Shoulder Replacement Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Shoulder Replacement Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)


The global shoulder replacement market is on a trajectory of substantial growth during the forecast period from 2024 to 2031.

Anatomical Shoulder Prosthesis Takes the Lead

In the global shoulder replacement market categorized by implant type, there are two segments: anatomical shoulder prosthesis and reverse shoulder prosthesis. The anatomical shoulder prosthesis segment is expected to exhibit robust growth, with a steady Compound Annual Growth Rate (CAGR) projected throughout the forecast period.

The anatomical shoulder prosthesis segment currently holds a dominant position in the global market, with a substantial market value recorded in 2024. It is estimated to further increase in value by the end of 2031, maintaining a significant market share. This dominance positions the anatomical shoulder prosthesis segment as the leading category in the global shoulder replacement market by implant type.

North America Emerges as a Lucrative Region

In terms of implant type, North America is expected to exhibit significant profitability within the global shoulder replacement market. The anatomical shoulder prosthesis segment is predicted to maintain its dominant position in the North American shoulder replacement market, showing strong growth during the forecast period. This growth presents a substantial opportunity for value increase between 2024 and 2031.

Meanwhile, the reverse shoulder prosthesis segment in the implant type category also demonstrates competitive growth, albeit with a market share by revenue that is approximately half that of the anatomical shoulder prosthesis segment. The anatomical shoulder prosthesis segment is particularly appealing in the North American region, as evidenced by a favorable market attractiveness index.

Driving Factors in the Shoulder Replacement Market

Several factors are contributing to the growth of the global shoulder replacement market, including advancements in technology leading to an increase in surgical procedures, the success of reverse total shoulder arthroplasty for rotator cuff arthropathy, expanding medical infrastructure, and shifting preferences towards higher-quality products.

International collaborations, a rise in medical tourism, a focus on cost-efficiency, utilization of robotics in surgeries, and the exchange of knowledge through alliance formations are also impacting the market positively.

Asia Pacific: An Opportunistic Region

Following North America, Asia Pacific (APAC) is emerging as an opportunistic region for the shoulder prosthesis market by implant type. The anatomical shoulder prosthesis segment is expected to witness robust growth in this region throughout the forecast period.

The APAC region exhibits a favorable environment for medical device manufacturers, and the healthcare spending in this region is on the rise. The increasing life expectancy and disposable income in APAC have turned it into an attractive hub for various industries, particularly healthcare. Additionally, the region's growing medical tourism, government regulations, and cost advantages are making it an attractive global destination for shoulder replacement procedures.

Market Segmentation
• Implant Type
• Anatomical Shoulder Prosthesis
• Reverse Shoulder Prosthesis

End User
• Hospitals
• Ambulatory Surgical Centers
• Orthopedic Clinics

Region
• North America
• Latin America
• Europe
• Asia Pacific (APAC)
• Middle East and Africa (MEA)

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1. Executive Summary
1.1. Global Shoulder Replacement Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global Shoulder Replacement Market Outlook, 2018 – 2031
3.1. Global Shoulder Replacement Market Outlook, by Implant Type, Value (US$ Bn), 2018 – 2031
3.1.1. Key Highlights
3.1.1.1. Anatomical Shoulder Prosthesis
3.1.1.2. Reverse Shoulder Prosthesis
3.2. Global Shoulder Replacement Market Outlook, by End User, Value (US$ Bn), 2018 – 2031
3.2.1. Key Highlights
3.2.1.1. Hospitals
3.2.1.2. Ambulatory Surgical Centers
3.2.1.3. Orthopedic Clinics
3.3. Global Shoulder Replacement Market Outlook, by Region, Value (US$ Bn), 2018 – 2031
3.3.1. Key Highlights
3.3.1.1. North America
3.3.1.2. Europe
3.3.1.3. Asia Pacific
3.3.1.4. Latin America
3.3.1.5. Middle East & Africa
4. North America Shoulder Replacement Market Outlook, 2018 – 2031
4.1. North America Shoulder Replacement Market Outlook, by Implant Type, Value (US$ Bn), 2018 – 2031
4.1.1. Key Highlights
4.1.1.1. Anatomical Shoulder Prosthesis
4.1.1.2. Reverse Shoulder Prosthesis
4.2. North America Shoulder Replacement Market Outlook, by End User, Value (US$ Bn), 2018 – 2031
4.2.1. Key Highlights
4.2.1.1. Hospitals
4.2.1.2. Ambulatory Surgical Centers
4.2.1.3. Orthopedic Clinics
4.3. North America Shoulder Replacement Market Outlook, by Country, Value (US$ Bn), 2018 – 2031
4.3.1. Key Highlights
4.3.1.1. U.S. Shoulder Replacement Market by Implant Type, Value (US$ Bn), 2018 – 2031
4.3.1.2. U.S. Shoulder Replacement Market by End User, Value (US$ Bn), 2018 – 2031
4.3.1.3. Canada Shoulder Replacement Market by Implant Type, Value (US$ Bn), 2018 – 2031
4.3.1.4. Canada Shoulder Replacement Market by End User, Value (US$ Bn), 2018 – 2031
4.3.2. BPS Analysis/Market Attractiveness Analysis
5. Europe Shoulder Replacement Market Outlook, 2018 – 2031
5.1. Europe Shoulder Replacement Market Outlook, by Implant Type, Value (US$ Bn), 2018 – 2031
5.1.1. Key Highlights
5.1.1.1. Anatomical Shoulder Prosthesis
5.1.1.2. Reverse Shoulder Prosthesis
5.2. Europe Shoulder Replacement Market Outlook, by End User, Value (US$ Bn), 2018 – 2031
5.2.1. Key Highlights
5.2.1.1. Hospitals
5.2.1.2. Ambulatory Surgical Centers
5.2.1.3. Orthopedic Clinics
5.3. Europe Shoulder Replacement Market Outlook, by Country, Value (US$ Bn), 2018 – 2031
5.3.1. Key Highlights
5.3.1.1. Germany Shoulder Replacement Market by Implant Type, Value (US$ Bn), 2018 – 2031
5.3.1.2. Germany Shoulder Replacement Market by End User, Value (US$ Bn), 2018 – 2031
5.3.1.3. U.K. Shoulder Replacement Market by Implant Type, Value (US$ Bn), 2018 – 2031
5.3.1.4. U.K. Shoulder Replacement Market by End User, Value (US$ Bn), 2018 – 2031
5.3.1.5. France Shoulder Replacement Market by Implant Type, Value (US$ Bn), 2018 – 2031
5.3.1.6. France Shoulder Replacement Market by End User, Value (US$ Bn), 2018 – 2031
5.3.1.7. Italy Shoulder Replacement Market by Implant Type, Value (US$ Bn), 2018 – 2031
5.3.1.8. Italy Shoulder Replacement Market by End User, Value (US$ Bn), 2018 – 2031
5.3.1.9. Turkey Shoulder Replacement Market by Implant Type, Value (US$ Bn), 2018 – 2031
5.3.1.10. Turkey Shoulder Replacement Market by End User, Value (US$ Bn), 2018 – 2031
5.3.1.11. Russia Shoulder Replacement Market by Implant Type, Value (US$ Bn), 2018 – 2031
5.3.1.12. Russia Shoulder Replacement Market by End User, Value (US$ Bn), 2018 – 2031
5.3.1.13. Rest of Europe Shoulder Replacement Market by Implant Type, Value (US$ Bn), 2018 – 2031
5.3.1.14. Rest of Europe Shoulder Replacement Market by End User, Value (US$ Bn), 2018 – 2031
5.3.2. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Shoulder Replacement Market Outlook, 2018 – 2031
6.1. Asia Pacific Shoulder Replacement Market Outlook, by Implant Type, Value (US$ Bn), 2018 – 2031
6.1.1. Key Highlights
6.1.1.1. Anatomical Shoulder Prosthesis
6.1.1.2. Reverse Shoulder Prosthesis
6.2. Asia Pacific Shoulder Replacement Market Outlook, by End User, Value (US$ Bn), 2018 – 2031
6.2.1. Key Highlights
6.2.1.1. Hospitals
6.2.1.2. Ambulatory Surgical Centers
6.2.1.3. Orthopedic Clinics
6.3. Asia Pacific Shoulder Replacement Market Outlook, by Country, Value (US$ Bn), 2018 – 2031
6.3.1. Key Highlights
6.3.1.1. China Shoulder Replacement Market by Implant Type, Value (US$ Bn), 2018 – 2031
6.3.1.2. China Shoulder Replacement Market by End User, Value (US$ Bn), 2018 – 2031
6.3.1.3. Japan Shoulder Replacement Market by Implant Type, Value (US$ Bn), 2018 – 2031
6.3.1.4. Japan Shoulder Replacement Market by End User, Value (US$ Bn), 2018 – 2031
6.3.1.5. South Korea Shoulder Replacement Market by Implant Type, Value (US$ Bn), 2018 – 2031
6.3.1.6. South Korea Shoulder Replacement Market by End User, Value (US$ Bn), 2018 – 2031
6.3.1.7. India Shoulder Replacement Market by Implant Type, Value (US$ Bn), 2018 – 2031
6.3.1.8. India Shoulder Replacement Market by End User, Value (US$ Bn), 2018 – 2031
6.3.1.9. Southeast Asia Shoulder Replacement Market by Implant Type, Value (US$ Bn), 2018 – 2031
6.3.1.10. Southeast Asia Shoulder Replacement Market by End User, Value (US$ Bn), 2018 – 2031
6.3.1.11. Rest of Asia Pacific Shoulder Replacement Market by Implant Type, Value (US$ Bn), 2018 – 2031
6.3.1.12. Rest of Asia Pacific Shoulder Replacement Market by End User, Value (US$ Bn), 2018 – 2031
6.3.2. BPS Analysis/Market Attractiveness Analysis
7. Latin America Shoulder Replacement Market Outlook, 2018 – 2031
7.1. Latin America Shoulder Replacement Market Outlook, by Implant Type, Value (US$ Bn), 2018 – 2031
7.1.1. Key Highlights
7.1.1.1. Anatomical Shoulder Prosthesis
7.1.1.2. Reverse Shoulder Prosthesis
7.2. Latin America Shoulder Replacement Market Outlook, by End User, Value (US$ Bn), 2018 – 2031
7.2.1. Key Highlights
7.2.1.1. Hospitals
7.2.1.2. Ambulatory Surgical Centers
7.2.1.3. Orthopedic Clinics
7.3. Latin America Shoulder Replacement Market Outlook, by Country, Value (US$ Bn), 2018 – 2031
7.3.1. Key Highlights
7.3.1.1. Brazil Shoulder Replacement Market by Implant Type, Value (US$ Bn), 2018 – 2031
7.3.1.2. Brazil Shoulder Replacement Market by End User, Value (US$ Bn), 2018 – 2031
7.3.1.3. Mexico Shoulder Replacement Market by Implant Type, Value (US$ Bn), 2018 – 2031
7.3.1.4. Mexico Shoulder Replacement Market by End User, Value (US$ Bn), 2018 – 2031
7.3.1.5. Argentina Shoulder Replacement Market by Implant Type, Value (US$ Bn), 2018 – 2031
7.3.1.6. Argentina Shoulder Replacement Market by End User, Value (US$ Bn), 2018 – 2031
7.3.1.7. Rest of Latin America Shoulder Replacement Market by Implant Type, Value (US$ Bn), 2018 – 2031
7.3.1.8. Rest of Latin America Shoulder Replacement Market by End User, Value (US$ Bn), 2018 – 2031
7.3.2. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Shoulder Replacement Market Outlook, 2018 – 2031
8.1. Middle East & Africa Shoulder Replacement Market Outlook, by Implant Type, Value (US$ Bn), 2018 – 2031
8.1.1. Key Highlights
8.1.1.1. Anatomical Shoulder Prosthesis
8.1.1.2. Reverse Shoulder Prosthesis
8.2. Middle East & Africa Shoulder Replacement Market Outlook, by End User, Value (US$ Bn), 2018 – 2031
8.2.1. Key Highlights
8.2.1.1. Hospitals
8.2.1.2. Ambulatory Surgical Centers
8.2.1.3. Orthopedic Clinics
8.3. Middle East & Africa Shoulder Replacement Market Outlook, by Country, Value (US$ Bn), 2018 – 2031
8.3.1. Key Highlights
8.3.1.1. GCC Shoulder Replacement Market by Implant Type, Value (US$ Bn), 2018 – 2031
8.3.1.2. GCC Shoulder Replacement Market by End User, Value (US$ Bn), 2018 – 2031
8.3.1.3. South Africa Shoulder Replacement Market by Implant Type, Value (US$ Bn), 2018 – 2031
8.3.1.4. South Africa Shoulder Replacement Market by End User, Value (US$ Bn), 2018 – 2031
8.3.1.5. Egypt Shoulder Replacement Market by Implant Type, Value (US$ Bn), 2018 – 2031
8.3.1.6. Egypt Shoulder Replacement Market by End User, Value (US$ Bn), 2018 – 2031
8.3.1.7. Nigeria Shoulder Replacement Market by Implant Type, Value (US$ Bn), 2018 – 2031
8.3.1.8. Nigeria Shoulder Replacement Market by End User, Value (US$ Bn), 2018 – 2031
8.3.1.9. Nigeria Shoulder Replacement Market End User, Value (US$ Bn), 2018 – 2031
8.3.1.10. Rest of Middle East & Africa Shoulder Replacement Market by Implant Type, Value (US$ Bn), 2018 – 2031
8.3.1.11. Rest of Middle East & Africa Shoulder Replacement Market by End User, Value (US$ Bn), 2018 – 2031
8.3.2. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. Implant Type vs End User Heatmap
9.2. Manufacturer vs End User Heatmap
9.3. Company Market Share Analysis, 2023
9.4. Competitive Dashboard
9.5. Company Profiles
9.5.1. DePuy Synthes
9.5.1.1. Company Overview
9.5.1.2. Implant Type Portfolio
9.5.1.3. Financial Overview
9.5.1.4. Business Strategies and Development
9.5.2. DJO Surgical
9.5.2.1. Company Overview
9.5.2.2. Implant Type Portfolio
9.5.2.3. Financial Overview
9.5.2.4. Business Strategies and Development
9.5.3. Integra LifeSciences
9.5.3.1. Company Overview
9.5.3.2. Implant Type Portfolio
9.5.3.3. Financial Overview
9.5.3.4. Business Strategies and Development
9.5.4. Smith & Nephew
9.5.4.1. Company Overview
9.5.4.2. Implant Type Portfolio
9.5.4.3. Financial Overview
9.5.4.4. Business Strategies and Development
9.5.5. Stryker Corporation
9.5.5.1. Company Overview
9.5.5.2. Implant Type Portfolio
9.5.5.3. Financial Overview
9.5.5.4. Business Strategies and Development
9.5.6. Zimmer Biomet
9.5.6.1. Company Overview
9.5.6.2. Implant Type Portfolio
9.5.6.3. Financial Overview
9.5.6.4. Business Strategies and Development
9.5.7. Arthrex Inc
9.5.7.1. Company Overview
9.5.7.2. Implant Type Portfolio
9.5.7.3. Financial Overview
9.5.7.4. Business Strategies and Development
9.5.8. Lima Corporate
9.5.8.1. Company Overview
9.5.8.2. Implant Type Portfolio
9.5.8.3. Financial Overview
9.5.8.4. Business Strategies and Development
9.5.9. Wright Medical Group
9.5.9.1. Company Overview
9.5.9.2. Implant Type Portfolio
9.5.9.3. Financial Overview
9.5.9.4. Business Strategies and Development
9.5.10. Exactech and Tornier, Inc.
9.5.10.1. Company Overview
9.5.10.2. Implant Type Portfolio
9.5.10.3. Financial Overview
9.5.10.4. Business Strategies and Development
9.5.11. B. Braun Melsungen AG
9.5.11.1. Company Overview
9.5.11.2. Implant Type Portfolio
9.5.11.3. Financial Overview
9.5.11.4. Business Strategies and Development
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations

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