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Growth In Older Population For Arthroscopy Devices And Equipment Market Driving Market Acceleration in the Arthroscopy Devices And Equipment Industry, 2025
Growth In Older Population For Arthroscopy Devices And Equipment Market Driving Market Acceleration in the Arthroscopy Devices And Equipment Industry, 2025Use 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 Arthroscopy Devices And Equipment Market Size By 2025?
The market for arthroscopy devices and equipment has significantly expanded in the past few years. The market value is projected to increase from $5.69 billion in 2024 to $6.07 billion in 2025, representing a compound annual growth rate (CAGR) of 6.8%. Factors such as the prevalence of orthopedic conditions, the rise of minimally invasive surgery, an aging demographic, and advancements in sports medicine have contributed to the growth experienced in the historic period.
How Big Is the Arthroscopy Devices And Equipment Market Size Expected to Grow by 2029?
Anticipating a robust expansion in the coming years, the market size of arthroscopy devices and equipment is projected to reach $8.4 billion by 2029, growing at a compound annual growth rate (CAGR) of 8.4%. This predicted growth within the forecast period can be associated with factors like the upswing of emerging markets, regulatory backing, reimbursement provisions, advancements in telehealth, and the emphasis on value-based healthcare. The forecast period is also expected to see major trends such as utilization of augmented reality (AR) and virtual reality (VR), applications of 3D imaging and printing, artificial intelligence (AI) advancements, and the adoption of sustainable practices.
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Which Key Market Drivers Powering Arthroscopy Devices And Equipment Market Expansion and Growth?
The surge in the population of older individuals is anticipated to propel the arthroscopy devices and equipment market in the coming times. Elderly individuals are susceptible to several orthopedic ailments like arthritis, rheumatoid arthritis, and osteoarthritis. As the number of individuals entering this age bracket increases, conditions like osteoarthritis and other joint diseases become highly probable, often requiring arthroscopic operations for diagnosis and therapy. For instance, the World Health Organization, a specialized health agency based in the US, stated in October 2022 that globally, by 2030, one out of every six individuals will be aged 60 or above, and this figure is expected to double (2.1 billion people) by 2050. Hence, the escalating older population is projected to push the market in the forecast period.
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Which Fast-Growing Trends Are Poised to Disrupt the Arthroscopy Devices And Equipment Market?
Leading firms in the arthroscopy devices and equipment market are making strides to innovate and create advanced tools such as the Single-Use, 4K, Battery Operated Cordless Arthroscope. The objective is to augment surgical accuracy, elevate patient outcomes, lessen infection risks and ensure enhanced flexibility and ease during less invasive operations. A Single-Use, 4K, Battery Operated Cordless Arthroscope is a healthcare instrument utilized in minimally invasive joint surgical procedures to offer surgeons high-definition, live imaging. An example is the November 2022 launch of the Gen II NUVIS Single-Use, 4K, Battery Operated Cordless Arthroscope by Integrated Endoscopy, a US firm specializing in medical device manufacturing. This introduction heralds a substantial leap in arthroscopic surgical technology, aiming to overcome the shortcomings of conventional reusable arthroscopes by providing improved imaging quality and operational efficiency.
What Are the Emerging Segments in the Arthroscopy Devices And Equipment Market?
The arthroscopy devices and equipment market covered in this report is segmented -
1) By Product: Arthroscopes, Arthroscopy Shavers, Arthroscopy Fluid Management System, Arthroscopy Radiofrequency System, Arthroscopy Visualization System, Arthroscopy Implants
2) By Application: Knee Arthroscopy, Hip Arthroscopy, Spine Arthroscopy, Foot & Ankle Arthroscopy, Shoulder & Elbow Arthroscopy, Other Applications
3) By End User: Hospitals, Ambulatory Care, Trauma Centers
Subsegments:
1) By Arthroscopes: Rigid Arthroscopes, Flexible Arthroscopes
2) By Arthroscopy Shavers: Electric Arthroscopy Shavers, Pneumatic Arthroscopy Shavers
3) By Arthroscopy Fluid Management System: Gravity-Based Fluid Management Systems, Pump-Based Fluid Management Systems
4) By Arthroscopy Radiofrequency System: Monopolar Radiofrequency Systems, Bipolar Radiofrequency Systems
5) By Arthroscopy Visualization System: Video Arthroscopy Systems, High-Definition Visualization Systems
6) By Arthroscopy Implants: Knee Arthroscopy Implants, Shoulder Arthroscopy Implants, Hip Arthroscopy Implants
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Who Are the Global Leaders in the Arthroscopy Devices And Equipment Market?
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.
Which are the Top Profitable Regional Markets for the Arthroscopy Devices And Equipment Industry?
North America was the largest region in global arthroscopy devices and equipment market in 2023. Western Europe was the second-largest region in global arthroscopy devices and equipment market. The regions covered in the arthroscopy devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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