Overview and Scope
Arthroscopy devices and equipment are used in arthroscopy procedures (a minimally invasive procedure) for the diagnosis and treatment of joint problems such as torn cartilage, ACL, and sports-related injuries of the hip, knee, shoulder, spine, ankle, wrist, and elbow.
Sizing and Forecast
The arthroscopy devices and equipment market size has grown strongly in recent years. It will grow from <b>$5.64 billion in 2023 to $6.05 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. </b> The growth in the historic period can be attributed to orthopedic conditions prevalence, minimally invasive surgery, aging population, sports medicine.
The arthroscopy devices and equipment market size is expected to see strong growth in the next few years. It will grow to <b>$7.95 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. </b> The growth in the forecast period can be attributed to emerging markets growth, regulatory support and reimbursement, telehealth and remote consultation, value-based healthcare. Major trends in the forecast period include augmented reality (ar) and virtual reality (vr), 3d imaging and printing, artificial intelligence (ai), sustainable practices.
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Segmentation & Regional Insights
The arthroscopy devices and equipment market covered in this report is segmented –
1) By Product: Arthroscopes, Arthroscopy Shavers, Arthroscopy Fluid Management System, Arthroscopy Radiofrequency System, Arthroscopy Visualization System, Arthroscopy Implants
2) By Application: Knee Arthroscopy, Hip Arthroscopy, Spine Arthroscopy, Foot & Ankle Arthroscopy, Shoulder & Elbow Arthroscopy, Other Applications
3) By End User: Hospitals, Ambulatory Care, Trauma Centers
<b>North America</b> was the largest region in global arthroscopy devices and equipment market in 2023. <b>Western Europe</b> was the second-largest region in global arthroscopy devices and equipment market. The regions covered in the arthroscopy devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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Major Driver Impacting Market Growth
The growth in the older population is expected to drive the arthroscopy devices and equipment market going forward. The older population is prone to a number of orthopedic disease conditions such as arthritis, rheumatoid arthritis, and osteoarthritis. As more people enter the older age group, there is a higher likelihood of conditions such as osteoarthritis and other joint ailments, which often necessitate arthroscopic procedures for diagnosis and treatment. For instance, in October 2022, according to the World Health Organization, a US-based specialized health agency, Globally, 1 in 6 individuals will be 60 or older by 2030, and by 2050, there will be a double number of individuals in this age group (2.1 billion). Therefore, the increasing older population is expected to drive the market during the forecast period.
Key Industry Players
Major companies operating in the arthroscopy devices and equipment market include <b> Arthrex Inc., Smith & Nephew plc, ConMed Corporation, Stryker Corporation, Medtronic plc, Karl Storz SE & CO. KG, ArthroCare, Richard Wolf GmbH, DePuy Synthes Companies, Aesculap AG & Company, CorTek Endoscopy, Aurora Spine Corporation, Agilent Technologies Inc., Vimex SP. Z O. O, Cannuflow Inc., Wright Medical Group N.V., Zimmer Biomet Holdings Inc., GPC Medical Ltd., Breg Inc., Performance Health International Limited, Bauerfeind AG, Mueller Sports Medicine, RTI Surgical Holdings, Bioventus LLC, MedicalExpo, Outcare Medical Devices Pvt. Ltd. </b>
The arthroscopy devices and equipment market report table of contents includes:
1. Executive Summary
2.Arthroscopy Devices And Equipment Market Characteristics
3.Arthroscopy Devices And Equipment Market Trends And Strategies
4.Arthroscopy Devices And Equipment market analysis
5.Arthroscopy Devices And Equipment Market Size And Growth
6. Arthroscopy Devices And Equipment Segmentation
7.Arthroscopy Devices And Equipment Regional And Country Analysis
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27.Arthroscopy Devices And Equipment Competitive Landscape And Company Profiles
28. Arthroscopy Devices And Equipment Key Mergers And Acquisitions
29.Arthroscopy Devices And Equipment Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Arthrex Inc.
- Smith & Nephew plc
- ConMed Corporation
- Stryker Corporation
- Medtronic plc
- Karl Storz SE & CO. KG
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