The global arthroscopy devices market exhibited moderate growth during 2015-2020.
Arthroscopy devices refer to various medical equipment and tools that are used to visualize, examine and conduct therapeutic interventions inside various joints of the body. They are primarily used for the treatment of medical conditions, such as osteoarthritis, rheumatoid arthritis, tendonitis and bone tumor. Some of the commonly used devices during arthroscopy include arthroscope, implants, fluid management systems, radiofrequency systems, visualization systems, etc. These devices are usually attached with a small lens and are inserted into the patient’s body to examine the structures and abnormalities inside the joints. These devices find extensive application in the arthroscopy of the knee, hip, spine, ankle, shoulder, elbow, wrist and jaw.
The increasing prevalence of bone-related and musculoskeletal disorders is one of the key factors driving the growth of the market. Furthermore, the rising geriatric population across the globe that is more susceptible to such ailments is also providing a boost to the market growth. There is an increasing preference for minimally invasive (MI) treatment procedures among the masses, which has led to the rising adoption of arthroscopy devices. Additionally, various innovations in the field of sports medicine and the development of technologically advanced product variants are also creating a positive outlook for the market. Product manufacturers are developing advanced arthroscopic devices to improve visualization with high-definition (HD) cameras, superior suturing techniques and customized suturing materials. Other factors, including rising health consciousness and awareness regarding the available treatment alternatives, along with the improving healthcare infrastructure, are projected to drive the market further. Looking forward, the analyst expects the global arthroscopy devices market to grow at a CAGR of 6.8% during 2021-2026.
Breakup by Device Type: Arthroscope Arthroscopic Implant Fluid Management System Radiofrequency System Visualization System Others
Breakup by Arthroscopy Type: Knee Arthroscopy Hip Arthroscopy Spine Arthroscopy Shoulder and Elbow Arthroscopy Foot and Ankle Arthroscopy Others
Breakup by End-User: Hospitals Ambulatory Surgical Centers Orthopedic Clinics Others
Breakup by Region: North America United States Canada Asia Pacific China Japan India South Korea Australia Indonesia Others Europe Germany France United Kingdom Italy Spain Russia Others Latin America Brazil Mexico Others Middle East and Africa
Competitive Landscape: The report has also analysed the competitive landscape of the market with some of the key players being Arthrex Inc., CONMED Corporation, Johnson & Johnson Services Inc, Karl Storz SE & Co. KG, Medtronic Inc., Richard Wolf GmbH, Smith & Nephew plc, Stryker Corporation, Vimex Sp. z o.o., Zimmer Biomet Holdings Inc., etc.
Key Questions Answered in This Report: How has the global arthroscopy devices market performed so far and how will it perform in the coming years? What are the key regional markets? What has been the impact of COVID-19 on the global arthroscopy devices market? What is the breakup of the market based on the device type? What is the breakup of the market based on the arthroscopy type? What is the breakup of the market based on the end-user? What arae the various stages in the value chain of the industry? What are the key driving factors and challenges in the industry? What is the structure of the global arthroscopy devices market and who are the key players? What is the degree of competition in the industry?
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