Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Arthroscopy Devices Market – Insights

A procedure for diagnosing and treating internal body parts is known as arthroscopy, and the devices used for examination are known as arthroscopy devices. Arthroscopy is a minimally invasive procedure and is performed by inserting a small probe through an incision. The primary application of arthroscopy is diagnosis of inner structure of the body. As the name suggests, surgical arthroscopy is the use of these devices during surgical procedures. Arthroscopy is widely used by orthopedic doctors to treat bone disorders and joint problems such as knee, shoulder and elbow related disorders.

Arthroscopy devices include mechanical instruments, motorized instruments, electrosurgical instruments, and special instruments such as probes, punches, shavers, electrocautery electrodes, laser, ACL sets, and meniscus repair sets. Arthroscopy procedures are minimally invasive which can prevent post-surgery complications, infections during surgery, and also help in reducing patient recovery time.

The global arthroscopy devices market was valued at US$ 4,310.3 million in 2018, and is expected to witness a CAGR of 6.0% over the forecast period (2019 – 2027).

Global Arthroscopy Devices Market Share (%) Analysis, By Product Type, 2019

Arthroscopy Devices  | Coherent Market Insights

Source: Coherent Market Insights Analysis (2019)

High Cases of Joint Replacement Surgery and Increasing Geriatric Population is Expected to Drive Growth of the Arthroscopy Devices Market

Increasing demand for joint replacement procedures in North America is driving growth of the arthroscopy devices market. According to data of Canadian Institute for Health Information (CIHI) published in June 2019, around 130,000 knee and hip surgeries are performed in Canada annually. According to the same source, during the period 2009 to 2015, knee replacement surgery and hip replacements surgery increased by 20.3% and 20% respectively. According to the Centers for Disease Control and Prevention (CDC), in the U.S. during 2013-2015 nearly 54.4 million adults were diagnosed with arthritis, and the number is expected to reach 78.4 million by 2040. Such factors are expected to facilitate demand for arthroscopy devices in the near future.

Furthermore, increasing geriatric population is a major factor driving growth of the arthroscopy devices market around the globe owing to increasing knee and joint related issues among the geriatric population. According to data published in 2014 by the Australian Commission on Safety and Quality in Health Care, in 2012-13, 33,682 patients over 55 years of age were admitted to hospitals for knee arthroscopy.

Arthroscopy Device Market - Restraints

One of the factors restraining growth of the arthroscopy devices market is the increasing number of FDA recalls due to product failures, component inconsistency or compromised sterility issues. For instance, in October 2014, the U.S. FDA recalled 'Shoulder Arthroscopy Pack' manufactured by Customed, Inc. because of significantly damaged sterility and packaging. Serious deficiencies in manufacturing processes, and uncontrolled and inadequate storage conditions increase risk of contamination and may result in patient infection. Thus, manufacturing issues or product failures are expected to hamper growth of the arthroscopy devices market.

Arthroscopy Device Market - Regional Insights

On the basis of region, the global Arthroscopy Device market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is projected to hold a dominant position in the global arthroscopy device market during the forecast period, owing to increasing prevalence of bone related disorders, which, in turn, are expected to increase demand for diagnostic testing devices such as arthroscopes. For instance, according to data published by the Centers for Disease Control and Prevention (CDC) in 2017, around 54.4 million people in the U.S. had some form of arthritis and rheumatoid arthritis during 2013-2015. This number is expected to increase to around 78 million by 2040.

Asia Pacific is expected to witness rapid growth in the arthroscopy devices market. The market in Asia Pacific is expected to gain momentum during the forecast period, owing to increasing aging population in the region. For instance, according to the Ministry of Statistics and Program Implementation, in 2016, 103 million people in India were over 60 years of age.

Global Arthroscopy Devices Market Value (US$ Mn) & Y-o-Y Growth (%), 2017-2027

Arthroscopy Devices  | Coherent Market Insights

 Source: Coherent Market Insights Analysis (2019)

Arthroscopy Devices Market - Competitive Landscape

Key players operating in the global arthroscopy devices market include Smith & Nephew Plc, Olympus Corporation, Johnson & Johnson (DePuy Synthes Inc.), Stryker Corporation, CONMED Corporation, Vimex Sp. z o.o., and Karl Storz SE & Co. KG.

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:

  • This report provides in-depth analysis of the arthroscopy devices market, market size (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the forecast period: 2019 – 2027, considering 2018 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by leading players
  • It profiles key players in the global arthroscopy devices market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
  • Key players covered as a part of this study include Smith & Nephew Plc, Olympus Corporation, Johnson & Johnson (DePuy Synthes Inc.), Stryker Corporation, CONMED Corporation, Vimex Sp. z o.o., and Karl Storz SE & Co. KG
  • Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to future product launch, governmental initiatives, technological up-gradation, market expansion, and marketing tactics
  • The global arthroscopy devices market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors, and suppliers for arthroscopy devices market, research and consulting firms, new entrants, and financial analysts

Detailed Segmentation:

  • Global Arthroscopy Devices Market, By Product Type:
    • Arthroscopes
    • Arthroscopy Shavers
    • Arthroscopy Fluid Management System
    • Arthroscopy Implants
    • Arthroscopy Radio Frequency Systems
    • Arthroscopy Visualization Systems
  • Global Arthroscopy Devices Market, By Application:
    • Knee Implant
    • Shoulder Implant
    • Hip Implant
    • Others
  • Global Arthroscopy Devices Market, By Region:
    • North America
      • By Country:
        • U.S.
        • Canada
      • By Product Type:
        • Arthroscopes
        • Arthroscopy Shavers
        • Arthroscopy Fluid Management System
        • Arthroscopy Implants
        • Arthroscopy Radio Frequency Systems
        • Arthroscopy Visualization Systems   
      • By Application:
        • Knee Implant
        • Shoulder Implant
        • Hip Implant
        • Others
    • Europe
      • By Country:
        • U.K.
        • Germany
        • Italy
        • Spain
        • France
        • Russia
        • Rest of Europe
      • By Product Type:
        • Arthroscopes
        • Arthroscopy Shavers
        • Arthroscopy Fluid Management System
        • Arthroscopy Implants
        • Arthroscopy Radio Frequency Systems
        • Arthroscopy Visualization Systems   
      • By Application:
        • Knee Implant
        • Shoulder Implant
        • Hip Implant
        • Others
    • Asia Pacific
      • By Country:
        • Australia
        • India
        • China
        • Japan
        • ASEAN
        • South Korea
        • Rest of Asia Pacific
      • By Product Type:
        • Arthroscopes
        • Arthroscopy Shavers
        • Arthroscopy Fluid Management System
        • Arthroscopy Implants
        • Arthroscopy Radio Frequency Systems
        • Arthroscopy Visualization Systems   
      • By Application:
        • Knee Implant
        • Shoulder Implant
        • Hip Implant
        • Others
    • Latin America
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
      • By Product Type:
        • Arthroscopes
        • Arthroscopy Shavers
        • Arthroscopy Fluid Management System
        • Arthroscopy Implants
        • Arthroscopy Radio Frequency Systems
        • Arthroscopy Visualization Systems   
      • By Application:
        • Knee Implant
        • Shoulder Implant
        • Hip Implant
        • Others
    • Middle East
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
      • By Product Type:
        • Arthroscopes
        • Arthroscopy Shavers
        • Arthroscopy Fluid Management System
        • Arthroscopy Implants
        • Arthroscopy Radio Frequency Systems
        • Arthroscopy Visualization Systems   
      • By Application:
        • Knee Implant
        • Shoulder Implant
        • Hip Implant
        • Others
    • Africa
      • By Country:
        • South Africa
        • Central Africa
        • North Africa
      • By Product Type:
        • Arthroscopes
        • Arthroscopy Shavers
        • Arthroscopy Fluid Management System
        • Arthroscopy Implants
        • Arthroscopy Radio Frequency Systems
        • Arthroscopy Visualization Systems   
      • By Application:
        • Knee Implant
        • Shoulder Implant
        • Hip Implant
        • Others
  • Company Profiles
    • Smith & Nephew Plc.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Highlights
      • Strategies
    • Olympus Corporation
    • Johnson & Johnson (DePuy Synthes Inc.)
    • Stryker Corporation
    • CONMED Corporation
    • Vimex Sp. z o.o.
    • Karl Storz SE & Co. KG.

“*” marked represents similar segmentation in other categories in the respective section

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Overview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Market Trends
    • Key Developments
    • Regulatory Landscape
    • Product Recall
    • Epidemiology Analysis
    • Technology Overview
    • PEST Analysis
    • Porter’s Five Forces model
  4. Global Arthroscopy Devices Market, By Product Type, 2019 – 2027, (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Arthroscopes
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
    • Arthroscopy Shavers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
    • Arthroscopy Fluid Management System
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
    • Arthroscopy Implants
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
    • Arthroscopy Radio Frequency Systems
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
    • Arthroscopy Visualization Systems
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
  5. Global Arthroscopy Devices Market, By Application, 2019 – 2027, (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Knee Implant
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
    • Shoulder Implant
      • Introduction    
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
    • Hip Implant
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
  6. Global Arthroscopy Devices Market, By Region, 2019 – 2027, (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2017 – 2027
      • Regional Trends
    • North America
      • Market Size and Forecast, By Product Type, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By Application, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2019 – 2027, (US$ Million)
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast, By Product Type, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By Application, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2019 – 2027, (US$ Million)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By Application, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2019 – 2027, (US$ Million)
        • China
        • Japan
        • India
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast, By Product Type, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By Application, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2019 – 2027, (US$ Million)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Africa
      • Market Size and Forecast, By Product Type, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By Application, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2019 – 2027, (US$ Million)
        • North Africa
        • Central Africa
        • South Africa
    • Middle East
      • Market Size and Forecast, By Product Type, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By Application, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2019 – 2027, (US$ Million)
        • GCC Countries
        • Israel
        • Rest of Middle East
  7. Competitive Landscape
    • Company Profiles
      • Smith & Nephew Plc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Olympus Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Johnson & Johnson (DePuy Synthes Inc.)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Stryker Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • CONMED Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Vimex Sp. z o.o.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Karl Storz SE & Co. KG.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
    • Analyst Views
  8. Section
    • References
    • Research Methodology
    • About Us and Sales Contact

*Browse 23 market data tables and 29 figures on "Arthroscopy Devices Market” - Global forecast to 2027”

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