Arthroscopy Market Trends, Growth, Industry & Revenue [2031]

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.

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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.

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.

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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.

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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.

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