Shoulder Arthroplasty Market Growth Report 2021 to 2031
The Shoulder Arthroplasty Market is expected to register a CAGR of 6.5% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Device (Shoulder Arthroplasty Resurfacing Implants, Shoulder Arthroplastry Trauma Devices, Shoulder Arthroplasty Platform Systems), Procedure (Total Shoulder Arthroplasty, Partial Shoulder Arthroplasty, Revision Shoulder Arthroplasty), Indication (Arthritis, Fracture or Dislocation, Rotator Cuff Tear Arthropathy, Hill Sachs Defect). The report further presents analysis based on the End User (Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Shoulder Arthroplasty Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Shoulder Arthroplasty Market Segmentation
Device- Shoulder Arthroplasty Resurfacing Implants
- Shoulder Arthroplastry Trauma Devices
- Shoulder Arthroplasty Platform Systems
- Total Shoulder Arthroplasty
- Partial Shoulder Arthroplasty
- Revision Shoulder Arthroplasty
- Arthritis
- Fracture or Dislocation
- Rotator Cuff Tear Arthropathy
- Hill Sachs Defect
- Hospitals
- Orthopedic Clinics
- Ambulatory Surgical Centers
- Hospitals
- Orthopedic Clinics
- Ambulatory Surgical Centers
Strategic Insights
Shoulder Arthroplasty Market Growth Drivers- Increasing Shoulder Disorder Episodes:
- Shoulder disorders such as osteoarthritis, rotator cuff injuries, and other degenerative conditions have been increasingly diagnosed. The increasing demand of patients for surgical solutions that can eliminate pain and restore the function of shoulder is driving the growth of the shoulder arthroplasty market.
- Technological Advances
- In the market for shoulder arthroplasty, the most important trends are the advances seen in surgical techniques and the designs of implants. Quality material development, incorporating minimally invasive surgery, and using computer-assisted technologies greatly improve results in recovery and minimize the time needed to recover for patients. The adoption of advanced techniques leads to a higher level of patient satisfaction and may further boost demand for shoulder arthroplasty procedures.
- Elderly population increase
- An aged population worldwide is the critical driving force for the market of shoulder arthroplasty, as an aged person is more prone to the disorders and injuries of joints. An increasing demand for shoulder replacement due to degeneration with age leads to a fast pace of shoulder arthroplasty. The demographic trend for such persistent demand for successful surgical treatment in orthopedic care has been established in such a trend
- Least Invasive Surgical Technologies: The minimally invasive shoulder arthroplasty procedures tend to gain rapid popularity. This modern technique causes less tissue damage, less postoperative pain, and enables better recovery. As patients like to have painting surgery or have minimal trauma procedures, the market shifts toward adopting these high-tech methods, thus developing the experience and overall results of the patients.
- Customized Implant Solutions: Another more obviously trending phenomenon in the shoulder arthroplasty market involves personalization in implant design. Personalized implants that are suitable for every patient's anatomy ensure an increase in the rate of surgery success and longevity in prosthetics themselves. This development towards bespoke solutions speaks to an overarching shift towards orthopedic surgery that accommodates diverse needs and increases compatibility and functionality.
- Introduction of Telehealth: Telehealth integration into pre- and postoperative care shifts the landscape of the shoulder arthroplasty market due to advancements in that regard. Remote consultations and follow-up care greatly enhance patient monitoring and education, which leads to much greater adherence to rehabilitation protocols. Such developments therefore encourage better involvement by patients and satisfaction, thereby defining the effectiveness of surgical interventions.
- Emerging Markets Growth: Huge opportunities exist in emerging economies, where healthcare infrastructure is developing, for shoulder arthroplasty market. The disposable incomes are on a rise in these economies and demand for orthopedic health. This increases the requirement for surgeries. Companies can capitalize by offering cost-effective and efficient solutions for shoulder arthroplasty that may be in tune with the requirements of the markets.
- Biomaterials Research and Development: Another area that could potentially see investment is in the advanced research and development of biomaterials for shoulder implants. Better biocompatible materials may lead to longer-lasting implants and improved clinical outcomes for patients. The companies which create high-end material design will greatly benefit from the advancing landscape of shoulder arthroplasty.
- Collaborative Partnerships: The opportunities are expanding for orthopedic surgeons, medical device manufacturers, and research institutions to accelerate their innovations in shoulder arthroplasty. Collaborations would lead to improved patient care and growth in the shoulder arthroplasty market. New advancements in surgical techniques and implant designs can be accelerated through collaboration.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Shoulder Arthroplasty Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Shoulder Arthroplasty Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The shoulder arthroplasty market is estimated to grow with a CAGR of 6.5% from 2023 to 2031
Asia-Pacific region is likely to witness the fastest growth rate during the forecast period.
The shoulder arthroplasty market majorly consists of players such as Zimmer Biomet, Integra LifeSciences Corporation, Wright Medical Group N.V. among others
Adoption of minimally invasive techniques in shoulder arthroplasty is likely to remain the key trend during the forecast period
The market drivers include the increasing incidence of shoulder disorders, and innovations in surgical techniques and implant designs are driving the shoulder arthroplasty market
North America dominated the shoulder arthroplasty market in 2023
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Shoulder Arthroplasty Market - By Device
1.3.2 Shoulder Arthroplasty Market - By Procedure
1.3.3 Shoulder Arthroplasty Market - By Indication
1.3.4 Shoulder Arthroplasty Market - By End User
1.3.5 Shoulder Arthroplasty Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SHOULDER ARTHROPLASTY MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. SHOULDER ARTHROPLASTY MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. SHOULDER ARTHROPLASTY MARKET - GLOBAL MARKET ANALYSIS
6.1. SHOULDER ARTHROPLASTY - GLOBAL MARKET OVERVIEW
6.2. SHOULDER ARTHROPLASTY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SHOULDER ARTHROPLASTY MARKET - REVENUE AND FORECASTS TO 2028 - DEVICE
7.1. OVERVIEW
7.2. DEVICE MARKET FORECASTS AND ANALYSIS
7.3. SHOULDER ARTHROPLASTY RESURFACING IMPLANTS
7.3.1. Overview
7.3.2. Shoulder Arthroplasty Resurfacing Implants Market Forecast and Analysis
7.4. SHOULDER ARTHROPLASTRY TRAUMA DEVICES
7.4.1. Overview
7.4.2. Shoulder Arthroplastry Trauma Devices Market Forecast and Analysis
7.5. SHOULDER ARTHROPLASTY PLATFORM SYSTEMS
7.5.1. Overview
7.5.2. Shoulder Arthroplasty Platform Systems Market Forecast and Analysis
8. SHOULDER ARTHROPLASTY MARKET - REVENUE AND FORECASTS TO 2028 - PROCEDURE
8.1. OVERVIEW
8.2. PROCEDURE MARKET FORECASTS AND ANALYSIS
8.3. TOTAL SHOULDER ARTHROPLASTY
8.3.1. Overview
8.3.2. Total Shoulder Arthroplasty Market Forecast and Analysis
8.3.3. Total Resurfacing Market
8.3.3.1. Overview
8.3.3.2. Total Resurfacing Market Forecast and Analysis
8.3.4. Total-mid Head Market
8.3.4.1. Overview
8.3.4.2. Total-mid Head Market Forecast and Analysis
8.3.5. Total Conventional Market
8.3.5.1. Overview
8.3.5.2. Total Conventional Market Forecast and Analysis
8.3.6. Total Reverse Market
8.3.6.1. Overview
8.3.6.2. Total Reverse Market Forecast and Analysis
8.4. PARTIAL SHOULDER ARTHROPLASTY
8.4.1. Overview
8.4.2. Partial Shoulder Arthroplasty Market Forecast and Analysis
8.4.3. Partial Resurfacing Market
8.4.3.1. Overview
8.4.3.2. Partial Resurfacing Market Forecast and Analysis
8.4.4. Hemi Resurfacing Market
8.4.4.1. Overview
8.4.4.2. Hemi Resurfacing Market Forecast and Analysis
8.4.5. Partial-mid Head Market
8.4.5.1. Overview
8.4.5.2. Partial-mid Head Market Forecast and Analysis
8.4.6. Stemmed Hemi Market
8.4.6.1. Overview
8.4.6.2. Stemmed Hemi Market Forecast and Analysis
8.5. REVISION SHOULDER ARTHROPLASTY
8.5.1. Overview
8.5.2. Revision Shoulder Arthroplasty Market Forecast and Analysis
9. SHOULDER ARTHROPLASTY MARKET - REVENUE AND FORECASTS TO 2028 - INDICATION
9.1. OVERVIEW
9.2. INDICATION MARKET FORECASTS AND ANALYSIS
9.3. ARTHRITIS
9.3.1. Overview
9.3.2. Arthritis Market Forecast and Analysis
9.3.3. Osteoarthritis Market
9.3.3.1. Overview
9.3.3.2. Osteoarthritis Market Forecast and Analysis
9.3.4. Rheumatoid Arthritis Market
9.3.4.1. Overview
9.3.4.2. Rheumatoid Arthritis Market Forecast and Analysis
9.4. FRACTURE OR DISLOCATION
9.4.1. Overview
9.4.2. Fracture or Dislocation Market Forecast and Analysis
9.5. ROTATOR CUFF TEAR ARTHROPATHY
9.5.1. Overview
9.5.2. Rotator Cuff Tear Arthropathy Market Forecast and Analysis
9.6. HILL SACHS DEFECT
9.6.1. Overview
9.6.2. Hill Sachs Defect Market Forecast and Analysis
10. SHOULDER ARTHROPLASTY MARKET - REVENUE AND FORECASTS TO 2028 - END USER
10.1. OVERVIEW
10.2. END USER MARKET FORECASTS AND ANALYSIS
10.3. HOSPITALS
10.3.1. Overview
10.3.2. Hospitals Market Forecast and Analysis
10.4. ORTHOPEDIC CLINICS
10.4.1. Overview
10.4.2. Orthopedic Clinics Market Forecast and Analysis
10.5. AMBULATORY SURGICAL CENTERS
10.5.1. Overview
10.5.2. Ambulatory Surgical Centers Market Forecast and Analysis
11. SHOULDER ARTHROPLASTY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Shoulder Arthroplasty Market Overview
11.1.2 North America Shoulder Arthroplasty Market Forecasts and Analysis
11.1.3 North America Shoulder Arthroplasty Market Forecasts and Analysis - By Device
11.1.4 North America Shoulder Arthroplasty Market Forecasts and Analysis - By Procedure
11.1.5 North America Shoulder Arthroplasty Market Forecasts and Analysis - By Indication
11.1.6 North America Shoulder Arthroplasty Market Forecasts and Analysis - By End User
11.1.7 North America Shoulder Arthroplasty Market Forecasts and Analysis - By Countries
11.1.7.1 United States Shoulder Arthroplasty Market
11.1.7.1.1 United States Shoulder Arthroplasty Market by Device
11.1.7.1.2 United States Shoulder Arthroplasty Market by Procedure
11.1.7.1.3 United States Shoulder Arthroplasty Market by Indication
11.1.7.1.4 United States Shoulder Arthroplasty Market by End User
11.1.7.2 Canada Shoulder Arthroplasty Market
11.1.7.2.1 Canada Shoulder Arthroplasty Market by Device
11.1.7.2.2 Canada Shoulder Arthroplasty Market by Procedure
11.1.7.2.3 Canada Shoulder Arthroplasty Market by Indication
11.1.7.2.4 Canada Shoulder Arthroplasty Market by End User
11.1.7.3 Mexico Shoulder Arthroplasty Market
11.1.7.3.1 Mexico Shoulder Arthroplasty Market by Device
11.1.7.3.2 Mexico Shoulder Arthroplasty Market by Procedure
11.1.7.3.3 Mexico Shoulder Arthroplasty Market by Indication
11.1.7.3.4 Mexico Shoulder Arthroplasty Market by End User
11.2. EUROPE
11.2.1 Europe Shoulder Arthroplasty Market Overview
11.2.2 Europe Shoulder Arthroplasty Market Forecasts and Analysis
11.2.3 Europe Shoulder Arthroplasty Market Forecasts and Analysis - By Device
11.2.4 Europe Shoulder Arthroplasty Market Forecasts and Analysis - By Procedure
11.2.5 Europe Shoulder Arthroplasty Market Forecasts and Analysis - By Indication
11.2.6 Europe Shoulder Arthroplasty Market Forecasts and Analysis - By End User
11.2.7 Europe Shoulder Arthroplasty Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Shoulder Arthroplasty Market
11.2.7.1.1 Germany Shoulder Arthroplasty Market by Device
11.2.7.1.2 Germany Shoulder Arthroplasty Market by Procedure
11.2.7.1.3 Germany Shoulder Arthroplasty Market by Indication
11.2.7.1.4 Germany Shoulder Arthroplasty Market by End User
11.2.7.2 France Shoulder Arthroplasty Market
11.2.7.2.1 France Shoulder Arthroplasty Market by Device
11.2.7.2.2 France Shoulder Arthroplasty Market by Procedure
11.2.7.2.3 France Shoulder Arthroplasty Market by Indication
11.2.7.2.4 France Shoulder Arthroplasty Market by End User
11.2.7.3 Italy Shoulder Arthroplasty Market
11.2.7.3.1 Italy Shoulder Arthroplasty Market by Device
11.2.7.3.2 Italy Shoulder Arthroplasty Market by Procedure
11.2.7.3.3 Italy Shoulder Arthroplasty Market by Indication
11.2.7.3.4 Italy Shoulder Arthroplasty Market by End User
11.2.7.4 Spain Shoulder Arthroplasty Market
11.2.7.4.1 Spain Shoulder Arthroplasty Market by Device
11.2.7.4.2 Spain Shoulder Arthroplasty Market by Procedure
11.2.7.4.3 Spain Shoulder Arthroplasty Market by Indication
11.2.7.4.4 Spain Shoulder Arthroplasty Market by End User
11.2.7.5 United Kingdom Shoulder Arthroplasty Market
11.2.7.5.1 United Kingdom Shoulder Arthroplasty Market by Device
11.2.7.5.2 United Kingdom Shoulder Arthroplasty Market by Procedure
11.2.7.5.3 United Kingdom Shoulder Arthroplasty Market by Indication
11.2.7.5.4 United Kingdom Shoulder Arthroplasty Market by End User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Shoulder Arthroplasty Market Overview
11.3.2 Asia-Pacific Shoulder Arthroplasty Market Forecasts and Analysis
11.3.3 Asia-Pacific Shoulder Arthroplasty Market Forecasts and Analysis - By Device
11.3.4 Asia-Pacific Shoulder Arthroplasty Market Forecasts and Analysis - By Procedure
11.3.5 Asia-Pacific Shoulder Arthroplasty Market Forecasts and Analysis - By Indication
11.3.6 Asia-Pacific Shoulder Arthroplasty Market Forecasts and Analysis - By End User
11.3.7 Asia-Pacific Shoulder Arthroplasty Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Shoulder Arthroplasty Market
11.3.7.1.1 Australia Shoulder Arthroplasty Market by Device
11.3.7.1.2 Australia Shoulder Arthroplasty Market by Procedure
11.3.7.1.3 Australia Shoulder Arthroplasty Market by Indication
11.3.7.1.4 Australia Shoulder Arthroplasty Market by End User
11.3.7.2 China Shoulder Arthroplasty Market
11.3.7.2.1 China Shoulder Arthroplasty Market by Device
11.3.7.2.2 China Shoulder Arthroplasty Market by Procedure
11.3.7.2.3 China Shoulder Arthroplasty Market by Indication
11.3.7.2.4 China Shoulder Arthroplasty Market by End User
11.3.7.3 India Shoulder Arthroplasty Market
11.3.7.3.1 India Shoulder Arthroplasty Market by Device
11.3.7.3.2 India Shoulder Arthroplasty Market by Procedure
11.3.7.3.3 India Shoulder Arthroplasty Market by Indication
11.3.7.3.4 India Shoulder Arthroplasty Market by End User
11.3.7.4 Japan Shoulder Arthroplasty Market
11.3.7.4.1 Japan Shoulder Arthroplasty Market by Device
11.3.7.4.2 Japan Shoulder Arthroplasty Market by Procedure
11.3.7.4.3 Japan Shoulder Arthroplasty Market by Indication
11.3.7.4.4 Japan Shoulder Arthroplasty Market by End User
11.3.7.5 South Korea Shoulder Arthroplasty Market
11.3.7.5.1 South Korea Shoulder Arthroplasty Market by Device
11.3.7.5.2 South Korea Shoulder Arthroplasty Market by Procedure
11.3.7.5.3 South Korea Shoulder Arthroplasty Market by Indication
11.3.7.5.4 South Korea Shoulder Arthroplasty Market by End User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Shoulder Arthroplasty Market Overview
11.4.2 Middle East and Africa Shoulder Arthroplasty Market Forecasts and Analysis
11.4.3 Middle East and Africa Shoulder Arthroplasty Market Forecasts and Analysis - By Device
11.4.4 Middle East and Africa Shoulder Arthroplasty Market Forecasts and Analysis - By Procedure
11.4.5 Middle East and Africa Shoulder Arthroplasty Market Forecasts and Analysis - By Indication
11.4.6 Middle East and Africa Shoulder Arthroplasty Market Forecasts and Analysis - By End User
11.4.7 Middle East and Africa Shoulder Arthroplasty Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Shoulder Arthroplasty Market
11.4.7.1.1 South Africa Shoulder Arthroplasty Market by Device
11.4.7.1.2 South Africa Shoulder Arthroplasty Market by Procedure
11.4.7.1.3 South Africa Shoulder Arthroplasty Market by Indication
11.4.7.1.4 South Africa Shoulder Arthroplasty Market by End User
11.4.7.2 Saudi Arabia Shoulder Arthroplasty Market
11.4.7.2.1 Saudi Arabia Shoulder Arthroplasty Market by Device
11.4.7.2.2 Saudi Arabia Shoulder Arthroplasty Market by Procedure
11.4.7.2.3 Saudi Arabia Shoulder Arthroplasty Market by Indication
11.4.7.2.4 Saudi Arabia Shoulder Arthroplasty Market by End User
11.4.7.3 U.A.E Shoulder Arthroplasty Market
11.4.7.3.1 U.A.E Shoulder Arthroplasty Market by Device
11.4.7.3.2 U.A.E Shoulder Arthroplasty Market by Procedure
11.4.7.3.3 U.A.E Shoulder Arthroplasty Market by Indication
11.4.7.3.4 U.A.E Shoulder Arthroplasty Market by End User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Shoulder Arthroplasty Market Overview
11.5.2 South and Central America Shoulder Arthroplasty Market Forecasts and Analysis
11.5.3 South and Central America Shoulder Arthroplasty Market Forecasts and Analysis - By Device
11.5.4 South and Central America Shoulder Arthroplasty Market Forecasts and Analysis - By Procedure
11.5.5 South and Central America Shoulder Arthroplasty Market Forecasts and Analysis - By Indication
11.5.6 South and Central America Shoulder Arthroplasty Market Forecasts and Analysis - By End User
11.5.7 South and Central America Shoulder Arthroplasty Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Shoulder Arthroplasty Market
11.5.7.1.1 Brazil Shoulder Arthroplasty Market by Device
11.5.7.1.2 Brazil Shoulder Arthroplasty Market by Procedure
11.5.7.1.3 Brazil Shoulder Arthroplasty Market by Indication
11.5.7.1.4 Brazil Shoulder Arthroplasty Market by End User
11.5.7.2 Argentina Shoulder Arthroplasty Market
11.5.7.2.1 Argentina Shoulder Arthroplasty Market by Device
11.5.7.2.2 Argentina Shoulder Arthroplasty Market by Procedure
11.5.7.2.3 Argentina Shoulder Arthroplasty Market by Indication
11.5.7.2.4 Argentina Shoulder Arthroplasty Market by End User
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. SHOULDER ARTHROPLASTY MARKET, KEY COMPANY PROFILES
13.1. DJO GLOBAL, INC.
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. EXACTECH, INC.
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. EVOLUTIS
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. SMITH AND NEPHEW
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. CONMED CORPORATION.
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. ARTHREX, INC.
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. DEPUY SYNTHES (JOHNSON AND JOHNSON SERVICE INC)
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. ZIMMER BIOMET
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. INTEGRA LIFESCIENCES CORPORATION
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. WRIGHT MEDICAL GROUP N.V.
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. DJO GLOBAL, INC.
2. Exactech, Inc.
3. Evolutis
4. Smith and Nephew
5. CONMED Corporation.
6. Arthrex, Inc.
7. DePuy Synthes (Johnson and Johnson Service Inc)
8. Zimmer Biomet
9. Integra LifeSciences Corporation
10. Wright Medical Group N.V.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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