Arthroscopy Devices Market By Type (Arthroscopes, Arthroscopic Implants, Fluid management systems, Radiofrequency systems, Visualization systems, Powered Shavers, Others), By Application (Knee Arthroscopy, Hip arthroscopy, Shoulder and elbow arthroscopy, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030
The global arthroscopy devices market size was valued at $17,960.8 million in 2020, and is projected to reach $41,900.3 million by 2030, registering a CAGR of 8.5% from 2021 to 2030. Arthroscopy device is a medical device used for treating knee, hip, spine, shoulder, and elbow joints. Arthroscopy devices are extensively used for visualizing, examining, and executing therapeutic interventions inside the bone.
Arthroscopy devices can be effectively used for treatment of knee osteoarthritis by invasive surgical procedures through a tiny incision. Furthermore, arthroscopy devices provide higher mobility and better pain relief compared to open knee surgery.
Increase in number of patients suffering from orthopedic conditions, including osteoarthritis, rheumatoid arthritis, herniated discs, and bone cancer. has significantly increased, owing to rise in geriatric population. Furthermore, surge in number of sports tournaments across the globe has increased sports-related injuries. These factors positively influence the growth of the market. However, factors such as high cost and unfavorable reimbursement policies hinder the growth of the market. Furthermore, advantages such as shorter recovery time and minimal postoperative complications boost the growth of arthroscopy devices market.
The arthroscopy devices market is segmented on the basis of product, application, and region. Depending on product, the market is classified into arthroscopic implants, arthroscopes, fluid management systems, radiofrequency systems, visualization systems, powered shaver systems, and other arthroscopy equipment. According to application, it is categorized into knee arthroscopy, hips arthroscopy, shoulder & elbow arthroscopy, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Major players operating in the global market have adopted key strategies such as product launch to strengthen their market outreach and sustain the stiff competition in the market
Competition Analysis
The major market participants profiled in this report include Arthrex, Inc. Conmed Corporation, Johnson & Johnson, KARL STORZ GmbH & Co. KG, Medtronic, Plc., Richard Wolf GmbH, Smith & Nephew, Plc., Stryker Corporation, Wright Medical Group N.V., and Zimmer Biomet Holdings, Inc.
Key Benefits for Stakeholders
The report provides an extensive analysis of the current and emerging arthroscopy devices market trends and dynamics.
In-depth market analysis is conducted by constructing market estimations for the key market segments between 2020 and 2030.
Extensive analysis of the arthroscopy devices market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
The global arthroscopy devices market forecast analysis from 2021 to 2030 is included in the report.
The key market players within arthroscopy devices industry are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the arthroscopy devices industry.
Key Market Segments
By BY TYPE
Arthroscopes
Arthroscopic Implants
Fluid management systems
Radiofrequency systems
Visualization systems
Powered Shavers
Others
By Application
Knee Arthroscopy
Hip arthroscopy
Shoulder and elbow arthroscopy
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Uk
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest Of Asia Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Arthrex, Inc.
Conmed Corporation
Henke Sass Wolf GmbH
Johnson & Johnson
Karl storz GmbH & Co. KG
Medtronic plc
Richard Wolf GmbH
Smith & Nephew plc
Stryker Corporation
Zimmer Biomet Holdings, Inc.
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