shcri.com - The global Total Shoulder Replacement (TSR) market will reach a value of US$959m by 2019, due primarily to a climbing number of shoulder arthritis and fracture sufferers, according to Total Shoulder Replacement - Global Analysis and Market Forecasts.
Total Shoulder Replacement - Global Analysis and Market Forecasts states that in 2012, the market for TSR across 10 key countries (US, France, Germany, Italy, Spain, Japan, Brazil, China, India and the UK) was estimated at US$526m, but increasing demand will see this total climb significantly in the foreseeable future.
As of 2013, the US is estimated to comprise a majority of the market share, with 69.6%, and will continue to contribute a substantial amount to the global TSR market. Meanwhile, Germany is expected to remain the dominant figure in the European market in the near future, followed by France and Italy.
Total Shoulder Replacement - Global Analysis and Market Forecasts states that the growth is being driven by increasing numbers of symptomatic shoulder arthritis and proximal humerus fracture cases among aging populations. The rise of reverse TSR devices in the US and EU markets is cited as an important contributing factor, along with expanded medical education and the adoption of TSR among surgeons in developing countries.
Total Shoulder Replacement - Global Analysis and Market Forecasts, states: "Thanks to manufacturers' commitment to medical education, the shoulder community has witnessed an increased surgeon uptake of reverse shoulder replacements.
"With a robust pipeline and increasing patient awareness of the latest shoulder replacement techniques, the market should see solid growth in the number of TSR procedures in the coming years."
However, despite the clinical success of reverse shoulder systems so far in alleviating pain and restoring function, their widespread use remains limited by a number of significant complications. Although some of these have already been resolved with improvements in design and surgical technique, issues such as dislocation, infection, acromial fractures and scapular notching are yet to be addressed.
In addition to the wave of enthusiasm towards reverse shoulder replacement, Total Shoulder Replacement - Global Analysis and Market Forecasts also believes there to be market potential for stemless shoulder prostheses:
"So far only a few manufacturers have launched stemless shoulder implants into the European market. Therefore, ample opportunities exist for those who hope to capitalize on this growing market," explains Total Shoulder Replacement - Global Analysis and Market Forecasts.
Total Shoulder Replacement - Global Analysis and Market Forecasts focuses on the TSR market in the US, the 5EU (France, Germany, Italy, Spain and the UK), Brazil and the APAC regions, including Japan, China and India, and identifies unmet needs in the market. It also discusses expectations concerning the healthy growth of the TSR market, primarily driven by the trend of active aging, continuous medical education efforts from the supply side, the introduction of additional reverse shoulder implants and the FDA's approval of modern stemless designs.