Global Arthroscopy Instrument Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Arthroscopy Instrument Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global arthroscopy instrument market report has been segmented on the basis of product, application, end user, and region.
Global Arthroscopy Instrument Market: Overview
Arthroscopy is also known as keyhole surgery or arthroscopic. It is a type of minimal invasive surgery on joints that is performed to examine and treatment of damages in the joints. Arthroscopy is widely used to treat several knee problems. The instruments used during an arthroscopy surgeries are very small that makes small incision in the skin. In addition, they are used in surgical procedures including knee, shoulder, hand, hip, and other small joint procedures.
Global Arthroscopy Instrument Market: Dynamics
Rising geriatric population and increasing incidences of chronic diseases are key factors expected to drive the revenue growth of the target market over next 10 years. According to the 2017 data published by the United Nation, estimated that nearly 962 Mn people are aged 60 and above, comprising of 13 % world’s population.
In addition, increasing health care expenditure, Higher demand for minimal invasive surgical/operating room procedures, improving medical facilities, are some of the factors boosting the demand for the arthroscopy instrument worldwide.
However, high cost of arthroscopy instrument is a factor expected to hamper the growth of the target market to a certain extent.
Global Arthroscopy Instrument Market: Segment Analysis
On the basis of product segment, arthroscope is expected to register fastest growth rate over the forecast years, due to multiple usage of this instrument after sterilization. On the basis of application segment, knee arthroscopy segment is expected to witnessed high revenue share. This is primarily to, growing prevelance knees related disorders among the elderly population. On the basis of end user segment, hospital is expected to dominate the market over the forecoming years.
Global Arthroscopy Instrument Market: Trends
The prominent players are focusing on broadening marketing and strengthen its distribution channels for increasing the outreach of their products in various hospitals and clinics, and is the key trend witnessed in the target market.
For instance, in January 2018, Arthroscopy Association of North America (AANA) and VirtaMed AG signed 2-year collaboration agreement for virtual reality simulation training.
In March 2017, DePuy Synthes Mitek Sports Medicine introduces, which is a US-based company launched new suite of knee arthroscopy solutions to aid in improving operating room efficiency.
Global Arthroscopy Instrument Market: Regional Analysis
In 2018, the markets in North America accounted largest market share in the target market. This is primarily attributed to rising incidences of joint-related diseases and high adoption rate of minimal invasive devices and instruments in countries in the region. According to the American Orthopedic Society for Sports Medicine, estimated that approximately 4 million people had undergo knee arthroscopies in 2016. The market in Asia Pacific is expected to gain highest growth rate, due to growing awareness regarding minimal invasive surgeries and higher healthcare expenditure of people in countries such as China and India in the Asia Pacific region.
Global Arthroscopy Instrument Market Segmentation:
Segmentation by product:
- Arthroscopy Implants
- Visualization Systems
- RF Ablation Systems
- Motorized Shavers
- Fluid Management Systems
Segmentation by application:
- Knee Arthroscopy
- Shoulder Arthroscopy
- Other Arthroscopy Applications (include hips, wrist, spine, etc.)
Segmentation by end user:
- Ambulatory Surgical Centers & Clinics
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
Actual Year 2017 Estimated Year 2018 Forecast Period 2018–2028 Revenue in US$
- Braun Melsungen AG
- Richard Wolf GmbH
- Medtronic Plc
- Zimmer Biomet
- Olympus Corporation
- Millennium Surgical Corp.
- GPC Medical Ltd.
- Karl Storz SE & Co. KG
- Smith & Nephew plc
- Depuy Synthes Companies (A Johnson & Johnson Company)
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