Global Arthroscopy Devices Market, By Product Type (Arthroscopes, Arthroscopy Shavers, Arthroscopy Fluid Management System, Arthroscopy Implants, Arthroscopy Radio Frequency Systems and Arthroscopy Visualization Systems), By Application (Knee Implant, Shoulder Implant, Hip Implant, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 4,310.3 million in 2018, and is projected to exhibit a CAGR of 6.0% over the forecast period (2019 - 2027). Technological advancements, rising demand for arthroscopic surgeries, product development, and increasing number of knee implantation and hip implantation procedures among others, are major factors driving growth of the arthroscopy devices market. Key players operating in the arthroscopy devices market are focused on technically advanced products. Moreover, with developing technology, patients' preferences for diagnosis of knee disorders are shifting from traditional to modern procedures that are minimally invasive. These factors are expected to accelerate demand for arthroscopy devices in the market. For instance, in September 2016, Vimex Sp Z o.o. launched ANTARES, a full HD endoscopic camera with a built-in recorder at the XLI Scientific Congress of the Polish Society of Orthopedics and Traumatology, in Lublin. In May 2016, DePuy Orthopaedics, Inc., part of the DePuy Synthes Companies of Johnson & Johnson, acquired privately-held BioMedical Enterprises, Inc. a key manufacturer of Nitinol orthopaedic implants for small bone fixation. Furthermore, incorporating different technologically features such as wireless camera heads and high-definition monitors are expected to boost adoption of arthroscopy devices globally. Major players are offering customizable devices to doctors for enhancing their market presence. For instance, Olympus offers a multi-specialty digital imaging platform to perform each specialized procedure along with maintaining guidelines, and allows healthcare professionals to record, store and share high quality moving images. The enhanced design of arthroscopic devices with steam sterilization and complex cameras offered by companies such as Smith & Nephew are expected to facilitate adoption of such devices.
Browse 23 Market Data Tables and 29 Figures spread through 180 Pages and in-depth TOC on "Arthroscopy devices Market, By Product Type (Arthroscopes, Arthroscopy Shavers, Arthroscopy Fluid Management System, Arthroscopy Implants, Arthroscopy Radio Frequency Systems and Arthroscopy Visualization Systems), By Application (Knee Implant, Shoulder Implant, Hip Implant, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Global Forecast to 2027"
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The wide adoption of technologically advanced and different types of implants such as cement less prosthetics is also supporting growth in number of procedures involving such type of implantations. The other factors such as increasing in rate of road accidents and growing obese population worldwide leading to the increasing incidence of knee pain, fractures and osteoarthritis which also known as degenerative joint disease. Key Takeaways of the Arthroscopy Devices Market:
- The global arthroscopy devices market is expected to expand at a CAGR of 6.0% during the forecast period (2019–2027), owing to increasing technological advancement, rising adoption of arthroscopic surgeries, and new product developments
- Among product type, the arthroscopes segment is expected to hold major revenue share in 2027 owing to increasing product launches. For instance, in May 2018, DePuy Synthes launched a knee arthroscopy solution called TRUESPAN Meniscal Repair System as part of its Mitek Sports Medicine portfolio. The new device is developed to facilitate simple and reproducible meniscal repair during arthroscopy surgeries in Europe, the Middle East, and Africa. Moreover, it is intended to further enhance operating room efficiency.
- Major 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.
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