Arthroscopy is a minimally invasive surgical procedure performed by surgeons to visualize, diagnose and treat the joint related disease. The surgeon makes a small incision through which they insert the probe contain a small lens and lightening system to visualize the inside structure. The arthroscopic surgery is performed to treat the acute or chronic injury related to knee, shoulder, hip and wrist by avoiding post-surgery complications, infection and appears minimum scars at surgery site.
There are various applications of arthroscopy devices in knee, shoulder and hip implantation and among these knee implantation contributes the major market share followed by shoulder implantation supported by the increase in cases of knee and shoulder replacement surgery procedures worldwide due to increase in number of obese and aging population.
Among product types, the arthroscopy implants segment accounts for major market share and is expected to retain its dominance throughout the forecast period. This is mainly attributed to increasing number of knee, shoulder and hip implantation surgeries worldwide.
Market Dynamics
Rapid advancements in technology has led to increasing adoption of arthroscopy devices, in turn creating a highly conducive environment for growth of the market. It is expected that North America and Asia-Pacific region will show high growth rate during the forecast period, mainly due to increasing geriatric population and growing number of injuries necessitating knee and shoulder surgery.
The surgery is especially preferred by sportspersons, due to its low recovery time and minimally-invasive nature. Also, the growth is supported by increased rate of knee surgery. The leading cause behind increased rate of joint pain is overweight and aging population.
Market Taxonomy
This report segments the global arthroscopy devices market on the basis of product type, application, and geography. On the basis of product type, the market is categorized into arthroscopes, arthroscopy shavers, arthrosopy fluid management system, arthroscopy implants, arthroscopy radio frequency systems and arthroscopy visualization systems. On the basis of therapeutic application, the market is divided into knee implants, shoulder implants, hip implants and others. Among all therapeutic application, knee implants segment dominated the arthroscopy devices market, due to increase in knee implant surgery procedure rate around the globe.
Key features of the study:
- This report provides in-depth analysis of the arthroscopy devices market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR (%)) for the forecast period: 2017 – 2025, considering 2017 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
- It profiles leading players in the global arthroscopy devices market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies and future plans
- Key companies covered as a part of this study include Smith & Nephew, Olympus Inc., Karl Storz, Stryker Corporation, CONMED Corporation, Vimex Sp. z o.o. and DePuy Synthes Inc.
- Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launch, end user upgrades, market expansion, and marketing tactics
- The global arthroscopy devices market report caters to various stakeholders in this industry, including investors, device manufacturers, distributors and suppliers for arthroscopy devices, research and consulting firms, new entrants, and financial analysts
- Various strategy matrices used in analyzing the arthroscopy devices market would provide stakeholders vital inputs to make strategic decisions accordingly
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