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The factors fueling the demand for the shoulder replacement market are,
Rising disposable income, Cost efficiency, Upsurge in the number of surgeries owing to progress in, technology, Better medical facilities as well as medical infrastructure, Increased life expectancy, Expanding domestic reach in treatments by internationalcollaboration , Growing medical tourism sectorTransparency of data, Desirability of complete reverse shoulder Arthroplasty, Application of more robotics in surgeries to elude difficulties
However, certain factors are also likely to impede the development of the overall shoulder replacement market in the forecasted period such as,
Additional cost concerns, Late offering and returns restructuring, Poor effective surroundings , Additional import duties on healthcare makings
The market is segmented based on implant type, end user and by region. On the basis of implant type, the market is sub-segmented into reverse shoulder prosthesis and anatomical shoulder prosthesis. The anatomical shoulder prosthesis is likely to record a remarkable CAGR of 8.1% during the estimated period. The segment is estimated to be valued at US$ 2 billion throughout the forecast period.
Based on the end user, the market is sub-segmented into orthopedic clinics, hospitals and ambulatory surgical centers. The hospitals segment in the end user category is anticipated to lead the overall market to reach a market value of close to US$ 1.6 billion in the year 2025 and is expected to be evolving as the highest productive segment throughout the assessment period. The ambulatory surgical centers are the second largest to exhibit higher growth and are expected to witness a CAGR of 7.8% all through the projection period.
North America is anticipated to lead the international market by offering lucrative opportunities during the forecast period. The APAC market is expected to record a CAGR of 7.4% pertaining to valuation along with is expected to be evolving as the second highest potential segment by region type during the said period.
The overall shoulder replacement market categories tier firms currently existing in the market
Exactech, DJO Surgical, Stryker Corp., Integra LifeSciences, Smith & Nephew, Wright Medical Group, Zimmer Biomet, Lima Corporate, Arthrex Inc., DePuy Synthes
For report details go here.