Arthroscopy Devices Market Analysis and Forecast to 2031: By Type (Arthroscopes, Arthroscopic Implants, Fluid Management Systems, Radiofrequency Systems, Visualization Systems, Powered Shavers, Others), Application (Knee Arthroscopy, Hip Arthroscopy, Shou

Arthroscopy Devices Market Analysis and Forecast to 2031: By Type (Arthroscopes, Arthroscopic Implants, Fluid Management Systems, Radiofrequency Systems, Visualization Systems, Powered Shavers, Others), Application (Knee Arthroscopy, Hip Arthroscopy, Shoulder & Elbow Arthroscopy, Others), and Region

The arthroscopy devices market was valued at USD 5.0 Billion in 2021 and it is anticipated to grow further till USD 14.0 Billion by 2031, at a CAGR of 10.8% during the forecast period.

An arthroscope is a device used in medicine to examine, diagnose, and treat bodily joints such the knee, hip, spine, shoulder, and elbow. Osteoarthritis, rheumatoid arthritis, tendinitis, and bone malignancies can all be detected using arthroscopy equipment. Due to an increase in sports injuries where arthroscopic surgery may be used to avoid complete joint replacements, the market for arthroscopic devices is anticipated to develop.
Global Arthroscopy Devices Market Scope and Report Structure
Market Trends and Drivers
The development of musculoskeletal conditions like osteoarthritis and rheumatoid arthritis increases the need for arthroscopy procedures as a result of the ageing population. The market for arthroscopy devices is also being driven by the increase in sports injuries that require arthroscopic operations to prevent total joint replacements. The expansion of the global market is also likely to be aided by favourable reimbursement policies in developed nations, an increase in medical tourism in developing nations, and expanding healthcare infrastructure. Over the course of the forecast period, arthroscopic implants are likely to maintain their dominance in the market for arthroscopy devices worldwide.
Market Restraints and Challenges
Arthroscopic equipment is too expensive and out of the reach of those with average or low salaries. The high cost of arthroscopy devices, which includes infrastructure and training expenses, is another issue restraining the market's expansion. The global market for arthroscopy devices will also face significant challenges due to a lack of qualified experts.

Global Arthroscopy Devices Market Segmental Overview
The global arthroscopy devices market is segmented into type, application, and region.

Global Arthroscopy Devices Market by Type

Based on type, it is segmented into arthroscopes, arthroscopic implants, fluid management systems, radiofrequency systems, visualization systems, powered shavers, and others. The arthroscopes segment is anticipated to dominate the market during the forecast period. The growing need for joint replacement procedures is driving growth in the market for arthroscopy devices. Additionally, the ageing population is experiencing an increase in knee and joint disorders, which is a major driver driving growth in the global market for arthroscopy devices. In 2019, there were 1 billion people aged 60 or older, and the World Health Organization predicts that number will increase to 1.4 billion by 2030 and 2.1 billion by 2050. The demand for arthroscopy devices will likely increase in the near future as more people develop musculoskeletal diseases.

Global Arthroscopy Devices Market by Application

Based on application, it is segmented into knee arthroscopy, hip arthroscopy, shoulder & elbow arthroscopy, and others. Knee arthroscopy is anticipated to dominate the market during the forecast period. The rise in the number of sports-related injuries due to the increase in the number of sports tournaments has increased the use of arthroscopy devices. Adding to that, there is an increase in demand for invasive treatments. Moreover, advancements in technologies enabled the use of arthroscopy devices for a wide range of bone and joint ailments thereby being a major arthroscopy devices market opportunity.
Geographical Analysis of the Global Arthroscopy Devices Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated to dominate the market during the forecast period. The increase in complexity and variety of surgical operations, along with early adoption of new technologies, will help North America to keep its leadership position. The need for arthroscopy equipment will continue to rise as more cases of arthroscopies are done in the North American region. Additionally, it is anticipated that there will be a rise in demand for arthroscopy devices due to the rising prevalence of chronic diseases and orthopaedic conditions, particularly among the geriatric population.
Major Players in the Global Arthroscopy Devices Market
The key players studied in the global arthroscopy devices are 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. among others.
COVID-19 Impact
During the Covid-19 outbreak, there was a sharp increase in demand for medical goods. Manufacturers stopped or curtailed the manufacturing of arthroscopic devices in order to meet the rising demand for medical supplies like masks, gloves, and protective eyewear while starting the production of PPEs to guarantee a steady supply in the market. Additionally, non-essential procedures and treatments were stopped or delayed as a result of the government's rigorous lockdowns and directives, which reduced the demand for arthroscopic devices. The market for arthroscopy equipment was significantly impacted by the COVID-19 outbreak, although it recovered when the situation became better.
Recent Developments

February 2022, Formus Labs raised USD 5 million and struck a partnership with Zimmer Biomet for the co-development and global distribution of its technology.
December 2020, Arthrex Inc. launched SwiveLock ACL Repair Kit, the first and only Food and Drug Administration-cleared primary kit for repairing anterior cruciate ligament (ACL) tears.
December 2018, In2Bones introduced Pitstop, a see-through PEEK-based implant for correction of pediatric and adult flat foo deformity. The device is intended to help restore the stability of a patient’s arch while walking.
December 2018, In2Bones Global, Inc. introduced the US Commercial market release of the CoLink Afx Ankle Fracture System. The system is a collection of five plate families that address traumatic fractures and osteotomies of the ankle.

Frequently Asked Questions
Q1. How big is the Arthroscopy Devices market?

Ans. The global Arthroscopy Devices market size was USD 5.0 Billion in 2021 and it is anticipated to grow further till USD 14.0 Billion by 2031, at a CAGR of 10.8% from 2022 to 2031.

Q2. What is the Arthroscopy Devices market growth rate?

Ans. The growth rate of the Arthroscopy Devices market is 10.8%.

Q3. Which region holds a major market share for the Arthroscopy Devices market?

Ans. North America holds a major market share of the Arthroscopy Devices market in 2021.

Q4. Which segment accounted for the largest Arthroscopy Devices market share?

Ans. By application, the knee arthroscopy segment accounted for the largest Arthroscopy Devices market share.

Q5. Who are the key players in the Arthroscopy Devices market?

Ans. The global Arthroscopy Devices market report includes players such as 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. among others.

Q6. What are the factors driving the Arthroscopy Devices market growth?

Ans. The major factors driving the growth of the market are the growing healthcare market in emerging countries.

Q7. What are the key growth strategies of Arthroscopy Devices market players?

Ans. The key growth strategies of Arthroscopy Devices market players are product launch and product approval.

Q8. Which region will provide more business opportunities for the Arthroscopy Devices market during the forecast period?

Ans. The Asia-Pacific region will provide more business opportunities for the Arthroscopy Devices market during the forecast period.

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