The global arthroscopy devices market size is likely to generate sales amounting USD 7600 million in 2024. Over the assessment period from 2024 to 2034, the arthroscopy devices market CAGR is projected to expand to 4.3% culminating in a market size of USD 11.5 billion by the end of 2034.
The rising need for joint replacement surgeries, driven by the frequency of musculoskeletal disorders, is increasing the global arthroscopy devices market size. Growing knee and joint related concerns among the elderly are driving up demand for arthroscopy operations, hence expanding the global arthroscopy devices market size.
The rising prevalence of musculoskeletal disorders is a key driver of the arthroscopy devices industry. Musculoskeletal health is concerned with locomotor system performance. The above disorders are the leading causes of disability in the world population.
The increased costs necessary for arthroscopy gadgets are expected to stymie the industry in the next years. The high cost of arthroscopy limits access to people with moderate or low incomes. The scarcity of competent healthcare personnel with competence in using arthroscopy techniques and systems raises the cost of treatments.
Arthroscopy Devices Industry Assessment
| Attributes | Description |
|---|---|
| Historical Size, 2023 | USD 7224.4 Million |
| Estimated Global Arthroscopy Devices Market Size (2024E) | USD 7600 Million |
| Projected Global Arthroscopy Devices Market Value (2034F) | USD 11.5 billion |
| Value-based CAGR (2024 to 2034) | 4.3% |
Growing research and development efforts, along with an increasing desire for minimally invasive operations, are expected to generate favorable growth potential in the market. With research and development initiatives, market players are developing advanced gadgets.
The development focus includes the production of high definition cameras, advances to suturing techniques, improved visualization, and material customization. Growing developments in medical devices, along with quickly expanding technology, are expected to open up new market growth opportunities during the forecast period.
Important advances in sports medicine, as well as the creation of technologically improved product versions, are all contributing to a good market outlook. Advanced arthroscopy equipment is being developed by product makers to increase vision with high definition (HD) cameras, improved suturing procedures, and suturing materials.
Increased health consciousness and understanding of various treatment options, as well as improved healthcare infrastructure, are expected to propel the global arthroscopy devices market size.
As a way to advance wrist arthroscopy, nanotechnology is being investigated as a means of advancing the procedure. As the nanotechnology industry continues to advance, innovations such as the NanoScope have made it possible to assess wrist pathology in real time and treat it without the requirement for anaesthesia or sedation has been greatly enhanced.
A new generation of orthopaedic devices is created with the use of intelligent orthopedics, in which traditional techniques combine with cutting-edge technology. By taking this approach, outcomes can be enhanced and personalized while costs and time can be reduced.
A new generation of medical imaging technologies is helping surgeons perform arthroscopic surgeries more effectively. With advances in 3D imaging, implant positioning can be improved, and musculoskeletal reconstruction can be performed with high precision.
The use of augmented reality as an aid in planning and performing arthroscopic surgeries is being investigated. The device can also be used to improve accuracy and guidance during procedures in addition to improving visual clarity.
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As shown in the table above, the global arthroscopy devices market is predicted to expand by a significant CAGR during several semi-annual periods between 2024 and 2034. A CAGR of 4.8% is predicted for the first half (H1) of the decade from 2023 to 2033, followed by a slightly lower growth rate of 4.6% for the second half (H2).
| Particular | Value CAGR |
|---|---|
| H1 | 4.8% (2023 to 2033) |
| H2 | 4.6% (2023 to 2033) |
| H1 | 4.4% (2024 to 2034) |
| H2 | 4.1% (2024 to 2034) |
Over the period from H1 2024 to H2 2034, it is expected that the CAGR will increase slightly to 4.4% in the first half of 2024 and remain at relatively moderate levels of 4.1% in the second half of 2034.
Growing Incidences of Sports Injuries and Musculoskeletal Disorders is likely to Accelerate Arthroscopy Devices Market Growth
The increasing number of sports injuries will drive the growth rate of the arthroscopy device market. The increase in the prevalence of musculoskeletal disorder is anticipated to fuel the global arthroscopy devices market size. The rising frequency of musculoskeletal disorders such as rheumatoid arthritis and osteoarthritis is anticipated to propel the global arthroscopy devices market size.
The increasing number of government initiatives to raise public knowledge about various treatment options will be a significant driver of the growth rate of the arthroscopy device market.
The growing elderly population and increased acceptance of minimally invasive (MI) treatment methods are key drivers of market development. Numerous developments in sports medicine, as well as the development of technologically superior product versions, impacting device adoption, further fueling the global arthroscopy devices market size.
Growing Investments in Research and Development and Technological are expected to Propel Market Growth
Surge in investments for research and development activities is likely to create possibilities for the arthroscopy devices market to expand. The development and modernization of healthcare infrastructure in emerging nations is anticipated to accelerate the growth rate of the arthroscopy devices market during the forecast period.
As medical device technology advances, the growth rate of the arthroscopy devices market is likely to surge during the forecast period. Manufacturers are developing arthroscopy equipment with high definition cameras, advanced suturing processes, and specialty suturing materials to increase visibility.
High Cost of Arthroscopy Equipment to Impede Arthroscopy devices Market Growth
The high cost of arthroscopy equipment is likely to restrain market expansion. The shortage of experienced specialists would offer a significant barrier to the arthroscopy device industry. Changes in hospital decision making and tight regulatory standards are key challenges and limitations of arthroscopy devices market throughout the projection period.
Principal Consultant
Global arthroscopy devices demand increased at a CAGR of 4% from 2019 to 2023. For the next ten years (2024 to 2034), projections are that expenditure on arthroscopy devices will reach a CAGR of 4.3%.
During the historical period, the market grew owing to advances in minimally invasive surgical methods, the rising frequency of joint related illnesses, and the growing preference for arthroscopic treatments due to their shorter recovery periods and decreased risk of complications when compared to standard surgeries.
Over the projection period, the aging global population is increasing the prevalence of osteoarthritis and other joint ailments, raising the demand for arthroscopic procedures. Technical advancements in arthroscopy equipment, such as improved imaging systems, sophisticated surgical tools, and the incorporation of robots, are projected to fuel the global arthroscopy devices market size.
Increased healthcare spending in emerging nations is driving to a greater use of arthroscopic surgeries. Countries in Asia Pacific, Latin America, and the Middle East are spending considerably in healthcare infrastructure, resulting in improved availability and cost of modern surgical procedures. This tendency is anticipated to drive the global arthroscopy devices market size.
Patient awareness of the benefits of minimally invasive operations is playing an important role in market growth. Patients are increasingly seeking procedures that promote faster recovery and less scarring, which arthroscopy does.
The arthroscopy devices market size and forecast is expected to expand significantly during the projected period. With technological improvements, increased healthcare spending, and an increasing patient desire for minimally invasive procedures, drives the global arthroscopy devices market size is anticipated to show potential growth prospects during the forecast period.
A significant portion of the global market share is captured by Tier 1 companies, which dominate the market at a share of 42%. Research and development are important areas of focus for these companies, continually improving patient care through new products and procedures.
Tier 1 companies may engage in collaboration with medical professionals, universities, and research institutions in order to foster innovation. By sharing resources, innovating, and integrating resources, new arthroscopy devices are being developed. Prominent players within tier 1 include Johnson & Johnson, Stryker Corporation, Smith & Nephew plc, and Arthrex, Inc.
Mid-sized companies in Tier 2 account for 26% of revenues and are highly influencing the domestic markets. Despite their market presence and well-known product offerings, these companies may not offer as much as Tier 1 companies.
The industry is focusing on technology that enhances surgical precision and improves patient outcomes through advanced vision systems, surgical tools, and implantable devices. Prominent companies in tier 2 include Medtronic plc, Zimmer Biomet Holdings, Inc, and Karl Storz GmbH & Co. KG.
Tier 3 players include companies with a regional presence or specialized product offerings that have a niche market presence. The market is often competitive by providing cost-effective or specialized solutions to emerging arthroscopic technologies. They also offer innovative solutions to their customers in addition to specializing in a variety of products.
The companies in Tiers 1 and 2 have significant market shares, but their global reach and product range are often limited. Prominent Players include Conmed Corporation, Henke Sass Wolf GmbH, and Richard Wolf GmbH.
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This section offers a comprehensive evaluation of two interrelated markets: The global handheld arthroscopic instruments market, and the global arthroscopy procedure and products market.
This dissects the distinctive characteristics of each market, encompassing their respective CAGRs and sales in 2023, while also delving into the pivotal factors that exert influence on their growth trajectories.
Handheld Arthroscopic Instruments Industry Assessment:
The global handheld arthroscopic instruments market is expected to grow at a high rate throughout the projected period. The growth of ambulatory surgery centers (ASCs) in industrialized nations, as well as continuous technical improvements to make the operation easier and safer, are driving demand for portable arthroscopy equipment.
The increased demand for specialist hand devices among physicians is expected to drive worldwide market expansion. The rise in arthroscopic surgeries is expected to boost the global market. The growing aging population, along with technological improvements, particularly in the medical and healthcare sectors, is expected to propel the global market.
| Attributes | Description |
|---|---|
| Related Market | Handheld Arthroscopic Instruments Market |
| CAGR (2023 to 2033) | 4.7% |
| Market Value (2023) | USD 3.3 billion |
| Growth Factor | The need for portable arthroscopic equipment has increased significantly as technology has advanced. |
| Opportunity | Growing awareness of the usage of modern surgical equipment, along with favorable healthcare policies, is likely to drive the industry. |
| Key Trends | Increased occurrence of procedures such as hip, knee, and shoulder, which is expected to raise demand for portable arthroscopic devices. |
Arthroscopy Procedure and Products Industry Assessment:
Advances in arthroscopic imaging methods, including as high definition cameras and 3D visualization, increase diagnostic accuracy and surgical results. There is a growing desire for minimally invasive treatments, which provide benefits such as decreased scarring, quicker healing, and shorter hospital stays.
The rising frequency of joint problems, such as osteoarthritis and sports related injuries, highlights the need for better arthroscopic therapies. Healthcare practitioners are encouraged to provide arthroscopic surgeries because insurance companies have favorable payment practices. All the above factors are likely to drive market growth.
| Attributes | Description |
|---|---|
| Related Market | Arthroscopy Procedure and Products Market |
| CAGR (2023 to 2033) | 6.2% |
| Market Value (2023) | USD 6,860.8 million |
| Growth Factor | The increasing frequency of orthopedic problems and sports injuries drives up the need for arthroscopy instruments. |
| Opportunity | Exploring new markets and extending geographical footprint to reach a larger consumer base is a key opportunity for market players. |
| Key Trends | Integrating robots and artificial intelligence into arthroscopic operations to improve accuracy and efficiency. |
The following table shows the estimated growth rates of the top three markets. The United States and Canada are set to exhibit high arthroscopy devices market growth, recording CAGRs of 5.7% and 4.9%, respectively, through 2034.
| Countries | CAGR 2024 to 2034 |
|---|---|
| The United States | 5.2% |
| Canada | 4.3% |
| Italy | 4.2% |
| France | 4.4% |
| China | 6.2% |
The United States is projected to ascend at a CAGR of 5.2% during the forecast period. The prevalence of sport injuries is extremely high the United States is anticipated to augment the growth rate of the arthroscopy devices market in the United States.
According to a study published by AASO in June 2023, from 2015 to 2019, high school athletic trainers reported 15,531 injuries throughout 6,778,209 AEs, for an overall rate of 2.29 injuries per 1,000 AEs. An estimated 5,228,791 injuries occurred nationwide.
The highest injury rates were seen in football (3.96 per 1,000 AEs), girls soccer (2.65), and boys wrestling (2.36). Boys sports had a greater injury rate (2.52) than girls sports (1.56). All the above statistics necessitates the need for arthroscopy devices further driving the growth rate of the arthroscopy devices market.
Italy is predicted to augment at a CAGR of 4.2% during the projected period. The advanced healthcare infrastructure in Italy contributes considerably to the growth rate of the arthroscopy devices market.
The healthcare system in Italy, which is known for high standards and universal accessibility, creates a favorable environment for technology innovation. Cutting edge hospitals and specialist clinics are suitable for the most advanced arthroscopic equipment, allowing for minimally invasive procedures.
Significant expenditures in healthcare facilities and ongoing professional training guarantee that medical personnel are skilled in the use of advanced arthroscopic technology further driving the market growth in the country.
China is expected to thrive at a CAGR of 6.2% during the assessment period. The rising incidence of chronic illness and sports injuries is among the key factors driving the growth of the arthroscopy devices market. Rising demand for joint replacement surgeries and incidence of sport injuries are factors influencing the growth.
Increasing healthcare infrastructure, patient awareness, and minimally invasive surgical techniques will contribute to strong growth in China in the coming years. In order to capitalize on growth opportunities and expand their footprint, key players are focusing on China as a strategic market.
| Segment | Hospitals (End User) |
|---|---|
| Value Share (2023) | 44% |
The hospitals category is expected to lead the arthroscopy devices market by 2023, accounting for 44%. This growth emphasizes the role of hospitals in the arthroscopic surgeries. As complete medical care institutions, hospitals provide cutting edge facilities and access to highly trained orthopedic surgeons, making them ideal locations for arthroscopy.
The increased frequency of joint related illnesses, along with the growing need for less invasive operations, fuels this trend. Driven by their capacity to manage difficult situations, offer post operative care, and promote rapid recovery, the hospital segment is anticipated to lead the end user segment and drive the global arthroscopy devices market size.
| Segment | Arthroscopic shavers (Product Type) |
|---|---|
| Value Share (2023) | 36.9% |
In 2023, the arthroscopic shavers segment is predicted to lead the arthroscopy devices market, with a market share of 36.9%. This growth is a reflection of the use of arthroscopic shavers in minimally invasive surgical procedures, especially in orthopedics.
The rising frequency of sports injuries and osteoarthritis has increased demand for improved arthroscopic equipment, fueling the demand for this for segment. Shaver technological innovations, including as increased blade design and motor efficiency, are also driving the demand for the segment which further increase the global arthroscopy devices market size.
The global arthroscopy devices market is extremely competitive. Leading market players dominate the market owing to their diverse product ranges and high brand awareness. The industry giants invest extensively in research and development to offer advanced, minimally invasive surgical equipment that improve procedural efficiency and patient outcomes.
The market is seeing rising competition from new enterprises and startups that specialize in specific niches and novel technology. The new entrants frequently bring new viewpoints and cutting edge solutions, challenging the established market players and propelling the market growth.
Collaborations, mergers, and acquisitions are frequent techniques used by industry leaders to increase their product offerings and boost their worldwide position.
Technological developments are critical in the competitive field, with businesses constantly introducing next generation arthroscopy devices with increased imaging systems, robotics integration, and ergonomic designs.
Recent Developments
Medtronic plc, Zimmer Biomet Holdings, Inc, Conmed Corporation, Johnson & Johnson, Henke Sass Wolf GmbH, Smith & Nephew plc, Stryker Corporation, Karl storz GmbH & Co. KG, Arthrex, Inc and Richard Wolf GmbH are the key players in this market.
The arthroscopy devices market is classified into shoulder arthroscopic procedure, knee arthroscopic procedure, hip arthroscopic procedure, and others.
The arthroscopy devices market is classified into arthroscopies, 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.
The arthroscopy devices market is classified into hospitals, clinics and others.
Analysis of the arthroscopy devices market has been carried out in key countries of North America, Latin America, Western Europe, South Asia, East Asia, Eastern Europe and Middle East & Africa.
The global arthroscopy devices market is estimated at a value of USD 7600 million in 2024.
Revenue of arthroscopy devices market increased at 4% CAGR between 2019 and 2023.
Medtronic plc, Zimmer Biomet Holdings, Inc, Conmed Corporation, Johnson & Johnson, and Richard Wolf GmbH are some of the key players in this market.
The United States is projected to ascend at a CAGR of 5.2% throughout 2034.
The arthroscopic shavers segment is projected to hold a market share of 36.9% in 2023.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 6.1. Procedure 6.2. Product Type 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Procedure 7.1. Shoulder Arthroscopic Procedure 7.2. Knee Arthroscopic Procedure 7.3. Hip Arthroscopic Procedure 7.4. Others 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type 8.1. Arthroscopies 8.2. Arthroscopic Implants 8.3. Shoulder Implants 8.4. Knee Implants 8.5. Hip Implants 8.6. Small joint Implants 8.7. Arthroscopic Shaver systems 8.8. Arthroscopic Visualization 8.9. Fluid Management Systems 8.10. Arthroscopic Radio Frequency Devices 8.11. Arthroscopic Radio Frequency Systems 8.12. Arthroscopic Radio Frequency Wands 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. South Asia 9.5. East Asia 9.6. Eastern Europe 9.7. Middle East & Africa 10. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 11. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 12. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. South Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. Sales Forecast 2024 to 2034 by Procedure and Product Type for 30 Countries 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 19. Company Profile 19.1. Medtronic plc 19.2. Zimmer Biomet Holdings, Inc 19.3. Conmed Corporation 19.4. Johnson & Johnson 19.5. Henke Sass Wolf GmbH 19.6. Smith & Nephew plc 19.7. Stryker Corporation 19.8. Karl storz GmbH & Co. KG 19.9. Arthrex, Inc 19.10. Richard Wolf GmbH
Healthcare
February 2022
REP-GB-11572
July 2022
206 pages
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Arthroscopy Devices Market
