Global Arthroscope Market Overview:
Arthroscopy is mainly a surgical procedure that diagnoses, visualizes, and treats the problems related to the joints. During an arthroscopic exam, the surgeon inserts a pencil-sized instrument into the patient's skin. This instrument is known as an arthroscope. Arthroscopes are telescopic devices that allow visualization and therapeutic treatment of the interior of a joint (e.g. knee, shoulder, wrist, elbow, hip, and ankle). An arthroscope consists of a magnifying lens system enclosed in a rigid tube and is available in two basic optical designs: a rod lens system (long, rod-shaped lenses separated by small spaces) and a single-image fiber system (narrow) in diameter and containing an image-transmitting fiber bundle). In both designs, the lens system is surrounded by optical fibers that transmit light from a distant source into the interior of the joint. Accessories include irrigation / stretching systems, fiber optics, camera systems, lasers, and accessories for electrosurgery and razors. Diagnostic and surgical arthroscopes work similarly. Once the arthroscope is inserted, the lens system enlarges the inside of the joint by collecting light and focusing that light to create a real image. Surrounding optical fibers direct light to the other end of the oscilloscope for better visibility. The field of view is proportional to the diameter of an arthroscope, and manufacturers offer different diameters. Tools can be guided over the optical line of the arthroscope via an instrument channel.
- Increase In Geriatric and Ageing Population
- Increase in Joint Replacement Surgery
- Increase Demand for Minimal Invasive Procedures
- A Rise in Sports-Related Injuries
- The Rise in Awareness Pertaining To the Utilization of Arthroscopic Technologies
- Increase in Prevalence of Musculoskeletal Disorders
- Technological Advancements in Arthroscopic Implants
- High Cost of Arthroscopy, Implants, and Surgery
- Stringent Regulatory Requirements
- Growth in Economy and Private Healthcare Insurance Employments in Various Regions
- Rising Focus of Manufacturers towards Developing New Instruments for Complex Hip Arthroscopy Surgeries
- Absence of Skilled Professionals
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Olympus (Germany), Stryker Corporation (United States), Richard Wolf (United States), Karl Storz SE & Co. KG (Germany), Arthrex (United States), RUDOLF Medical GmbH + Co. KG (Germany), Smith & Nephew (United Kingdom), Ackermann (Germany), MJ Group (India) and Schölly Fiberoptic Gmbh (Germany). Additionally, following companies can also be profiled that are part of our coverage like Hangzhou Kangji Medical Instrument Co., Ltd. (China), Maxer Endoscopy GmbH (Germany), GPC Medical Ltd. (India) and Advin Health Care (India). Analyst at AMA Research see European Players to retain maximum share of Global Arthroscope market by 2026. Considering Market by Exanimating Parts, the sub-segment i.e. Knee will boost the Arthroscope market. Considering Market by End-Use, the sub-segment i.e. Specialty Orthopedic Centers will boost the Arthroscope market.
Latest Market Insights:
In November 2018, Stryker had announced the acquiring of the K2M, the aim of the acquisition was done with respect to serve innovative solutions together to the customers and at the same time expand the market.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Arthroscope market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Arthroscope market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Arthroscope, Suppliers and Distributors of Arthroscope, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.