Arthroscopic Devices Market Size, Revenue, Trends, Competitive Landscape Study & Analysis, Forecast To 2028
According to the current analysis of Reports and Data, the global Arthroscopic Devices market was valued at USD 4,905.4 Million in 2020 and is expected to reach USD 7,866.4 Million by the year 2028, at a CAGR of 6.2 %. Arthroscopy is a set of procedure which includes diagnosing and treating joint problems. Moreover, in the case of joint dislocation, arthroscopy also involves surgeries in that particular area. Arthroscopic devices enable the healthcare professional to view inside the joint without making a large incision. The rise in popularity and demand for a minimally invasive technique for surgical procedures across the globe is the primary factor that fosters the growth of arthroscopic devices market.
Arthroscopic devices are extensively used in orthopedic conditions like shoulder arthroscopy, knee arthroscopy, and hip arthroscopy. According to the United Nations, by 2050, 130 million people will suffer from osteoarthritis worldwide, of whom 40 million will be severely disabled by the disease. The cost of treatment associated with arthroscopy includes outlays for diagnostic, adaptive aids and devices, medicines, surgery. However, Rapid growth was possible due to considerable technological advances in the field of medical technology which has partly solved the challenges associated with minimal invasive technique. Majorly, arthroscopy is helpful in the diagnosis and treatment of many non-inflammatory, inflammatory, and infectious types of arthritis as well as various injuries within the joint. Non-inflammatory degenerative arthritis, or osteoarthritis, can be seen using the arthroscope as frayed and irregular cartilage. The increased population of geriatrics experiencing joint pains and other diseases related to arthritis, escalating awareness of the need to live a quality life that is better for human existence are some of the major drivers of the arthroscopic devices market. Furthermore, government initiatives to provide better diagnostic, technological advancements in the field of diagnostics is expected to fuel market growth during the forecast period. The rising incidences of a product recall, increase in the infections caused due to implants due to hygiene conditions, and implications associated with the surgical procedure are expected to hamper the market growth for arthroscopic devices during the forecast period.
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The report provides a panoramic view of the market and insights that will help formulate better business decisions. In addition to that, the study helps well-established companies and players gain a deeper understanding of the market and make informed decisions. The report also discusses in detail about the key factors influencing the market growth.
Key companies operating in the market include:
Smith & Nephew, DePuy Synthes, Stryker, Arthrex , ConMed, Zimmer Biomet, Medtronic, Karl Storz, B. Braun, Olympus, Richard Wolf, MEDICON, Sklar , Millennium, GPC Medical, and Johnson & Johnson.
The report covers an extensive analysis of the key market players in the market along with their business overview, expansion plans, and strategies. The report also focuses on recent strategic alliances in the market including mergers and acquisitions, joint ventures, partnerships, agreements, corporate and government deals, product launches, and brand promotions, among others.
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The report aims to provide a better understanding of the market dynamics and the workings of the industry on a global level. To gain a deeper understanding of the industry, the global Arthroscopic Devices market is further segmented on the basis of key geographical regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. The report also offers a country-wise analysis to provide crucial insights into market size, market growth, market revenue growth, and economic growth in each region.
On basis of product types and application offered by the Arthroscopic Devices industry, the market is segmented into:
Type Outlook (Revenue in Million USD; 2020–2028)
- Arthroscopic Implants
- Radiofrequency Probes and Wands
- Fluid Management System
- Motorized Shavers
- Visualized Systems
Application Outlook (Revenue in Million USD; 2020–2028)
- Shoulder Arthroscopy
- Knee Arthroscopy
- Spine Arthroscopy
End-Use Outlook (Revenue in Million USD; 2020–2028)
- Hospitals & Clinics
- Ambulatory Surgical Centers
The regional analysis covers:
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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Benefits of Arthroscopic Devices Market Report:
- Panoramic overview of the opportunities and risks in the Arthroscopic Devices sector
- Study of recent innovations and developments in the industry
- Comprehensive study of the growth pattern of the Arthroscopic Devices industry
- In-depth assessment of the competitive landscape of the key players of the Arthroscopic Devices industry
- Analysis of the Arthroscopic Devices market drivers, constraints, and opportunities
- Assessment of technological developments and latest trends of the industry
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