Reverse Shoulder Arthroplasty Market - Forecast(2024 - 2030)
Reverse Shoulder Arthroplasty Market Overview
Reverse Shoulder Arthroplasty Market size is estimated to be approximately $1.9 billion in 2021 and is poised to grow at a CAGR of 6.9% during the forecast period 2022-2027. Reverse Shoulder Arthroplasty is a kind of shoulder arthroplasty that makes use of a convex glenoid hemispheric ball and a concave humerus articulating cup for reconstructing the glenohumeral joint. Some of the most common reasons for undergoing Reverse Shoulder Arthroplasty include arthritis of the shoulder joint surface and torn or damaged rotator cuff tendon (pseudoparalysis). Inspection for the prominence of the humeral head anteriorly (anterosuperior escape) with an elevation of the arm and monitoring the range of motion of the arm are some of the key physical exams conducted by the physician to determine if a patient requires Reverse Shoulder Arthroplasty. The rapid rise in the research and development activities in the field of reverse shoulder arthroplasty is a key factor driving the growth of the industry during the forecast period 2022-2027.
Reverse
Shoulder Arthroplasty Market Report Coverage
The report: “Reverse Shoulder Arthroplasty Market Forecast (2022-2027)”, by Industry ARC, covers an
in-depth analysis of the following segments of the Reverse
Shoulder Arthroplasty Market.
Key Takeaways
- North America dominated the Reverse Shoulder Arthroplasty Market in the year 2021. The presence of a highly developed healthcare infrastructure and favorable reimbursement policies for Reverse Shoulder Arthroplasty procedures in the region are some of the major factors contributing to the growth of the segment.
- Rapid growth in the global geriatric population is anticipated to drive the market during the forecast period as the risk of arthritis and tendon damage significantly increases with age.
- Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Reverse Shoulder Arthroplasty Market report.
- However, post-surgery complications are a major factor that is projected to hamper the market growth of the Reverse Shoulder Arthroplasty Industry.
Reverse Shoulder Arthroplasty Market Revenue Share, By Geography, 2021 (%)
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Reverse Shoulder Arthroplasty Market Segment Analysis – By Procedure Type
Based on Product Type, the Reverse Shoulder Arthroplasty Market can be segmented into Total Shoulder Arthroplasty, and
Ream & Run Arthroplasty. The Total Shoulder Arthroplasty
segment accounted for the largest share of the market in 2021 and
is poised to grow at a CAGR of 6.2% during the forecast period 2022-2027. Total
Shoulder Arthroplasty
involves the removal of several portions of the shoulder joint. The removed
portions are then replaced with artificial implants to reduce pain and restore the range of rotation and mobility. The rapid growth of the segment can be
attributed to the high success rate of the procedure. According to the Hospital
for Special Surgery, 95% of patients have pain-free functioning of their
shoulder one year after surgery. The Ream & Run Arthroplasty
segment is also anticipated to witness robust growth during the forecast period
2022-2027 owing to the increasing prevalence of shoulder injuries among younger
patients.
Reverse Shoulder Arthroplasty Market Segment Analysis – By Application
Based on Application, the Reverse Shoulder Arthroplasty Market can be further segmented into Post-Fracture Shoulder
Reconstruction, Total Joint Replacement, and Others. The Post-Fracture Shoulder
Reconstruction segment accounted for the largest share of the Reverse Shoulder Arthroplasty Market in 2021 and is projected to grow at a CAGR of 5.9%
during the forecast period 2022-2027. This can be attributed to the fact that
shoulder fractures are among the most common breaks of the
human skeleton. Reverse shoulder arthroplasty is a procedure that is commonly
used for the treatment of complex proximal humerus fractures owing to their
lower dependency on tuberosity healing. However, the Total Joint Replacement segment
is anticipated to witness the fastest growth during the forecast period 2022-2027
owing to the growing prevalence of arthritis among the population.
Reverse Shoulder Arthroplasty Market Segment Analysis – By Geography
North
America dominated the geography segment of the Reverse Shoulder Arthroplasty Market
in 2021 with a
share of approximately 35%. The rapid growth of the segment can be attributed
to the presence of a highly developed healthcare sector in the U.S. and Canada. In
addition, the favorable reimbursement policies present in North America also
play a crucial role in market growth as it significantly reduces the out-of-pocket
expense for the patients who undergo the procedure, thereby making them more
affordable. For instance, according to the Congressional Research Service, approximately
298 million people, or 91.4% of the U.S. population had health insurance coverage
in 2020.
The Asia Pacific region is anticipated to register the fastest growth during the forecast period 2022-2027 owing to the growth in healthcare infrastructure development projects in emerging economies such as China and India. The development of healthcare infrastructure will provide more public and private healthcare facilities with the tools and expertise necessary for performing Reverse Shoulder Arthroplasty procedures.
Reverse Shoulder Arthroplasty Market Drivers
Growing global geriatric population is driving the market growth
The rapid rise in the global geriatric
population is a key factor driving the market for Reverse Shoulder Arthroplasty
as geriatrics are more susceptible to conditions such as arthritis and rotor
cuff tendon tears. According to the World
Health Organization (WHO), the number of people over the age of 60 is
anticipated to increase from 1 billion in 2020 to nearly 1.4 billion. By 2050,
the world’s population of people aged 60 years and older will double to 2.1
billion. The typical age group of patients who undergo shoulder replacement
procedures is 60 to 80 years old.
Rapid growth in research and development activities in the field is poised to increase the growth of the market
Rapid growth in research and
development activities by key players in the market is resulting in launches of
more effective reverse shoulder arthroplasty equipment, thereby contributing to
the growth of the market. For instance, the US Food and Drug Administration
(FDA) granted clearance to DePuy Synthes’ new total shoulder replacement implant.
The new product will allow surgeons to switch between the anatomical or reverse
method as needed during a procedure, thereby providing more flexibility to the
medical professionals. According to the company, 70% of all total shoulder
replacements in the U.S. in 2020 were reverse shoulder procedures.
Reverse Shoulder Arthroplasty Market Challenges
Adverse effects associated with the procedure are likely to challenge the market growth
The numerous risks and side effects associated with Reverse Shoulder
Arthroplasty are projected to challenge market growth during the forecast
period. Some of the most common complications include neurologic injury,
periprosthetic fracture, hematoma, infection, scapular notching, dislocation,
mechanical baseplate failure, and acromial fracture. Besides, it is estimated
that at least 21% of patients who undergo the procedure are unable to return to
performing athletic activities such as swimming or climbing after recovery.
Such factors can discourage patients from undergoing the procedure, thereby
challenging growth.
Reverse Shoulder Arthroplasty Industry Outlook
Product launches, mergers and
acquisitions, joint ventures, and R&D activities are key strategies adopted
by players in the Reverse Shoulder Arthroplasty Market. In 2021, the Reverse Shoulder
Arthroplasty Market share is fragmented by the top ten players present in the
market. The Reverse Shoulder Arthroplasty Market, the top 10 companies are:
- DePuy Synthes
- Wright Medical Group Inc.
- Zimmer Biomet
- Smith and Nephew
- DJO Global Inc.
- Exactech Inc.
- Arthrex
- Evolutis India Pvt. Ltd.
- FH Orthopedics S.A.S.
- Integra Lifesciences
Recent Developments:
- In February
2022, Stryker officially introduced the Tornier shoulder
arthroplasty portfolio to the European market. The new Tornier Perform Humeral
Stem offers clinical solutions across a spectrum of simple to complex shoulder
arthroplasty cases. It is intended for use in anatomic, reverse and
hemiarthroplasty of the shoulder.
- In August 2021, DePuy Synthes announced plans to launch the Inhance shoulder system. According to the company, the new system is a fully integrated shoulder arthroplasty system.
- In August 2021, Shoulder Innovations Inc announced that they have received FDA clearance for their InSet Reverse Shoulder Arthroplasty System. The InSet Reverse Shoulder system seamlessly integrates and rounds out a best-in-class product line for shoulder arthroplasty.
Relevant Titles:
LIST OF TABLES
1.Global Reverse Shoulder Arthroplasty Market, By Product Market 2023-2030 ($M)1.1 Total Shoulder Arthroplasty Market 2023-2030 ($M) - Global Industry Research
1.2 Ream Run Market 2023-2030 ($M) - Global Industry Research
2.Global Reverse Shoulder Arthroplasty Market, By Product Market 2023-2030 (Volume/Units)
2.1 Total Shoulder Arthroplasty Market 2023-2030 (Volume/Units) - Global Industry Research
2.2 Ream Run Market 2023-2030 (Volume/Units) - Global Industry Research
3.North America Reverse Shoulder Arthroplasty Market, By Product Market 2023-2030 ($M)
3.1 Total Shoulder Arthroplasty Market 2023-2030 ($M) - Regional Industry Research
3.2 Ream Run Market 2023-2030 ($M) - Regional Industry Research
4.South America Reverse Shoulder Arthroplasty Market, By Product Market 2023-2030 ($M)
4.1 Total Shoulder Arthroplasty Market 2023-2030 ($M) - Regional Industry Research
4.2 Ream Run Market 2023-2030 ($M) - Regional Industry Research
5.Europe Reverse Shoulder Arthroplasty Market, By Product Market 2023-2030 ($M)
5.1 Total Shoulder Arthroplasty Market 2023-2030 ($M) - Regional Industry Research
5.2 Ream Run Market 2023-2030 ($M) - Regional Industry Research
6.APAC Reverse Shoulder Arthroplasty Market, By Product Market 2023-2030 ($M)
6.1 Total Shoulder Arthroplasty Market 2023-2030 ($M) - Regional Industry Research
6.2 Ream Run Market 2023-2030 ($M) - Regional Industry Research
7.MENA Reverse Shoulder Arthroplasty Market, By Product Market 2023-2030 ($M)
7.1 Total Shoulder Arthroplasty Market 2023-2030 ($M) - Regional Industry Research
7.2 Ream Run Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Reverse Shoulder Arthroplasty Market Revenue, 2023-2030 ($M)2.Canada Reverse Shoulder Arthroplasty Market Revenue, 2023-2030 ($M)
3.Mexico Reverse Shoulder Arthroplasty Market Revenue, 2023-2030 ($M)
4.Brazil Reverse Shoulder Arthroplasty Market Revenue, 2023-2030 ($M)
5.Argentina Reverse Shoulder Arthroplasty Market Revenue, 2023-2030 ($M)
6.Peru Reverse Shoulder Arthroplasty Market Revenue, 2023-2030 ($M)
7.Colombia Reverse Shoulder Arthroplasty Market Revenue, 2023-2030 ($M)
8.Chile Reverse Shoulder Arthroplasty Market Revenue, 2023-2030 ($M)
9.Rest of South America Reverse Shoulder Arthroplasty Market Revenue, 2023-2030 ($M)
10.UK Reverse Shoulder Arthroplasty Market Revenue, 2023-2030 ($M)
11.Germany Reverse Shoulder Arthroplasty Market Revenue, 2023-2030 ($M)
12.France Reverse Shoulder Arthroplasty Market Revenue, 2023-2030 ($M)
13.Italy Reverse Shoulder Arthroplasty Market Revenue, 2023-2030 ($M)
14.Spain Reverse Shoulder Arthroplasty Market Revenue, 2023-2030 ($M)
15.Rest of Europe Reverse Shoulder Arthroplasty Market Revenue, 2023-2030 ($M)
16.China Reverse Shoulder Arthroplasty Market Revenue, 2023-2030 ($M)
17.India Reverse Shoulder Arthroplasty Market Revenue, 2023-2030 ($M)
18.Japan Reverse Shoulder Arthroplasty Market Revenue, 2023-2030 ($M)
19.South Korea Reverse Shoulder Arthroplasty Market Revenue, 2023-2030 ($M)
20.South Africa Reverse Shoulder Arthroplasty Market Revenue, 2023-2030 ($M)
21.North America Reverse Shoulder Arthroplasty By Application
22.South America Reverse Shoulder Arthroplasty By Application
23.Europe Reverse Shoulder Arthroplasty By Application
24.APAC Reverse Shoulder Arthroplasty By Application
25.MENA Reverse Shoulder Arthroplasty By Application
26.Depuy Synthes, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Wright Medical Group Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Zimmer Biomet, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Smith And Nephew, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Djo Global Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Arthrex, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Exactech Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Evolutis India Pvt Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Fh Orthopedics S A S, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Integra Lifesciences, Sales /Revenue, 2015-2018 ($Mn/$Bn)