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A recent report published by Infinium Global Research on arthroscopy device market provides in-depth analysis of segments and sub-segments in the global as well as regional arthroscopy device market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional arthroscopy device market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global arthroscopy device market.
Arthroscopy is a minimally invasive surgical procedure utilized to examine and treat the interior of joints like the knee, shoulder, or hip. It involves employing an arthroscope, a small, flexible tube with a camera and light, which is inserted through a tiny incision into the joint. The surgeon can then view the joint's structures on a monitor and address various conditions, including torn ligaments, damaged cartilage, or inflamed synovium. Arthroscopy serves both diagnostic and therapeutic purposes, offering advantages such as smaller incisions, reduced scarring, quicker recovery times, and potentially less postoperative discomfort compared to traditional open surgery.
Owing to the rising incidence of sports injuries the market of arthroscopic market is driving. As more and more individuals are engaged in physical activities and sports, the demand for minimally invasive procedures like arthroscopy is on the rise. According to the National SAFE KIDS Campaign and the American Academy of Pediatrics, each year, youth sports witness over 3.5 million injuries that necessitate medical treatment. The procedure's effectiveness in diagnosing and treating joint issues, such as ligament tears and cartilage damage, further fuels its adoption. As a result, the arthroscopic market continues to thrive, catering to the needs of a growing number of patients seeking advanced and efficient treatment options. Furthermore, the increasing prevalence rate of musculoskeletal disease will drive the arthroscopy market. Musculoskeletal Disorders (MSD) are injuries or disorders of the muscles, nerves, tendons, joints, cartilage, and spinal discs. Owing to the rise in the aging population, accidents, and genetic population there is a substantial rise in musculoskeletal disease. According to the World Health Organization, nearly 1.71 billion people have musculoskeletal conditions globally. The market growth of arthroscopy devices may face hindrances due to the high costs associated with these devices. The expenses involved in manufacturing, research, and development, as well as the advanced technology used in arthroscopic devices, can lead to higher prices for end-users, especially those with lower income groups According to the American Academy of Orthopedic Surgeons, approximately 4.0 million knee arthroscopic surgeries are performed worldwide, providing patients with an alternative to total knee replacement. Additionally, the American Orthopedic Society for Sports Medicine reports around 1.6 million shoulder arthroscopic procedures are conducted annually. With continuous technological advancements, including wireless automation, enhanced instrumentation, improved fixation, and ultra-high-definition imaging, the volume of arthroscopic procedures is projected to increase significantly in the coming years. These developments promise to offer even better outcomes and further contribute to the growing popularity of arthroscopic surgery in the medical field.
| Report Coverage | Details |
|---|---|
| Market Size in 2022 | USD 5.05 Billion |
| Market Size by 2030 | USD 6.65 Billion |
| Growth Rate from 2023 to 2030 | CAGR of 3.03% |
| Largest Market | North America |
| No. of Pages | 255 |
| Market Drivers |
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| Market Segmentation | By Type, By Application, and By End User |
| Regional Scope | North America, Europe, Asia Pacific, and RoW |
The report on global arthroscopy device market covers segments such as type, application, and end user. On the basis of type, the sub-markets include arthroscopic implants, fluid management systems, radio frequency systems, visualization systems, powered shavers, and others. On the basis of application, the sub-markets include knee arthroscopy, hip arthroscopy, and shoulder and elbow arthroscopy. On the basis of end user, the sub-markets include hospital, ambulatory surgery center, and clinics.
The report provides profiles of the companies in the market such as Arthrex, Inc., CONMED Corporation, Johnson & Johnson Services, Inc., KARL STORZ, Richard Wolf GmbH, HenkeSassWolf, Zimmer Biomet, Stryker Corporation, B. Braun SE, Sklar Surgical Instruments, and CYRIX HEALTHCARE.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the arthroscopy device market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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