Arthroscopy Procedures and Products Market See Incredible Growth 2021-2028 | Arthrex, Inc., CONMED Corporation, Johnson & Johnson, KARL STORZ GmbH & Co

Overview

Arthroscopic and imaging devices, arthroscopic resection systems, arthroscopic fluid control systems, arthroscopic implants, and arthroscopy RF systems are all examples of arthroscopy products that are included in procedures including small joint arthroscopy, shoulder arthroscopy, elbow arthroscopy, knee arthroscopy, and hip arthroscopy.

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Statistics

By the end of 2019, the global arthroscopy procedures and products market is expected to be worth US$ 5,661.4 million.

Drivers

Over the forecast period, the global arthroscopy procedures and products market is expected to rise due to an increase in the occurrence of osteoarthritis. Osteoarthritis affects 13.9 percent of adults and 33.6 percent of people over 65 in the U.S. each year, as per the Centers for Disease Control and Prevention (CDC). Obesity is a major risk factor for knee osteoarthritis, with a threefold rise in the risk.
Opportunities

Market players should expect attractive growth prospects as the all-arthroscopic Latarjet (aL) treatment for the management of chronic shoulder instability becomes more common. Researchers from Villa Maria Cecilia Hospital and Campus Bio-Medico University in Italy announced in September 2019 that the arthroscopic Latarjet treatment could be used to treat chronic knee pain.
Restraints

Following knee arthroscopy for meniscal surgery and/or anterior cruciate ligament (ACL) repair, quadriceps neuromuscular function remains compromised in the short and long term. This is expected to slow the introduction of arthroscopy procedures, limiting the market's expansion
Key Takeaways

The Arthroscopic Implants segment of the global arthroscopy procedures and products market was worth US$ 3,486.0 million in 2018, and is projected to develop at a CAGR of 5.7 percent to US$ 5,858.3 million by 2027. The segment's rise can be due to an increase in the number of patients as well as increased research and development.

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Market Trends

The demand is expected to expand as expenditure on arthroscopy increases. In November 2018, a group of AngelMD investors announced the completion of a syndicate funding round for Indago as part of the company's US$ 5.5 million Series A funding round for the production of ArthroFree – an endoscopic camera that removes wires and the risks and inefficiencies that come with them.

In the global arthroscopy procedures and products market, arthroscopy for shoulder stabilization is also a new development. At the AOSSM’s (American Orthopedic Society for Sports Medicine) Annual Meeting in San Diego in July 2018, patients with shoulder instability between the ages of 14 and 20 who underwent arthroscopic anterior stabilization in the beach chair position by a single surgeon were presented by researchers from the Hospital for Special Surgery in New York City. As per the research, the treatment can help young athletes with shoulder instability as it has a low rate of revision and a high rate of return to sport.

Competitive Landscape

Key companies contributing in the global arthroscopy procedures and products market are Johnson & Johnson, CONMED Corporation, Arthrex, Inc., Stryker Corporation, Richard Wolf GmbH, Olympus Corporation, and KARL STORZ GmbH & Co. KG.

Key Developments

Growing arthroscopy research and development to help the market expand. According to a report published in the Journal of Arthroscopic and Related Surgery in September 2019, diagnostic arthroscopy can be a valuable diagnostic technique in patients who have a fear of periprosthetic shoulder infection but no direct evidence of infection, and it may have a high sensitivity and specificity.

Routine pre-operative fascia iliaca block for elective hip arthroscopic labral reconstruction and treatment of femoroacetabular impingement is not recommended, according to researchers from Colorado Springs Orthopedic Community.

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