The humeral implants market is poised for exceptional growth, with its valuation expected to reach USD 1,017.6 million in 2023. Over the next decade, from 2023 to 2033, the market is projected to flourish at an impressive CAGR of 7.0%, culminating in a valuation of USD 2,005.5 million by 2033.
Humeral implants, essential for treating shoulder fractures and other orthopedic conditions, are becoming increasingly important in the medical field. The anticipated growth in this market underscores the rising demand for advanced orthopedic solutions and the continuous advancements in medical technology.
The surge in the humeral implants market is driven by an aging population, increasing incidence of orthopedic injuries, and a growing preference for minimally invasive surgical procedures. As healthcare providers and patients alike seek improved outcomes and faster recovery times, the adoption of humeral implants is set to rise significantly.
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Addressing Shoulder Issues: Humeral Implants Offer Restoration and Relief
The global humeral implant market is experiencing significant growth, driven by the rising need for effective treatment options for shoulder disorders. Humeral implants play a vital role in shoulder replacement surgeries, offering patients improved mobility, pain relief, and restored function.
Multiple Factors Driving Market Growth
Several factors are contributing to the expansion of the humeral implant market:
- Rising Shoulder Replacement Procedures: The growing prevalence of shoulder arthritis and other degenerative conditions is leading to an increase in shoulder replacement surgeries, which require humeral implants.
- Improved Implant Design: Advancements in prosthetic biomechanics and a deeper understanding of shoulder anatomy are leading to the development of more sophisticated humeral implants. These implants aim to replicate natural shoulder anatomy and minimize complications associated with traditional implants.
- Fracture Treatment: Humeral implants are also used in treating complex fractures of the humerus bone, a bone in the upper arm.
Key Takeaways:
- The global humeral implant market is estimated to reach US$2,005.5 million by 2033, reflecting a significant rise from US$1,017.6 million in 2023.
- This growth is projected at a steady compound annual growth rate (CAGR) of 7.0% throughout the forecast period.
- The increasing demand for shoulder replacements and advancements in implant design are key drivers for market expansion.
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Key Players in the Global Humeral Implants Sector:
Internationally, B. Braun Ireland, Arthrex, Inc., Exactech, Inc., mediates, Zimmer Biomet, Smith & Nephew plc., Stryker, Wright Medical Group, DePuy Synthes, and other companies are major market players in the humeral implants industry. The development of cutting-edge humeral implants is the primary focus of these businesses, which helps to fuel the global market for humeral implants.
- In March 2022, Shoulder Innovations Inc., (SI), a leading innovator in the development of shoulder replacement systems, announced the FDA Clearance of their latest component of the InSet Total Shoulder System, the InSet™ Stemless Humeral System. The InSet™Stemless implant is the latest addition to the innovative and integrated InSet™ system, which already includes the successful InSet™ Glenoid, Humeral Short Stem, and Reverse components.
- In July 2021, Stryker launched the Perform humeral stem as part of its newly introduced Tornier shoulder arthroplasty portfolio. Kalamazoo, Mich.-based Stryker designed its Tornier Perform humeral stem for use in anatomic, reverse, and hemiarthroplasty of the shoulder to allow for conversion from an anatomic to a reverse shoulder prosthesis in the case of revision.
- In August 2021, DePuy Synthes, The Orthopaedics Company of Johnson & Johnson, introduced the INHANCE™ Shoulder System, a first-to-market, fully integrated shoulder arthroplasty system. The system is designed with an intuitive stemless-first surgical approach that aligns with how surgeons approach patient care. The ENHANCE Shoulder System is the first shoulder system to offer surgeons the ability to seamlessly transition from stemless to stemmed implants during surgical procedures.
Key Companies Profiled:
- B. Braun Ireland
- Arthrex, Inc.
- Exactech, Inc.
- mediates
- Zimmer Biomet
- Smith & Nephew Plc.
- Stryker Corporation
- Wright Medical Group
- DePuy Synthes
Key Segments:
By Product Type:
- Proximal Humerus Implants
- Humeral Shaft Implants
- Distal Humerus Implants
By End User:
- for Hospitals
- for Ambulatory Surgical Centers
- for Clinics
By Region:
- North America
- Europe
- Asia-Pacific
- Middle East & Africa
- Latin America
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