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Proximal Humeral Implants Market By End User (Hospitals, Ambulatory Surgical Centres, Clinics) - Growth, Future Prospects & Competitive Analysis, 2016 – 2028

About this report

The global Proximal Humeral Implants Market report explores the critical analysis of the Proximal Humeral Implants industry using key parameters. The report consists of investment strategies, the need for investments in the Proximal Humeral Implants industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the Proximal Humeral Implants industry and how economic and non-economic barriers are helping the Proximal Humeral Implants market grow. Moreover, the report analyzes the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

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Key Highlights of the report

How are the major segments performing in the Proximal Humeral Implants Market?

In 2021, the ambulatory surgical center's segment will be the leading segment by the end user. Due to active government support for replacement surgeries in ambulatory surgery centers and good health reimbursement, ambulatory surgical centers are anticipated to have exponential growth in the global humeral implant market among end users during the forecast period.

Which region dominated the Proximal Humeral Implants Market?

In 2021, North America was the major region of the global proximal humeral implants market. Over the projected period, it is anticipated that the increased frequency of humeral fractures in the area will raise the demand for humeral implants. In the US, there are roughly 200,000 distal radius fractures per year. To provide a 3-dimensional reconstruction of the humeral head, stemless humeral components have recently become more popular in the area, and new designs have been introduced. Due to their shorter operating times, lesser blood loss, minimal stress shielding, and lower risk of diaphyseal stress risers, these implants are becoming more popular in the area.

What is the competitive environment of the Proximal Humeral Implants Market?

The proximal humeral implants industry's competitive environment offers information on the total economic profit made by suppliers and businesses, the sales and revenues produced in this sector, the proximal humeral implants market share globally, the business organization overview, the introduction of new products, and the opportunities for the proximal humeral implants market. Major competitors are focused on humeral implant innovation to gain a competitive advantage. For instance, The InSetTM Stemless Humeral System, the newest component of the InSet Total Shoulder System, received FDA clearance in March 2022, according to Shoulder Innovations Inc. (SI), a pioneer in the development of shoulder replacement systems. The successful InSetTM Glenoid, Humeral Short Stem, and Reverse components are already a part of the revolutionary and integrated InSetTM system, which has now added the InSetTMStemless implant.

Executive Summary

What are the Technical developments being developed in the Proximal Humeral Implants Market?

The market offers enormous growth opportunities to medical device manufacturers for producing patient-specific implants, prototypes, and biodegradable implants, among other things, propelling the industry forward. Examples of these technological advancements include 3D printing and smart surgeries. Technical developments are also made for the implementation of minimally invasive surgery.

Which are the key investments by the players in the Proximal Humeral Implants Market?

Key players and new startups in the field of shoulder replacement surgery have various investments. For instance, the medical device startup Shoulder Innovations, based in Holland, Michigan, announced a $1.5 million Series A round, which was sponsored by the Michigan Angel Fund and included the Western Michigan University Biosciences Research Commercialization Center, Start Garden, Invest Michigan, Novus Bioventures, and Genesis Innovation Group. A shoulder replacement system that the business created is stronger than conventional shoulder implants. To provide surgeons with the first certified 3D printed knee prosthesis made of cobalt-chrome, Rejoint, an ambitious startup orthopedics company based in Bologna, Italy, is combining 3D additive manufacturing (AM), internet of things (IoT), and the artificial intelligence (AI) with a cobalt-chrome platter.

Some of the major players in the market are B. Braun Ireland, Arthrex, Inc., Exactech, Inc., Medartis, Zimmer Biomet, Smith & Nephew Plc., Stryker Corporation, Wright Medical Group, DePuy Synthes, Opgal, Sensia, Rockwell Automation (Sierra-Olympic), Workswell, Sierra-Olympic Technologies, and others.

What are the Major Driving Factors for the Proximal Humeral Implants Market?

As prosthetic biomechanics and proximal humeral anatomy have come under better knowledge, humeral implant designs have undergone significant development. The increase in the elderly population and the frequency of accidents are expected to raise demand for humeral implants and propel the market for these devices worldwide. Increased obesity rates and lack of activity among the general population are contributing to weakening bones, driving the market for humeral implants. The market for humeral implants is expected to grow as more advanced technologies are adopted, along with continued technological breakthroughs.

What are the Major Risks for the Proximal Humeral Implants Market?

High complications from the operations, such as aseptic loosening and the requirement for humeral revision, may hinder demand for humeral implants and limit the expansion of the world market for humeral implants. The market for humeral implants will also be constrained by the FDA's strict rules for implant approval.

Which is the key End-user in the Proximal Humeral Implants Market?

The ambulatory surgical center's sector dominated the Proximal Humeral Implants market in 2021. Ambulatory surgical centers assist in cost reduction and lower patient out-of-pocket expenses. Ambulatory surgical centers are between 40% and 60% less expensive than hospital stays. Doctors have more control over their work in ambulatory surgical centers. They can therefore provide patients with better pre and postoperative care because they are typically more approachable. In addition, outpatient surgical centers are often easier to reach geographically. Patients, particularly those considering joint replacement surgery and their families, should be aware of this. Compared to in-patient surgery, outpatient surgery is less stressful. Most people choose to recover at home rather than in a hospital. Excellent pre-and postoperative care also increases patients' comfort.

How is the Proximal Humeral Implants Market performing in regions?

One of the largest contributors to the global market for proximal humeral implants in 2021 was North America. Proximal humeral fractures, which comprise over 5% of all fractures and are the third most frequent fracture after hip fractures and distal radial fractures, are reported by the National Library of Medicine. Proximal humeral fractures typically result from low-energy trauma, most frequently a fall from a standing position. Proximal humeral fractures have been more common in the area over the past few decades, but they can be treated with physical therapy and sling immobilization. However, according to the data, prosthetic implants via surgery are only being evaluated for around 1/5 of fractures. The increased frequency of humeral fractures in the region will likely enhance the demand for humeral implants throughout the projected timeframe. An average of 200,000 distal radius fractures occur each year in US. The field has recently seen a rise in stemless humeral components, and new models have been produced to enable a 3-dimensional reconstruction of the humeral head. These implants are gaining popularity in the region due to their quicker healing timeframes, less blood loss, minimum stress shielding, and reduced risk of diaphyseal stress risers.

Europe holds a 33.4% market share for humeral implants, making it the second-largest area in terms of market revenue. Throughout the prediction, it is anticipated that the region will grow significantly. The acceptance of minimally invasive surgery in the area and rising technical breakthroughs like 3D printing are both credited with the market expansion. Furthermore, the penetration of humeral implants in nations like Italy, the United Kingdom, and Germany has expanded with new stemless designs by renowned medical manufacturers. Exactech, a developer and manufacturer of cutting-edge implants, tools, and smart technologies for joint replacement surgery, declared in March 2022 that its distinctive Equinoxe® Humeral Reconstruction Prosthesis is now accessible for usage in clinical settings in Europe.

What is the regulatory landscape for the Proximal Humeral Implants Market?

The regulatory landscape for this market is that governments follow a stricter regulatory approach across regions. For instance, the US monitored humeral implant surgery by the FDA, and it is necessary to get approval from these regulatory bodies for new treatment methodology. The medicine prescribed should also be approved by the FDA. European Union also regulates devices, procedures, and medicines prescribed for proximal humeral implants. 

What is the Market Size of the Proximal Humeral Implants regarding value?

The global Proximal Humeral Implants Market is anticipated to grow at a substantial CAGR of X.X% in the upcoming years. The global Proximal Humeral Implants industry was estimated to be worth USD XX billion in 2021 and was expected to be worth USD XX billion by 2028.

What are the major players planning for the future of the Proximal Humeral Implants Market?

The key players in the Proximal Humeral Implants market are investing heavily in numerous cutting-edge technologies, including 3D printing and others. Additionally, the future scenarios indicate that well-known market players would make major investments in innovation and development to provide effective solutions to the industry. For instance, the Perform humeral stem was announced by Stryker in July 2021 as a component of their recently expanded array of Tornier shoulder replacement procedures. To enable conversion from an anatomic to a reverse shoulder prosthesis in the event of revision, Kalamazoo, Michigan-based Stryker, created the Tornier Perform humeral stem for use in anatomic, reverse, and hemiarthroplasty of the shoulder.

Segmentation of Global Proximal Humeral Implants Market-

Global Proximal Humeral Implants Market – By End User

  • Hospitals
  • Ambulatory Surgical Centres
  • Clinics

Global Proximal Humeral Implants Market – By Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently asked questions about the global proximal humeral implants market.

The healthcare segment also suffered from the COVID-19 pandemic, which resulted in reduction in market revenue generated in 2020 due to the temporary suspension of different surgical procedures.

North America accounted for the highest share in the global proximal humeral implants market.

Increasing prevalence of shoulder implant cases and rising investments in the healthcare sector are the major factors driving the market's growth.

Ambulatory Surgical Centers had a major share in 2021 with a major market revenue share. Besides, it is also projected to witness the fastest growth.

Proximal Humeral Implants Market Scope

Report Attribute Details
Market Value in 2021 USD XX billion
Market Value in 2028 USD XX billion
CAGR XX%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Trusted By
Godaddy
Published Date:  Oct 2022
Category:  Healthcare
Report ID:   60697
Report Format:   PDF
Pages:   140
Rating:    4.6 (50)
Delivery Time: 24 Hours to 48 Hours   
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