Overview:

The global arthroscopy procedures and products market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Arthroscopy is a minimally invasive procedure for diagnosis and treatment of joint problems. In the arthroscopy procedure a surgeons inserts an arthroscope, which is a fiber-optic video camera, through a keyhole size incision.

The arthroscope makes visible the joint on a high definition video monitor and assists to determine the amount or type of injury. It also helps to perform arthroscopy without the need of a large incision.

Market Dynamics:

Growing incidence of injuries in sport events is a major factor driving growth of the global arthroscopy procedures and products market. For instance, as per the National Safety Council (NSC), around 403,980 injuries occurred while playing basketball in the U.S. in 2019. Additionally, in the same year around 468,315 individuals got injured while performing personal exercise, without or with exercise equipment.

In addition, increasing prevalence of osteoarthritis among geriatric population is boosting growth of the target market. Also, growing preference for arthroscopy procedures among patients owing to benefits associated with it such as faster recovery, minimally invasive procedure, lower risk of infection, and less time consuming procedure are supporting growth of the global market.

However, rising concerns related to post-surgery complications and rising cost of arthroscopy treatment are key factors may hinder growth of the target market to a certain extent. The rising focus on R&D by key players to reduce the side effects associated with arthroscopy procedure and growing healthcare spending are expected to reduce the impact of key challenges on the target market over the forecast period.

Key Trends:

Key players are focusing on product launches to tap major market share is a key trend witnessed in the global arthroscopy procedures and products market. For instance, Smith & Nephew plc has announced the outcomes of the clinical trial conducted to gauge the efficiency of its new NOVOSTITCH Meniscal Repair System in July 2019.

Regional Analysis:

For detailed understanding of market dynamics, the global Arthroscopy Procedures and Products market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global arthroscopy procedures and products market in the year 2019 and is expected to maintain its dominance over the forecast period. This is owing to high presence of key players in countries in the region and high adoption of advanced arthroscopy treatment in the hospitals. In addition, increasing geriatric population and growing prevalence of obesity are other key factors driving growth of the target market in the region.

However, Europe is expected to hold second largest market share followed by Asia Pacific region. Also, Asia Pacific is expected to witness highest growth in the target market over the forecast period. This is owing to increasing healthcare access, growing healthcare spending, rising penetration of healthcare insurance, and growing incidence of sport related injuries in countries in the region.

Scope of the Report:

Detailed Segmentation:

Global Arthroscopy Procedures and Products Market, By Product Type:

• Arthroscopes and Visualization Systems
• Arthroscopic Implants
• Fluid Management Systems
• Radiofrequency (RF) Systems
• Drills and Fixation Systems
• Others

Global Arthroscopy Procedures and Products Market, By Procedure:

• Knee Arthroscopy
• Hip Arthroscopy
• Elbow Arthroscopy
• Shoulder Arthroscopy
• Small Joints Arthroscopy
• Other Procedures

Key Players Covered:

Key players operating in the global arthroscopy procedures and products market include, Arthrex, Inc., CONMED Corporation, KARL STORZ GmbH & Co. KG, Olympus Corporation, Smith & Nephew Plc., Richard Wolf GmbH, Covidien Plc, Tornier Inc. and Stryker Corporation.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Arthroscopy Procedures and Products Market by product type, procedure, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global arthroscopy procedures and products market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.