Total Shoulder Replacement Market by Type (Anatomic Total Shoulder Replacements, Reverse Total Shoulder Replacements); by Application (Primary Osteoarthritis, Proximal Humerus Fracture, Others); by End Use (Hospitals, Point of Care Testing); North and South America Total Knee Replacement Market by Component (Femoral, Tibial, Patellar); by End Use (Hospitals, Point of Care Testing) - North America, South America – Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2017-2025.
Total shoulder replacement is a medical procedure that involves replacement of damaged bones of the shoulder joint with artificial joint implants. Usually, total shoulder replacements comprise of anatomic total shoulder replacements and reverse total shoulder replacements. Reverse shoulder arthroplasty is a highly technical procedure, which replaces the ball of the shoulder joint with a socket. This procedure is mostly preferred for patients with arthritis and have rotator cuff tears. Reverse shoulder arthroplasty is used in restoration of shoulder movement and severe facture. It also helps ease the pain.
Knee replacement is one of the most effective and widely used ways to relieve the pain due to knee arthritis. Moreover, technical developments in the market like improved implant materials, minimally invasive surgery and their success rates are allowing even the younger population to undergo knee replacement. The global market is also promoted by technologies such as 3D printed knee implants which are manufactured by the U.S. based medical company, ConforMIS. In terms of revenue, the North and South America Total Shoulder and Knee Replacement Market is anticipated to be valued at US$ xxxx Mn in 2017 and is expected to reach US$ xxxx Mn by 2025, expanding at a CAGR of xx% from 2017 to 2025.
The North and South America Total Shoulder Replacement Market is enhanced by factors such as:
• Development of advanced designs.
• Rise in incidence of proximal humerus fracture cases among the geriatric.
• Increasing adoption of total shoulder replacement surgeries.
The North and South America Total Knee Replacement Market is enhanced by factors such as:
• Increasing rate of old-age diseases like osteoporosis, diabetes, obesity, arthritis.
• An ageing population and sports-related injuries.
• Upcoming advance technologies such as minimal invasive surgery and better implant materials.
The Total Shoulder Replacement Market based on type-wise segmentation is segmented into anatomic total shoulder replacements and reverse total shoulder replacements. In an anatomic total shoulder replacement, a plastic cup is fixed into the socket of the shoulder; and a ball made of metal is attached on the top of the humerus bone. Whereas, in a reverse total shoulder replacement surgery; the metal ball is fitted into the socket of the shoulder and the plastic cup is attached to the upper end of the humerus bone.
Primary osteoarthritis (OA) is arthritis that has no known cause. There's no trigger, such as an injury that first began to damage the joint. Primary OA is sometimes called idiopathic osteoarthritis.
Furthermore, in terms of end user segmentation of the Total Shoulder and Knee Replacement Market, the hospitals segment will account for the largest revenue share. Increasing prevalence of road accidents coupled with growing number of hospitals is anticipated to drive the segment growth.
A large base of elderly population and rise in proximal humerus fracture cases is the prime reason for the segments success. According to the Agency for Healthcare Research and Quality (AHRQ), around 53,000 people in the U.S. underwent shoulder replacement surgery in the year 2011.
Some of the significant players functional in the North and South America Total Shoulder and Knee Replacement Market include Arthrex Inc., Biomet Inc., B. Braun Melsungen AG., DePuy Synthes Inc., DJO Global, Exactech Inc., FH Orthopedics, Integra LifeSciences Corporation, LimaCorporate S.p.a., MicroPort Orthopedics, Medtronic Inc., Smith & Nephew, Stryker Corporation, Synthes Inc., Tornier N.V., Waldemar Link, Wright Medical Group, Zimmer Holdings Inc., and so on.