What is the present valuation and projected CAGR of the arthroscopy devices and equipment market?
The arthroscopy devices and equipment market size has grown strongly in recent years. It will grow from $5.69 billion in 2024 to $6.07 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. 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 $8.4 billion in 2029 at a compound annual growth rate (CAGR) of 8.4%. 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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What key drivers have fueled the arthroscopy devices and equipment market’s development over the years?
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.
What is the segmentation for the arthroscopy devices and equipment market?
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
Subsegments:
1) By Arthroscopes: Rigid Arthroscopes, Flexible Arthroscopes
2) By Arthroscopy Shavers: Electric Arthroscopy Shavers, Pneumatic Arthroscopy Shavers
3) By Arthroscopy Fluid Management System: Gravity-Based Fluid Management Systems, Pump-Based Fluid Management Systems
4) By Arthroscopy Radiofrequency System: Monopolar Radiofrequency Systems, Bipolar Radiofrequency Systems
5) By Arthroscopy Visualization System: Video Arthroscopy Systems, High-Definition Visualization Systems
6) By Arthroscopy Implants: Knee Arthroscopy Implants, Shoulder Arthroscopy Implants, Hip Arthroscopy Implants
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Who are the most influential companies in the arthroscopy devices and equipment market?
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.
What are the top industry trends projected to impact the arthroscopy devices and equipment market?
Major companies operating in the arthroscopy devices and equipment market are focusing on developing innovative devices such as Single-Use, 4K, Battery Operated Cordless Arthroscope to enhance surgical precision, improve patient outcomes, reduce the risk of infections, and provide greater flexibility and convenience during minimally invasive procedures. A Single-Use, 4K, Battery Operated Cordless Arthroscope is a medical device used in minimally invasive joint surgeries, designed to provide high-definition, real-time imaging for surgeons. For instance, in November 2022, Integrated Endoscopy, a US-based company that manufactures medical devices launched Gen II NUVIS Single-Use, 4K, Battery Operated Cordless Arthroscope, marking a significant advancement in arthroscopic surgical technology. This innovative device is designed to address the limitations of traditional reusable arthroscopes, offering enhanced image quality and operational efficiency.
What are the major regional insights for the arthroscopy devices and equipment market, and which region holds the top position?
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.
What Does The Arthroscopy Devices And Equipment Market Report 2025 Offer?
The arthroscopy devices and equipment market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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.
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