Arthroscopy Devices Market
Business

Arthroscopy Devices Market Analysis Report, Share, Size, and Overview

According to the latest report by IMARC Group, titled “Arthroscopy Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022- 2027,” the global arthroscopy devices market size reached US$ 4.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.7 Billion by 2027, exhibiting a growth rate (CAGR) of 7.97% during 2022-2027. Arthroscopy devices refer to medical equipment and tools that are used to visualize, examine and conduct therapeutic interventions inside the body joints, such as the hip, knee, shoulder, spine, and elbow. They are generally utilized by healthcare professionals during specific conditions, including rheumatoid arthritis, bone tumor, osteoarthritis, and tendinitis. They are mainly equipped with small lenses and are inserted into the patient’s body to examine the structures and abnormalities inside the joints. The demand for arthroscopy devices across the globe is rising due to the increasing prevalence of bone-related and musculoskeletal disorders among the masses.

The rapid outbreak of coronavirus disease (COVID-19) and the subsequent lockdown restrictions had negatively impacted the arthroscopy devices market. With an increase in deferred and canceled treatment procedures and expanding healthcare costs have negatively affected the market. However, with a rise in surgery rates in the post-pandemic period due to the ease of lockdown restrictions and the widespread adoption of improved safety protocols across hospitals, there has been a considerable increase in the utilization of arthroscopy devices. 

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.

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Global Arthroscopy Devices Market Trends:

The global market is primarily driven by the rising geriatric population, which is more susceptible to bone-related disorders. Along with this, the increasing preference for minimally invasive (MI) treatment procedures among individuals due to their several benefits, such as quick recovery rate, increased accuracy, and shorter hospital stays, is impacting the market favorably. In addition to this, the growing incidences of sports injuries that require immediate arthroscopy procedures in order to prevent joint replacements are positively influencing the product demand on the global level. Moreover, the development of technologically advanced product variants and various innovations in the field of sports medicine is creating a positive market outlook. Some of the other factors driving the market include rapid urbanization, extensive research and development (R&D) activities and the rising health consciousness among the masses.

Global Arthroscopy Devices Market 2022- 2027 Analysis and Segmentation:

Competitive Landscape with Key Players:

  •  Arthrex Inc.
  • CONMED Corporation
  • Johnson & Johnson Services Inc
  • Karl Storz SE & Co. KG
  • Medtronic Inc.
  • Richard Wolf GmbH
  • Smith & Nephew plc
  • Stryker Corporation,
  • Vimex Sp. z o.o.
  • Zimmer Biomet Holdings Inc., etc.

Breakup by Device Type:

  • Arthroscope
  • Arthroscopic Implant
  • Fluid Management System
  • Radiofrequency System
  • Visualization System
  • Others

Breakup by Arthroscopy Type:

  • Knee Arthroscopy
  • Hip Arthroscopy
  • Spine Arthroscopy
  • Shoulder and Elbow Arthroscopy
  • Foot and Ankle Arthroscopy
  • Others

Breakup by End-User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Orthopedic Clinics
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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