By the end of 2032, the global keyhole orthopaedic surgery market is expected to generate more than $8 billion in incremental revenue. Keyhole orthopaedic surgery demand is expected to exceed US$ 5.5 billion by 2022, rising at a CAGR of 6% to 7% between 2022 and 2032.
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Keyhole orthopaedic surgery is a minimally invasive procedure that surgically examines and repairs bone, cartilage, and ligament damage. Keyhole orthopaedic surgery entails inserting a thin tube with a camera at one end into a joint through a small hole in the skin. Thus, the images produced by the arthroscope assist the surgeon in assessing joint damage and inserting surgical tools at the appropriate site without requiring open surgery.
Keyhole Orthopaedic Surgery: Market Dynamics
Keyhole orthopaedic surgery appears to be growing in the market due to an ageing and obese population, as well as advancements in latest technologies, which will drive the global keyhole orthopaedic surgery market. Keyhole orthopaedic surgery has grown in popularity among physicians due to its low risk of infection and reduced pain for patients. Aside from that, keyhole orthopaedic surgery has a significantly faster recovery time and leaves fewer scars, which will drive the global keyhole orthopaedic surgery market.
Furthermore, keyhole orthopaedic surgery reduces length of stay and blood loss during surgery, which has fueled the growth of the keyhole orthopaedic surgery market. However, the high cost of equipment and treatment may limit the growth of keyhole orthopaedic surgery. Furthermore, skilled professionals are required to perform such minimally invasive surgery, which may impede the growth of the keyhole orthopaedic surgery market. Furthermore, post-operative complications are expected to stymie the growth of the keyhole orthopaedic surgery market.
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Keyhole Orthopaedic Surgery Market: Overview
Keyhole orthopaedic surgery is expected to spur the growth of the market. Increasing orthopaedic procedures is likely to anticipate growth of the market. With the advancement in technology, many new tools have been launched into the market for keyhole orthopaedic surgery.
For example, recently in March 2019, Stryker had launch four visualization tools for keyhole orthopaedic surgery in order to improve the efficiency and outcome of the patients such as HipCheck, 1688 AIM 4K Platform and others. Due to minimal invasive procedures, keyhole orthopaedic surgery has gain much popularity in the market since it is associated with less pain and providing efficient results with minimal scars in the skin. With the help of arthroscopy, the surgeon can able to detect the damage in the joint which as a result the treatment time is reduced and at the same time keyhole orthopaedic surgery provide effective treatment. Thus all this factors is likely to contribute substantial growth of keyhole orthopaedic surgery market.
Keyhole Orthopaedic Surgery: Region-wise Outlook
On the basis of geography, the global urology imaging system market is segmented into seven key regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan and Middle East & Africa. North America is projected to hold the largest share in the keyhole orthopaedic surgery market due to rising demand of minimal invasive surgeries coupled with increasing geriatric population is anticipate to grow the overall keyhole orthopaedic surgery market.
Europe market protrude to have high growth in keyhole orthopaedic surgery market due to advancement in osteology and adoption of new tools and techniques. Asia Pacific is also potentially stimulating the growth of the keyhole orthopaedic surgery market due to increasing healthcare expenditure and demand for new treatment. Japan has the potential to grow the overall keyhole orthopaedic surgery market due to increasing aging population and rise in healthcare infrastructure. Middle East & Africa have less impact in overall keyhole orthopaedic surgery market due to lack of proper healthcare facilities and lack of awareness about new treatment may thrive the keyhole orthopaedic surgery market.
Keyhole Orthopaedic Surgery Market: Key Players
Some of the key players present across the value chain of the global keyhole orthopaedic surgery market are Stryker Corp., Surgical Holdings, Geister Medizintechnik GmbH, STI Laser Industries, Ltd, Zimmer Biomet, DePuy Synthes, Smith & Nephew, DJO Global, Medtronic Spinal, Integra Lifesciences, Globus Medical, NuVasive Inc., Wright Medical.
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Keyhole Orthopaedic Surgery Market: Segmentation
The global urology imaging systems market is segmented by indication and end user.
Segmentation by Indication
- Torn meniscus
- Torn or damaged cruciate ligament
- Inflamed synovial tissue
- Torn pieces of articular cartilage
- Misalignment of patella
- Baker’s cyst
Segmentation by End User
- Orthopaedics Clinics
- Ambulatory Surgical Centers
- Diagnostics Centers
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
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