Arthroscopy Devices Market to grow at a CAGR of 6.6% By 2025 | Valuates Reports

Arthroscope is a medical device and minimally invasive surgical procedure on a joint in which an examination and sometimes treatment of damage is performed using an arthroscope, an endoscope that is inserted into the joint through a small incision. Arthroscopic procedures can be performed during ACL reconstruction.

The advantage over traditional open surgery is that the joint does not have to be opened up fully. For knee arthroscopy only two small incisions are made, one for the arthroscope and one for the surgical instruments to be used in the knee cavity. This reduces recovery time and may increase the rate of success due to less trauma to the connective tissue. It has gained popularity due to evidence of faster recovery times with less scarring, because of the smaller incisions

Valuates Reports has recently added Global Arthroscopy Devices Market Forecast up to 2025

Research Overview

Infoholic Research predicts that the global arthroscopy devices market will grow at a CAGR of 6.6% during the forecast period. The growing popularity of minimally invasive surgical procedures has increased the usage of arthroscopy devices globally. These devices have helped surgeons in treating various orthopedic conditions such as osteoarthritis, bone cancer herniated discs, and other joint-related orthopedic-targeted diseases.

Arthroscopy devices have increased the interest of minimally invasive procedures; few of the popular methods among them include shoulder arthroscopy, spine arthroscopy, knee arthroscopy, and hip arthroscopy. According to the report by National Survey of Ambulatory Surgery, more than 1 million knee arthroscopic procedures are performed annually. A majority of the surgical procedures are performed based on physical examination followed by magnetic resonance imaging (MRI) that gives a confirmatory diagnosis. Performing office-based needle arthroscopy has proven to be the alternative approach to visualize intra-articular pathology and anatomy in real-time. Surgical knee arthroscopy is the most common procedure performed.

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Most of the large joint replacement implants are surgically performed when the joint is worn out or becomes dysfunctional due to injuries. Surgeries are primarily carried out to restore mobility and relieve pain. In minimally invasive surgery, a smaller surgical incision is made, and fewer muscles around the joint are detached or cut.

Despite this difference, both traditional and minimally invasive joint replacement are technically demanding due to the outcomes and are dependent on the operating team with considerable experience.

key Trends :

North America accounted for the largest share of the global arthroscopy devices market in 2018. The primary reasons behind the market’s growth in the Americas are rise in the aging population, increasing incidences of osteoporosis, advanced healthcare infrastructure, and rising demand for minimally invasive surgeries. The Asia Pacific region is expected to witness the fastest growth rate due to large patient pool, increasing awareness, and rising healthcare expenditure.

Benefits:

The report provides complete details about the usage and adoption rate of arthroscopy devices. Thus, the key stakeholders can know about the major trends, drivers, investments, vertical player’s initiatives, and government initiatives toward the medical devices segment in the upcoming years along with details of the pureplay companies entering the market. Moreover, the report provides details about the major challenges that are going to impact the market growth. Additionally, the report gives complete details about the key business opportunities to key stakeholders in order to expand their business and capture the revenue in specific verticals, and to analyze before investing or expanding the business in this market.

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Segmentation by Product Types:

• Arthroscopes
• Arthroscopy Implants
• Arthroscopy Visualization Systems
• Arthroscopic Shavers
• Arthroscopic Radiofrequency Systems
• Arthroscopy Fluid Management Systems

In 2018, the arthroscopy implants segment occupied the largest share due to increase in the incidence of musculoskeletal disorders, demand for artificial knee/hip implants, and awareness about the supreme quality range of implants available in the market. Further, the radiofrequency and fluid management arthroscopy systems are expected to gain the highest volume sales during the forecast period.


Segmentation by Applications:
• Knee
• Hip
• Spine
• Shoulder
• Ankle
• Sports Medicine

In 2018, the knee segment accounted for the maximum share with increased use of arthroscopy procedures for total knee replacement.

Segmentation by End-users:

• Hospitals
• Ambulatory Care
• Trauma Centers
In 2018, hospitals gained the highest share in the arthroscopy devices market with the largest diagnostic volumes globally.

Key Competitive Facts:

• The market is highly competitive with all the players competing to gain the market share. Intense competition, rapid advancements in technology, frequent changes in government policies, and the prices are key factors that confront the market.
• The requirement of high initial investment, implementation, and maintenance cost in the market are also limiting the entry of new players.

Key Takeaways:

• Understanding the potential market opportunity with precise market size and forecast data.
• Detailed market analysis focusing on the growth of the arthroscopy devices industry.
• Factors influencing the growth of the arthroscopy devices market.
• In-depth competitive analysis of dominant and pure-play vendors.
• Prediction analysis of the arthroscopy devices industry in both developed and developing regions.
• Key insights related to major segments of the arthroscopy devices market.
• The latest market trend analysis impacting the buying behavior of the consumers.

Featured Companies :

Johnson & Johnson
Stryker
Zimmer Biomet Holdings Inc
Smith and Nephew Inc
Arthrex Inc

Segmentation by Regions:

• North America
• Europe
• APAC
• RoW

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