Arthroscopy Procedures & Products Market to Reach USD 13,265.6 Million in 2023 at a 6.2% CAGR, Driven by Rising OA Cases & Sports Medicine Applications

Arthroscopy Procedure and Products Market
Arthroscopy Procedure and Products Market

The global arthroscopy procedures and products market is on track to achieve a valuation of USD 6,860.8 million in 2023, with continued growth projected at a CAGR of 6.2% from 2023 to 2033. This expansion is largely fueled by the increasing prevalence of osteoarthritis (OA) among the geriatric population and the growing adoption of arthroscopic procedures in sports medicine.

North America and Europe lead the market, collectively accounting for over 77% of global revenue, driven by a rising preference for minimally invasive arthroscopic surgeries in countries like the United States and Germany. These regions benefit from advanced healthcare infrastructure, favorable reimbursement policies, and cutting-edge imaging technologies that enhance surgical precision and patient outcomes.

Key drivers of market growth include advancements in arthroscopic imaging, such as high-definition cameras and 3D visualization, which improve diagnostic accuracy. Additionally, the demand for minimally invasive procedures continues to rise due to their benefits, including reduced scarring, faster recovery, and shorter hospital stays. Favorable insurance coverage further incentivizes healthcare providers to offer arthroscopic treatments.

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Key Takeaways:

  • The global arthroscopy market is projected to grow at a 6.2% CAGR from 2023 to 2033, reaching a multi-billion-dollar valuation.
  • North America and Europe dominate the market, driven by increasing adoption in sports medicine and geriatric care.
  • Technological advancements in imaging and minimally invasive techniques are enhancing surgical precision and patient outcomes.
  • Favorable reimbursement policies are encouraging greater accessibility and adoption of arthroscopic procedures.

Market Drivers

  • Increasing Application in Sports Medicine: The rising popularity of arthroscopic procedures in sports medicine is a significant driver, as these techniques are often used to treat sports-related injuries effectively.
  • Rising Prevalence of Osteoarthritis: The growing incidence of osteoarthritis, particularly among the aging population, is leading to a higher demand for arthroscopic interventions as a minimally invasive treatment option.
  • Advancements in Imaging Techniques: Innovations in arthroscopic imaging, including high-definition cameras and 3D visualization technologies, are enhancing the accuracy of diagnoses and improving surgical outcomes.
  • Demand for Minimally Invasive Procedures: Patients increasingly prefer minimally invasive surgeries due to benefits such as reduced scarring, quicker recovery times, and shorter hospital stays.
  • Favorable Reimbursement Policies: Supportive reimbursement frameworks from insurance providers are encouraging healthcare facilities to adopt arthroscopic procedures more widely.

Key Companies Profiled

Arthrex Inc.; CONMED Corporation; Johnson & Johnson; KARL STORZ GmbH & Co. KG; Olympus Corporation; Richard Wolf GmbH; Stryker Corporation; Others

Arthroscopy Procedure and Product Market by Category

By Product Type:

  • Arthroscopes and Visualization Systems
  • Arthroscopic Resection Systems
  • Arthroscopic Fluid Management Systems
  • Arthroscopic Implants
    • Knee Implants
    • Shoulder Implants
    • Hip Implants
    • Other Implants
  • Arthroscopy Radiofrequency (RF) Systems
  • Arthroscopic Drills and Fixation Systems
  • Other Arthroscopy Instruments and Accessories

By Procedure Type:

  • Shoulder Arthroscopy
  • Hip Arthroscopy
  • Knee Arthroscopy
  • Elbow Arthroscopy
  • Small Joints Arthroscopy
  • Others

By Region:

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific excluding Japan
  • Japan
  • Middle East and Africa (MEA)

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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