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Arthroscopy Devices And Equipment Market 2020-2030 | Industry Report, Industry Analysis, Key Players, Trends, Revenue, Regional Segmented and Forecast
The Business Research Company offers "Arthroscopy Devices And Equipment Global Market Report 2020-30: Covid 19 Impact And Recovery" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.The global arthroscopy devices and equipment market is expected to decline from $2.8 billion in 2019 to $2.1 billion in 2020 at a compound annual growth rate (CAGR) of -25.3%. The decline is mainly due to COVID-19 outbreak and the measures to contain it. Several medical care facilities in affected countries have been completely closed or have been only providing minimal treatment for emergency cases. The orthopedic surgeries have been postponed and in some cases cancelled due the nations lockdown. The restrictions on non-essential medical services including orthopedic services coupled with slowed production of orthopedic devices and implants due to extending factory closures in various countries is contributing to the markable decline in the market growth. The market is then expected to recover and grow at a CAGR of 3% from 2021 and reach $3.2 billion in 2023.
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The arthroscopy devices and equipment market consists of sales of arthroscopy devices and equipment and related services. Arthroscopy devices are used in arthroscopy procedures (a minimally invasive procedure) for the diagnosis and treatment of joint problems such as torn cartilage, ACL, and sports related injuries conducted on hip, knee, shoulder, spine, ankle, wrist, and elbow. The key products include arthroscopies, radiofrequency probes, and patient positioning systems, fluid management systems, cannula, hand instruments, fixation devices, and accessories.
Rise in product recalls is one of the restraints for the Arthroscopy Treatment Devices and Equipment market. Product recall is a process of retrieving all faulty and defective products that have been sold or are available in the market. When a company recalls a product from the market, the company baers all the cost of fixing the defective product and cost of replacement. This replacement cost for large number of products can go up to multi-million dollars, restraining the growth of the company and for the whole market as well. For example, in the year 2017, Windstone Medical Packaging recalled its cover light handle disposable gloves of AMS kits as the gloves contained splits and punctures holes.
Arthroscopy Devices And Equipment Market Segmentation: -
By Product
Arthroscopes
Arthroscopy Shavers
Arthroscopy Fluid Management System
Arthroscopy Radiofrequency System
Arthroscopy Visualization System
Arthroscopy Implants
By Application
Knee Arthroscopy
Hip Arthroscopy
Spine Arthroscopy
Foot & Ankle Arthroscopy
Shoulder & Elbow Arthroscopy
Others
By End User
Hospitals
Ambulatory Care
Trauma Centers
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Few Points From Table Of Content
1. Executive Summary
2. Arthroscopy Devices And Equipment Market Characteristics
3. Arthroscopy Devices And Equipment Market Size And Growth
4. Arthroscopy Devices And Equipment Market Segmentation
5. Arthroscopy Devices And Equipment Market Regional And Country Analysis
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25. Arthroscopy Devices And Equipment Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Arthroscopy Devices And Equipment Market
27. Arthroscopy Devices And Equipment Market Trends And Strategies
28. Arthroscopy Devices And Equipment Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the Arthroscopy Devices And Equipment Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the Arthroscopy Devices And Equipment Market are Arthrex, Inc., Smith & Nephew, ConMed Corporation, Stryker, Medtronic.
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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