Arthroscopy Devices Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023

Arthroscopy is a specific examination of inside structures of a joint. The process of arthroscopy includes insertion of a specifically designed illuminated device into joint through small incision. This procedure is primarily associated with diagnosis process. Arthroscopy is an instrument which consists of magnifying lenses and glass coated fibres, enables send concentrated lights into the joint and a camera is attached to arthroscopy device. This allows the surgeon to have a clear view of joint, thus obtained image is transferred to the monitor during arthroscopy in operating room.

Arthroscopic devices are one of the emerging and attractive industry in medical devices sector. In recent times orthopaedics field has seen major private equity transactions, several mergers and innovation of new products which is the major factor expected fuel the growth of arthroscopy devices market. As people are becoming more conscious about their health, they are preferring high layout of quality orthopaedic treatments, growing ageing population, rising technological advancements in medical and healthcare sector, increase in usage of robotics are few factors which are fuelling the growth of arthroscopy devices market. In addition, greater precision to perform surgeries of highly sensitive areas like spine, minimal post-operative complications, rise in obese patients causing degradation of bone are few factors which are expected to witness the growth of arthroscopy devices market. However, lack of skilled professionals and high cost of arthroscopic devices expected to dampen the arthroscopy devices market.

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Arthroscopy devices market is segmented on basis of product type, application, and end user and geographical regions.

Based on the type of product, the global arthroscopy devices market is segmented
• Arthroscopes
• Arthroscopic implants
• Other instruments and accessories

Based on the application, the global arthroscopy devices market is segmented
• Knee
• Spine
• Foot and ankle
• Hips
• Shoulder and elbow

Based on the end user, the global arthroscopy devices market is segmented
• Hospitals
• Orthopaedic clinics
• Others

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Favourable government initiatives and increased medical tourism are expected to witness the growth of arthroscopy devices market. Several innovations in arthroscopy devices such as development of HD and ultra HD arthroscopic visualization systems has improved the visualization of anatomy of patient, growing technologies in arthroscopic implants are further expected to fuel the demand of arthroscopy devices market. For example, in 2016 September, Vanguard total knee arthoplasty implant was launched by Zimmer Biomet and in 2016 February, Smith & Nephew and OrthAlign has entered into a multi country distribution agreement for the distribution of total knee arthoplasty technology in various countries of the Middle East and Africa.

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The global arthroscopy devices Market is segmented into North America, Asia-Pacific, Europe, Middle East & Africa, and Latin America. North America expected to dominate the global arthroscopy devices market. Asia pacific is anticipated to show highest growth over the forecast period owing to rise in sports as career, growing disposable income, improved healthcare funding and large pool of population. Due to the rise in medical tourism, growing awareness regarding usage and benefits of arthroscopy devices, increase in investments of the healthcare manufacturers are expected to fuel the growth of arthroscopy devices market in Brazil, Saudi Arabia and South Africa.

The key players that operate in the global arthroscopy devices market include Conmed Corporation (U.S), Arthrex, Inc. (U.S), KARL STORZ GmbH & Co. KG (Germany), Johnson & Johnson (U.S), Medtronic, Plc (U.S), Smith & Nephew, Inc.(U.S), Richard Wolf GmbH (Germany), Stryker Corporation (U.S), Zimmer Biomet Holdings, Inc. (U.S)., Wright Medical Group N.V.(U.S) to name some few.

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