Reverse Shoulder Arthroplasty Market - Forecast(2024 - 2030)

Reverse Shoulder Arthroplasty Market Overview

Reverse Shoulder Arthroplasty Market size is estimated to be approximately $1.9 billion in 2021 and is poised to grow at a CAGR of 6.9% during the forecast period 2022-2027. Reverse Shoulder Arthroplasty is a kind of shoulder arthroplasty that makes use of a convex glenoid hemispheric ball and a concave humerus articulating cup for reconstructing the glenohumeral joint. Some of the most common reasons for undergoing Reverse Shoulder Arthroplasty include arthritis of the shoulder joint surface and torn or damaged rotator cuff tendon (pseudoparalysis). Inspection for the prominence of the humeral head anteriorly (anterosuperior escape) with an elevation of the arm and monitoring the range of motion of the arm are some of the key physical exams conducted by the physician to determine if a patient requires Reverse Shoulder Arthroplasty. The rapid rise in the research and development activities in the field of reverse shoulder arthroplasty is a key factor driving the growth of the industry during the forecast period 2022-2027.

Reverse Shoulder Arthroplasty Market Report Coverage

The report: “Reverse Shoulder Arthroplasty Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Reverse Shoulder Arthroplasty Market.

Key Takeaways

• North America dominated the Reverse Shoulder Arthroplasty Market in the year 2021. The presence of a highly developed healthcare infrastructure and favorable reimbursement policies for Reverse Shoulder Arthroplasty procedures in the region are some of the major factors contributing to the growth of the segment. 
• Rapid growth in the global geriatric population is anticipated to drive the market during the forecast period as the risk of arthritis and tendon damage significantly increases with age.
• Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Reverse Shoulder Arthroplasty Market report.
• However, post-surgery complications are a major factor that is projected to hamper the market growth of the Reverse Shoulder Arthroplasty Industry.

Reverse Shoulder Arthroplasty Market Revenue Share, By Geography, 2021 (%)

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Reverse Shoulder Arthroplasty Market Segment Analysis – By Procedure Type

Based on Product Type, the Reverse Shoulder Arthroplasty Market can be segmented into Total Shoulder Arthroplasty, and Ream & Run Arthroplasty. The Total Shoulder Arthroplasty segment accounted for the largest share of the market in 2021 and is poised to grow at a CAGR of 6.2% during the forecast period 2022-2027. Total Shoulder Arthroplasty involves the removal of several portions of the shoulder joint. The removed portions are then replaced with artificial implants to reduce pain and restore the range of rotation and mobility. The rapid growth of the segment can be attributed to the high success rate of the procedure. According to the Hospital for Special Surgery, 95% of patients have pain-free functioning of their shoulder one year after surgery. The Ream & Run Arthroplasty segment is also anticipated to witness robust growth during the forecast period 2022-2027 owing to the increasing prevalence of shoulder injuries among younger patients.

Reverse Shoulder Arthroplasty Market Segment Analysis – By Application

Based on Application, the Reverse Shoulder Arthroplasty Market can be further segmented into Post-Fracture Shoulder Reconstruction, Total Joint Replacement, and Others. The Post-Fracture Shoulder Reconstruction segment accounted for the largest share of the Reverse Shoulder Arthroplasty Market in 2021 and is projected to grow at a CAGR of 5.9% during the forecast period 2022-2027. This can be attributed to the fact that shoulder fractures are among the most common breaks of the human skeleton. Reverse shoulder arthroplasty is a procedure that is commonly used for the treatment of complex proximal humerus fractures owing to their lower dependency on tuberosity healing. However, the Total Joint Replacement segment is anticipated to witness the fastest growth during the forecast period 2022-2027 owing to the growing prevalence of arthritis among the population.

Reverse Shoulder Arthroplasty Market Segment Analysis – By Geography

North America dominated the geography segment of the Reverse Shoulder Arthroplasty Market in 2021 with a share of approximately 35%. The rapid growth of the segment can be attributed to the presence of a highly developed healthcare sector in the U.S. and Canada. In addition, the favorable reimbursement policies present in North America also play a crucial role in market growth as it significantly reduces the out-of-pocket expense for the patients who undergo the procedure, thereby making them more affordable. For instance, according to the Congressional Research Service, approximately 298 million people, or 91.4% of the U.S. population had health insurance coverage in 2020.

The Asia Pacific region is anticipated to register the fastest growth during the forecast period 2022-2027 owing to the growth in healthcare infrastructure development projects in emerging economies such as China and India. The development of healthcare infrastructure will provide more public and private healthcare facilities with the tools and expertise necessary for performing Reverse Shoulder Arthroplasty procedures.

Reverse Shoulder Arthroplasty Market Drivers

Growing global geriatric population is driving the market growth

The rapid rise in the global geriatric population is a key factor driving the market for Reverse Shoulder Arthroplasty as geriatrics are more susceptible to conditions such as arthritis and rotor cuff tendon tears. According to the World Health Organization (WHO), the number of people over the age of 60 is anticipated to increase from 1 billion in 2020 to nearly 1.4 billion. By 2050, the world’s population of people aged 60 years and older will double to 2.1 billion. The typical age group of patients who undergo shoulder replacement procedures is 60 to 80 years old.

Rapid growth in research and development activities by key players in the market is resulting in launches of more effective reverse shoulder arthroplasty equipment, thereby contributing to the growth of the market. For instance, the US Food and Drug Administration (FDA) granted clearance to DePuy Synthes’ new total shoulder replacement implant. The new product will allow surgeons to switch between the anatomical or reverse method as needed during a procedure, thereby providing more flexibility to the medical professionals. According to the company, 70% of all total shoulder replacements in the U.S. in 2020 were reverse shoulder procedures.

Reverse Shoulder Arthroplasty Market Challenges

The numerous risks and side effects associated with Reverse Shoulder Arthroplasty are projected to challenge market growth during the forecast period. Some of the most common complications include neurologic injury, periprosthetic fracture, hematoma, infection, scapular notching, dislocation, mechanical baseplate failure, and acromial fracture. Besides, it is estimated that at least 21% of patients who undergo the procedure are unable to return to performing athletic activities such as swimming or climbing after recovery. Such factors can discourage patients from undergoing the procedure, thereby challenging growth.

Reverse Shoulder Arthroplasty Industry Outlook

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Reverse Shoulder Arthroplasty Market. In 2021, the Reverse Shoulder Arthroplasty Market share is fragmented by the top ten players present in the market. The Reverse Shoulder Arthroplasty Market, the top 10 companies are:

1. DePuy Synthes
2. Wright Medical Group Inc.
3. Zimmer Biomet
4. Smith and Nephew
5. DJO Global Inc.
6. Exactech Inc.
7. Arthrex
8. Evolutis India Pvt. Ltd.
9. FH Orthopedics S.A.S.
10. Integra Lifesciences

Recent Developments:

• In February 2022, Stryker officially introduced the Tornier shoulder arthroplasty portfolio to the European market. The new Tornier Perform Humeral Stem offers clinical solutions across a spectrum of simple to complex shoulder arthroplasty cases. It is intended for use in anatomic, reverse and hemiarthroplasty of the shoulder.
  
• In August 2021, DePuy Synthes announced plans to launch the Inhance shoulder system. According to the company, the new system is a fully integrated shoulder arthroplasty system.
• In August 2021, Shoulder Innovations Inc announced that they have received FDA clearance for their InSet Reverse Shoulder Arthroplasty System. The InSet Reverse Shoulder system seamlessly integrates and rounds out a best-in-class product line for shoulder arthroplasty. 

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