Shoulder Replacement Market Will Climb the Growth Stairs with an Estimated CAGR

Posted by Sachin Darakhe on September 23rd, 2019

The healthcare industry has been, and will persist under the influence of transmutation, as technological evolution has spawned and accelerated its pace. Shoulder replacement market is one such development brought in, as the patient pool of the day prefers staying abreast with surgical treatments and has moved past medicines that have a propensity to be palliative rather than curative. As surgical procedures acclimatize to this shift, advancements in shoulder replacement surgeries become imperative.

With a cohort of macroeconomic factors such as growing geriatric population, microeconomic factors such as rising number of surgeries, and trends favoring reverse shoulder replacement surgeries, Transparency Market Research (TMR) senses enormous growth potential in the market. In its recent study, TMR beings to the fore critical parameters that lay their influences on the shoulder replacement market over the course of the forecast period of 2019-2027.

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• Safer and Reliable Implants: The Future of the Shoulder Replacement Market

Since the first shoulder replacement surgery performed in the 1950s, in North America, it maintained its status quo as an effective procedure in aiding consumers to overcome their shoulder-related challenges. According to our report, the shoulder replacement market value exceled US$ 2,000 Mn in 2018, and projections point toward its continuing dictate bullish prospects for the future.

The shoulder replacement market has been witnessing steady growth, and is likely to scale up by nearly 2X by 2027. The market will remain under the currents of innovations, as advanced surgical procedures make headway toward achieving 'reduced pain' and 'decreased recovery time', which completes the quest of patients leading demanding lifestyles. Advanced surgeries such as reverse shoulder replacement procedures are increasingly gaining traction among patients suffering from torn rotator cuffs, glenohumeral arthritis, and tumors in the proximal humerus in the shoulders, which is likely to set the tone for the future.

TMR finds that, the edge that shoulder replacement surgery has will serve as a leap for yet another innovative procedure, and steadily, the market will climb the growth stairs with an estimated CAGR of over 7% during the period of 2019-2027.