Arthroscopy RF system market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)
Arthroscopy RF system market is expected to grow at a significant CAGR during the forecast period. Arthroscopy is a surgical procedure that allows orthopedic surgeons to see within a joint, detect problems, and treat them. An orthopedic surgeon uses a small incision in the patient's skin to insert pencil-sized equipment that includes a small lens and a lighting system to enlarge and highlight objects inside the joint during an arthroscopic inspection. Light is sent to the end of the arthroscope that is put into the joint through fiber optics.RF Arthroscopy systems are becoming popular for examining bone joints for problems such as osteoarthritis, rheumatoid arthritis, tendonitis, and bone tumors. The rise in the prevalence of musculoskeletal illnesses (osteoarthritis and rheumatoid arthritis) as a result of the rapidly aging population is the primary driver for the increase in the demand for arthroscopy treatment. Furthermore, the market is expected to grow due to an increase in the frequency of sports injuries where arthroscopy surgery might be used for the reconstruction of joints.
Participation in organized sports is on the rise, according to the US Centers for Disease Control and Prevention (CDC). Children aged 5 to 14 account for roughly 40% of all sports-related injuries treated in hospitals. In 2017, injuries resulting from engagement in sports and recreational activities accounted for 21% of all traumatic brain injuries among children in the US. These figures show an increase in the number of injuries that necessitate arthroscopy treatments, which is projected to drive the market.
Degenerative knee disease among the elderly is becoming more common as the geriatric population grows. According to the World Health Organization (WHO), approximately 25% of persons over the age of 50 suffer from degenerative knee disease, which causes knee discomfort. The pain is debilitating, and a knee replacement treatment is frequently the last and only option for relief. The demand for knee arthroscopy is gaining significance due to the rising prevalence of sports injuries, particularly those sustained in contact sports. Thus, the bipolar arthroscopy RF system segment is expected to witness significant growth due to rising incidences of degenerative knee disease during the forecast period, as it reduces scarring and infection after surgery.
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Market Coverage
The market number available for - 2022-2029
Base year- 2022
Forecast period- 2023-2029
Segment Covered-
By Type - Monopolar and Bipolar
By Application - Knee Arthroscopy, Hip Arthroscopy, Spine Arthroscopy, Foot and Ankle Arthroscopy, Shoulder and Elbow Arthroscopy, and Other Arthroscopy Applications
By End User - Hospitals, Ambulatory Surgery Centers and Clinics
Competitive Landscape: Smith and Nephew plc, Arthrex, Inc., Stryker Corp., Johnson and Johnson, and Conmed Corp.
Arthroscopy RF System Market Report
By Type
Monopolar
Bipolar
By Application
Knee Arthroscopy
Hip Arthroscopy
Spine Arthroscopy
Foot and Ankle Arthroscopy
Shoulder and Elbow Arthroscopy
Other Arthroscopy Applications
By End-User
Hospitals
Ambulatory Surgery Centers
Clinics
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Regional Analysis
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East & Africa
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