Shoulder Arthroscopy Market Size (USD 712.12 million by 2032) Achieves Record-breaking Growth in Meeting Healthcare Requirements

Allied Market Research published a report, titled, "Shoulder Arthroscopy Market by Product Type (Arthroscopes, Power Shaver Systems, Shoulder Arthroscopic Implants, Arthroscopic Systems, and Others), Indication (Rotator Cuff Tears, Shoulder Instability or Dislocation, Frozen Shoulder, Shoulder Impingement Syndrome, and Others), and End User (Hospitals, Ambulatory Surgical Centers, Other): Global Opportunity Analysis and Industry Forecast, 2023-2032′′. The shoulder arthroscopy market was valued at $432.46 million in 2022 and is estimated to reach $712.12 million by 2032, exhibiting a CAGR of 5.1% from 2023 to 2032.

Top Companies Of Shoulder Arthroscopy Market

• Arthrex, Inc.
• Biotek
• Stryker Corporation.
• Conmed Corporation
• Osteocare Medical Pvt Ltd.
• SironixMedtech
• Star Sports Medicine Co., Ltd.
• GPC Medical Ltd.
• Johnson & Johnson
• Karl Storz GmbH and Co. Kg

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Prime determinants of growth

The global shoulder arthroscopy market is experiencing growth due to several key factors. People are increasingly seeking minimally invasive procedures due to the advantages of less discomfort, faster recovery, and shorter hospital stays, which increases the demand for shoulder arthroscopy procedures. In addition, the precision, efficacy, and safety of shoulder arthroscopic procedures have been improved through ongoing technological developments in arthroscopy equipment, increasing its appeal to patients and healthcare professionals. These developments, which include enhanced instrumentation, cutting-edge surgical techniques, and high-definition imaging systems, allow surgeons to carry out difficult procedures more precisely and easily. This increases the demand for enhanced instrumentation and propels the growth of the market.

The shoulder arthroscopic implants segment to maintain its leadership status throughout the forecast period

Based on product type, the shoulder arthroscopic implants segment held the highest market share in 2022, accounting for more than one-third of the global shoulder arthroscopy market revenue. The key drivers for the growth of the segment include the rise in adoption of arthroscopic procedures for shoulder injury treatment.

On the other hand, the arthroscopes segment is anticipated to be the fastest growing segment during the forecast period. This growth is mainly attributed to the advancements that take place in arthroscopes to improve the imaging quality during arthroscopy procedure.

The rotator cuff tears segment to maintain its lead position during the forecast period

Based on indication, the rotator cuff tears segment accounted for the largest share in 2022, accounting for more than one-fourth of the global shoulder arthroscopy market revenue. The segment growth was attributed to high prevalence of rotator cuff tears around the globe and adoption of arthroscopic procedure for its treatment.

On the other hand, the shoulder impingement syndrome segment is anticipated to be the fastest growing segment during the forecast period, owing to the increase in number of shoulder injuries related to sports.

The hospitals segment to maintain its lead position during the forecast period

Based on end user, the hospitals segment dominated the market in terms of revenue in 2022, accounting for more than two-fifths of the global market. This growth is attributed to the rise in number of hospitals offering arthroscopy services and people's preference towards hospitals for shoulder arthroscopy owing to well established and high-quality instruments used in hospitals.

On the other hand, the ambulatory surgical centers segment is anticipated to be the fastest growing segment during the forecast period. The growth is attributed to the rise in number of ambulatory surgical centers in the developed countries and increase in awareness among population regarding advantages of ACS.

North America to maintain its dominance by 2032

North America dominated the market in 2022, accounting for nearly two-fifths share of the global market, owing to the well-established healthcare infrastructure and availability of highly advanced medical facilities in this region.

On the other hand, Asia-Pacific is anticipated to be the fastest growing segment during the forecast period, which is attributed to rise in healthcare expenditure, and developing healthcare infrastructure. In addition, healthcare providers are gaining awareness regarding new technologies for arthroscopy, which is expected to increase the adoption of these instruments in the Asia-Pacific region.

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Our Market Research Solution Provides You Answer to Below Mentioned Question:

Which are the driving factors responsible for the growth of market?
Which are the roadblock factors of this market?
What are the new opportunities, by which market will grow in coming years?
What are the trends of this market?
Which are main factors responsible for new product launch?
How big is the global & regional market in terms of revenue, sales and production?
How far will the market grow in forecast period in terms of revenue, sales and production?
Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
Which region has more opportunities?

By Region Outlook

North America
(U.S., Canada, Mexico)
Europe
(Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific
(Japan, China, India, Rest of Asia-Pacific)
LAMEA
(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

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Nikhil Algoudar
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nikhil.algoudar@alliedanalytics.com

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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