Arthroscopy Devices Market Is Thriving Worldwide, Business Status and Opportunities in Grooming Regions : Edition 2020-2025

Arthroscopy devices are used to examine the bone joints for specific conditions, such as osteoarthritis, rheumatoid arthritis, tendinitis, and bone tumor. The increase in the prevalence of musculoskeletal disorders due to the rapidly aging population is the prime factor driving the demand for arthroscopy procedures.

Market Overview

Europe Arthroscopy Devices Market is expected to witness a CAGR of 5.4% during the forecast period. Certain factors that are driving the market growth include increasing incidences of sports injuries, rising geriatric population, and technological advancements in arthroscopic implants.

Fractures, strains, sprains, and dislocations are the most common sports injuries. The usual self-treatment recommended for these injuries includes rest, ice, compression, and elevation (RICE). For serious injuries that need more attention, an arthroscopy could be recommended, depending on the situation. Injuries can occur in various places and can be of various types. Some of the common injuries include shoulder, hip, knee, elbow, wrist, or ankle injuries; cartilage tears or ligament injuries; inflammation of the lining of the joints; removal of loose fragments of bone or cartilage that become lodged in a joint; and osteoarthritis caused by cartilage loss in a joint. Some of these may require arthroscopic surgery, as it is helpful in their diagnosis and treatment.

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Top Leading Manufactures-

Arthrex Inc., Conmed Corporation, Johnson & Johnson, Karl Storz GmbH & Co. KG, Medtronic Plc., Richard Wolf GmbH, Smith & Nephew Plc, Stryker Corporation

Key Market Trends

Knee Arthroscopy is Expected to Hold Significant Market Share

Due to an increase in the geriatric population in Europe, degenerative knee disease is largely increasing in prevalence. According to the WHO, Across the EU Member States, diagnosed knee disorders including osteoarthritis prevalence varies from 2.8% in Romania to 18.3% in Hungary. The pain is impairing in nature, and often, a knee replacement procedure is the final and only resort to alleviate pain. Arthroscopic knee surgery for degenerative knee disease is the most common orthopaedic procedure in Europen countries. The demand for knee arthroscopy is increasing in the region, due to the increasing prevalence of sports injuries, particularly those acquired in contact sports.

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Competitive Landscape

The Europe Arthroscopy Devices market is highly competitive and consists of a number of major players. Companies like Arthrex Inc., Conmed Corporation, Johnson & Johnson (DePuy Synthes), Karl Storz GmbH & Co. KG, Medtronic Plc., Richard Wolf GmbH, Smith & Nephew Plc, Stryker Corporation, among others, hold the substantial market share in the Arthroscopy Devices market.

What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Global Arthroscopy Devices Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

The research includes historic data from 2014 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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