The global arthroscopy procedures and products market size was valued at USD 11.2 billion in 2018 and is anticipated to grow at a CAGR of 4.9% during the forecast period. Arthroscopy is a minimally intrusive methodology for perception, conclusion and treatment of joint issues. During arthroscopy strategy, specialists embeds an arthroscope, which is a fiber-optic camcorder, through a keyhole size entry point. It permits arthroscopists to see inside the joint through a superior quality video screen and decide the sum or sort of damage, and further perform arthroscopy without the need of an enormous cut. An arthroscopy is utilized to treat a scope of issues, for example, harmed ligament and parts of free bone or ligament, just as conditions, for example, joint pain and solidified shoulder or carpal passage disorder.
Arthroscopy Procedures and Products Market Statistics
The growth in the acceptance of minimally-invasive procedures and the rise in the count of sports-related accidents and injuries are the main factors for the market growth of the arthroscopy procedures and products. Also, According to the National High School Sports-Related Injury Surveillance Study 2018, there are more than 1.3 million cases are noted down relate to sports-related accidents and injuries across the US. Furthermore, arthroscopy primarily offers easy recovery and a high success rate while minimizing recovery time and trauma, which expected to create opportunities in the market for manufacturers for the development in arthroscopy procedures and products during the forecast period. Such factors are expected to increase the demand and consumption of the arthroscopy procedures and products in the global market over the forecast period.
The unique perceived advantage of arthroscopy is its non-invasive nature. It doesn't require an entire opening of the joint and hence recovery time for patients is significantly reduced alongside the danger of infection. It costs less too compared to open surgical methods. Hence its popularity has been soaring, providing a solid boost to its market. As per the American Academy of Orthopedic Surgeons, an estimated 4 million knee arthroscopic surgeries that help patients to avoid knee replacements, are conducted globally. Other factors driving up demand within the market are the rising instances of musculoskeletal disorders, particularly on account of a growing geriatric population highly vulnerable to osteoarthritis and arthritis. In fact, joint-related disorders account for a considerable proportion of chronic diseases occurring within the geriatric population.
Arthroscopy Procedures and Products Market By Segmentation (2017-2028)
Besides, the rising ability of individuals around the world to spend on better healthcare is additionally spurring demand. Within the near future, technological advancements resulting in improved arthroscopic procedures will continue boosting demand. As an example, fluid management systems would likely generate demand on account of their ability to optimize the visualization process. The worldwide arthroscopy procedures and products market hold out a robust promise in terms of higher facilities within the sort of state-of-the-art operation theaters equipped with tailor-made imaging components and other amenities like cameras, fluid management systems, and endoscopes.
Key Factors Impacting the Growth of Arthroscopy procedures and products Market:
- Growth in the acceptance of minimally-invasive procedures.
- Rise in the count of sports-related accidents and injuries.
The arthroscopy procedures and products market segmentation is based on type, procedure, end user, and region.
Type Outlook:
Based on type, the market has been segmented into arthroscopes and visualization systems, arthroscopic resection systems, arthroscopic fluid management systems, arthroscopic implants, arthroscopy radiofrequency (RF) systems, arthroscopic drills, and fixation systems, other arthroscopy instruments and accessories. The arthroscopic implants segment is expected to dominate the market in 2018 and further expected to lead the market during the forecast period.
Procedure Outlook
Based on the procedure, the market is segmented into shoulder arthroscopy, hip arthroscopy, knee arthroscopy, elbow arthroscopy, small joints arthroscopy, and others. The knee arthroscopy segment is expected to widely dominate the arthroscopy procedures and products market in 2018 due to the increasing incidence of serious diseases such as cancer.
Arthroscopy Procedures and Products Market By Regional Analysis (2017-2028)
Regional Outlook:
Based on the region, the global arthroscopy procedures and products market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America is the largest market in terms of value and volume useful in 2018 and is predicted to retain its position through the forecast period. The growth is primarily due to growing the establishment of ambulatory surgical centers as well as the increase in the incorporation of arthroscopic instruments for hips, shoulders, ankles, and wrists procedures are other factors expected to spice up the expansion of the North American market over the forecast period. Moreover, the market within the Asia-Pacific region is projected to exhibit the highest CAGR in the market during the forecast period due to the increase in preference for arthroscopic surgeries in developing countries such as India, China, and South Korea.
Competitive Landscape
The key leading players in the arthroscopy procedures and products market include KARL STORZ GmbH & Co. KG, Olympus Corporation, Arthrex, Inc., Richard Wolf GmbH, Stryker Corporation, CONMED Corporation, and Johnson & Johnson.
This report also includes the profiles of key arthroscopy procedures and product market companies along with their SWOT analysis and market strategies. In addition, these competitive landscapes provide a detailed description of each company including future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launch, new product developments, and other latest industrial developments.
Arthroscopy Procedures and Products Market Timeline (2017-2028)
What Does This Report Provide?
This report provides a detailed understanding of the global arthroscopy procedures and products market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.
Market Segmentation:
By Type
- Arthroscopes and Visualization Systems
- Arthroscopic Resection Systems
- Arthroscopic Fluid Management Systems
- Arthroscopic Implants
- Arthroscopy Radiofrequency (RF) Systems
- Arthroscopic Drills and Fixation Systems
- Others
By Procedure
- Shoulder Arthroscopy
- Hip Arthroscopy
- Knee Arthroscopy
- Elbow Arthroscopy
- Small Joints Arthroscopy
- Others
By Region:
- North America
- By Country (US, Canada, Mexico)
- By Type
- By Procedure
- Western Europe
- By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
- By Type
- By Procedure
- Eastern Europe
- By Country (Russia, Turkey, Rest of Eastern Europe)
- By Type
- By Procedure
- Asia Pacific
- By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
- By Type
- By Procedure
- Middle East
- By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
- By Type
- By Procedure
- Rest of the World
- By Region (South America, Africa)
- By Type
- By Procedure
Reasons to Buy This Report:
- Market size estimation of the arthroscopy procedures and products market on a regional and global basis
- Unique research Usage for market size estimation and forecast
- Profiling of major companies operating in the market with key developments
- Broad scope to cover all the possible segments helping every stakeholder in the market
Customization:
We provide customization of the study to meet specific requirements:
- By Segment
- By Sub-segment
- By Region/Country
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