Arthroscopy Market Trends, Growth, Industry & Revenue [2031]
Arthroscopy Market Trends, Growth, Industry & Revenue [2031]
Segments - Arthroscopy Market by Products (Visualization Systems, Powered Shaver Systems, Fluid Management Systems, Arthroscopes, Ablation Systems, Arthroscopes Implants, Disposables, and Accessories), Applications (Knee, Hip, Shoulder, Hand & Wrist, Foot & Ankle, Elbow, and Sports Injuries), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
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| Report ID :HC-2403
| 4.4 Rating
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| 187 Pages
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Report Description
The global arthroscopy market size is projected to register a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising geriatric population as well as sport participation that are prone to injuries requiring arthroscopic procedures.
Arthroscopy is a surgical procedure to repair a joint and other related bone problems. This surgical procedure is minimally invasive and saves patients from total knee replacement. According to America Academy of Orthopedic Surgeons, over 4 million knee arthroscopic surgeries are performed worldwide annually. Approximately 1.4 million shoulder arthroscopic procedures are performed worldwide as per the data provided by American Orthopedic Society for Sports Medicine. With the increasing sport injuries, there is wide demand for the introduction of improved versions and development in technology.
The COVID-19 situation has affected the market at a large scale as all the non-urgent surgeries were postponed and most of the hospitals were increasingly converted into COVID centers. The rising incidences of musculoskeletal disarray is expected to push the market growth positively during the forecast period. For instance, Ceterix launched minimally invasive NovoStitch, a device to be used for complex anatomical situations to ensure joint stich.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing number of the global geriatric population and growing number of sports participation from adults are expected to drive the market growth.
- Development of innovative diagnostic technology and introduction of advanced treatment devices are projected to propel the market expansion.
- Rising demand for minimally invasive surgeries is estimated to boost the arthroscopy market.
- Increasing awareness regarding timely diagnosis for bone injuries to prevent from severe consequence in later development is expected to fuel the market growth.
- High cost of the treatment and complexity in the reimbursement policies across countries are major challenges that can impede the market growth during the forecast period.
- Increasing use of fluid management systems to better the visualization process is expected to accelerate the growth of the market in the coming years.
Scope of the Report
The report on the global arthroscopy market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
| Attributes | Details |
| Report Title | Arthroscopy Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
| Base Year | 2020 |
| Historic Data | 2018–2019 |
| Forecast Period | 2021–2028 |
| Segmentation | Products (Visualization Systems, Powered Shaver Systems, Fluid Management Systems, Arthroscopes, Ablation Systems, Arthroscopes Implants, Disposables, and Accessories) and Applications (Knee, Hip, Shoulder, Hand & Wrist, Foot & Ankle, Elbow, and Sports Injuries) |
| Regional Scope | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
| Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
| Key Players Covered in the Report | Arthrex Inc.; Smith & Nephew plc; DePuy Synthes; and ConMed Corp. |
Market Segment Insights
Arthroscopes implants segment is expected to grow at a robust rate
Based on products, the global arthroscopy market is divided into visualization systems, powered shaver systems, fluid management systems, arthroscopes, ablation systems, arthroscopes implants, disposables, and accessories. The arthroscopes implants segment is expected to grow at a robust rate during the projected period due to rapid introduction of advanced biodegradable implants, which can reduce the risk of infection. However, the ablation systems segment is anticipated to expand at a rapid pace during the forecast period owing to advancement in technology of the system.
Knee segment is projected to expand at a considerable CAGR
In terms of applications, the market is segregated into knee, hip, shoulder, hand & wrist, foot & ankle, elbow, and sports injuries. The knee segment accounted for a key share of the market in 2020 and is projected to expand at a considerable CAGR during the forecast period owing to rising geriatric population who are at risks of having knee joint disorders. However, the sports injuries segment is anticipated to exhibit a high growth rate during the projected period due to the rise in number of sport activities and wide engagement in active lifestyle among people.
North America is anticipated to constitute a key market share
In terms of regions, the global arthroscopy market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America constituted a key share of the market in 2019 and the trend is projected to continue in the coming years due to high adoption rate for arthroscopic procedure and early adoption of advanced technology for the medical treatment in the region. The market of Asia Pacific, meanwhile, is anticipated to expand at an impressive growth rate during the forecast period owing to the presence of strong medical device manufacturing sector.
Segments
Segments Covered in the Report
The global arthroscopy market has been segmented on the basis of
Products
- Visualization Systems
- Powered Shaver Systems
- Fluid Management Systems
- Arthroscopes
- Ablation Systems
- Arthroscopes Implants
- Disposables
- Accessories
Applications
- Knee
- Hip
- Shoulder
- Hand & Wrist
- Foot & Ankle
- Elbow
- Sports Injuries
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Arthrex Inc.
- Smith & Nephew plc
- DePuy Synthes
- ConMed Corp.
Competitive Landscape
Key players competing in the arthroscopy market are Arthrex Inc.; Smith & Nephew plc; DePuy Synthes; and ConMed Corp. The main market players are continuously engaged in several business development activities such as mergers, acquisitions, research and developments, investments for innovative products, and collaborations to expand their market share. For instance, Zimmer Biomet announced an acquisition deal of Cayenne Medical to fuel its sports medicine division in May 2016.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Arthroscopy Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Arthroscopy Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Arthroscopy Market - Supply Chain
4.5. Global Arthroscopy Market Forecast
4.5.1. Arthroscopy Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Arthroscopy Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Arthroscopy Market Absolute $ Opportunity
5. Global Arthroscopy Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Arthroscopy Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Arthroscopy Demand Share Forecast, 2019-2026
6. North America Arthroscopy Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Arthroscopy Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Arthroscopy Demand Share Forecast, 2019-2026
7. Latin America Arthroscopy Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Arthroscopy Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Arthroscopy Demand Share Forecast, 2019-2026
8. Europe Arthroscopy Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Arthroscopy Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Arthroscopy Demand Share Forecast, 2019-2026
9. Asia Pacific Arthroscopy Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Arthroscopy Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Arthroscopy Demand Share Forecast, 2019-2026
10. Middle East & Africa Arthroscopy Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Arthroscopy Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Arthroscopy Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Arthroscopy Market: Market Share Analysis
11.2. Arthroscopy Distributors and Customers
11.3. Arthroscopy Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Arthrex Inc.
11.4.2. Smith & Nephew plc
11.4.3. DePuy Synthes
11.4.4. ConMed Corp.
11.4.5.
Methodology
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