Arthroscopy Devices Market
Arthroscopy is a minimally invasive surgical procedure performed by surgeons to diagnose and treat joint related disease. Arthroscopy involves a small incision through which a probe containing a small lens and lightening system to visualize inside structure of the body is inserted. Arthroscopic surgery is performed to treat acute or chronic injury related to knee, shoulder, hip and wrist by preventing post-surgery complications, infections, and involves minimal scarring at the surgery site.
There are various applications of arthroscopy devices such as knee, shoulder and hip implantation. Among these procedures, knee implantation contributes a major market share, followed by shoulder implantation owing to increasing number of knee and shoulder replacement surgeries worldwide.
Market Dynamics
The arthroscopy surgery is preferred for treating sports injuries due to its low recovery time and minimally-invasive nature. Increasing number of arthroscopy procedures due to sport injuries is another factor driving growth of arthroscopy devices market. For instance, According to the Centre for Disease Control and Prevention (CDC) National Health Statistics Report of 2016, around 8.6 million people suffered from sports and recreation related injuries from 2011 to 2014 in the U.S.
However, factors such as high cost associated with the arthroscopic surgeries is expected to hamper growth of the arthroscopy devices market in the near future. For instance, in February 2019, according to the Ambulatory Surgery Centre Association (ASCA), the average cost of arthroscopic knee surgery in the U.S. is $18,975, although prices can range from US$ 5,700 to US$ 23,600.
Key features of the study
Market Segmentation
Table of Contents
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