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Arthroscopy Procedures and Products Market Share Expand To US$ 8,621.3 Million By Top Manufacturers, Latest Technologies, Segments Overview, Future Trends, Growth Opportunity and Forthcoming Developments

August 9th, 2021 Coherent Market Insights Releases

Overview

Arthroscopy is a minimally invasive technique used to diagnose and treat disorders and disorders like arthritis, swollen hip, carpal tunnel syndrome, broken cartilage, and lose bone and cartilage pieces. A computer used in arthroscopy procedures is an arthroscopy. It is a fiber-optic video camera that requires a high-definition video viewer to see within the joint. The system may help determine the seriousness of an accident or the type of injury.

Statistics

By the end of 2027, the global arthroscopy procedures and products market is expected to be worth US$ 8,621.3 million.

Get FREE Sample PDF Including COVID-19 Impact Analysis: https://www.coherentmarketinsights.com/insight/request-pdf/3137

Drivers

Over the forecast period, the global arthroscopy procedures and products market is expected to rise due to that acceptance of minimally invasive procedures. As per Coherent Market Insights, the global market for minimally invasive surgical instruments is projected to exceed US$ 30 billion by 2018. Arthroscopy allows for a quick recovery and a high success rate, all while reducing recovery time and trauma.

The demand is also expected to increase as the number of sports-related deaths and injuries rises. As per the National High School Sports-Related Injury Surveillance Study 2017-2018, there were 1,367,490 sports-related injury incidents reported in high schools across the U.S. The anterior cruciate ligament (ACL) is a severe injury that can be treated by arthroscopy in professional sports.

In terms of production, North America dominated the global arthroscopy procedures and products market in 2018, contributing about 54.7 percent of the overall market share, led by Europe.

Restraints

Although, owing to extravasation of irrigating fluids and significant swelling around the chest, back, face, and throat, and often extending into the oral cavity, shoulder arthroscopy procedures are subject to airway complications. The implementation of arthroscopy procedures is likely to be hampered as a result of this.

Furthermore, the high cost of arthroscopy procedures and products is likely to stifle growth of the global arthroscopy procedures and products market. Inpatient arthroscopic knee surgery costs an average of US$ 21,990, while outpatient arthroscopic knee surgery costs an average of US$ 12,550.

Buy Now with Discount for Premium Report 2021: https://www.coherentmarketinsights.com/promo/buynow/3137

Opportunities

In the U.S., pricing constraints and a changing healthcare system have forced providers to lower costs. As a result, profit margins have been squeezed. Hence, market participants will concentrate on pursuing M&A strategies to extend their footprint in Asia Pacific, the Middle East and Africa, and Latin America’s developing markets.

Increased growth in the sports medicine market is anticipated to provide market participants with attractive growth opportunities. In January 2020, Andrews Sports Medicine & Orthopedic Center will open a clinic in Cullman, Alabama.

The Arthroscopic Implants segment of the global arthroscopy procedures and products market was worth US$ 3,486.0 million in 2018, and is projected to develop at a CAGR of 5.7 percent to US$ 5,858.3 million by 2027.

Key Takeaways

The demand for the global arthroscopy procedures and products market is expected to rise due to rising acceptance of arthroscopy procedures for meniscus care. Around the femur and the tibia are semi-lunar shock-absorbing cartilages called menisci. The most popular arthroscopic treatment is meniscal surgery of the knee.

The market’s major players are concentrating on growing their firms. Excel Orthopedic Physical Therapy has opened a new clinic in Berkeley Heights, Union County, to offer orthopedic physical therapy.

View Press Release For More Information @ https://www.coherentmarketinsights.com/press-release/arthroscopy-procedures-and-products-market-to-surpass-us-86213-million-by-2027-2539

Competitive Landscape

Key companies contributing in the global arthroscopy procedures and products market are Johnson & Johnson, CONMED Corporation, Arthrex, Inc., Stryker Corporation, Richard Wolf GmbH, Olympus Corporation, and KARL STORZ GmbH & Co. KG.

The market’s key players are concentrating on marketing campaigns to increase their market share. Anika Therapeutics, Inc. announced plans to present its osteoarthritis pain relief and joint preservation and regeneration regenerative therapies at the International Society for Hip Arthroscopy (ISHA) Annual Scientific Meeting on October 17-19, 2019 in Madrid, Spain.

The major industry players are concentrating on extending their product portfolio. In July 2019, Smith & Nephew released the findings of the world’s first prospective clinical trial evaluating the feasibility of restoring HCTs (Horizontal Cleavage Tears) with the NOVOSTITCH Meniscal Repair System.

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having an office at global financial capital in the U.S. and sales consultants in the United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies to not-for-profit organizations, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

To know more about us, please visit our website – www.coherentmarketinsights.com

Contact:

Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

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