Global Arthroscopy Devices Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028
“Global Arthroscopy Devices Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global arthroscopy devices market report has been segmented on the basis of product, application, and region.
Global Arthroscopy Devices Market: Overview
Arthroscopy is a surgical procedure orthopedic surgeons use to visualize, diagnose, and treat problems inside a joint. In an arthroscopic examination an orthopedic surgeon through a small incision in patient's skin inserts pencil-sized instruments that contain a small lens and lighting system to magnify and illuminate structures inside the joint. Light is transmitted through fiber optics to end of the arthroscope that is inserted into the joint.
By attaching arthroscope to a miniature television camera the surgeon is able to see interior of joint through small incision rather than a large incision needed for surgery.
Global Arthroscopy Devices Market: Dynamic
Rising prevalence of chronic diseases across the globe and rising number of surgeries associated to hip and spine are major factor expected to drive growth of the global market. In addition, increasing number of accidents worldwide, coupled with rising number of emergency patients with chronic, level 3 grade wounds is resulting in increasing demand for arthroscopy devices in order to visualize, diagnose, and treat problems. These are some other factors expected to further boost growth of the global market to certain extent.
Moreover, favorable reimbursement policies in developed counties and increasing medical tourism in developing countries, owing to cost-effective surgeries and developing healthcare infrastructure are other factors expected to further support growth of the global market.
However, high cost of devices is a major factor expected to hamper growth of the global market. In addition, non-favorable reimbursement policy is another factor expected to limit growth of the global market to certain extent.
Technological advancements and R&D activities by major players for development of advanced cost-effective devices that aid in complicated surgeries is expected to create new opportunities in terms of revenue for players operating in the target market over the forecast period.
Global Arthroscopy Devices Market: Segment
Among the product type segments, the arthroscopes segment is expected to dominate in the target market over the forecast period.
Among the application segments, the hip and spine segment is expected to contribute significant revenue shares in the target market over the forecast period.
Global Arthroscopy Devices Market: Region
The market in North America is expected to dominate in the global market and is expected to continue its dominance over the forecast period. This dominance can be attributed to well-developed healthcare infrastructure, favorable reimbursement policies, and presence of major players operating in countries in this region. In addition, increasing merger and acquisition activities between regional and international players is expected to further support growth of the global market in this region to certain extent.
The market in Asia Pacific is expected to witness faster growth, owing to rising medical tourism, increasing healthcare expenditure by the government of developing countries, presence of prominent players operating in emerging economies such as India and China in this region.
Global Arthroscopy Devices Market Segmentation
Segmentation by product:
- Arthroscopic Implants
- Fluid Management Systems
- Radiofrequency (RF) Systems
- Visualization Systems
- Powered Shaver Systems
- Other Arthroscopy Equipment
Segmentation by application:
- Knee Arthroscopy
- Hip Arthroscopy
- Spine Arthroscopy
- Foot & Ankle Arthroscopy
- Shoulder & Elbow Arthroscopy
- Other Arthroscopy Applications (Wrist and Jaw)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Estimated Year 2020 Actual Year 2021 Forecast Period 2021–2030 Revenue in US$
- Arthrex, Inc.
- Conmed Corporation
- Johnson & Johnson
- KARL STORZ GmbH & Co. KG
- Medtronic, Plc
- Richard Wolf GmbH
- Smith & Nephew, Plc
- Stryker Corporation
- Wright Medical Group N.V.
- Zimmer Biomet Holdings, Inc.
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