Arthroscope Market was valued at USD 5.57 billion in 2021 and is expected to reach USD 11.35 billion by 2029, registering a CAGR of 9.3% during the forecast period of 2022 to 2029.
The arthroscope market refers to the segment of the healthcare industry that deals with the development, manufacturing, and distribution of arthroscopic devices. Arthroscopy is a minimally invasive surgical procedure that involves the use of an arthroscope, a small, tube-like instrument with a light source and camera, to visualize and treat problems inside a joint.
Arthroscopic procedures are commonly performed on joints such as the knee, shoulder, hip, ankle, and wrist. The arthroscope is inserted through small incisions, allowing the surgeon to view the joint on a monitor and perform various diagnostic and therapeutic interventions. Some of the common arthroscopic procedures include meniscus repair, ligament reconstruction, cartilage repair, synovectomy, and joint debridement.
Key factors driving the arthroscope market include:
- Increasing Prevalence of Joint Disorders: Joint disorders, such as osteoarthritis, sports injuries, and degenerative conditions, are prevalent worldwide. Arthroscopic procedures offer less invasive treatment options for these conditions, leading to increased demand for arthroscopic devices.
- Advantages of Minimally Invasive Surgery: Arthroscopy is considered a minimally invasive surgical technique compared to traditional open surgeries. It offers benefits such as smaller incisions, reduced tissue trauma, faster recovery, and shorter hospital stays. These advantages drive the adoption of arthroscopic procedures and related devices.
- Technological Advancements: Advances in arthroscopic technology have resulted in improved imaging quality, better visualization, enhanced surgical instruments, and increased procedural efficiency. These advancements contribute to the growth of the arthroscope market by providing surgeons with better tools and techniques for performing arthroscopic procedures.
- Growing Sports and Orthopedic Injuries: Sports-related injuries and orthopedic conditions are prevalent, particularly among the active and aging population. Arthroscopic procedures are commonly performed for sports injuries, including ACL tears, meniscus tears, and rotator cuff injuries. The increasing participation in sports and physical activities drives the demand for arthroscopic devices.
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Market Segmentations:
Global Arthroscope Market: By Company
• Olympus
• Stryker
• Richard Wolf
• KARL STORZ
• Arthrex
• RUDOLF Medical
• Fieger
• Smith & Nephew
• HOYA
• Ackermann
• Hangzhou Haokeguang Photoelectric Instrument
• Zhejiang Tiansong Medical Devices
Global Arthroscope Market: By Type
• Knee Arthroscope
• Hip Arthroscope
• Shoulder Arthroscope
Global Arthroscope Market: By Application
• Arthritis Surgery
• Synovitis surgery
• Others
Global Arthroscope Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Arthroscope market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
COVID-19 Impact
To fulfil the demands of the impacted population, a greater need for medical supplies is emerging. The most often used medical equipment in primary clinical care is respiratory support equipment, which includes oxygen generators, life support machines, monitors, and atomizers. Additionally, COVID-19 has caused a large rise in demand for medical supplies such masks, gloves, and safety glasses. Medical experts and the general population are increasingly in need of resources in order to take prophylactic actions as the number of COVID-19 cases increases globally. To ensure a consistent supply of personal protective equipment on the market, manufacturers of these products have the chance to capitalise on the growing need for medical supplies.
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FREQUENTLY ASKED QUESTIONS?
Q1. What are the key growth strategies of arthroscopy devices industry players?
Q2. Which is the largest regional market for arthroscopy devices?
Q3. How the company profile has been selected?
Q4. What is the estimated industry size of arthroscopy devices?
Q5. Which are the top companies to hold the market share in arthroscopy devices?
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