Arthroscopy Procedures Products Market

Arthroscopy Procedures and Products Market: Growth Expected to be Driven by Increasing Application in Sports Medicine: Global Industry Analysis and Opportunity Assessment 2015 - 2023

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Introduction

Arthroscopy is a minimally invasive procedure for visualisation, diagnosis and treatment of joint problems. During the arthroscopy procedure, surgeons inserts an arthroscope, which is a fibre-optic video camera, through a keyhole size incision. It allows arthroscopists to view inside the joint through a high-definition video monitor and determine the amount or type of injury, and further perform arthroscopy without the need of a large incision. Arthroscopy, a minimally invasive key-hole surgery performed on joints, results in higher success rates with less trauma and involves less scarring.

Market Value and Forecast

In 2015, the arthroscopy procedures and products market was valued at US$ 4,488.3 Mn and its revenue is expected to expand at a CAGR of 5.7% over 2015–2023.

Market Dynamics

Increasing application in sports medicine, demographic trends, increasing prevalence of osteoarthritis and ease in FDA clearance are the factors driving growth of the global arthroscopy procedures and products market currently. Ease of recovery and success rate, while minimising recovery time and trauma, is a special feature of arthroscopy procedures, which is also a major driving factor for the market. Risk of edema due to irrigation fluids and increasing pricing pressures are anticipated to hamper market growth during the forecast period.

Market Segmentation, by Product Type

By product type, the global arthroscopy procedures and products market is segmented into arthroscopes and visualization systems, arthroscopic resection systems, arthroscopic fluid management systems, arthroscopic implants, arthroscopy radiofrequency (RF) systems, arthroscopic drills and fixation systems and other arthroscopy instruments and accessories. The arthroscopic implants segment is further sub-segmented into knee implants, shoulder implants, hip implants and other implants. The arthroscopic implants product type segment accounts for highest revenue share of the arthroscopy procedures and products market currently, and is expected to remain the leading segment in terms of value during the forecast period. Increase in clinical evidences related to the safety, efficacy and economic benefits of arthroscopic implants in younger patients is expected to boost growth of arthroscopic implants segment over the forecast period.

arthroscopy-procedures-products-market

Market Segmentation, by Procedure

In terms of the segmentation by procedure type, the knee arthroscopy segment is expected to hold more than half the global market share, and the revenue from the segment is projected to expand at the highest CAGR over the forecast period as compared to other segments.

Key Regions

By region, North America is the largest market in terms of value currently and is expected to retain its position through the forecast period. Increasing number of ambulatory surgical centres, developing techniques and equipment and increasing usage of arthroscopic instruments used in hips, shoulders, ankles and wrists procedures are factors expected to boost growth of the North America market over the forecast period. Markets in the Americas and Europe collectively account for over 75% revenue share of the global arthroscopy procedures and products market in 2015. The market in APAC region is projected to exhibit an above average CAGR in terms of value during the forecast period from 2015 to 2023. Increase in preference of arthroscopic surgeries and technological advancements in arthroscopic instruments are factors expected to fuel demand for arthroscopy products over the forecast period.

Key Players

Key market players covered in this report are Arthrex, Inc., CONMED Corporation, Johnson & Johnson, KARL STORZ GmbH & Co. KG, Olympus Corporation, Richard Wolf GmbH and Stryker Corporation. Collaboration with partners to maintain market leadership in sports medicine in different regions, engaging in R&D activities that focus on orthopaedic surgical treatments, leveraging core expertise to strengthen business plans and acquisitions to strengthen the arthroscopy manufacturing business units in order to enhance market foothold over the next four to five years, are the key strategies adopted by the arthroscopy products manufacturers.   

Arthroscopy is a minimally invasive procedure for visualisation, diagnosis and treatment of joint problems. During arthroscopy procedure, surgeons inserts an arthroscope, which is a fibre-optic video camera, through a keyhole size incision. It allows arthroscopists to view inside the joint through a high-definition video monitor and determine the amount or type of injury, and further perform arthroscopy without the need of a large incision. An arthroscopy is used to treat a range of problems, such as damaged cartilage and fragments of loose bone or cartilage, as well as conditions such as arthritis and frozen shoulder or carpal tunnel syndrome. 

The Arthroscopy Procedures and Products market is segmented as follows:

  • By Product Type
  • By Procedure Type
  • By Region

This report covers the global arthroscopy procedures and products market performance in terms of revenue contribution. The report also includes FMI’s analysis of key trends, drivers, restraints and opportunities that are influencing the global arthroscopy procedures and products market currently. Impact analysis of key growth drivers and restraints is included in this report to better equip clients with crystal-clear decision-making insights.

By product type, the global arthroscopy procedures and products market is segmented into arthroscopes and visualization systems, arthroscopic resection systems, arthroscopic fluid management systems, arthroscopic implants, arthroscopy radiofrequency (RF) systems, arthroscopic drills and fixation systems and other arthroscopy instruments and accessories. The arthroscopic implants segment is further sub-segmented into knee implants, shoulder implants, hip implants and other implants. The arthroscopic implants product type segment currently accounts for the highest revenue share of the arthroscopy procedures and products market, and is expected to remain the leading segment in terms of value during the forecast period. Increase in clinical evidences related to the safety, efficacy and economic benefits of arthroscopic implants in younger patients is expected to further boost growth of arthroscopic implants segment over the forecast period.

In terms of procedure type segmentation, knee arthroscopy segment is expected to hold more than half the global market share, and the revenue from the segment is projected to expand at the highest CAGR over the forecast period as compared to other segments.

By region, North America is the largest market in terms of value currently and is expected to retain its position through the forecast period. Increasing number of ambulatory surgical centres, developing techniques and equipment, and increasing usage of arthroscopic instruments used in hips, shoulders, ankles and wrists procedures are factors expected to boost growth of the North America market over the forecast period. Markets in the Americas and Europe collectively accounted for over 75% revenue share of the global arthroscopy procedures and products market in 2015. The market in APAC region is projected to exhibit an above average CAGR in terms of value during the forecast period from 2015 to 2023. Increase in preference of arthroscopic surgeries and technological advancements in arthroscopic instruments are factors expected to fuel demand for arthroscopy products over the forecast period. 

Key market players covered in this report are Arthrex, Inc., CONMED Corporation, Johnson & Johnson, KARL STORZ GmbH & Co. KG, Olympus Corporation, Richard Wolf GmbH and Stryker Corporation. Collaboration with partners to maintain market leadership in sports medicine in different regions, engaging in R&D activities that focus on orthopaedic surgical treatments, leveraging core expertise to strengthen business plans and acquisitions to strengthen the arthroscopy manufacturing business units in order to enhance market foothold over the next four to five years are the key strategies adopted by the arthroscopy products manufacturers.

Key Segments Covered

  • Product Type
    • Arthroscopes and Visualisation Systems
    • Arthroscopic Resection Systems
    • Arthroscopic Fluid Management Systems
    • Arthroscopic Implants
      • Knee Implants
      • Shoulder Implants
      • Hip Implants
      • Other Implants
    • Arthroscopy Radiofrequency (RF) Systems
    • Arthroscopic Drills and Fixation Systems
    • Other Arthroscopy Instruments and Accessories
  • Procedure Type
    • Shoulder Arthroscopy
    • Hip Arthroscopy
    • Knee Arthroscopy
    • Elbow Arthroscopy
    • Small Joints Arthroscopy
    • Others

Key Regions/Countries Covered

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe
    • U.K.
    • France
    • Germany
    • Spain
    • Italy
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Rest of Eastern Europe
  • Asia Pacific Excluding Japan (APEJ)
    • China
    • India
    • Rest Of APEJ
  • Japan
  • Middle East & Africa
    • GCC countries
    • South Africa
    • Rest of MEA

Arthroscopy Procedures Products Market Reports - Table of Contents

1. Research Methodology

2. Assumptions & Acronyms Used

3. Executive Summary

4. Global Arthroscopy Market Dynamics

4.1. Drivers 

4.2. Restraints

4.3. Opportunity

4.4. Global Arthroscopy Market Trends

5. Porter’s Five Force Analysis: Arthroscopy Procedures and Products Market

5.1. Bargaining power of suppliers

5.2. Bargaining power of buyers

5.3. Threat of substitutes

5.4. Threat of new entrants

5.5. Competitive rivalry

6. Global Arthroscopy Market Value, by Product Type, 2013 - 2023 (USD Mn)

6.1. Arthroscopes and Visualization Systems

6.2. Arthroscopic Resection Systems

6.3. Arthroscopic Fluid Management Systems

6.4. Arthroscopic Implants

6.4.1. Knee Implants

6.4.2. Shoulder Implants

6.4.3. Hip Implants

6.4.4. Other Implants

6.5. Arthroscopy Radiofrequency (RF) Systems

6.6. Arthroscopic Drills and Fixation Systems

6.7. Other Arthroscopy Instruments and Accessories (Sheaths, Bridges, Scopes, Sheathless Arthroscopes, etc.)

6.8. Global Market Attractiveness Analysis, By Arthroscopy Procedures and Products Type, 2014

7. Global Arthroscopy Market Value, by Procedure Type, 2013 - 2023 (USD Mn)

7.1. Shoulder Arthroscopy

7.2. Hip Arthroscopy

7.3. Knee Arthroscopy

7.4. Elbow Arthroscopy

7.5. Small Joints Arthroscopy (Hand & Wrist, Foot & Ankle, etc.)

7.6. Others

8. Global Arthroscopy Market Value, by Geography, 2013 - 2023 (USD Mn)

8.1. North America

8.1.1. United States

8.1.2. Canada

8.1.3. North America Market Attractiveness Analysis, By Arthroscopy Procedures and Products Type, 2014

8.2. Europe

8.2.1. Germany

8.2.2. United Kingdom

8.2.3. Rest of Europe

8.2.4. Europe Market Attractiveness Analysis, By Arthroscopy Procedures and Products Type, 2014

8.3. Asia Pacific

8.3.1. China

8.3.2. Japan

8.3.3. Rest of Asia Pacific

8.3.4. Asia Pacific Market Attractiveness Analysis, By Arthroscopy Procedures and Products Type, 2014

8.4. Latin America

8.4.1. Brazil

8.4.2. Rest of Latin America

8.4.3. Latin America Market Attractiveness Analysis, By Arthroscopy Procedures and Products Type, 2014

8.5. Rest of the World (RoW)

8.5.1. Rest of the World Market Attractiveness Analysis, By Arthroscopy Procedures and Products Type, 2014

9. Recommendations

10. Company Profiles

10.1. Competitive Landscape

10.2. Company Share Analysis, 2014

10.3. Company Profiles

10.3.1. Company Overview

10.3.2. Financial Overview

10.3.3. Product Portfolio

10.3.4. Business Strategies

10.3.5. Recent Developments

10.4. Arthrex, Inc.

10.5. CONMED Corporation

10.6. Johnson & Johnson

10.7. KARL STORZ GmbH & Co. KG

10.8. Olympus Corporation

10.9. Richard Wolf GmbH

10.10. Stryker Corporation

Arthroscopy Procedures Products Market Reports - List of Tables

Table 1: Global Arthroscopy Market Value (US$ Mn) by Arthroscopic Implant Types, 2013–2023

Table 2: Global Arthroscopy Market Volume by Procedures, 2013–2023

Table 3: North America Arthroscopy Market Volume by Procedures, 2013–2023

Table 4: North America Arthroscopy Market Value (US$ Mn), By Country, 2013–2023

Table 5: Latin America Arthroscopy Market Volume by Procedures, 2013–2023

Table 6: Latin America Arthroscopy Products Value (US$ Mn), By Country, 2013–2023

Table 7: Europe Arthroscopy Market Volume by Procedures, 2013–2023

Table 8: Europe Arthroscopy Products Value (US$ Mn), By Country, 2013–2023

Table 9: Asia Pacific Arthroscopy Market Volume by Procedures, 2013–2023

Table 10: Asia Pacific Arthroscopy Products Value (US$ Mn), By Country, 2013–2023

Table 11: Rest of the World Arthroscopy Market Volume by Procedures, 2013–2023

Arthroscopy Procedures Products Market Reports - List of Figures

Figure 1: Global Arthroscopy Market Value (US$ Mn) & Y-o-Y Growth (%) by Product Type, 2013–2023

Figure 2: Global Arthroscopy Market Value (US$ Mn) & Y-o-Y Growth (%) by Arthroscopes & Visualization Systems Segment, 2013–2023

Figure 3: Global Arthroscopy Market Value (US$ Mn) & Y-o-Y Growth (%) by Arthroscopic Resection Systems Segment, 2013–2023

Figure 4: Global Arthroscopy Market Value (US$ Mn) & Y-o-Y Growth (%) by Arthroscopic Fluid Management Systems Segment, 2013–2023

Figure 5: Global Arthroscopy Market Value (US$ Mn) & Y-o-Y Growth (%) by Arthroscopy Radiofrequency (RF) Systems Segment, 2013–2023

Figure 6: Global Arthroscopy Market Value (US$ Mn) & Y-o-Y Growth (%) by Arthroscopic Implants Segment, 2013–2023

Figure 7: Global Arthroscopy Market Value (US$ Mn) & Y-o-Y Growth (%) by Arthroscopic Drills and Fixation Systems Segment, 2013–2023

Figure 8: Global Arthroscopy Market Value (US$ Mn) & Y-o-Y Growth (%) by Other Arthroscopy Instruments and Accessories Segment, 2013–2023

Figure 9: Global Arthroscopy Market Attractiveness Analysis by Product Type, 2014–2023

Figure 10: Global Arthroscopy Market Attractiveness Analysis by Procedures, 2014–2023

Figure 11: North America Arthroscopy Products Market Value (US$ Mn) & Y-o-Y Growth (%), 2013–2023

Figure 12: North America Arthroscopy Market Value Share & BPS Analysis By Country, 2014 & 2023

Figure 13: North America Arthroscopy Market Y-o-Y Growth Comparison By Country, 2014–2023

Figure 14: North America Arthroscopy Market Attractiveness Analysis by Product Type, 2014–2023

Figure 15: North America Arthroscopy Market Attractiveness Analysis by Procedures, 2014–2023

Figure 16: Latin America Arthroscopy Market Value & Y-o-Y Growth (%), 2013–2023

Figure 17: Latin America Arthroscopy Products Market Value Share & BPS Analysis By Country, 2014 & 2023

Figure 18: Latin America Arthroscopy Products Market Y-o-Y Growth Comparison By Country, 2014–2023

Figure 19: Latin America Arthroscopy Market Attractiveness Analysis by Product Type, 2014–2023

Figure 20: Latin America Arthroscopy Market Attractiveness Analysis by Procedures, 2014–2023

Figure 21: Europe Arthroscopy Products Market Value & Y-o-Y Growth (%), 2013–2023

Figure 22: Europe Arthroscopy Products Market Value Share & BPS Analysis By Country, 2014 & 2023

Figure 23: Europe Arthroscopy Products Market Y-o-Y Growth Comparison By Country, 2014–2023

Figure 24: Europe Arthroscopy Market Attractiveness Analysis by Product Type, 2014–2023

Figure 25: Europe Arthroscopy Market Attractiveness Analysis by Procedures, 2014–2023

Figure 26: Asia Pacific Arthroscopy Products Market Value & Y-o-Y Growth (%), 2013–2023

Figure 27: Asia Pacific Arthroscopy Products Market Value Share & BPS Analysis By Country, 2014 & 2023

Figure 28: Asia Pacific Arthroscopy Products Market Y-o-Y Growth Comparison By Country, 2014–2023

Figure 29: Asia Pacific Arthroscopy Market Attractiveness Analysis by Product Type, 2014–2023

Figure 30: Asia Pacific Arthroscopy Market Attractiveness Analysis by Procedures, 2014–2023

Figure 31: Rest of the World Arthroscopy Products Market Value & Y-o-Y Growth (%), 2013–2023

Figure 32: Rest of the World Arthroscopy Market Attractiveness Analysis by Product Type, 2014–2023

Figure 33: Rest of the World Arthroscopy Market Attractiveness Analysis by Procedures, 2014–2023

Figure 34: Global  Arthroscopy Products Market Share, 2014