Humeral Implants Market is predicted to procure US$ 2,106 Mn by 2032 | FMI
In 2022, the Global Humeral Implants Market is expected to be worth US$ 963.8 million. Humeral implant sales are predicted to grow at a 7.1% CAGR from 2022 to 2032, reaching US$ 2,106 million. The increased prevalence of shoulder replacements, the increasing prevalence of shoulder arthritis, and the rapid adoption of prosthetics are all expected to drive demand for Humeral Implants around the globe.
The 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 fall or motor vehicle crash. 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.
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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 are 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.
Humeral Implants Market: Drivers and Restraints
The global humeral implants market is anticipated to register a significant CAGR over a forecast period. The rise in geriatric population and increased number of accidents is anticipated to boost the demand for the humeral implants and drives the global humeral implants market.
Changes in lifestyle such as lack of exercise and increased prevalence of obesity in global population are attributing to the weakening of bones, fuelling humeral implants market growth. Increase in the adoption of advanced technologies and ongoing technological advancements also anticipated to drives the global humeral implants market.
However, high complication rates such as aseptic loosening and need of humeral revision associated with the procedures may hamper the demand for the humeral implants and restrain the growth of the global humeral implants market. Additionally, stringent FDA policies for the approval of implants will restrain the growth of humeral implants market.
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Humeral Implants Market: Regional Outlook
On the basis of regional presence, the global humeral implants market is segmented into seven key regions: North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan, and Middle East & Africa. Currently, North America is contributing the leading shares to the global systems humeral implants market in terms of value and anticipated to register a significant CAGR over a forecast period.
APEJ is also contributing moderate shares to the market due to the newly developed products and growing incidence of injuries is expected to show a robust growth to the global humeral implants market. Europe is the most lucrative market for the humeral implants market. MEA is at a nascent stage to the global humeral implants market and anticipated to register a decent growth to the market over a forecast period. Overall, the global humeral implants market is expected to show significant growth over a forecast period.
Humeral Implants Market: Key Players
Some of the major market players in the humeral implants market globally include B. Braun Ireland, Arthrex, Inc., Exactech, Inc., medartis, 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 research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, applications, and industries.
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The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Humeral Implants Market: Segmentation:
On the basis of product type, the global humeral implants market is segmented into:
- Proximal humerous implants
- Humeral shaft implants
- Distal humerous implants
On the basis of end user, the global humeral implants market is segmented into:
- Ambulatory surgical centers
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- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance