Arthroscopy Devices Market – High Cases of Joint Replacement Surgery and Increasing Geriatric Population

Technological advancements, rising demand for arthroscopic surgeries, product development, and increasing number of knee implantation and hip implantation procedures among others, are major factors driving growth of the arthroscopy devices market. Key players operating in the arthroscopy devices market are focused on technically advanced products. Moreover, with developing technology, patients' preferences for diagnosis of knee disorders are shifting from traditional to modern procedures that are minimally invasive. These factors are expected to accelerate demand for arthroscopy devices in the market.

For instance, in September 2016, Vimex Sp Z o.o. launched ANTARES, a full HD endoscopic camera with a built-in recorder at the XLI Scientific Congress of the Polish Society of Orthopedics and Traumatology, in Lublin. In May 2016, DePuy Orthopaedics, Inc., part of the DePuy Synthes Companies of Johnson & Johnson, acquired privately-held BioMedical Enterprises, Inc. a key manufacturer of Nitinol orthopaedic implants for small bone fixation. Furthermore, incorporating different technologically features such as wireless camera heads and high-definition monitors are expected to boost adoption of arthroscopy devices globally.

Major players are offering customizable devices to doctors for enhancing their market presence. For instance, Olympus offers a multi-specialty digital imaging platform to perform each specialized procedure along with maintaining guidelines, and allows healthcare professionals to record, store and share high quality moving images. The enhanced design of arthroscopic devices with steam sterilization and complex cameras offered by companies such as Smith & Nephew are expected to facilitate adoption of such devices.

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Major players operating in the global arthroscopy devices market include Smith & Nephew Plc, Olympus Corporation, Johnson & Johnson (DePuy Synthes Inc.), Stryker Corporation, CONMED Corporation, Vimex Sp. z o.o., and Karl Storz SE & Co. KG.

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