Rising incidence of arthritis and knee injuries, technological advancements in arthroscopic devices and procedures, and growing number of product launches are some factors expected to drive market revenue growth.
Rising incidence of arthritis and knee injuries, technological advancements in arthroscopic devices and procedures, and growing number of product launches are some factors expected to drive market revenue growth
The global arthroscopy market size is expected to reach USD 7.45 Billion in 2028 at a CAGR of 6.3% during the forecast period, according to the latest report by Reports and Data. Increasing prevalence of arthritis and sports-related knee injuries, advancements in arthroscopic procedures, availability of favorable reimbursement policies in various developed countries, and increasing investments to develop robust orthopedic surgical centers across the globe are key factors expected to drive market revenue growth over the forecast period. In addition, increasing focus on development of more advanced sports medicine, availability of skilled and expert professionals, and rising number of product launches by major players globally are some other factors expected to contribute to revenue growth of the market going ahead.
Arthroscopy is the most preferred orthopedic surgery across the globe as it is minimally invasive, and uses smaller incisions as compared to open surgery, enables better visualization, reduces morbidity, and can be performed as an outpatient surgery. This procedure can be used to evaluate partial or complete tear of ACL, meniscal pathology, and other joint problems that can be correctly identified and treated. It is minimally invasive surgical procedure; however, it has relatively low risk and lower rates of complications and infections. The surgery is performed using arthroscope, which is a flexible tube with high definition camera attached to one end. Recent advancements in arthroscope such as disposable arthroscopes, introduction of Ultra-High Definition (UHD) 4K technology in cameras, and integration of digital systems are factors further boosting adoption of orthopedic surgeries and is expected to drive market revenue growth over the forecast period.
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Arthroscopic procedures can be performed in outpatient settings and in clinics, and allows reduced hospitalization periods, ensure quicker recovery time and lesser surgical scars, and shorter post-operative management and these key factors are expected to further boost revenue growth of the market going ahead. However, certain side effects and complications associated with arthroscopic procedures, lack of awareness about arthroscopic devices in developing countries, absence of advanced healthcare facilities, and high costs associated with arthroscopic surgery are some key factors that could restrain market growth to a certain extent over the forecast period.
Some Key Highlights from the Report:
- Arthroscope segment is expected to account for largest revenue share over the forecast period attributable increasing number of arthroscopic procedures performed for knees, hip, shoulder, and wrist, technological advancements in arthroscope cameras, and introduction of more advanced guidance systems to minimize ricks of errors and damage to other tissues and nerves.
- Knee segment is expected to register significant revenue growth over the forecast period owing to growing prevalence of arthritis, increasing incidence of sports-related knee injuries, and advancements in knee arthroscopy.
- Hospitals segment is expected to register robust revenue CAGR over the forecast period attributable to availability of skilled and expert orthopedic doctors and surgeons, presence of well-developed surgical centers and medical equipment, availability of favorable reimbursement policies in various developed and developing countries, and growing network of dedicated orthopedic surgical hospitals across the globe.
- North America is expected to account for largest revenue share over the forecast period owing to growing prevalence of arthritis due to rapidly rising geriatric population, rapid technological advancements in arthroscopic procedures, introduced of advanced devices, and presence of various key players in countries in the region.
- Major companies profiled in the global market report include Stryker, Arthex Inc., DePuy Synthes Co., Arthrotek Inc., Smith & Nephew and ConMed Corp.
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For the purpose of this report, Reports and Data has segmented the global arthroscopy market based on type, application, end-use, and region:
Type Outlook (Revenue, USD Billion; 2018-2028)
- Arthroscope
- Implants
- Arthroscopy Shavers
- Visualization Systems
- Fluid Management
- Radio Devices
Application Outlook (Revenue, USD Billion; 2018-2028)
- Knee
- Shoulder
- Spine
- Hip
- Wrist
- Temporomandibular Joints
End-Use Outlook (Revenue, USD Billion; 2018-2028)
- Hospitals
- Ambulatory surgical centers and clinics
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Regional Outlook (Revenue, USD Billion, 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
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Some points on how the report benefits stakeholders:
- The reports include historical (2018–2020) and forecast (2021–2028) data points, revenues, and CAGR in table, figure, and chart formats, with detailed and qualitative, supporting written information for each.
- Revenue break-up is provided for each segment in these formats for global, regional, and for each country in the respective region for each year between 2018 and 2028.
- The report contains insights regarding growth drivers, restraints, opportunities, trends, company profiles, strategic developments, expansion details, product launches, and various other aspects related to the market.
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