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Arthroscopy Devices Market: Business Opportunities, Challenges And Companies Smith & Nephew, Olympus, Karl Storz, Stryker Corporation, CONMED Corporation
Arthroscopy Devices
This report studies the global Arthroscopy Devices Market Speaker market, analyzes and researches the Arthroscopy Devices Market Speaker development status and forecast in North America, Europe, Asia Pacific, Latin America and Rest of the World. This report focuses on the top players in global market, like Smith & Nephew, Olympus, Karl Storz, Stryker Corporation, CONMED Corporation.
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Increasing incidence of joint replacement in North America is providing opportunity for the growth of arthroscopy devices market. According to Canadian Institute for Health Information (CIHI), around 113,000 knee and hip surgeries are performed in Canada annually. According to the same source, during the period 2009 to 2015, knee replacement surgery and hip replacements surgery increased by 20.3% and 20% respectively. According to Centers for Disease Control and Prevention (CDC), in the U.S. during 2013-2015 nearly 54.4million adults were diagnosed with arthritis and it is expected to reach 78.4million by 2040. These instances will increase the sale of arthroscopy devices in the near future.
Moreover, incorporating different technologically features such as wireless camera heads and high-definition monitors will boost adoption of arthroscopy devices globally. Major players are offering customizable devices to doctors for enhancing its devices’ market presence. For instance, Olympus offers multi-specialty digital imaging platform to specialize each procedure along with maintained standards and enables healthcare professional to record, store and share high quality moving images.
Furthermore, enhanced design of arthroscopic device with steam sterilization and complex cameras offered by companies such as Smith & Nephew helps in increasing aoption of such devices. The global arthroscopy devices market was valued at US$ 3,910.7 million in 2016 and is expected to witness a robust CAGR of 5.4% during the forecast period (2017 – 2025).
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