According to Future Market Insights (FMI), the global Arthroscopy Procedure and Products Market is expected to be worth approximately US$ 6.48 billion in 2021.
The market revenue is expected to grow at a CAGR of more than 7.7% from 2021 to 2031, owing to increased application in sports medicine and rising prevalence of osteoarthritis (OA) in the geriatric population.
The global minimally invasive surgery devices market is forecast to surpass US$ 6.48 Billion by 2021, and the growth is expected to rub off on the arthroscopy market. Increasing application in sports medicine, demographic trends, rising prevalence of osteoarthritis and ease in FDA clearance are key factors driving growth of the global arthroscopy procedures and products market. On the other hand, risk of edema due to irrigation fluids and increasing pricing pressures are anticipated to hamper market growth during the forecast period.
The arthroscopic implants segment is further sub-segmented into knee implants, shoulder implants, hip implants and other implants. The arthroscopic implants product type segment accounts for highest share of the arthroscopy procedures and products market currently, and is expected to remain the leading segment in terms of value during the forecast period.
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Increase in clinical evidences related to the safety, efficacy and economic benefits of arthroscopic implants in younger patients is expected to boost growth of arthroscopic implants segment during the forecast period.
By procedure type, the knee arthroscopy segment is expected to hold more than half the global market share, and the revenue from the segment is projected to expand at the highest CAGR over the forecast period as compared to other segments.
By region, North America is the largest market in terms of value currently and is expected to retain its position through the forecast period. Increasing number of ambulatory surgical centres, developing techniques and equipment, and increasing usages of arthroscopic instruments used in hips, shoulders, ankles and wrists procedures are factors expected to boost growth of the North America market over the forecast period.
Markets in the Americas and Europe collectively accounted for over 77% revenue share of the global arthroscopy procedures and products market in 2021. The market in APAC region is projected to exhibit an above average CAGR in terms of value during the forecast period from 2021 to 2031. Increase in preference of arthroscopic surgeries and technological advancement in arthroscopic instruments are factors expected to fuel demand for arthroscopy products over the forecast period.
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Key Companies Profiled:
- Arthrex Inc.
- CONMED Corporation
- Johnson & Johnson
- KARL STORZ GmbH & Co. KG
- Olympus Corporation
- Richard Wolf GmbH
- Stryker Corporation
- Others
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Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario
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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
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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