A recent report published by Infinium Global Research on shoulder replacement market provides an in-depth analysis of segments and sub-segments in the global as well as regional shoulder replacement market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional shoulder replacement market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global shoulder replacement market. According to the report, the global shoulder replacement market is projected to grow at a healthy CAGR over the forecast period of 2019-2025.
Shoulder replacement is a medical process that includes replacement of damaged bones of the shoulder joints with artificial joint implants. The global shoulder replacement market is estimated to grow at a healthy CAGR during the period of forecast. The shoulder replacement market is the third largest market in the joint reconstruction market, which is majorly driven by the geriatric population.
The increasing frequency in the rate of arthritis and the growing number of the arthritis population is the major factor driving the growth of the shoulder replacement market across the globe. According to the Arthritis Foundation, almost 300,000 babies and children are suffering from arthritis disability. Therefore, an increase in the number of surgeries due to advancement in technology drives the growth of the market. Also, increasing medical infrastructure and medical facilities are some other factors that help in the growth of the shoulder replacement market. However, the higher cost of the research and development, and the risk of implant failure and increased chances of infection are the key restraints for the total shoulder replacement market. Moreover, the rise in adoption of total shoulder replacement by patients suffering from symptomatic shoulder arthritis, and emerging economies such as China, India, and others, will create new opportunities for the total shoulder replacement market.
The report on the global shoulder replacement market provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and the Rest of the World. Among all, North America is leading the total shoulder replacement market owing to an increase in proximal humerus fracture cases. Moreover, technological advancement and high medical reimbursement facilities also drive the shoulder replacement market in the North America region. Moreover, Asia- Pacific is anticipated to have the fastest growth in the forecast period due to the rapidly growing population, favorable government policies. Furthermore, increasing the medical tourism industry in countries like India and China also drives the market in this region.
The report on global shoulder replacement market covers segments such as type, application, and end user. On the basis of type, the sub-markets include anatomic total shoulder replacements, and reverse total shoulder replacements. On the basis of application, the sub-markets include proximal humerus fracture, primary osteoarthritis, avascular necrosis, and shoulder arthritis. On the basis of end user, the sub-markets include hospitals, and ambulatory surgical centers.
The report provides profiles of the companies in the market such as DePuy Synthes, Zimmer Biomet, Stryker Corporation, Integra LifeSciences, Wright Medical Group N.V., Tornier N.V., Arthrex, Inc., Limacorporate spa, and Johnson and Johnson.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of shoulder replacement market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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