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.
The market study is being classified by Type (Arthroscopy Implants, Arthroscope, Visualization Systems, RF Ablation Systems, Motorized Shavers and Fluid Management Systems), by Application (Knee Arthroscopy, Shoulder Arthroscopy and Other Arthroscopy Applications) 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 2024.
Research Analyst at AMA predicts that United States Players 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).
AdvanceMarketAnalytics has segmented the market 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). If we see Market by End User, the sub-segment i.e. Hospitals will boost the Arthroscopy Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
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 Players Continuously Focusing on Technologically Advanced Arthroscopy devices
- Increasing Cases of Sports Related Injuries
- Rising Geriatric Population and Incidence of Target Conditions
- Increasing Preference for Mis Procedures
- Expansion & Modernization of Healthcare Infrastructure Across Emerging Countries
- Surging Demand of Minimal Invasive Procedure
- High Cost of Arthroscopy Devices
- Reimbursement Challenges in the Medical Device Industry
- Dearth of Trained Personnel in Developing Economies
- Shift in Decision-Making in Hospitals
Key Target AudienceArthroscopy Instruments Bags Manufacturers, Third-Party Arthroscopy Instruments Product Suppliers, Raw Material Suppliers, Market Research and Consulting Firms, Regulatory Bodies, Venture Capitalists and End Users
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