Shoulder Replacement Market to Perceive Substantial Growth by the End 2027
Posted by Rohini Chaudhari on February 10th, 2020
Growing indications of total shoulder arthroplasty in worldwide patient populations and their bettering post-operative outcomes especially in those with shoulder arthritis have been contributing to the growth prospects of the shoulder replacement market. Healthcare proponents have benefitted from the advent of modular implant system particularly that help restore preoperative activity in traumatic injuries.
Makers Focus on Fracture-specific Modular Implant Designs
Patients have benefitted from the introduction of fracture-specific designs in implants especially in case of hemiarthroplasty for complex proximal humerus fractures. Such advances in implants used have allowed manufacturers huge scope for consolidating their foothold in the shoulder replacement market. To facilitate their product development initiatives, they are spending sizably in detailed anatomic studies with the objective of developing techniques and implants for improving motion and function in patients post-surgery. In recent years, inset glenoid implants for arthritis have risen in clinical popularity and efforts are ongoing to improve the long-term outcomes.
Planning To Lay Down Future Strategy? Request Brochure Of Shoulder Replacement Market
Some of the key medical device companies looking for high stakes in the shoulder replacement market are Wright Medical Group, Inc., Zimmer Biomet, Stryker Corporation, DePuy Synthes Companies, and DJO Global.
Growing Patients for Reverse Shoulder Arthroplasty add Sizable Revenues
Improving outcome of revision surgery is one of the key trends underpinning the expanding potential in the shoulder replacement market. The market reaps marked revenue gains from the growing popularity of reverse shoulder arthroplasty (RSA), especially in patients who need rotator cuff tear arthroplasty. The demographic has changed and shifted to include younger patients. New revenue streams have come to the fore for manufacturers from expanding indications of RSA. Overall, the prospects in the market are large. The numbers don’t lie: a report by TMR projects the global shoulder replacement market to clock of more than 7% from 2019 to 2027. The market stood at US bn in 2018.
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About the AuthorRohini Chaudhari
Joined: June 12th, 2019
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