Orthopedic Devices are used to treat the disorders and injuries of the musculoskeletal system of human body. Shoulder Replacement is a surgical intervention in which certain parts of an arthritic or damaged joint are removed and replaced with prosthesis, or artificial joints. GlobalData uses proprietary data and analytics to provide a comprehensive report on the shoulder replacement market in South Korea. Buy the latest report here.
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In 2023, GlobalData’s Market Model methodology determined that the leading player in the shoulder replacement market in South Korea was DePuy Synthes followed by Stryker, Arthrex, ZimVie, Exactech, Mathys AG Bettlach and Smith & Nephew.
Understanding market size can be crucial to evaluate opportunities and make informed decisions about market entry and exit. Medical device companies can identify attractive segments in respective markets as well as develop marketing strategies based on forecasts for those segments.
Shoulder Replacement covers devices (implants) used for Total/Primary, Reverse, Partial, and Revision Shoulder Replacement.
The shoulder replacement market in South Korea can expand or contract due to a variety of reasons including population demographics, disease incidence and prevalence, macroeconomic issues, and geopolitical considerations. Disruption to a market could be caused by a sudden, unexpected change in these factors, but it could also be driven by changes in clinical practice, leading to a change in diagnosis or treatment of patients, as part of a process to generally improve medical practice.
For the latest analysis of the market size shoulder replacement in South Korea, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Medical Intelligence Center Market Models are the gold standard of medical device market valuation, company share estimation and market trend forecasting. GlobalData uses a patient-based forecast model or installed base methodology to determine the market size for therapeutic indications and capital equipment expenditures. Estimates are based on a number of sources, including primary research—KOL and industry contact interviews—and secondary research, such as company reports, press releases, published articles, proprietary databases, and general news media.
