Arthroscopy Devices Market Trends, Growth Factors, and Key Players | Forecast 2024-2031

Report Overview
The Arthroscopy Devices Market is expected to grow at a CAGR of 9% during the forecast period 2024-2031

Arthroscopy is a procedure utilized for the diagnosis and treatment of joint issues. In this process, the surgeon employs arthroscopic instruments to introduce a slim tube, which is connected to a fiber-optic video camera, into the joint through a minor incision that's roughly the size of a buttonhole. The internal view of the patient's joint is then projected onto a high-definition video screen.

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Arthroscopy Devices Market Trends
The escalating prevalence of musculoskeletal diseases globally is a significant factor propelling the market growth.

Musculoskeletal disorders are the leading cause of disability worldwide, with low back pain being the predominant cause of disability in 160 countries. As per the World Health Organization (WHO), in July 2022, approximately 1.71 billion people globally were affected by musculoskeletal conditions. The rapidly increasing number of individuals living with musculoskeletal conditions and the associated functional limitations can be attributed to population growth and aging.

Moreover, rehabilitation has proven effective in reducing pain, enhancing muscle strength, and improving physical mobility and functional capacity in individuals with musculoskeletal disorders. Additionally, rehabilitation plays a pivotal role in decreasing hospitalization and healthcare costs. As per a report from the WHO, rehabilitation is a vital health resource available to the entire population and is integral to achieving universal health coverage.

The substantial burden of musculoskeletal disorders and their health outcomes necessitates increased efforts to appropriately provide rehabilitation services. The prevalence of musculoskeletal conditions increases with age, and they also affect younger individuals, often during their prime income-earning years.

Furthermore, musculoskeletal disorders pose a significant occupational health issue among healthcare workers, with a particularly high prevalence among nurses. The growing number of patients with musculoskeletal conditions fuels the global demand for arthroscopy devices.

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Market Segmentation

By Product Type
Arthroscopic Implants
Arthroscopes
Arthroscopy Instruments and Accessories
Arthroscopy Fluid Management Devices
Arthroscopy Radiofrequency Devices
Arthroscopy Shaves
Arthroscopy Visualization Devices

By Application
Knee Arthroscopy
Shoulder Arthroscopy
Hip Arthroscopy
Foot & Ankle Arthroscopy
Others

By End User
Hospitals
Ambulatory Surgical Centers

Arthroscopy Devises Market Key Players
Major players are Arthrex, Stryker Corporation, Conmed, DePuy Synthes, Smith & Nephew, Karl Storz GmbH & Co.KG, Olympus America Inc., Vimax Sp. Z.o.o., Wright Medical Group N.V and Richard Wolf GmbH.

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