The arthroscopic shavers global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Arthroscopic Shavers Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The arthroscopic shavers market size has grown strongly in recent years. It will grow from $1.84 billion in 2023 to $1.96 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to rising sports injuries, an aging population, healthcare infrastructure development, patient preference for minimally invasive surgeries, and the and the growing adoption of outpatient and ambulatory surgical centers.
The arthroscopic shavers market size is expected to see strong growth in the next few years. It will grow to $2.52 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to an aging population, an expansion of healthcare infrastructure, an increasing preference for disposable and single-use surgical instruments, strategic partnerships and collaborations, and rising demand for outpatient services. Major trends in the forecast period include the integration of robotics, personalized medicine, advancements in minimally invasive surgery, the adoption of single-use instruments, and portable arthroscopic shavers.
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Scope Of Arthroscopic Shavers Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Arthroscopic Shavers Market Overview
Market Drivers –
A rising number of sports-related injuries is expected to propel the growth of the arthroscopic shaver market going forward. Sports-related injuries are physical injuries that occur during athletic activities or exercise, often affecting muscles, bones, and joints. The increase in sports-related injuries is likely due to greater engagement in athletic pursuits, intensified training methods, and advancements in sports equipment that push physical boundaries, all contributing to a rise in injury rates among athletes globally. Arthroscopic shavers are used in the treatment of rising sports-related injuries to efficiently remove damaged tissue and repair joint structures through minimally invasive procedures, promoting quicker recovery and reduced downtime for athletes. For instance, in 2022, according to the National Safety Council, a US-based nonprofit public service organization promoting health and safety, the incidence of sports and recreational injuries reported in 2020 rose by 20% in 2021, with an additional 12% increase observed in 2022. Therefore, the rising number of sports-related injuries will drive the growth of the arthroscopic shaver market.
Market Trends –
Major companies operating in the arthroscopic shaver market are focusing on technological advancements such as wireless single-use shaver systems to enhance surgical efficiency and improve patient outcomes. An arthroscopic wireless single-use shaver system is a disposable, battery-powered surgical tool designed for minimally invasive joint procedures, offering the convenience of wireless operation to improve surgical efficiency and reduce infection risks. For instance, in January 2024, Integrated Endoscopy, a US-based manufacturer of advanced, integrated, and ergonomic endoscopic imaging systems for medical procedures, partnered with Frii Medical, a UK-based company that develops innovative medical devices, to launch a proprietary single-use shaver system globally. This innovative wireless shaver offers surgeons the freedom to operate without power cords, featuring a reusable motor/battery module and recharger station. Frii’s system eliminates sterilization costs and ensures consistent quality, significantly reducing the expenses of traditional shaver systems.
The arthroscopic shavers market covered in this report is segmented –
1) By Product Type: Arthroscopic Shaver Systems, Arthroscopic Shaver Accessories
2) By Application: Knee Arthroscopy, Hip Arthroscopy, Shoulder And Elbow Arthroscopy, Spine Arthroscopy, Foot And Ankle Arthroscopy, Other Applications
3) By End User: Hospitals, Ambulatory Surgical Centers, Orthopedic Clinics
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Regional Insights –
North America was the largest region in the arthroscopic shavers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the arthroscopic shavers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the arthroscopic shavers market are Johnson & Johnson Services Inc., Medtronic plc, Stryker Corporation, B. Braun Melsungen AG, Zimmer Biomet Holdings Inc., Olympus Corporation, Smith & Nephew plc, Arthrex Inc., DePuy Synthes Companies, KARL STORZ SE & Co. KG, CONMED Corporation, Wright Medical Group N.V., Bioventus, Richard Wolf GmbH, Breg Inc., Portescap, De Soutter Medical Limited, Sklar Surgical Instruments, GPC Medical Ltd., Ceterix Orthopaedics Inc, Cannuflow, Novetech Surgery, GENUINE MEDICA PVT. LTD., EndoMed Systems, OrthoSpace Ltd
Table of Contents
1. Executive Summary
2. Arthroscopic Shavers Market Report Structure
3. Arthroscopic Shavers Market Trends And Strategies
4. Arthroscopic Shavers Market – Macro Economic Scenario
5. Arthroscopic Shavers Market Size And Growth
…..
27. Arthroscopic Shavers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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