Arthroscopy
Devices Market by Product Type, by Application - Global Opportunity Analysis
and Industry Forecast, 2020 - 2030
Bharat Book Bureau Provides the Trending Industry Research Report on "Arthroscopy Devices Market by Product Type (Arthroscopes, Arthroscopic Implants, Fluid Management Systems, Radiofrequency (RF) Systems, Visualization Systems, Powered Shaver Systems, and Other Arthroscopy Equipment), by Application (Knee Arthroscopy, Hip Arthroscopy, Spine Arthroscopy, Foot & Ankle Arthroscopy, Shoulder & Elbow Arthroscopy, and Other) - Global Opportunity Analysis and Industry Forecast, 2020 - 2030" under Medical Devices Market ResearchCategory. The report offers a collection of superior Industry research, Industry analysis, competitive intelligence and Industry reports.
The Global Arthroscopy Devices Market was valued at USD 4.53 billion in 2019, and is estimated to garner USD 7.97 billion by 2030, expanding at a CAGR of 5.20% during the forecast period, from 2020 to 2030.
Arthroscopy devices are small, pen-shaped instruments. These devices help in the diagnosis and the treatment of various ailments and disorders such as osteoarthritis and rheumatoid arthritis. Arthroscopy devices are utilized by orthopedic surgeons during the examination of joint-related issues. The devices includes optical fibers to provide light and small lenses for magnifying the afflicted area or joint.
Market Dynamics and Trends
The expansion of the global arthroscopy device market is attributed to the growing demand of various joints and orthopaedic ailments such as rheumatoid arthritis and osteoarthritis. Increase in the number of sports injuries and joint replacement surgeries and rise in geriatric population. Moreover, developments in the healthcare infrastructure, increase in disposable income, and surge in the demand for minimally invasive procedure are expected to propel the market growth.
However, high cost of devices is expected to hamper the market growth. On the otherhand, technological advancements and increasing investments in R&D activities are expected to create lucrative opportunities in the market during the forecast period.
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Market Segmentations and Scope of the Study:
The global arthroscopy devices market is segmented
on the basis of product type, application, and geography. In terms of product
type, the market is segmented into arthroscopic implants, arthroscopes, fluid
management systems, radiofrequency (RF) systems, visualization systems, powered
shaver systems, and other arthroscopy equipment. The arthroscopic implants
segment is sub-segmented into Knee Implants, Hip Implants, Shoulder Implants,
and others. The radiofrequency (RF) systems segment is trifurcated into RF
generators, radiofrequency probes & wands, and Footswitch. Based on
application, the market is segregated into knee arthroscopy, hips arthroscopy,
spine arthroscopy, foot & ankle arthroscopy, shoulder & elbow
arthroscopy, and others arthroscopy applications. On the basis of geography,
the arthroscopy devices market is classified as North America, Europe,
Asia-Pacific, and Rest of World (RoW).
Geographical Analysis
North America is expected to hold a major share of
the market during the forecast period owing to the rise in adoption of advanced
technology and advanced devices, growth in the prevalence of orthopedic
disorders, and surge in sports injuries.
The market in Asia Pacific is expected to grow owing to the development of healthcare facilities, increase in geriatric population, rise in joint replacement surgeries, and growth in minimally invasive surgeries.
Competitive Landscape
Key players in the global arthroscopy devices market
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.
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