based on end user, the global shoulder replacement market has been segmented into orthopedic clinics, hospitals, and ambulatory surgical centers (ASCs).
- The shoulder replacement market size and forecast for each of these segments have been provided the duration of 2017 to 2027. The CAGR of respective segments has also been provided for the forecast period of 2019 to 2027, with 2018 as the base year.
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Global Shoulder Replacement Market: Regional Outlook
- Based on geographic region, the global shoulder replacement market has been categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Each geographic region considered in the shoulder replacement market is further sub-divided into countries/sub-regions.
- The North America shoulder replacement market provides the market scenario for the U.S. and Canada. The Europe shoulder replacement market provides the market scenario for the U.K., Germany, Spain, Italy, France, and the Rest of Europe.
- The Latin America shoulder replacement market provides market scenario for Brazil, Mexico, and the Rest of Latin America. The Asia Pacific shoulder replacement market provides market scenario for China, India, Japan, Australia and New Zealand, and the Rest of Asia Pacific. The Middle East & Africa shoulder replacement market provides market scenario for GCC Countries, South Africa, and the Rest of Middle East & Africa.
- The shoulder replacement market provides market size and forecast values for each region and countries/sub-regions from 2017 to 2027. Compounded annual growth rates (CAGRs) for each of these regions and countries is also provided for the forecast period of 2019 to 2027, with 2018 as the base year. The shoulder replacement market study also covers the competitive scenario in these regions.
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Companies Mentioned in the Report
- Key players in the global shoulder replacement market are profiled based on important aspects such as company overview, product portfolio, financial overview, recent developments, and competitive business strategies,
- Major companies profiled in the shoulder replacement market are Stryker, Wright Medical Group N.V. (Tornier N.V.), Exatech Inc., Zimmer Biomet, Arthrex, Inc., DePuy Synthes (Johnson & Johnson), IntegraLifeScences Corporation, Smith & Nephew, and DJO Global.
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