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Global Arthroscopy Devices And Equipment Market Comprehensive Study: Forecasted Market Size And Growth Rate | Aesculap AG & Company, CorTek Endoscopy, Aurora Spine Corporation, Agilent Technologies Inc.
Arthroscopy Devices And Equipment Market Trends
The Business Research Company offers in-depth market insights through Arthroscopy Devices And Equipment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The arthroscopy devices and equipment market size has grown strongly in recent years. It will grow from $5.64 billion in 2023 to $6.05 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to orthopedic conditions prevalence, minimally invasive surgery, aging population, sports medicine.
The arthroscopy devices and equipment market size is expected to see strong growth in the next few years. It will grow to $7.95 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to emerging markets growth, regulatory support and reimbursement, telehealth and remote consultation, value-based healthcare. Major trends in the forecast period include augmented reality (ar) and virtual reality (vr), 3d imaging and printing, artificial intelligence (ai), sustainable practices.
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Market Segmentation:
The main products in the arthroscopy devices and equipment are arthroscopes, arthroscopy shavers, arthroscopy fluid management system, arthroscopy radiofrequency system, arthroscopy visualization system, and arthroscopy implants. Arthroscopes are to see inside the joint using a camera lens and a light. The arthroscopy devices and equipment provide applications in knee arthroscopy, hip arthroscopy, spine arthroscopy, foot and ankle arthroscopy, shoulder and elbow arthroscopy, and others. These are used by hospitals, ambulatory care, and trauma centers.
Major Driver - Growth In Older Population For Arthroscopy Devices And Equipment Market
The growth in the older population is expected to drive the arthroscopy devices and equipment market going forward. The older population is prone to a number of orthopedic disease conditions such as arthritis, rheumatoid arthritis, and osteoarthritis. As more people enter the older age group, there is a higher likelihood of conditions such as osteoarthritis and other joint ailments, which often necessitate arthroscopic procedures for diagnosis and treatment. For instance, in October 2022, according to the World Health Organization, a US-based specialized health agency, Globally, 1 in 6 individuals will be 60 or older by 2030, and by 2050, there will be a double number of individuals in this age group (2.1 billion). Therefore, the increasing older population is expected to drive the market during the forecast period.
Competitive Landscape:
Major companies operating in the arthroscopy devices and equipment market include Arthrex Inc., Smith & Nephew plc, ConMed Corporation, Stryker Corporation, Medtronic plc, Karl Storz SE & CO. KG, ArthroCare, Richard Wolf GmbH, DePuy Synthes Companies, Aesculap AG & Company, CorTek Endoscopy, Aurora Spine Corporation, Agilent Technologies Inc., Vimex SP. Z O. O, Cannuflow Inc., Wright Medical Group N.V., Zimmer Biomet Holdings Inc., GPC Medical Ltd., Breg Inc., Performance Health International Limited, Bauerfeind AG, Mueller Sports Medicine, RTI Surgical Holdings, Bioventus LLC, MedicalExpo, Outcare Medical Devices Pvt. Ltd.
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Top Trend - Innovations In Arthroscopy Devices And Equipment Market
Major companies operating in the arthroscopy devices and equipment market are innovating new technology, such as the LENS 4K surgical imaging system for 4KO (optimized) arthroscopes, to gain a competitive edge in the market. The LENS 4K surgical imaging system for 4KO (optimized) arthroscopes in arthroscopy devices and equipment is a surgical video innovation. For instance, in April 2021, Smith & Nephew plc, a UK-based medical equipment manufacturing company, launched 4K surgical imaging technology for 4KO (optimized) arthroscopes. 4K surgical imaging technology for 4KO (optimized) arthroscopes is a surgical video platform designed with improved visualization and image quality that is intended to expand the capabilities of arthroscopic and endoscopic procedures. These 4KO (optimized) arthroscopes are available in C-mount couplers or video arthroscopes with different ranges of diameters and lengths.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Arthroscopy Devices And Equipment Market Characteristics
3. Arthroscopy Devices And Equipment Market Trends And Strategies
4. Arthroscopy Devices And Equipment Market - Macro Economic Scenario
5. Arthroscopy Devices And Equipment Market Size And Growth
…..
27. Arthroscopy Devices And Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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