What is Arthroscopy Devices Market Scope?
Arthroscopy devices are used to examine the bone joints for various specific conditions including osteoarthritis, rheumatoid arthritis, tendinitis and bone tumor. The surge in prevalence of musculoskeletal disorders (osteoarthritis and rheumatoid arthritis) due to the rapidly increases in number of geriatric population is one of the factor to drive the demand for arthroscopy procedure globally. In the current scenario, medicine allows the use of arthroscopy not only in the case of diseases of larger joints such as the knee, elbow or shoulder, but is now also successfully used in the wrist, hand and foot.
Arthroscopy Devices Market Dynamics:
- Rising Geriatric Population and Incidence of Target Conditions
- Increasing Preference for Mis Procedures
- Key Players Continuously Focusing on Technologically Advanced Arthroscopy devices
- Increasing Cases of Sports Related Injuries
- High Cost of Arthroscopy Devices
- Reimbursement Challenges in the Medical Device Industry
|Road Blocks / Challenges|
- Dearth of Trained Personnel in Developing Economies
- Shift in Decision-Making in Hospitals
|Gaps & Opportunities|
- Expansion & Modernization of Healthcare Infrastructure Across Emerging Countries
- Surging Demand of Minimal Invasive Procedure
The Arthroscopy Devices market study is being classified by Type (Arthroscopy Implants, Arthroscope, Visualization Systems, RF Ablation Systems, Motorized Shavers and Fluid Management Systems), by Application and major geographies with country level break-up. According to AMA, the Global Arthroscopy Devices market is expected to see growth rate of 5.8% and may see market size of USD6.88 Billion by 2027.
Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Arthroscopy Devices market throughout the predicted period.
Arthrex (United States), Smith & Nephew (United Kingdom), DePuy Synthes (United States), Stryker (United States), CONMED (United States), Zimmer Biomet (United States), Medtronic (Ireland), Karl Storz (Germany), B. Braun (Germany), Olympus (Japan) and Richard Wolf (Germany) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are MEDICON (Germany), Sklar (United States), Millennium (United States) and GPC Medical (India).
Analyst at AMA have segmented the market study of Global Arthroscopy Devices market by Type, Application and Region.
On the basis of geography, the market of Arthroscopy Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region hold largest market share in the year 2021.
Market Influencers and their Development Strategies
In 2021, Arthrocare Corporation (acquired by Smith and Nephew) has a 510k Approval from the US FDA for the Werewolf+ Coblation System, Werewolf+ Controller, and Werewolf Fastseal 6.0 Hemostatic Wands.
In 2021, Healthium Medtech has launched an Arthroscopy product manufacturing facility in Ahemdabad. Arthroscopic products developed at the manufacturing facility are used to treat various knee and shoulder diseases, such as anterior cruciate ligament reconstruction and posterior cruciate ligament injuries., In 2021, Stryker received FDA approval for the first balloon implant for the arthroscopic treatment of massive irreversible rotator cuff tear (MIRCT). and In 2020, Medacta International is CE marked for Long Humeral Diaphysis and Stemless Humeral Metaphysis implants used in shoulder joint replacement.
European legislation ensures the safety and efficacy of medical devices and facilitates patientsí access to devices in the European market. To keep up with advances in science and technology, 2 new European regulations are replacing 3 existing directives in the years up to 2022
Key Target Audience
Arthroscopy Instruments Bags Manufacturers, Third-Party Arthroscopy Instruments Product Suppliers, Raw Material Suppliers, Market Research and Consulting Firms, Regulatory Bodies, Venture Capitalists and End Users
Arthroscopy Devices Market Study: Important Years
|Unit||Value (USD Billion)|
|Customization Scope||Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility|
Major Highlights of Market StudyDemand Determinants:
Identifying top-notch application and business segments that seek high growth potentials in Arthroscopy Devices Market.Key Strategic Developments:
To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.Forces & Market Dynamics:
Growth drivers, restraints & opportunities available in Arthroscopy Devices industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.