MediPoint: Shoulder Replacement - North America Analysis and Market Forecasts

MediPoint: Shoulder Replacement - North America Analysis and Market Forecasts

  • May 2017 •
  • 45 pages •
  • Report ID: 5012998 •
  • Format: PDF
MediPoint: Shoulder Replacement - North America Analysis and Market Forecasts

Summary
The shoulder, or glenohumeral, joint is the most mobile joint in the body and is composed of the humerus and scapula. Shoulder motion and stability is achieved by the coordinated contraction of the deltoid and rotator cuff muscles. The shoulder is vulnerable to stress, injury, and arthritis that can cause the cartilage on the shoulder bones to wear away, resulting in pain, loss of motion, and crepitation. Arthritis is the most common cause of musculoskeletal disability around the world and a growing global health problem. It is driven by the growing aging global population and the need to accommodate an aging society wishing to maintain an active lifestyle.

North American shoulder replacement market was estimated at US$836.3M in 2016 across the three markets (Canada, Mexico, and US) covered in this report. By the end of the forecast period in 2023, it is estimated that the market will grow to approximately US$1,353.5M at a Compound Annual Growth Rate (CAGR) of 7.1%.

Key drivers of the shoulder replacement market in the forecast period are -
- The growing global aging population and rising prevalence of arthritis.
- Expanded indications for reverse shoulder replacement.
- Patient preference for an active lifestyle.
- Poor outcomes among younger patients resulting in revision arthroplasty.
- Sustained popularity of shoulder-intensive sports.
- Instability of the shoulder joint.
- Continued efforts from manufacturers to promote and educate patients and surgeons about shoulder implants.

The US represented the largest portion of the market in 2016, holding 96% of the regional revenue, and is expected to maintain this dominance through the forecast period with a CAGR of 7.2%. Canada and Mexico represent a smaller share of the market with slower growth rates of 4.0% and 5.6% respectively.

Shoulder replacement is the largest segment of the extremities replacement market and most companies focus on this specific joint in their extremities portfolio. In 2015, a strategic acquisition and merger created Zimmer Biomet and Wright Medical respectively, and these are currently two of the most comprehensive extremities platforms on the market. Other major players with robust shoulder portfolios include DePuy Synthes, Lima Corporate, and Stryker.

The report "MediPoint: Shoulder Replacement - North America Analysis and Market Forecasts" focuses on the market outlook for shoulder replacement devices in North America (Canada, Mexico, and US). The analysis identifies the key unmet needs in the shoulder replacement market, discusses the major drivers and barriers of adoption, and provides an in-depth understanding of physicians’ perceptions and the future outlook for this market by segment and geography.

In particular, this report provides the following -
- Overview of recent key industry events and analysis of their market impact.
- Annualized total market revenue, procedure trends, and market outlooks by segment and by region through 2023.
- Key topics covered include strategic competitor assessment, market characterization, identification of unmet needs, reimbursement considerations, evaluating market access in each region covered in the report, and implications of the emerging technologies in the market.
- Analysis of the current and future market competition in the global shoulder replacement market. Insightful review of industry drivers, barriers, and challenges.

Companies mentioned in this report: DePuy Synthes, Zimmer Biomet, Wright Medical, Stryker, Lima Corporate, Arthrex, Smith & Nephew, Exactech, Kyocera Medical, Mathys, DJO Surgical, Ingen Orthopedics, Integra LifeSciences.

Scope
- Overview of recent key industry events and analysis of their market impact.
- Annualized total market revenue, procedure trends, and market outlooks by segment and by region through 2023.
- Key topics covered include strategic competitor assessment, market characterization, identification of unmet needs, reimbursement considerations, evaluating market access in each region covered in the report, and implications of the emerging technologies in the market.
- Analysis of the current and future market competition in the North American shoulder replacement market. Insightful review of industry drivers, barriers, and challenges.

Reasons to buy
The report will enable you to -
- Develop and design your in-licensing and out-licensing strategies through a review of marketed products and technologies.
- Develop business strategies by understanding the trends shaping and driving the shoulder replacement market.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the shoulder replacement market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the performance of various competitors.
- Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
- Track device sales in country-specific shoulder replacement market from 2014-2023.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments and strategic partnerships.
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