Overview

Arthroscopy Instruments Market Introduction:

Arthroscopy Instruments Market is estimated to value over USD 6.3 billion by 2027 end and register a CAGR of over 5.9% during the forecast period 2020 to 2027.

Arthroscopy was especially designed as a diagnosis machine in earlier days. But technological shifts and innovations in arthroscopy meant that it could be used as a surgical instrument as well. Currently, arthroscopy is an effective and widely used technique for surgery used by various medical doctors worldwide. This is one such device that has a fiber optic light, camera, monitor and small lens. The instrument is inserted into the bones of the patient to examine and treat the affected areas and is used for treating injuries pertaining to elbow, knee, hips, ankles, shoulders and wrists. In recent years, people have shown a tendency to opt for procedures, wherein, there is reduced pain and minimal invasiveness. This factor has been instrumental in propelling the global arthroscopic instruments market growth. Another driving force in the market is a rise in the geriatric population suffering from ailments such as arthritis. However, the lack of efficient surgeons and the exorbitant costs of the procedures, particularly in developing nations, have hampered the global arthroscopy instruments market potential.

Segmentation-wise, the type of the market has been bifurcated into motorized shaver, arthroscopic implants, arthroscopy, fluid management system, RF ablation and visualization systems. The exceptional growth of this segment is due, in part, because of the reduced life span of arthroscopes. This is a result of the sterilization process, which is undertaken to prevent infections.

A range of other arthroscopy applications include foot, hip, ankle, wrist, and elbow arthroscopy. The other applications segment is projected to be a rapidly growing segment because of the rise in the volume of hip arthroscopy procedures and a tendency to produce new instruments for complicated hip arthroscopy surgeries. Hospitals are predicted to capture the global market during the forecast time frame owing to the volume of surgeries that are performed in hospitals settings.

Major players in the global arthroscopy instrument market includes:

B. Braun , Arthex, GPC Medical, Karl Storz, Smith & Nephew, Stryker, Medicon, Conmed, Olympus, DePuy Synthes, Richard Wolf, Millennium.

Arthroscopy Instruments Market Segmentation:

By Product

Arthroscopic Implants
Arthroscopes
Visualization Systems
Motorized Shavers
Fluid Management Systems
Radiofrequency (RF) Ablation Systems

By Application

Knee Arthroscopy
Shoulder Arthroscopy
Other Arthroscopy Applications

By End User

Hospitals
Ambulatory Surgery Centers & Clinics

By Region

Europe
North America
Asia Pacific
Rest of the World

FutureWise Key Takeaways:

Growth prospects
SWOT analysis
Key trends
Key data-points affecting market growth

Objectives of the Study:

To provide with an exhaustive analysis on the arthroscopy instruments market by product, by application, by end user and by region
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific and the rest of the world
To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions

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