New Report Prescribes Strong Growth For Arthroscopy Devices Market

Press Release : April 23, 2020
New Report Prescribes Strong Growth For Arthroscopy Devices Market

Arthroscopy Devices Market is valued around USD 4.53 Billion in 2019 and expected to reach USD 7.97 Billion by 2030 with the CAGR of 5.20% over the forecast period.                            

Arthroscopy Devices are small and equipped with optic fiber as well as magnifying lens for better diagnosis. These devices are used for the diagnosis and treatment of orthopedic conditions through minimally invasive surgical procedure. These devices enlarge and illuminate the structure which enable the healthcare professional properly examine the problem. These devices also help in implant which reduces the need for joint replacement surgeries.

Global Arthroscopy Devices Market report is segmented on the basis of products, application, end user and by regional. Based upon product, the arthroscopy devices market is fragmented into arthroscopes, arthroscopic implants, fluid management systems, radiofrequency (RF) systems, visualization systems, powered shaver systems, and other arthroscopy equipment. On the basis of application, the market is categorized into Knee Arthroscopy, Hip Arthroscopy, Spine Arthroscopy, Foot & Ankle Arthroscopy, Shoulder & Elbow Arthroscopy, and Other. On the basis of end user, the market is divided into hospitals, ambulatory surgical centers, and orthopedic clinics. The regional bifurcation of countries includes North America, Europe, Asia-Pacific, and RoW which are further segmented into major countries such as U.S., UK, France, and others.

The arthroscopy devices market is mainly driven by the constant rising demand of minimally invasive procedures supported by the constant development of healthcare facilities & infrastructure over the period of time. On the other hand, high prevalence rate of orthopedic disorders and growth in sports injuries associated with sports activities. Moreover, presence of geriatric population along with rapid surge in joint replacement procedures followed by increase in disposable income in developing economies are also likely to further expected to escalate the market growth. However, high cost of minimally invasive procedures as well as arthroscopic devices may act as restrain for the market growth. On the contrary, surge in research & development activities together with technological advancement may further create ample opportunities to support market growth.

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The developed regions such as North America and Europe are expected to hold the major market share owing to the surge in minimally invasive surgical procedure supported by the presence of developed healthcare facilities as well as infrastructure. Asia Pacific is expected to dominate the arthroscopy devices market in terms of growth rate owing to the developing healthcare services along with large geriatric population base. In addition, growing prevalence of orthopedic conditions along with the growth in sport injuries are also contribution the market growth over the forecast period.

The major market players profiled in the arthroscopy devices market includes Conmed Corporation, Arthrex, Inc., KARL STORZ GmbH & Co. KG, Johnson & Johnson, Richard Wolf GmbH, Medtronic, Plc, Stryker Corporation, Smith & Nephew, Plc, Zimmer Biomet Holdings, Inc., Wright Medical Group N.V., Bioventus, Active implants, Cannuflow, Inc., Breg, Flexion Therapeutics, DJO Global, Inc., NuOrtho Surgical, Inc., MinInvasive Ltd, OrthoSpace, and ROG Sports Medicine among others.

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