Surgeons use arthroscopy as a means of seeing inside joints. During an arthroscopic surgery a small device is implanted into a joint through a small cut. The tiny lens and fibre optic light of the arthroscope is connected to a camera and monitor which allows the orthopaedic surgeon to observe inside the joint and perform variety of different procedures. Each year orthopaedic surgeons perform more than five million arthroscopies. Due to the continuous growth and aging of global population, there will be a steady demand for both emerging as well as established arthroscopy devices. Knee and shoulder arthroscopy remain most common arthroscopic procedures worldwide. Most large or medium size joints, such as knees and shoulders are repaired by arthroscopic approaches. Surgery that years ago was able through an open approach now can be done via an arthroscopic approach, with similar long term outcomes, low post-operative pain, and reducing hospital stays.
Global Arthroscopic Devices Market: Drivers & Restraints
The arthroscopic devices market has emerged as one of the attractive industries in the medical equipment sector. In the recent past, the orthopaedics industry has seen major private equity transactions, several mergers and innovative product launches which acts as a key driver for global arthroscopic devices market. Rise of aging population along with advancement in technology especially in medical and healthcare sector is likely to fuel arthroscopic devices market. As consumers have become more health conscious and prefer high layout for orthopaedic treatments, global arthroscopic devices market is likely to project a promising future over the forecast period. A growing geriatric population worldwide has boosted the demand for arthroscopic devices and treatment globally. Increasing use of robotics creates more potential for arthroscopic devices market.
Global Arthroscopic Devices Market: Region-wise Outlook
In terms of geography, the global arthroscopic devices market has been divided in to seven key regions including North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Middle East & Africa and Japan. The global arthroscopic devices market is expected to register healthy CAGR during the forecast period and offers considerable commercial potential. However regions of Latin America and emerging economies of Asia-Pacific are major hotspots for global arthroscopic devices market. Technological advancement have brought rapid growth in the Europe and North America market.Asia-Pacific countries such as India and China have high growth rate due to low taxation, rise in disposable incomes and investment friendly environment accelerating the growth of arthroscopic devices market in Asia-pacific.
Global Arthroscopic Devices Market: Key Players
Some of the market participants in the global arthroscopic devices market are ConMed Corporation, Smith & Nephew, Arthrex Inc, Stryker Corporation and DePuy Synthes.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, product type and procedures.
The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Global Arthroscopic Devices Market: Segmentation
On the basis of product type, the global arthroscopic devices market is segmented into
- Arthroscopic Implants
- Shoulder Implants
- Knee Implants
- Hip Implants
- Small joint Implants
- Arthroscopic shaver systems
- Arthroscopic visualization
- Fluid management systems
- Arthroscopic Radio Frequency Devices
- Arthroscopic Radio Frequency Systems
- Arthroscopic Radio Frequency Wands
On the basis of procedures, the global arthroscopic devices market is segmented into
- Shoulder Arthroscopic procedure
- Knee Arthroscopic procedure
- Hip Arthroscopic procedure
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.