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Arthroscopic Shavers Market Trends That Will Shape the Next Decade: Insights from Innovative Wireless Single-Use Shaver System Enhances Patient Outcomes
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Arthroscopic Shavers Market Size By 2025?
In recent times, there's been substantial growth in the arthroscopic shavers market. Its size is projected to increase from $1.96 billion in 2024 to $2.09 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.7%. Factors such as increasing sport-related injuries, the aging population, advancements in healthcare infrastructure, patient inclination towards minimally invasive procedures as well as the expanding use of outpatient and ambulatory surgical centers have contributed to this historical growth.
How Big Is the Arthroscopic Shavers Market Size Expected to Grow by 2029?
The market for arthroscopic shavers is forecasted to experience robust growth in the following years, expected to reach $2.69 billion by 2029, maintaining a compound annual growth rate (CAGR) of 6.5%. Various contributing factors to the prospective growth during the forecast span consist of an aging demographic, improvements in healthcare infrastructure, rising trend for disposable and single-use surgical instruments, effective strategic alliances, and a growing demand for outpatient services. Key trends during the projection period entail the incorporation of robotics, precision medicine, progress in minimally invasive surgical techniques, the acceptance of single-use tools, and mobile arthroscopic shavers.
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Which Key Market Drivers Powering Arthroscopic Shavers Market Expansion and Growth?
The arthroscopic shaver market is anticipated to expand due to an increase in sports-related injuries. These injuries typically transpire during athletic activities or exercises, jeopardizing muscles, bones, and joints. The surge in sports-related injuries can be attributed to higher participation in athletics, elevated training approaches, and enhancements in sports gear that extend physical limits, collectively causing an upswing in athletes' injury rates worldwide. Arthroscopic shavers play a pivotal role in treating these growing injuries, as they effectively eliminate damaged tissue and mend joint structures through minimally invasive procedures. This aids in faster recovery and reduces athletes' idle time. For example, as per the National Safety Council, a non-profit public service organization based in the US advocating for health and safety, there was a 20% rise in incidents of sports and recreational injuries reported in 2021 compared to 2020, with a further 12% increase recorded in 2022. Thus, the escalating instances of sports-related injuries will fuel the growth of the arthroscopic shaver market.
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Which Fast-Growing Trends Are Poised to Disrupt the Arthroscopic Shavers Market?
Leading players in the arthroscopic shaver market are prioritizing technological upgrades, such as wireless single-use shaver systems, to boost surgical efficacy and amplify patient results. A wireless single-use arthroscopic shaver system is a throwaway, battery-operated surgical instrument, specifically tailored for less invasive joint operations. It provides the advantage of wireless usage, enhancing surgical productivity and curbing the risks of infections. For example, in January 2024, Integrated Endoscopy, a US-based producer of advanced, integrated and ergonomic endoscopic image systems for medical operations, collaborated with Frii Medical, a UK-based innovative medical device developer, to roll out a unique single-use shaver system worldwide. This state-of-the-art wireless shaver grants surgeons the autonomy to work without power cables, and incorporates a recurrent motor/battery module and charging station. Frii's system removes sterilization expenses, guaranteeing regular quality and notably downsizing the costs of conventional shaver systems.
What Are the Emerging Segments in the Arthroscopic Shavers Market?
The arthroscopic shavers market covered in this report is segmented -
1) By Product Type: Arthroscopic Shaver Systems, Arthroscopic Shaver Accessories
2) By Application: Knee Arthroscopy, Hip Arthroscopy, Shoulder And Elbow Arthroscopy, Spine Arthroscopy, Foot And Ankle Arthroscopy, Other Applications
3) By End User: Hospitals, Ambulatory Surgical Centers, Orthopedic Clinics
Subsegments:
1) By Arthroscopic Shaver Systems: Handheld Arthroscopic Shaver Systems, Powered Arthroscopic Shaver Systems, Electric Arthroscopic Shaver Systems
2) By Arthroscopic Shaver Accessories: Shaver Blades, Shaver Burrs, Shaver Sheaths, Shaver Drills, Shaver Motors
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Who Are the Global Leaders in the Arthroscopic Shavers Market?
Major companies operating in the arthroscopic shavers market are Johnson & Johnson Services Inc., Medtronic plc, Stryker Corporation, B. Braun Melsungen AG, Zimmer Biomet Holdings Inc., Olympus Corporation, Smith & Nephew plc, Arthrex Inc., DePuy Synthes Companies, KARL STORZ SE & Co. KG, CONMED Corporation, Wright Medical Group N.V., Bioventus, Richard Wolf GmbH, Breg Inc., Portescap, De Soutter Medical Limited, Sklar Surgical Instruments, GPC Medical Ltd., Ceterix Orthopaedics Inc, Cannuflow, Novetech Surgery, GENUINE MEDICA PVT. LTD., EndoMed Systems, OrthoSpace Ltd
Which are the Top Profitable Regional Markets for the Arthroscopic Shavers Industry?
North America was the largest region in the arthroscopic shavers market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the arthroscopic shavers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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