Arthroscopy Instrument Market Size, Share, Trends, Opportunities, Scope & Forecast 2032
Zion Market Research has published a new report titled “Arthroscopy Instrument Market by Product (Arthroscope, Arthroscopy Implants, Visualization Systems, Fluid Management Systems, RF Ablation Systems, and Powered Shaver's), by Application (Knee Arthroscopy, Shoulder Arthroscopy, and Others), and by End User (Hospitals and Ambulatory Surgery Centers & Clinics): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 - 2032”.
According to the report, the global arthroscopy instrument market accounted for USD 5.95 billion in 2023 and is expected to reach USD 10.14 billion by 2032, growing at a CAGR of around 6.10% between 2024 and 2032.
An arthroscopy is a surgical procedure performed by orthopedic surgeons to visualize, diagnose, and treat problems in joints. The procedure involves a small incision in the patient’s skin and the insertion of a small pipe-sized instrument that contains a small lens and light source (fiber light) to examine the inside structure of the joint, the light is transmitted through fiber optics. An arthroscopy is usually performed for a torn meniscus, rheumatoid arthritis, cubital tunnel syndrome, elbow pain, problems, etc. Rising demand for robotics and autonomous systems in arthroscopy instruments for minimally invasive surgeries and expansion of healthcare expenditure in developing countries are acting as future opportunities for arthroscopy instrument manufacturers.
High Popularity Of Autonomous Systems & Robotics To Propel Product Sales
“Escalating demand for autonomous systems and robotics in arthroscopy instruments for minimally invasive surgical procedures along with the expansion of the healthcare sector in emerging economies are likely to influence the growth of the arthroscopy instrument market in the years ahead,” says the author of this study. Apart from this, massive use of these devices in hospitals and ambulatory surgical centers & clinics is projected to boost the expansion of the arthroscopy instrument market in the coming years.
The arthroscopy instrument market is a segment within the broader medical device industry focused on instruments used in arthroscopic procedures. Arthroscopy is a minimally invasive surgical procedure performed to diagnose and treat joint problems, involving the insertion of a small camera (arthroscope) and specialized instruments through tiny incisions. The market for arthroscopy instruments encompasses various types of instruments and devices used in these procedures, including:
Arthroscopes: These are thin, flexible optical instruments equipped with a camera and light source, allowing surgeons to visualize the interior of a joint on a monitor.
Arthroscopic Implants: These are devices used to repair or reconstruct damaged joint structures, such as anchors, screws, suture anchors, and implants for ligament and tendon repair.
Fluid Management Systems: These systems control the flow of irrigation fluid during arthroscopic procedures, maintaining clear visualization of the joint and removing debris.
Powered Instruments: Powered instruments, such as shavers and burrs, are used to resect or remove damaged tissue, cartilage, or bone during arthroscopic surgery.
Graspers, Probes, and Retrieval Instruments: These instruments are used to manipulate tissues, probe joint structures, and retrieve loose bodies or foreign objects from the joint space.
Accessories and Consumables: This category includes various accessories and consumables used in arthroscopic procedures, such as cannulas, sheaths, suture materials, and disposable components.
Key aspects of the arthroscopy instrument market include:
Market Growth: The market for arthroscopy instruments has been experiencing steady growth, driven by factors such as the increasing prevalence of joint disorders and sports injuries, rising demand for minimally invasive surgical techniques, and technological advancements in arthroscopic equipment.
Technological Innovations: Advances in imaging technology, instrument design, and materials have led to the development of more sophisticated and precise arthroscopy instruments. For example, high-definition cameras, improved lighting systems, and ergonomic instrument designs enhance visualization and surgical precision.
Procedure Volume: The increasing adoption of arthroscopic procedures across various medical specialties, including orthopedics, sports medicine, and veterinary medicine, contributes to the growth of the arthroscopy instrument market. Arthroscopy is used for the diagnosis and treatment of conditions such as ligament injuries, meniscal tears, cartilage damage, and joint instability.
Key Players: The market is characterized by the presence of several established medical device companies, as well as smaller specialized manufacturers, offering a wide range of arthroscopy instruments and accessories. These companies compete based on factors such as product innovation, quality, pricing, and distribution networks.
Regulatory Landscape: Regulatory agencies, such as the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA), oversee the approval and regulation of arthroscopy instruments and devices. Compliance with regulatory standards and guidelines is essential for ensuring the safety, efficacy, and quality of these medical devices.
Market Dynamics: The arthroscopy instrument market exhibits regional variations influenced by factors such as healthcare infrastructure, reimbursement policies, prevalence of musculoskeletal disorders, and technological adoption rates. Emerging markets in Asia-Pacific and Latin America present opportunities for market expansion due to increasing healthcare spending and growing patient awareness.
Based on product, the arthroscopy instrument market is segmented into arthroscopes, arthroscopy implants, visualization systems, fluid management systems, RF ablation systems, and powered shavers. The arthroscopic implants segment holds the highest share of the global arthroscopy instrument market due to the use of implants in the majority of arthroscopic surgeries.
Based on application, the arthroscopy instrument market is segmented into knee arthroscopy, shoulder arthroscopy, and others (hip, wrist, elbow, foot, and ankle). The knee arthroscopy segment has contributed the highest share to the market growth and the other segment is expected to grow with the highest CAGR due to the rise in hip surgeries and the growing availability of advanced instruments for complex hip surgeries.
Based on the end-user, the arthroscopy instrument market is segmented into hospitals and ambulatory surgical centers & clinics. In 2023, the hospitals segment accounted for the largest share of the global arthroscopy instrument market.
Increase In Sports- Related Surgeries To Support Regional Dominance
Regionally, North America held the largest share of the global arthroscopy instruments market, owing to about 2 million sports-related surgeries performed each year in the U.S. only and the presence of key market players in the region. The high rate of sports-related surgeries and the enlarged popularity of modern surgical equipment are the main factors behind the dominance of the North American arthroscopy instrument market. The huge presence of renowned market players headquartered in North America is another significant factor that is supporting the growth of this regional arthroscopy instrument market. In addition, the rise in the patient population base and favorable medical reimbursement policies are likely to contribute significantly to the growth of the arthroscopy instrument market in North America.
Europe has the second-largest share of the arthroscopy instruments market due to the rising prevalence of bone-related disorders and government support for research and development. Asia Pacific region is expected to grow at the highest rate mainly due to rising demand for minimally invasive surgeries, a growing geriatric population, and expanding healthcare expenditure.
Arthroscopy Instrument Market: Competitive Analysis
The global arthroscopy instrument market is led by players like:
Arthrex
DePuy Synthes
Smith & Nephew
CONMED
Stryker
Medtronic
Zimmer Biomet
B. Braun
Karl Storz
Olympus
MEDICON
Sklar
Millennium
GPC Medical
This report segments the arthroscopy instrument market as follows:
Global Arthroscopy Instrument Market: Product Analysis
Arthroscope
Arthroscopy Implants
Visualization Systems
Fluid Management Systems
RF Ablation Systems
Powered Shavers
Global Arthroscopy Instrument Market: Application Analysis
Knee Arthroscopy
Shoulder Arthroscopy
Others
Global Arthroscopy Instrument Market: End User Analysis
Hospitals
Ambulatory Surgical Centers & Clinics
Global Arthroscopy Instrument Market: Regional Analysis
North AmericaThe U.S.
EuropeUKFranceGermany
Asia PacificChinaJapanIndia
Latin AmericaBrazil
The Middle East and Africa
About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to provide our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Contact Us:
Zion Market Research 244 Fifth Avenue, Suite N202 New York, 10001, United States Tel: +49-322 210 92714 USA/Canada Toll-Free No.1-855-465-4651 Email: sales@zionmarketresearch.com Website: https://www.zionmarketresearch.com
Comments
Post a Comment