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Key Trends Reshaping the Arthroscopy Devices And Equipment Market: Single-Use 4K Cordless Arthroscopes Revolutionize Minimally Invasive Surgery Industry Transformation
Arthroscopy Devices And Equipment Market
Arthroscopy Devices And Equipment Market Size Growth Forecast: What to Expect by 2025?
The market for arthroscopy devices and equipment has seen substantial growth recently. The market value is set to increase from $5.83 billion in 2024 to $6.23 billion in 2025, with a compound annual growth rate (CAGR) of 6.7%. The factors driving this growth during the historical period can be linked to the prevalence of orthopedic conditions, the rise of minimally invasive surgery, an aging population, and advancements in sports medicine.
How Will the Arthroscopy Devices And Equipment Market Size Evolve and Grow by 2029?
We anticipate robust expansion in the arthroscopy devices and equipment market size in the upcoming years. It's projected to amplify to $8.42 billion by 2029, with a compound annual growth rate (CAGR) of 7.8%. Factors contributing to this predicted growth within the forecast period are attributed to the development of emerging markets, regulatory support and reimbursements, telehealth and remote consultations, as well as value-based healthcare. Key trends to look out for during this forecast period encompass augmented reality (ar), virtual reality (vr), 3D imaging and printing, artificial intelligence (ai), and sustainable practices.
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What Drivers Are Propelling the Growth of Arthroscopy Devices And Equipment Market Forward?
The escalation in the aging population is projected to propel the arthroscopy devices and equipment market in the future. Elderly people are susceptible to various orthopedic diseases such as arthritis, rheumatoid arthritis, and osteoarthritis. As the age group increases, the chances of conditions like osteoarthritis and other joint issues increase, which frequently require arthroscopic procedures for diagnosis and treatment. For example, the World Health Organization, a specialized health agency based in the US, reported in October 2022 that globally, by 2030, 1 out of every 6 people will be 60 or older, and by 2050, the number of people in this age category will double to 2.1 billion. Consequently, the growing aging population is anticipated to boost the market during the forecast period.
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What Trends Will Shape the Arthroscopy Devices And Equipment Market Through 2029 and Beyond?
Major businesses in the arthroscopy devices and equipment market are prioritizing the creation of innovative tools like Single-Use, 4K, Battery Operated Cordless Arthroscope. These advances help increase surgical accuracy, better patient results, lower infection risks, and provide more flexibility and ease in minimally invasive procedures. A Single-Use, 4K, Battery Operated Cordless Arthroscope is a medical instrument for minimally invasive joint surgeries, offering high-definition, real-time imagery for surgeons. For example, in November 2022, Integrated Endoscopy, a U.S. company that produces medical devices, launched the Gen II NUVIS Single-Use, 4K, Battery Operated Cordless Arthroscope. This marked a significant progression in arthroscopic surgical technology. This groundbreaking device aims to overcome the restrictions of conventional reusable arthroscopes by improving image quality and operational effectiveness.
What Are the Key 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 Key Players Shaping the Arthroscopy Devices And Equipment Market's 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.
What Geographic Markets Are Powering Growth in the Arthroscopy Devices And Equipment Market?
North America was the largest region in global arthroscopy devices and equipment market in 2024. 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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