The arthroscopy devices and equipment 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.
Arthroscopy Devices And Equipment 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 arthroscopy devices and equipment market size has grown strongly in recent years. It will grow from $5.64 billion in 2023 to $6.05 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. 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 $7.95 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. 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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Scope Of Arthroscopy Devices And Equipment 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.
Arthroscopy Devices And Equipment Market Overview
Market Drivers –
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.
Market Trends –
Major companies operating in the arthroscopy devices and equipment market are innovating new technology, such as the LENS 4K surgical imaging system for 4KO (optimized) arthroscopes, to gain a competitive edge in the market. The LENS 4K surgical imaging system for 4KO (optimized) arthroscopes in arthroscopy devices and equipment is a surgical video innovation. For instance, in April 2021, Smith & Nephew plc, a UK-based medical equipment manufacturing company, launched 4K surgical imaging technology for 4KO (optimized) arthroscopes. 4K surgical imaging technology for 4KO (optimized) arthroscopes is a surgical video platform designed with improved visualization and image quality that is intended to expand the capabilities of arthroscopic and endoscopic procedures. These 4KO (optimized) arthroscopes are available in C-mount couplers or video arthroscopes with different ranges of diameters and lengths.
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
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Regional Insights –
North America was the largest region in global arthroscopy devices and equipment market in 2023. Western Europe 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.
Key Companies –
Major companies operating in the arthroscopy devices and equipment market include 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.
Table of Contents
1. Executive Summary
2. Arthroscopy Devices And Equipment Market Report Structure
3. Arthroscopy Devices And Equipment Market Trends And Strategies
4. Arthroscopy Devices And Equipment Market – Macro Economic Scenario
5. Arthroscopy Devices And Equipment Market Size And Growth
…..
27. Arthroscopy Devices And Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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