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Shoulder Replacement Market Set to be pegged at a CAGR of ~7% through 2027; Hospital Segment to Reign Supreme

Press release Description

Albany, New York, August 29, 2019: In an epoch of the soaring population of aging patients craving to preserve their mobility and function, replaced shoulder is increasingly observed by the radiologist. Post-traumatic arthritis, osteoarthritis, and rheumatoid arthritis have had repercussion on shoulder as people opting for shoulder replacement has surged over the years. Dissipating pain has been regarded as the main reason for favoring the operation.

These excerpts are according to the intelligence report, titled, “Shoulder Replacement Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019-2027,” which has been freshly added to Market Research Report Search Engine’s (MRRSE) exponential repository.

Even though conventional shoulder replacement has been popular, the prevalence of reverse total shoulder replacement has been apt for people with cuff tear arthropathy. Further, reverse total shoulder replacement has been ideal for higher shoulder strength, better range of motion and high success rate. Accordingly, people with a complex fracture of the shoulder joint, a chronic shoulder dislocation and a tumor of the shoulder joint have been inclined for reverse shoulder replacement.

Hospital segment is set to rule the roost as number of people opting for shoulder arthroplasty has risen significantly in the recent past. Presence of qualified surgeons has had positive influence in the growth of shoulder replacement market. Meanwhile, ambulatory surgical centers segment will likely offer lucrative opportunity to the prominent players that is majorly attributed to surge in the number of upper extremity procedures performed in these settings. As such, market for shoulder replacement is set to expand at a CAGR of ~7% through 2027 and will likely provide lucrative opportunities to players in the landscape.

Notable rise in the geriatric population, upsurge in sports related injury and affable reimbursement scenario are expected to remain catalyst in the growth of shoulder replacement market in North America. As such, the region will potentially be a favorable investment destination. On the other hand, Asia Pacific is experiencing an upsurge in elderly population, mainly in China. Nevertheless, investors eye the region as favorable investment destination.

Shoulder Replacement Market: Report Synopsis

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Shoulder Replacement Market: Research Pathway

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