Arthroscopy Fluid Management Disposables Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Arthroscopy Fluid Management Disposables Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Arthroscopy fluid management disposables Market

The arthroscopy fluid management disposables market size was valued at USD 229.5 million in 2019, and the market is now projected to grow to USD 347.7 million by 2027, exhibiting a CAGR of 9.7% during the forecast period of 2020-2027.

The growing incidences of the coronavirus globally have affected the supply chain management of orthopaedic devices. Asymptomatic and minimally symptomatic patients and younger patients get admitted to hospitals, many have stopped performing elective procedures. Surgeons, cardiologists, and anaesthesiologists were recorded to have mentioned a total survey of U.S patients of around 50% of them expecting patients to either cancel or delay elective surgeries in the current pandemic situation. This has thus caused the arthroscopy fluid management disposables market growth rate to plummet.

The market will be driven by further innovative technologies as regards to arthroscopic procedures that improve the approach in the future. In addition, fluid management systems are predicted to boost demand owing to its capacity to enhance the visualization phase. First prospective clinical trial data on the use of NOVOSTITCH Meniscal Repair System to repair Horizontal Cleavage Tears (HCTs) were recently released by Smith & Nephew in July 2019. These products shall have high demand in the next five years because the incidence of musculoskeletal injuries leading to limited mobility & agonising physical pain increases rapidly is the primary factor that is likely to drive the arthroscopic fluid management disposals market share during the forecast period.

In the last few years, patients have become more inclined towards the utilization of Internet based points of interest and other resources to obtain details of specific diseases. Such measures by the government for controlling the expenditure of various types of orthopaedic surgeries along with growing population of geriatric people may have positive effect on the growth of arthroscopy fluid management disposables market. The trend apparent in Europe is rising demand in countries like Germany, U.K, and Scotland for minimally invasive surgical procedures.

Comprehensive Analysis of Arthroscopy fluid management disposables Market

The arthroscopy fluid management disposables market is responding quite an unprecedented rate of growth because of its market segmentation. This indicators growth in different regions by substituting the major forces of supply and demand which define the shape of local pharmacy benefit management market. Therefore, they are logically divided into 2 Segments, By Product Type Analysis and By Application Analysis. Depending on the product, the arthroscopy fluid management disposables market is segmented into pump management disposables and gravity management disposables. The pump management disposables were another big segment in the market in 2019. By application, the arthroscopy fluid management disposables have been divided into hospitals, medical centres, and others. Of all the applications, the hospital segment held the largest share of the global market.

North America dominated the market with a maximum revenue of USD 127.7 million in 2019 and will continue to dominate the market throughout the forecast period. It has been driven by the established location of major players in the medical device industry in the United States and enhanced Medicare reimbursement policies on medical devices in the country.

Arthrex (U.S) Stryker (U.S), Smith & Nephew (U.K), DePuy (U.S), Zimmer Biomet (U.S), ConMed (U.S), Karl Storz (Germany) and Richard Wolf (U.S) are significant players in the Medical Device market. They are the key player that ensures the industry's success while still having to keep pace with their innovation in product and services. They offer a competitive zone that incites the growth of technologies and quality assurance. They operate on a global scale and have a wide range of product lines ensuring that the market players compete on a fair playing field bringing in innovations that result in the market's evolution.

In 2020, Insightra Medical Inc. reports the company has entered into an asset purchase agreement with Medical Vision AB, a Stockholm, Sweden based business that has concentrated on develops state of art arthroscopic pumps and fluid management systems.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2016-2027

Base Year 2019

Forecast Period 2020-2027

Historical Period 2016-2018

Unit Value (USD million)

Segmentation By Product Type

Pump Management Disposables

Gravity Management Disposables

By Application

Hospitals

Medical Centers

Others

By Geography

North America (U.S. and Canada)

Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)

Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)

Latin America (Brazil, Mexico, and Rest of Latin America)

Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)