The shoulder reconstruction device market was the fastest growing segment within the orthopedic small bone and joint market in 2014 — with DePuy Synthes leading the way in terms of market share, according to a recent iData Research.
Here are five key trends in the shoulder reconstruction device market:
1. This growth in the market is a result of increased surgeon experience and education, as well as improved device technology.
2. The largest sub-segment within this market in 2014 was the reversed shoulder implant market due to its higher average selling price.
3. The reversed implant segment has also seen growth due to surgeons using these devices to fix previously failed surgeries as well as leveraging device efficacy.
4. DePuy Synthes is the market leader of the shoulder reconstructive market with more than 20 percent market share. But, the company is expected to lose market share unless they further expand the current product line.
5. Other competitors in the market include Biomet, Tornier, Zimmer, DJO, Exactech, Arthrex and Smith & Nephew.