Global Shoulder Arthroplasty Market 2018-2022
About Shoulder Arthroplasty
The shoulder joint is a highly mobile joint. It comprises four joints, namely the sternoclavicular joint, scapulothoracic joint, acromioclavicular joint, and glenohumeral joint. Shoulder arthroplasty is a surgical procedure for partial or total replacement of the glenohumeral joint by a prosthetic implant. The surgery is conducted to relieve arthritic shoulder pain and fix severe joint damage due to injury.
Technavio’s analysts forecast the global shoulder arthroplasty market to grow at a CAGR of 6.12% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global shoulder arthroplasty market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Shoulder Arthroplasty Market 2018-2022
Technavio recognizes the following companies as the key players in the global shoulder arthroplasty market: DePuy Synthes, Integra LifeSciences, Smith & Nephew, Wright Medical Group, and Zimmer Biomet.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing utilization of robotics in surgeries. Robotics is being increasingly utilized to improve surgical outcomes for patients. The use of robotics in surgeries reduce hospital stays and lowers the rate of complications. It also helps surgeons perform surgical procedures with more precision, accuracy, flexibility, and control when compared with conventional techniques.”
According to the report, one driver in the market is growing prevalence of arthritis coupled with increasing geriatric population. The geriatric population is prone to degenerative bone diseases like arthritis and osteoporosis. The increasing prevalence of arthritic conditions such as rheumatoid arthritis and the high occurrences of bone fractures among the geriatric population drive the growth of this market. Geriatric population is increasing across the world.
Further, the report states that one challenge in the market is high cost of technological development. The high cost of technological development can affect the growth of the global shoulder arthroplasty market. Due to technological advances, the cost of shoulder arthroplasty and associated devices is increasing.
DePuy Synthes, Integra LifeSciences, Smith & Nephew, Wright Medical Group, and Zimmer Biomet.