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.
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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.
High
cases of joint replacement surgery is leading the growth of
arthroscopy devices market in North America
Increasing
incidence of joint replacement in North America is providing
opportunity for the growth of arthroscopy devices market. According
to Canadian Institute for Health Information (CIHI), around 113,000
knee and hip surgeries are performed in Canada annually. According to
the same source, during the period 2009 to 2015, knee replacement
surgery and hip replacements surgery increased by 20.3% and 20%
respectively. According to Centers for Disease Control and Prevention
(CDC), in the U.S. during 2013-2015 nearly 54.4million adults were
diagnosed with arthritis and it is expected to reach 78.4million by
2040. These instances will increase the sale of arthroscopy devices
in the near future.
The
global arthroscopy devices market was valued at US$ 3,910.7 million
in 2016 and is expected to witness a robust CAGR of 5.4% during the
forecast period (2017 – 2025).
Competitive
Landscape
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.
Detailed
Segmentation:
Global
Arthroscopy Devices Market, By Product Type:
-
Arthroscopes
-
Arthroscopy Shavers
-
Arthroscopy Fluid Management System
-
Arthroscopy Implants
-
Arthroscopy Radio Frequency Systems
-
Arthroscopy Visualization Systems
Global
Arthroscopy Devices Market, By Therapeutic Application:
-
Knee Implants
-
Shoulder Implants
-
Hip Implants
-
Others
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