Baptiste Martin, CEO of FX Shoulder USA, recently had a chance to discuss the shoulder arthroplasty industry with ODT Magazine’s Michael Barbella. See the article below to see Baptiste’s thoughts on how the market is evolving and how FX Shoulder USA is contributing to that development.
Michael Barbella: What trends/factors are currently impacting the global extremities market?
Baptiste Martin: The global shoulder arthroplasty market is growing quickly with a CAGR [compound annual growth rate] estimated at 7.6 percent from 2018 to 2024 reaching $1.9 billion in 2024. The U.S. market is worth over 40 percent of the entire market. By 2021, the shoulder arthroplasty market in the U.S. will be worth $928 million, according to Business Wire. The growth in the shoulder market is primarily based on the age of the population that requires a replacement of their gleno-humeral joint for arthritis or fractures. In addition, for example, the global rate for proximal humerus fractures, a common occurrence from accidents and falls as people age, has been increasing by 15 percent a year, according to marketresearch.com.