Arthroscopic shavers are minimally-invasive medical devices used for grinding, cutting & abrading tissue during arthroscopic surgery. As such procedures become more popular among clinicians, the market for arthroscopic shavers has seen considerable growth over recent years. In this article, we will explore some of the latest trends and developments in the arthroscopic shaver market that are driving growth across the industry.
Persistence Market Research (PMR) has projected a steady rise for the global arthroscopic shaver market in its recent report, for the forecast period (2017-2026). Global sales of arthroscopic shaver are estimated to surpass revenues worth US$ 600 Mn by 2026-end.
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Firstly, advances in technology have enabled manufacturers to create more powerful & efficient devices – allowing surgeons to work quicker & reduce their recovery time. On top of this, many companies are now producing single-use versions which reduce sterilization costs & prevent cross-contamination; this helps improve patient safety whilst eliminating any risk associated with reusable blades.
In addition, new ergonomic designs have been developed which provide users with greater control when performing surgeries; this allows them to accurately target & remove damaged tissue without damaging underlying structures or causing undue trauma to patients. Furthermore, many suppliers are now offering value-added services such as training sessions & certification courses for staff on how best to use these devices – helping them stay compliant whilst ensuring operational goals are met with minimal disruption.
Companies
- Arthrex Inc
- Stryker Corporation
- CONMED Corporation
- Smith & Nephew Plc.
- Zimmer Biomet Holdings, Inc.
- Medtronic Plc.
- Johnson & Johnson
- Richard Wolf GmbH
- De Soutter Medical Limited
- Karl Storz GmbH & Co. Kg
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Competition Tracking
Competition in the global arthroscopic shaver market is likely to intensify on the back of increasing M&A activities between established players and regional vendors, along with the rise in technological innovations. In addition, regional and local vendors are focusing on providing application-specific products. PMR’s report has identified key players in the global arthroscopic shaver market, which include Karl Storz GmbH, Arthrex, Inc., CONMED Corporation, Stryker Corporation, Smith & Nephew, DePuy Synthes Mitek Sports Medicine, and Zimmer Biomet.
Market Taxonomy
The report has offered a segmentation analysis of the global arthroscopic shaver market. The report categorizes the market in terms of five key segments viz. product type, application, end-user, and region. Market share comparison, coupled with the revenue and Y-o-Y growth comparison are used in the report for providing insights about the market numbers associated with the segmentation analysis. Global market for arthroscopic shaver has been divided into six key regions, which are Japan, Middle East & Africa (MEA), North America, Europe, Asia-Pacific excluding Japan (APEJ), and Latin America.
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