Global Arthroscopy Instruments Market was valued at US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2026, at a CAGR of XX% during a forecast period.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short term and long term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region wise.
Arthroscopy is a minimally invasive surgery that is used to perform to diagnose, visualize & treat the complications inside a joint. It is widely used by orthopedic doctors to treat bone disorders. Arthroscopy procedure helps to avoid post-surgery difficulties, infection during surgery & significantly reduces patient recovery period. The rise in joint replacement surgery and bone disorders are leading to the growth of the arthroscopy instruments market.
The rising incidence of musculoskeletal disorders such as osteoarthritis & rheumatoid arthritis owing to growth in the elderly population and technological advancements are boosting the growth of the global arthroscopy instrument market. Additionally, growth in sports injuries where the arthroscopy process avoids the total joint replacements is expected to increase the growth of the market.
Growing demand for autonomous systems & robotics in arthroscopy instruments for nominally invasive surgeries & improvement of healthcare expenditures in developing countries is a key opportunity in the forecast period. Enlargement & modernization of a healthcare organization in emerging economies is enhancing the market growth. The high cost of arthroscopy instruments, lack of trained staff are limiting the growth of the market.
The arthroscopic implants are leading the global arthroscopic devices market during the forecast period owing to the various application of arthroscopic implants with better designs, such as smart & modified implants to treat different conditions & increased adoption of implants in arthroscopy procedures of damaged joints.
Hospitals are estimated to lead the global arthroscopy instruments market during the forecast period owing to a large number of surgeries that are performed in hospitals. The knee arthroscopy segment is estimated the highest CAGR during the forecast period owing to an increase in hip surgeries & the rising availability of advanced instruments for difficult hip surgeries.
The high adoption rate of minimally invasive devices and growing rates of joint-related diseases is boosting the market growth in the North American region. The Asia Pacific is the highest growing region in the global arthroscopy instrument market owing to a large patient pool, growing demand for minimally invasive surgeries, and improvement in healthcare infrastructure in that region. Further, low development, lack of practical information, and poor medical facilities in the Middle East & Africa region hold the lowest share in the global market.
The key players operating in the global arthroscopy instruments market are Arthrex, Johnson & Johnson, CONMED Corporation, Karl Storz GmbH, Medtronic, Richard Wolf GmbH, Smith & Nephew, Stryker Corporation, Wright Medical Group, and Zimmer Biomet.
Scope of Global Arthroscopy Instruments Market:
Global Arthroscopy Instruments Market, by Product Type:
• Arthroscopic Implants
• Fluid Management Systems
• Radiofrequency Systems
• Visualization Systems
• Power Shaver Systems
• Other Arthroscopy Equipment
Global Arthroscopy Instruments Market, by Application:
• Knee Arthroscopy
• Hip Arthroscopy
• Spine Arthroscopy
• Foot & Ankle Arthroscopy
• Shoulder & Elbow Arthroscopy
• Other Arthroscopy Applications
Global Arthroscopy Instruments Market, by End User:
• Hospitals& Clinics
• Ambulatory Surgical Centers
Global Arthroscopy Instruments Market, by Region:
• North America
• South America
• Middle East & Africa
Key Player Operating In the Global Arthroscopy Instruments Market:
• Johnson & Johnson
• CONMED Corporation
• Karl Storz GmbH
• Richard Wolf GmbH
• Smith & Nephew
• Stryker Corporation
• Wright Medical Group
• Zimmer Biomet
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