Arthroscopy Devices Market
Overview:
Arthroscopy is a procedure that diagnose and treats the internal parts of the body, and the devices that are used during this procedure are called as arthroscopy devices. The procedure is minimally invasive and involves inserting a small probe through an incision. Arthroscopy is primarily used for diagnosis of inner body structure. Surgical arthroscopy uses these devices in surgical procedures. Arthroscopy devices comprise motorized instruments, mechanical instruments, electrosurgical instruments, and special instruments such as punches, probes, lasers, shavers, electrocautery electrodes, meniscus repair sets, and ACL sets.
The global arthroscopy devices market was valued at US$ 4,310.3 million in 2018, and is expected to witness a CAGR of 6.0% over the forecast period (2019 – 2027).
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Drivers:
Growing geriatric population with rising joint and knee related problems is expected to propel growth of the global arthroscopy devices market during the forecast period. For instance, in 2014, as per the Australian Commission on Safety and Quality in Health Care, 33,682 patients in the age group of 55 years and above had knee arthroscopy.
Moreover, rising demand for joint replacement procedure in North America is expected to boost growth of the arthroscopy devices market. For instance, in June 2019, as per the Canadian Institute for Health Information (CIHI) ,Canada witnessed nearly 130,000 hip and knee surgeries, and during 2009 to 2015, the rate of knee and hip replacement surgeries increase by 20.3% and 20% respectively.
Moreover, as reported by the Centers for Disease Control and Prevention (CDC), during 2013 to 2015 arthritis affected nearly 54.4 million people in the U.S. and the number is likely to increase by 2040 to 78.4 million.
Restraints:
Compromised sterility problems or inconsistent components, and product failures leading to increasing product recalls by FDA is expected to restrict growth of the global arthroscopy devices market during the forecast period. For instance, in October 2014, the U.S. FDA announced the recall of ‘Shoulder Arthroscopy Pack’ developed by Customed, Inc. due to its radically damaged sterility and packaging.
𝐂𝐡𝐫𝐢𝐬𝐭𝐦𝐚𝐬 𝐒𝐚𝐥𝐞 𝐈𝐬 𝐋𝐢𝐯𝐞!
𝐁𝐮𝐲 𝐍𝐨𝐰 𝐓𝐨 𝐀𝐯𝐚𝐢𝐥 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐅𝐫𝐨𝐦 𝟐𝟓-𝟑𝟎% 𝐭𝐢𝐥𝐥 𝟑𝟏-𝐃𝐞𝐜-𝟐𝟎𝟐𝟏
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Regional Analysis:
The global Arthroscopy Device market is dived into North America, Europe, Latin America, Middle East, Asia Pacific, and Africa.
Among regions, North America is expected to witness significant growth in the global arthroscopy device market over the forecast period due to rising cases of bone related diseases. For instance, in 2017, as per the Centers for Disease Control and Prevention (CDC), arthritis and rheumatoid arthritis affected nearly 54.4 million people between 2013 to 2015 in the U.S., and the number is expected to grow by 2040 to 78 million.
Moreover, Asia Pacific is also expected to witness strong growth in the arthroscopy devices market due to growing geriatric population in the region. For instance, in 2016, the Ministry of Statistics and Program Implementation estimated, India had around 103 million people aging over 60 years.
Major Players:
Major players active in the global arthroscopy devices market are Olympus Corporation, Stryker Corporation, Vimex Sp. z o.o., Smith & Nephew Plc, Johnson & Johnson (DePuy Synthes Inc.), CONMED Corporation, and Karl Storz SE & Co. KG.
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Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Overview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Market Trends
- Key Developments
- Regulatory Landscape
- Product Recall
- Epidemiology Analysis
- Technology Overview
- PEST Analysis
- Porter’s Five Forces model
- Market Dynamics
- Global Arthroscopy Devices Market, By Product Type, 2019 – 2027, (US$ Million)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Arthroscopes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
- Arthroscopy Shavers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
- Arthroscopy Fluid Management System
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
- Arthroscopy Implants
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
- Arthroscopy Radio Frequency Systems
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
- Arthroscopy Visualization Systems
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
- Introduction
- Global Arthroscopy Devices Market, By Application, 2019 – 2027, (US$ Million)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Knee Implant
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
- Shoulder Implant
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
- Hip Implant
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
- Introduction
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