Arthroscopy Instruments Market is Estimated to Value Over USD 6.3 Billion by 2026 End

  • 11 Oct 2019

Global Arthroscopy Instruments Market is estimated to value over USD 6.3 billion by 2026 end and register a CAGR of over 5.9% during the forecast period 2019 to 2026.

The global arthroscopy market produces a range of different manufactured products namely examination procedures and orthopedic surgical tools. The global arthroscopy instruments market growth is attributed to the rising levels of obesity, along with the geriatric population pool. In addition, athletes and sportsperson, who are inclined towards outdoor sports, are likely to sustain injuries. Other factors which are pushing the market growth are people who opt for procedures with reduced pain and far less invasiveness during the surgical procedure.

Arthroscopic surgery poses many benefits, namely, affordability, speedy recovery and minimal risks. Positive changes in medical tourism has augmented the growth of the market, particularly in the US. Medical tourism has been given government-sanctioned initiatives and provisions which give way for deals and packages. These packages and deals include follow-up appointments in the aftermath of the procedure and visas which can be easily acquired. Other positive aspects are that it has contributed towards the rise in disposable income, a hike in expenditure by patients and general social acceptance towards preventive treatment.

Growing occurrences of illnesses such as bone cancer, rheumatoid arthritis and osteoarthritis will lead to greater need for such instruments and this, in turn, will project a positive expanse in the global arthroscopy instruments market size. Furthermore, the arthroscopy market is predicted to make many strides during the forecast time frame owing to the customized surgical theaters which have undertaken standardized imaging techniques. These operation theaters would incorporate fluid management system, power instruments, cameras and endoscopes.

 

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.

 

Global 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

 

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 global 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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