The global humeral implants market is likely to be valued at USD 1,017.6 million in 2023. From 2023 to 2033, sales of humeral implants are expected to flourish at a 7.0% CAGR, reaching USD 2,005.5 million.
The rising prevalence of shoulder replacements, increasing prevalence of arthritis in the shoulder and rapid adoption of prosthetics are likely to boost the demand for Humeral Implants across the globe. The augmented prevalence of bone fractures and the launch of new products are likely to augment the demand for Humeral Implants.
Humeral implant designs have changed significantly as a result of an improved understanding of prosthetic biomechanics and proximal humeral anatomy. The primary goal of humeral implant design includes the replication of the articular anatomy to restore physiologic soft-tissue tension and to avoid complications such as periprosthetic fracture, aseptic loosening, and proximal humeral bone loss and to provide early implant stability and long-term bony fixation. Trauma is the main reason for humerus fractures.
The humerus is mostly fractured due to falls or motor vehicle crashes. Physical rehabilitation is also an important part of recovery to regain the use of the upper arm and shoulder. Humerus fractures are of different types depending on the name of the area of bone that is broken.
These are proximal humerus fractures, mid-shaft fractures, and distal humerus fractures. If the bone is moved out of the position, surgery is recommended. Surgery is used to readjust the bone and secure them in a position with surgical hardware, such as pins, plates, wires, and screws.
For severe proximal humerus fractures, shoulder replacement surgery is done to remove the injured bone and insert an artificial implant. Both non-cemented and cemented fixation is used, as both techniques have different advantages and disadvantages.
Humeral implants have grown from monoblock to modular implants, from diaphyseal to metaphyseal fixation, from press-fit to ingrowth non-cemented designs, and from fixed to variable implants.
| Attribute | Details |
|---|---|
| Humeral Implants Market CAGR (2023 to 2033) | 7.0% |
| Humeral Implants Market Size (2023) | USD 1,017.6 million |
| Humeral Implants Market Size (2033) | USD 2,005.5 million |
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The global humeral implants sector is anticipated to register a significant CAGR over a forecast period. The rise in the geriatric population and increased number of accidents is anticipated to boost the demand for humeral implants and drive the global humeral implants industry.
Changes in lifestyle such as lack of exercise and increased prevalence of obesity in the global population are attributing to the weakening of bones, fuelling market growth. An increase in the adoption of advanced technologies and ongoing technological advancements is also anticipated to drive the global humeral implants sector.
High complication rates such as aseptic loosening and the need for humeral revision associated with the procedures hamper the demand for humeral implants and restrain the growth of the global market. Additionally, stringent FDA policies for the approval of implants restrain the growth of the market.
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| Countries | Market Share (2022) |
|---|---|
| United States | 38.7% |
| Germany | 9.4% |
| Japan | 3.0% |
North America is contributing the leading shares to the global systems humeral implants industry in terms of value and is anticipated to register a significant CAGR over a forecast period. In 2022, the region acquired 41.5% of revenue in the humeral implants sector and is estimated to maintain its governing share throughout the assessment period.
The increased prevalence of humeral fractures in the region is estimated to boost the demand for Humeral Implants over the forecast period. On average, nearly 200,000 distal radius fractures occur annually in the USA There has been a recent trend in the usage of stemless humeral components in the region and the introduction of new designs with the aim of providing a 3-dimensional reconstruction of the humeral head. The adoption of these implants in the region is due to reduced surgical time, less blood loss, low-stress shielding, and lower risk of diaphyseal stress risers
According to the National Library of Medicine, Proximal humeral fractures account for nearly 5% of all fractures and are the third most common fracture after hip fractures and distal radial fractures. Proximal humeral fractures normally occur owing to a low-energy trauma, usually by falling from a standing height.
The incidence of proximal humeral fractures has clearly increased over the past few decades in the region and is cured with sling immobilization and physical therapy. Though, in about 1/5th of fractures, the prosthetic implant by the means of surgery is being considered, the report says.
Europe is the second-leading region in terms of market revenue, accounting for a 33.4% share in the market. The region is estimated to expand at a significant rate over the forecast period. The market growth is attributed to the increasing technological advancements like 3D printing and the adoption of minimally invasive surgery in the region.
The launch of new stemless designs by prominent medical manufacturers has increased the penetration of humeral implants in countries like Italy, the United Kingdom, and Germany.
In March 2022, Exactech, a developer and producer of innovative implants, instrumentation, and smart technologies for joint replacement surgery, announced that its unique Equinoxe® Humeral Reconstruction Prosthesis is now available for clinical use in Europe.
The increasing number of shoulder replacement surgeries and favorable health reimbursement are some of the prominent drivers in the market growth of humeral implants. According to the National Joint Registry, the number of shoulder replacement surgeries escalated by 9% in 2021 as compared to the number in 2020.
| Countries | CAGR |
|---|---|
| China | 7% |
| India | 4.9% |
Asia Pacific is contributing moderate shares to the market due to the newly developed products and the growing incidence of injuries is expected to show robust growth in the global market.
The increasing rate of geriatric population and mounting rates of osteoarthritis and osteoporosis in countries like China & India are likely to act as the prominent market drivers. Besides, augmented medical tourism and technological enhancements have played a significant role in the regional market's expansion.
With technological advancements such as 3D printing and smart surgeries, the market provides immense growth opportunities to medical device manufacturers for making patient-specific implants, prototypes, and biodegradable implants, among other things, propelling the industry forward.
The adoption of minimally invasive surgery and increasing penetration of medical device manufacturers in the region have bolstered the demand for humeral implants in the region. Favorable government policies and increased healthcare spending is also adding value to the humeral implants business.
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Key market players in the humeral implants sector globally include B. Braun Ireland, Arthrex, Inc., Exactech, Inc., mediates, Zimmer Biomet, Smith & Nephew plc., Stryker, Wright Medical Group, DePuy Synthes and others. These companies are highly focused on the development of advanced humeral implants further contributing to the growth of the humeral implants market globally.
The market is estimated to secure a valuation of USD 1,017.6 million in 2023.
The global market size is expected to reach USD 2,005.5 million by 2033.
The growth potential of the market is 7% through 2033.
Expanding geriatric population and heightened cases of accidents.
China market is expected to register a CAGR of 7% through 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Proximal Humerous Implants 5.2. Humeral Shaft Implants 5.3. Distal Humerus Implants 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User 6.1. Hospitals 6.2. Clinics 6.3. Ambulatory Surgical Centers 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. B. Braun Ireland 17.2. Arthrex, Inc. 17.3. Exactech, Inc. 17.4. mediates 17.5. Zimmer Biomet 17.6. Smith & Nephew Plc 17.7. Stryker Corporation 17.8. Wright Medical Group 17.9. DePuy Synthes 17.10. Conmed Corporation 18. Assumptions & Acronyms Used 19. Research Methodology
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Humeral Implants Market
