The complexity of shoulder replacements makes them a particularly challenging product for device makers. However, 2022 was a year where innovative technologies allowed companies to improve patients’ lives in a multitude of ways. Utilizing our brand-new Global Orthopedic Small Bone and Joint market report, we identified what’s driving this market segment and how technology will continue to impact the global shoulder reconstruction market into 2029.
Global Shoulder Reconstruction Market Drivers
1. Increasing Innovation
Innovation is an ongoing occurrence, however, in the shoulder reconstruction market new implants are directly changing and driving global growth and expansion. Currently the market is largely controlled by four companies. In spite of this, competitors are releasing new products with enhanced capabilities that are more appealing to clients. Some examples of new innovations include less invasive, bone-sparing procedures, such as short-stem and stemless device implants, that are becoming increasingly popular. As a result of these innovations, smaller companies will not only be able to boost their global market share, but will also drive procedural growth over the forecast period.
2. Transition from Partial to Reverse Shoulder Implants
Within the last few years, particularly within the year 2022, surgeons have begun to use reversed shoulder implants instead of partial shoulder implants. The trend has largely been observed in North America and Western and Central Europe, with a rapid rise in reversed shoulder devices. In general, hemi-arthroplasty implants cause glenoid deterioration, leading to increased pain and limited mobility. Due to the high price of reversed shoulder implants, the overall market growth is being driven by their increasing popularity.
3. Growth of Revision
It is also becoming increasingly popular to provide shoulder implant devices to younger patients, which is another key market driver. Due to the shift in patient demographics for younger individuals, revisions have also become more common. As compared to elderly patients, younger patients have higher activity levels and relatively longer lifespans following the primary procedure, resulting in an increased rate of revisions. Because revision procedures, on average, have a higher associated cost, the increase in revision cases will drive market volume growth.
As shoulder replacement continues to have clinical success, it has become more accepted as the standard of care for shoulder osteoarthritis and shoulder fractures. This will drive procedure growth over the forecast period. Also fueling growth are new products that continue to be released by more competitors, including those not in the top four leading positions in the market. In 2029, the shoulder reconstruction market is expected to reach $3.5B. If you find yourself wanting to learn even more about the market drivers for this global market, fill out the form below to receive a complimentary executive summary.